Investment
CBRE Global Investors Fund Buys 11-Building Miami Office Park
Strategic Partners U.S., an affiliate of CBRE Global Investors, has acquired Airport Corporate Center, a 45-acre office park, from Hines REIT Airport Corp.
Hillwood Expands into Canada, Europe
Hillwood is entering the Canadian real estate market, with plans to build the largest speculative industrial development in Alberta. The company also unveiled plans to enter the European logistics real estate market, with $1.3 billion worth of investments over the next three to four years.
INTERNATIONAL: Brookfield Canada Grabs Brookfield Place Calgary East Tower
Brookfield Canada Office Properties has bought Brookfield Place Calgary’s 56-story office tower, which is currently under construction.
Estoppel Certificates: Achieving Certainty
By Manuel Fishman, Real Estate Attorney, Buchalter Nemer: In most every acquisition of a commercial property, the prospective buyer will require that the property’s tenants execute an estoppel certificate. Be sure the right language is included.
Boylston Gets $57M in Financing for 157-Key Boston Hotel
Residence Inn Boston/Back Bay Fenway has been attracting the attention of Boston visitors since its opening last year, and now the 175-key extended-stay property has caught the eye of the lending community.
Deka Immobilien, Ashkenazy Acquisition JV Buys Manhattan Retail Condo
German real estate company Deka Immobilien GmbH and Ashkenazy Acquisition Corp. have teamed up for the first time to acquire a two-level luxury retail condominium at 522 Fifth Ave. from Morgan Stanley.
IMT Buys 338-Unit M-F Property in Denver from Wood, CBRE
IMT Capital and affiliate IMT Residential have purchased Alta Alameda Station, “a luxurious and eco-conscious apartment home community” in Denver’s South Broadway neighborhood.
Continental Capital Acquires 4-Building Office Portfolio in Raleigh-Durham
Continental Capital Partners has acquired four office buildings in Raleigh-Durham from the Dilweg Cos.
INTERNATIONAL: Tristan Capital, STAM Europe Open $130M Office Campus in Central Paris
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
W.P. Carey Buys 236 KSF R&D Facility in Metro Boston
W. P. Carey has acquired for about $56 million the U.S. headquarters and R&D facility of Schneider Electric USA Inc.