Investment
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.
PwC: Investor Interest in Offices, Apartments to Gain Steam Next Year
Investor interest in the office market will gain some steam in 2012, as per results of the PricewaterhouseCoopers’ Real Estate Investor Survey, and the apartment sector will continue to attract a great deal of attention — as well as development dollars.
Equity One Sells 36 Shopping Centers for $473M to Blackstone
Continuing its capital-recycling strategy and the refocusing of its portfolio, Equity One has completed the sale of a 3.9 million-square-foot shopping-center portfolio to Blackstone Real Estate Partners.
SL Green Gets $86M Loan for Stamford's Landmark Square
SL Green Realty Corp., with Cushman & Wakefield Sonnenblick Goldman acting as its adviser, just received an $86 million senior mortgage for Landmark Square in Stamford, Conn.
PS Business Parks Buys $520M NoCal Industrial Portfolio from RREEF
PS Business Parks has purchased an 18-site Northern California industrial portfolio from RREEF America REIT II and its affiliate Northern California Industrial Portfolio for an aggregate $520 million.
Prologis Contributes $293M to Mexican Industrial Portfolio
Prologis continues to make big moves in Mexico with the contribution of a $293 million portfolio of industrial properties to Prologis Mexico Fondo Logistico, its Mexican co-investment venture.
HFF Arranges Funding for Boston-Area Mall, Houston Hotel
In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.
Developers Find Financing for Projects
Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.