Investment
NYC Sees Strong RE Investment, Leasing Activity
New York City holds strong to its reputation as the world’s largest real estate investment market.
Executive Spotlight: David Antonelli, Bentall Kennedy
Early in his career, a well-meaning mentor suggested to David Antonelli that he might consider focusing on finance, rather than real estate, so he could easily transition between asset classes during variable economic times.
INTERNATIONAL: W. P. Carey Buys 31 Australian Industrial Properties for $138M
W.P. Carey has completed yet another international acquisition, closing a 20-year sale-leaseback deal with Inghams Enterprises Pty. Ltd., for a portfolio of 31 properties in the Australian market.
BCRE Acquires 627 Greenwich St. in Manhattan for $106M
Brack Capital Real Estate has closed on its $106 million purchase of a vacant, 12-story commercial building at 627 Greenwich St. in Manhattan’s West Village.
Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania
Hershey Trust Co. has traded Hershey Square Shopping Center in Hummelstown, Pa. to Heidenberg Property Group for an undisclosed amount.
DRA Sells Fort Lauderdale’s Broward Financial Center for $112M, Reels in $61M in Financing
DRA Advisors has sold Broward Financial Center in Fort Lauderdale to AGS Property Corp., and HFF did double duty on the $112 million deal.
Howard Hughes Corp. Lands $600M for Nation’s Largest LEED-ND Platinum Project
Blackstone knows a good a project when it sees one. It doesn’t get much better than The Howard Hughes Corp.’s Ward Village, a mixed-use master-planned community that will rise on 60 acres situated directly between downtown Honolulu and Waikiki on Oahu.
Avison Young to Acquire Colliers Affiliate in Miami
In the latest in its ongoing string of acquisitions, Avison Young will purchase Miami-based CRE brokerage and property management firm Abood Wood-Fay Real Estate Group (doing business as Colliers International South Florida).
Shubin Nadal, DRA to Rebrand 800 KSF Office, Industrial Property in L.A.
Shubin Nadal Realty Investors has teamed with DRA Advisors on the acquisition of the 44-acre Harman International Business Campus located in the heart of the San Fernando Valley area of Los Angeles, and will rebrand the property as “The Campus.”