Investment
Manulife, Allianz to Invest Up to $1B in U.S. CRE
Manulife Asset Management Private Markets has entered into an arrangement with Allianz to co-invest up to $1 billion in U.S. real estate.
Kimco Buys Out Blackstone in 39-Property Portfolio
Kimco Realty Corp. has acquired the remaining 66.6 percent interest in the 39-property Kimstone portfolio that it originally owned with a joint venture partner, a subsidiary of Blackstone Real Estate Partners VII, for $925 million.
Peak Campus Adds 3,155 Beds to Management Portfolio
Peak Campus Management has been selected as the property manager for a portfolio of five properties totaling 3,155 beds near Florida State University in Tallahassee.
BCB Buys Six-Building M-F Portfolio in Manhattan
An Upper West Side Portfolio, a group of six apartment buildings totaling 152 residences, has come under new ownership, courtesy of a transaction valued at approximately $81 million.
Crescent Communities Buys 2-Acre Site in Nashville’s Music Row to Build M-U Project
Crescent Communities has acquired a 2.1-acre site in Nashville’s iconic Music Row district with plans to develop a mixed-use community containing 275 luxury apartments and street-front retail space.
MetLife Acquires Fairmont Hotel in DC
The 415-room Fairmont Hotel in Washington, D.C., has changed hands, with MetLife, Inc. buying the luxury property from Ivanhoe Cambridge for $180 million.
INTERNATIONAL: Avison Young Secures Second German Investment
After launching its presence in Germany with the opening of a new office in Frankfurt on Dec. 1, Avison Young has advised two Canadian pension funds in the acquisition and financing of a second mixed-use property in Germany.
Rosemont Adds Kirkwood Tower to Houston Office Holdings
Rosemont Realty has expanded its Houston holdings to nearly 2.5 million square feet with the addition of Kirkwood Tower, a 15-story Class A office tower in the city’s Energy Corridor.
Carroll Organization Buys 319-Unit Class A Property in Houston
Carroll Organization has acquired City Lake, a best-in-class 319-unit apartment complex in Houston that it has renamed ARIUM City Lake.
CBRE Expands Valuation Biz with Acquisition of IVI International
Let the consolidation games continue. Like all of the major commercial real estate services firms, CBRE Group Inc. continues to enhance its offerings through the procurement of smaller firms, and IVI International Inc. is the company’s latest acquisition.