Investment
Colliers Expands European Footprint with Acquisition of France’s AOS Group
Colliers International has just boosted its presence in the EMEA region by 20 percent–and established a notable base of operations in France and Belgium–with the acquisition of a controlling interest in Paris-based AOS Group.
Hilton Sells Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. Ltd. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings Inc. for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Ivanhoé Cambridge JV to Invest $500M in Mexican M-U Development Projects
It’s a trip from North of the Border to South of the Border, with a step in between. Ivanhoé Cambridge JV will invest in the development of mixed-use urban communities in some of Mexico’s main cities.
NorthPoint Buys 285 KSF Office Tower in Downtown Kansas City
NorthPoint Development has acquired The Power & Light Building, an iconic 30-story office tower in downtown Kansas City, from Gailoyd Enterprises Group, with plans to convert the property into a mixed-use development with 200 apartments.
Carey Watermark Investors Buys Florida Resort & Spa
Carey Watermark Investors has acquired the Sawgrass Marriott Golf Resort & Spa, a 511-unit resort in Ponte Vedra Beach, Fla., from an affiliate of Goldman Sachs and Petra Capital Management.
Anbang Acquires Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
INTERNATIONAL: Karlin Grabs Retail Portfolio in Spain, Portugal from Redevco
L.A.-based Karlin Real Estate has acquired a portfolio of more than 247,000 square feet of retail properties located in Spain and Portugal from developer-investor Redevco.
BRP, Goldman Sachs JV to Leverage Residential Development in NYC, NJ
BRP Cos. is launching a $75 million investment fund that will leverage upwards of $250 million of new residential development in the New York City metro area and New Jersey.
Executive Spotlight: Jim Postell, Transwestern
Jim Postell built two regional commercial real estate offices from the ground up in his home state of New Jersey, the first for Trammell Crow Co. and the second for Transwestern. That office was recently recognized as New Jersey’s “Best Place to Work” by NJBIZ.
AXA Acquires M-U Office Asset in Tokyo
AXA Real Estate Investment Managers has bought the Nishi Shinjuku KF Building in central Tokyo.