Investment
Starwood Closes Acquisition of 7 Malls from Taubman for $1.4B
Affiliates of Starwood Capital Group have acquired seven regional shopping malls totaling more than 7 million square feet of retail from Taubman Centers.
Trinity Capital Advisors and DRA Advisors JV Acquires 584 KSF 400 South Tryon
Trinity Capital Advisors has been heating up the Charlotte commercial real estate market of late.
Hines Buys Suburban Phoenix Site with Plans to Replace Eyesore with M-U Project
Hines has made a purchase that will soon bring a sigh of relief to many residents of the City of Chandler, roughly 25 miles outside of Phoenix.
Prescott Sells 242 KSF Office Complex in Fort Worth,Texas
Investment sales activity continues at a solid pace and Prescott Realty Group’s sale of Summit Office Park is among the latest transactions.
CBRE Global Investors Fund Buys 11-Building Miami Office Park
Strategic Partners U.S., an affiliate of CBRE Global Investors, has acquired Airport Corporate Center, a 45-acre office park, from Hines REIT Airport Corp.
Hillwood Expands into Canada, Europe
Hillwood is entering the Canadian real estate market, with plans to build the largest speculative industrial development in Alberta. The company also unveiled plans to enter the European logistics real estate market, with $1.3 billion worth of investments over the next three to four years.
INTERNATIONAL: Brookfield Canada Grabs Brookfield Place Calgary East Tower
Brookfield Canada Office Properties has bought Brookfield Place Calgary’s 56-story office tower, which is currently under construction.
Estoppel Certificates: Achieving Certainty
By Manuel Fishman, Real Estate Attorney, Buchalter Nemer: In most every acquisition of a commercial property, the prospective buyer will require that the property’s tenants execute an estoppel certificate. Be sure the right language is included.
Boylston Gets $57M in Financing for 157-Key Boston Hotel
Residence Inn Boston/Back Bay Fenway has been attracting the attention of Boston visitors since its opening last year, and now the 175-key extended-stay property has caught the eye of the lending community.
Deka Immobilien, Ashkenazy Acquisition JV Buys Manhattan Retail Condo
German real estate company Deka Immobilien GmbH and Ashkenazy Acquisition Corp. have teamed up for the first time to acquire a two-level luxury retail condominium at 522 Fifth Ave. from Morgan Stanley.