Investment
Clarion, Equity Partner Invest $100M in 1.4 MSF Sao Paulo Industrial Project
Looking to capitalize on what will certainly be a growing economy in the next few years, Clarion Partners has acquired 78 acres of land in a northwest suburb of Sao Paulo. The company intends to develop and lease a Class A industrial facility that will eventually include 1.4 million square feet of space.
Cole Real Estate Takes a Piece of Chattanooga-Area Shopping Center
Cole Real Estate Investments has purchased 153,000 square feet in the Cleveland Towne Center in Tennessee from a joint venture composed of Batson-Cook Development and Warren Commercial.
Digital Realty Trust Spends $148M on Data Centers in San Francisco, Atlanta
For a purchase price of $85 million, Digital Realty Trust Inc. has become the new owner of San Francisco’s 360 Spear St., and for an additional $63 million, the company picked up a data-center facility next to Atlanta’s Hartsfield-Jackson Airport.
LaSalle Hotel Properties Buys Park Central Hotel
Six months after announcing plans to purchase the Park Central Hotel in Midtown Manhattan, LaSalle Hotel Properties has wrapped up the acquisition of the 934-room property in a transaction valued at $396.2 million.
Economy Watch: U.S. Still Tops with Foreign Investors; Markets Stay Calm
The United States remains the No. 1 choice for crossborder investors in commercial real estate, but its popularity has slipped somewhat. And markets worldwide took it easy yesterday.
CPE's Top 11 in '11
Taken as a whole, 2011 was something of a tumultuous year, but an interesting time for commercial real estate. CPE presents our top 11 stories from 2011.
Taubman Completes $560M Purchase of Three Centers
Retail REIT Taubman Centers Inc. has completed the $560 million purchase of three shopping centers from Davis Street Properties.
Exclusive: 192 KSF El Segundo Triple-Net-Leased Office Sells for $45M
AG Net Lease Fund II, a vehicle of Angelo, Gordon & Co., has picked up a 192,053-square-foot office in the Los Angeles submarket of El Segundo for $45 million from Kilroy Realty Corp.
Equity Returns Fire in Archstone Battle
The newest development in the Equity Residential saga has been filed in court, as the company put forth a motion to intervene in the ongoing legal proceedings regarding the sale of an interest in Archstone.
Ventas Purchases Cogdell, CEO Sees "Increased Demand" for Medical-Office Buildings
In a deal that was pegged at $4.25 per share in a cash transaction, Ventas Inc. has acquired Cogdell Spencer Inc. and its 72 medical-office buildings around the country for what will aggregate to approximately $760 million to $770 million.