Investment
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.
GLP Co-Invests with GIC on $8B IndCor Purchase
Global Logistics Properties Ltd. is making a big move into the United States industrial market by taking a 55 percent stake in a deal with GIC to buy IndCor Properties from Blackstone for $8.1 billion.
INTERNATIONAL: Starwood Acquires Quattro Business Park in Poland
Global private investment company Starwood Capital Group has acquired the 500,000-square-foot Quattro Business Park in Krakow, Poland, on behalf of Starwood Distressed Opportunity Fund X.
KBS REIT III Grabs 310 KSF Silicon Valley Office Property
KBS Real Estate Investment Trust III has stepped into the Silicon Valley market with the acquisition of Ten Almaden, a Class A office property in downtown San Jose.