Investment
Federal Capital Partners Closes CRE Fund with $1.5B in Buying Power
Opportunities in the multi-family, office, retail and industrial sectors will be the focus of Fund II, which, when leveraged, will allow for a total of approximately $1.5 billion of investments.
Simon Redeems LP Interests from J. C. Penney for $248M
Simon Property Group redeemed two million units of limited partnership interest in its operating partnership subsidiary, Simon Property Group L.P., from J. C. Penney Co. Inc.
Silicon Valley Corporate HQ Fetches $180M for Tech Firm
Gilead Sciences Inc., a biopharmaceutical company, is buying the 300,000-square-foot headquarters of Electronics For Imaging Inc. in Foster City, Calif.
Equity International Sells Stake in Brazilian Holding Company
Chicago-based Equity International is focusing its South American investment strategy on multiple asset categories in Brazil and Colombia.
Interstate JV Picks Up 295-Room Hotel Near Colonial Williamsburg
Interstate has been slowly building up its ownership portfolio, with joint venture partner Waramaug Hospitality L.L.C. at its side. Now the team has acquired the former Marriott Hotel Williamsburg. a 295-room lodging destination near the historic Colonial Williamsburg historic district in Williamsburg, Va.
Blackstone Buys 15 Retail Centers from Regency for $321M
Regency Centers Corp. has agreed to sell 15 shopping centers in seven states to an affiliate of Blackstone Real Estate Partners VII for $321 million.
Paramount/Colony Capital JV Closes on $481M Deal for Queens Trophy Tower
A joint venture of Paramount Group Inc. and Colony Capital L.L.C. bought the 50-story, 1.4 million-square-foot asset, which is the tallest New York City building outside of Manhattan.
Berkeley Point Capital Names Jim McDevitt President
Berkeley Point Capital L.L.C. has been adding executives to its ranks for the past several months, capping it off this week with the news that CRE finance veteran Jim McDevitt had been named president.
Paramount/Colony Capital JV Buys Queens Trophy Tower For Estimated $475M
Fully leased to Citigroup, the 1.4 million-square-foot, 50-story One Court Square is the tallest building in New York City outside of Manhattan.
Highwoods Cleans House with $41M Sale of 500 KSF Nashville Office Portfolio
What Highwoods Properties Inc. views as non-core, another real estate company sees as a great opportunity. Continuing its asset repositioning program, Highwoods sold its 484,000-square-foot Highwoods Nashville Airport North Portfolio to The Lingerfelt Cos. in a $41 million transaction.