Investment
Morgan Group Refis Five Multi-Family Properties for $146M
The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.
Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi
Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.
Marriott Buys NYC's Clock Tower for $165M, Plans New Luxury Hotel Brand
After acquiring New York City’s Clock Tower building at 5 Madison Ave. in 2007 for $200 million, Africa Israel USA has sold the property to Marriott International for $165 million.
Deutsche Bank's NYC HQ Gets Record-Setting Solar Array
Deutsche Bank’s Americas headquarters is about to get a little greener, as the investment firm has just completed the installation of a 122.4 kW solar photovoltaic array on the roof of its New York City office.
CBRE: Global Outlook for CRE Remains Cloudy in '12
According to a year-end report by CBRE Group, the safest real estate assets –- prime properties in prime locations -– saw the lion’s share of the activity in 2011, but it may be difficult to continue that same level of activity in the new year.
NorthMarq Restructures, Promotes Two to President Role
NorthMarq Capital has kicked off 2012 with some major changes at the top, as the firm has named Jeff Weidell and William Ross, who had held the respective positions of managing director and executive vice president, as presidents of the company.
American Campus Communities Takes $208M in Student Housing
American Campus Communities Inc. has just expanded its portfolio by nearly 2,000 beds with the acquisition of 26 West Apartments in Austin and the purchase of a controlling stake in The Varsity in College Park, Md., for a total of $208 million.
Stephannie Mower: Investment Opportunities
Stephannie Mower, managing director of investment client services at Berkadia, comments about the commercial real estate investment climate, challenges, opportunities and her approach to advising clients.
Mitsui Fudosan Takes 80% Stake in D.C.'s Homer Building for $252M
Mitsui Fudosan America Inc. has completed the acquisition of an 80 percent interest in The Homer Building, a premier office property just blocks from the White House in Washington, D.C.
Economy Watch: Retail Sales Eke Out December Gain
The Census Bureau reported on Thursday that U.S. retail sales in December edged up only slightly compared with November. Americans are planning to travel more in 2012 and spend more doing it. And on Thursday, investors bought more than 10 billion euro of Spanish bonds.