Investment
Broad Street Development JV Buys M-F Portfolio Throughout Manhattan
A joint venture between Broad Street Development and Crow Holdings has acquired a two-property residential portfolio located between Manhattan’s SoHo and NoHo neighborhoods for $178 million.
Senior Housing Properties to Purchase 38 Senior Living Communities
Senior Housing Properties Trust has agreed to buy 38 senior-living communities for $790 million from CNL Lifestyle Properties, including assumption of debt.
Skanska Trades M-U Property in Seattle
National development company Skanska USA has sold its first Seattle property, Stone34, to a joint-venture buyer Unico Properties and the Laird Norton Co. for $70 million.
Another Big One: Vornado Sells Manhattan’s 1740 Broadway for $605M
Manhattan continues to lead the pack as the town with the biggest big-ticket office transactions in the U.S., as the 600,000-square-foot building at 1740 Broadway fetches roughly $1,000 per square foot. Vornado Realty Trust was the seller.
APF Takes Full Ownership of Building on Manhattan’s ‘Club Row’
APF Properties has taken 100 percent ownership of The Club Row Building at 28 W. 44th St., buying out the 80 percent equity stake previously held by its joint venture partner, Prudential Real Estate Investors.
CPA:18 – Global REIT Acquires Office Campus in Rotterdam
CPA:18 – Global, a non-traded REIT managed by W. P. Carey Inc., has acquired a two-building office campus in the Netherlands, in a sale-leaseback transaction with Royal Vopak, the world’s largest independent tank storage provider.
INTERNATIONAL: W.P. Carey Buys Build-to-Suit Distribution Facility in Poland
Global net-lease real estate investment trust W.P. Carey Inc. has acquired a new, 362,000-square-foot build-to-suit, light-industrial and distribution center in Opole, Poland.
DLC Purchases 518 KSF Power Center in Poughkeepsie, NY
DLC Management Corp. has acquired the Shoppes at South Hills, a 518,000-square-foot grocery-anchored power center in Poughkeepsie, N.Y., from Vornado Realty Trust.
CBRE Strengthens Commitment to Oklahoma, Buys Local Affiliate
CBRE Group Inc. has officially brought its Oklahoma affiliate into the fold. The global commercial real estate services firm recently acquired Tulsa-based CBRE | Oklahoma, after a 15-year relationship.
Blackstone Picks Up Twin Office Buildings in Dublin
lackstone Real Estate Partners Europe IV has increased its presence in Ireland with the acquisition of the Atrium buildings, two premier office structures in Sandyford, in Dublin’s south suburbs.