Investment
INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco
L.A.-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet of retail properties located in Spain and Portugal from developer-investor Redevco.
BRP, Goldman Sachs JV to Leverage Residential Development in NYC, NJ
BRP Cos. is launching a $75 million investment fund that will leverage upwards of $250 million of new residential development in the New York City metro area and New Jersey.
Executive Spotlight: Jim Postell, Transwestern
Jim Postell built two regional commercial real estate offices from the ground up in his home state of New Jersey, the first for Trammell Crow Co. and the second for Transwestern. That office was recently recognized as New Jersey’s “Best Place to Work” by NJBIZ.
AXA Acquires M-U Office Asset in Tokyo
AXA Real Estate Investment Managers has bought the Nishi Shinjuku KF Building in central Tokyo.
Cominar Acquires $1.2B CRE Portfolio from Ivanhoé Cambridge
Cominar Real Estate Investment Trust has acquired a real estate portfolio of 14 properties in Québec and Ontario from Ivanhoé Cambridge Inc. for $1.2 billion.
Partners Group Breaks Record with Closing of $1.9B Secondaries Program
Switzerland’s Partners Group has made history with the closing of Partners Group Real Estate Secondary 2013 at its hard cap of $1.9 billion.
RCS to Acquire Cole Capital for $700M
American Realty Capital Properties is selling Cole Capital to sister company RCS Capital Corp. for at least $700 million in a deal described as “strategically and financially important to RCAP.”
Cornerstone Grabs 368-Unit M-F Community in Stamford, Conn.
Cornerstone Apartments Property Owner has acquired Cornerstone at Bedford, a 13-story apartment community in Stamford, Conn., for $75 million from Fairfield Bedford.
Tishman JV Buys Historic Midtown South Building
A joint venture between Tishman Speyer and The Cogswell-Lee Development Group has purchased 183 Madison Ave., an Art Deco office building in Manhattan’s Midtown South office district.
Why Sell Now?
By Robert Bach, Director of Research – Americas, Newmark Grubb Knight Frank: It’s a seller’s market right now for most property types.