Investment
INTERNATIONAL: Hyatt Sells Hotel in Vancouver, Builds New Lodging in Naha
Hyatt Hotels Corp. is selling the 644-key Hyatt Regency Vancouver and plans to develop a new Regency branded hotel in Naha, Japan.
Blackstone Partners on $1.2B Investment Platform for M-U Portfolio in Singapore
Blackstone’s Tactical Opportunities Fund has committed to making a notable investment in Singapore.
C&W’s Purchase of Massey Knakal–Consolidation Trend in Commercial Brokerage
Cushman & Wakefield put the capital markets industry on notice this week with the surprising acquisition of Massey Knakal Realty Services, for a reported $100 million.
Fundrise, Larson Realty JV to Redevelop Detroit’s Former Tiger Stadium
Larson Realty Group and its development group that includes Fundrise, a leading real estate crowdfunding platform, have been chosen to redevelop the Michigan and Trumbull blocks of the former Tiger Stadium in Detroit into a mixed-use project.
Greystone Buys Harlem Land Parcels for M-U Development
Greystone is giving Harlem, New York, a real estate boost by purchasing four adjacent land parcels in the area with the intent of turning them into a mixed-use project.
Five Mile Capital Buys 32-Story Office Tower in Atlanta
Five Mile Capital Partners has acquired 100 Peachtree, a 32-story iconic office tower in Atlanta, from America’s Capital Partners.
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.