Investment
Durst JV Invests $1.5B in Astoria, Queens
Best known for developing and managing Manhattan office towers, The Durst Organization is investing $1.5 billion in a residential and retail development at Hallets Point on the Astoria, Queens, waterfront.
John Hancock Buys Office Tower in Chicago’s CBD
John Hancock Real Estate has acquired 55 W. Monroe, an 804,214-square-foot Class A office building located in Chicago’s Central Business District’s Central Loop.
Sabra Pays Half-Billion for 21-Property Portfolio
Sabra Health Care REIT Inc. has just reconfigured its portfolio in one fell swoop with the acquisition of 21 independent living facilities from affiliates of Holiday Acquisition Holdings.
DDR Sells Shopping Center Portfolio in Utah for $223M
In an off-market transaction worth $223 million, DDR Corp. has sold to Excel Trust a portfolio of three shopping centers in the Salt Lake City area.
Champion, Long Wharf Sell 800 KSF Group of Suburban Dallas Office Buildings
Champion Partners and Long Wharf Real Estate Partners have sold an 800,000-square-foot group of Class A office buildings in Richardson, just outside of Dallas, to Spear Street Capital.
INTERNATIONAL: AMP, Billbergia Sell Landmark Site in Brisbane
AMP Capital Select Property Portfolio No.3 (SPP3) and Billbergia have agreed to sell part of the former Vision tower site in Brisbane’s CBD to the owner of Felicity Hotel Group, which plans to develop a five-star hotel on the property.
Shorenstein Grabs 4-Building Tech Campus in North San Jose for $100M
Shorenstein Properties has acquired four buildings in Champion Station from TMG Partners for a reported $100 million.
First Potomac Buys 11 Dupont Circle
First Potomac Realty Trust is adding to its Washington, D.C., office holdings with the purchase of 11 Dupont Circle, a nine-story, 155,713-square-foot mixed-use building.
CBRE Global Investors Fund Acquires 28-Story Boston Office Tower
A fund sponsored by CBRE Global Investors has acquired 100 High St., a 546,336-square-foot, 28-story office building with a 273-space, three-level, on-site subterranean parking garage situated in the heart of Boston’s Financial District.
Madison International Realty Ups Stake in Oslo Office Complex for $110M
Madison International Realty acquired an additional 59.5 percent interest in the Statoil office complex in Oslo, Norway.