Investment
Brookfield Properties Picks Up 650 Mass Ave. in D.C. for $113M
The flurry of office transactions in Washington, D.C., continued with Brookfield Office Properties’ purchase of 650 Massachusetts Ave., N.W. Brookfield plunked down $113 million in cash to buy the property from Washington Television Center L.L.C.
Economy Watch: Pending Home Sales Show Some Life
Pending home sales spiked unexpectedly in October, according to the National Association of Realtors on Thursday. Foreclosed properties made up a large proportion of those sales. Meanwhile, retail performed well in November.
Madison Appoints Carroll as Managing Director
In his new position, Bradley Carroll will create and implement business development strategies and source prospective investments, mostly in major U.S. markets. He comes to Madison from Tishman Speyer Properties, where he most recently served as managing director overseeing portfolio and asset management for three emerging market real estate funds.
Grubb & Ellis Healthcare REIT II Buys 45,000-SF North Carolina MOB
Grubb & Ellis Healthcare REIT II is actively looking to raise as much as $3 billion in equity in order to bolster its property portfolio.
Federle Joins NorthMarq’s San Francisco Office as SVP/Managing Director
Federle’s addition is part of NorthMarq’s investment sales expansion initiative.
Colliers’ “Global Property Clock”: Global Prospects Improved for 2011, Yet Guarded
Investors around the world like their chances of escaping a double-dip recession, but otherwise expectations for 2011 range all over the map, according to a new Colliers International report.
Emerging Trends: The Era of Less
Emerging Trends Leaders Jonathan Miller, Mitchell Roschelle and Stephen Blank discuss the 2010 results and what they implicate for the commercial real estate business during the Urban Land Institute 2010 Fall Meeting.
Kilroy Grabs 588,000 SF with $237.5M Purchase of Two West Coast Properties
The biggest catch of the two purchases is 100 First Plaza, a 466,000-square-foot office asset for which the REIT paid $191.5 million.
Douglas Emmett Snags Premier 310,100-SF Los Angeles Office Property for $111M
Approximately one month after a bankruptcy court gave the green light for Douglas Emmett Inc. to acquire the 310,000-square-foot Wilshire Bundy Plaza in West Los Angeles, the deal is now done.
Ventas Portfolio, Profile to Swell with $3.1B Atria Purchase
A new deal is turning heads in the seniors housing market, a deal that will put Ventas Inc. at the very head of the table: namely, the healthcare REIT’s definitive agreement to acquire 118 premier properties from Atria Senior Living Group, the nation’s fourth-largest assisted living property operator, in a transaction valued at $3.1 billion.