Investment
Eastdil Secured to Go Private in Management Buyout
The financial services firm will sell its majority stake to Eastdil Secured’s management in partnership with Temasek Holdings and Guggenheim Investments. The deal is expected to close later this year.
RioCan to Acquire Full Ownership of 1 MSF Toronto Mixed-Use Asset
The deal consolidates the company’s ownership of Yonge Sheppard Centre while also giving the seller, KingSett Capital, a $75 million stake in the investment trust.
Kingsbarn Realty Capital Sells CA Asset
Boyd Watterson Asset Management purchased the 77,790-square-foot office building located in Camarillo for $15.6 million. The fully occupied asset came online in 1985.
Billionaire Buys Former McDonald’s HQ Campus
The quick-service restaurant chain sold the 80-acre site in Oak Brook, Ill., to John Paul DeJoria, following the company’s move to downtown Chicago last year.
Rubenstein Partners Buys CT Office Tower for $163M
The half-million-square-foot building in Stamford’s central business district was originally built to house the headquarters of the seller, the Royal Bank of Scotland.
Starwood Capital JV Acquires Sydney Office for $307M
Centuria and BlackRock had owned The Zenith, a two-building office complex in the city’s Lower North Shore, since 2016. The deal marks Starwood’s single largest transaction to date in Australia.
Call for Submissions: Be Part of CRE’s Most Popular Global Survey
Contribute to a high-profile global report on market sentiment that international policymakers and top organizations use to set their agenda.
SunCap Opportunity Fund Buys Orlando-Area Industrial Center
The company paid $14.9 million to acquire the eight-building, 185,000-square-foot facility in Seminole County. A CBRE team assisted the seller in the disposition.
Discovery Labs Plans $500M Philly-Area Coworking Campus
Newly established by MLP Ventures, the platform company will redevelop two campuses in King of Prussia into a 1.6 million-square-foot ecosystem for health-care, life sciences and technology-enabled businesses.
LevelTen Energy Matches Starbucks’ Portfolio PPA
The current deal marks the first time a corporate buyer simultaneously procures a fraction of the power generated by multiple new projects.