Investment
A $76M Sale, a Possible Revival for D.C.’s Watergate
Penzance has just purchased its own slice of American history for the price of $76 million, picking up one of the two office towers in the iconic Washington, D.C.-based Watergate complex.
Impactful Women
Five remarkable women were awarded CREW Network’s 2011 Impact Awards. CPE offers videotaped insights and written profiles of these pioneers, negotiators and mediators — specializing in development, service and finance.
Cassidy Turley Secures $95M Permanent Financing for Class A Building in Washington, D.C.
Cassidy Turley has secured a $95 million permanent loan for the McPherson Building, which overlooks Washington, D.C.’s McPherson Square Park.
Penzance, American Realty JV for D.C.’s 1130 Connecticut Ave.
Penzance finds a new partner in the ownership of the Class A office tower at 1130 Connecticut Ave. in Washington, D.C., through the establishment of a new joint venture with American Realty Advisors. ARA purchased a stake in the building previously owned by Greenstreet Real Estate Partners.
$85M for 3-Building Indianapolis Office Portfolio
Despite “weak” demand for suburban Midwest office properties, an institutional investor has snapped up Intech I, II and III, a 433,972-square-foot portfolio in the Northwest market of Indianapolis, for $85 million.
NYU Schack Special Report: Sternlicht on Real Estate
Barry Sternlicht talks with James Kuhn at the NYU Schack Capital Markets conference about branding, global investment and more.
NYU Capital Markets Special Report: Opportunity in Distress
This year’s Capital Markets in Real Estate conference by the NYU Schack Institute took on a decidedly positive note, with industry leaders seeing investment opportunities for CRE.
$280M Mortgage for FiDi Office Through SL Green, Moinian JV
A joint venture of SL Green and The Moinian Group announced it has recapitalized 180 Maiden Lane, a fully leased, 1.1 million-square-foot Class A office tower on New York’s Downtown waterfront.
Investcorp Buys $40M Mezz Debt on NYC’s Paramount Hotel
Investcorp has picked up two existing mezzanine loans — a total principal balance of $40 million — backed by New York City’s Paramount Hotel and originated by Fillmore Capital Partners.
9-Property, $71M Multi-Family Sale in Florida, Texas
An unnamed California-based investment firm has made its first foray into the world of Texas and Florida multi-family properties with a $70.9 million, nine-property sale arranged by Marcus & Millichap.