Investment
With $560M Deal, CubeSmart is Metro NYC’s Top Self-Storage Owner
The company just signed a deal to purchase a 1.6 million-square-foot collection of premier properties in metropolitan New York City from Storage Deluxe.
Riding Multi-Family Wave, TRECAP Sells Seaside Complex to Western National for $95M
Multi-family supply/demand dynamics are their best in a decade, TRECAP Senior Vice President and Managing Director Edward Oprindick tells CPE.
Kennedy Wilson: $1.8B U.K. Deal ‘Is Our Largest’
Kennedy Wilson makes its biggest splash ever in the loan-acquisitions game with an agreement to acquire a performing portfolio from Bank of Ireland for a whopping $1.8 billion, with an eye toward continuing to acquire in the United Kingdom.
$1B Innkeepers Portfolio Sale Back on Track
Innkeepers USA Trust’s deal to sell a 64-hotel portfolio to a joint venture consisting of Cerberus Series Four Holdings L.L.C. and Chatham Lodging Trust as part of its Chapter 11 plan of reorganization is back on again.
Jersey City Office Tower Commands Record $378M for Brookfield
Multi-Employer Property Trust, a national real estate equity fund, raises its profile in the metropolitan New York City market.
Seniors Housing Portfolio Trades for $52M
With investors’ eyes on seniors housing these days, ownership of a three-property portfolio in Indiana became the latest to trade hands.
Africa Israel Sells Manhattan’s Clock Tower Building for $165 Million
The sale brings down the curtain on Africa Israel’s plan to convert the 267,000-square-foot property into high-end condominiums.
Global Direct Investment Up 43% This Year: Jones Lang LaSalle
Transactions in Europe, the Americas and the Asia Pacific region totaled $297 billion through the third quarter.
Kayne Anderson Takes 161-Unit Student Housing Complex Near USC
The $55 million property opened this fall.
Taconic Closes $220M Fund for CRE Assets in NYC
New York-based Taconic Investment Partners has closed on Taconic New York City Investment Fund L.P., an investment fund with $220 million in committed equity to acquire commercial properties in the NYC area.