Investment
Zurich Alternative Buys 174-Unit M-F Complex in Silicon Valley for $87M
Zurich Alternative Asset Management has grabbed a premier apartment community in San Jose with a premier price tag.
INTERNATIONAL: Kempinski Hotels Buys Famed ‘Hotel Rwanda’
Kempinski Hotels has bought the iconic Hôtel Des Milles Collines in the capital city of Kigali, Rwanda that was made famous by the film “Hotel Rwanda” in the early 2000’s.
Blackstone to Acquire Majority Stake in Service King Collision Repair Centers from Carlyle
Two years after its acquisition of Service King Collision Repair Centers helped drive growth of the firm into one of the nation’s largest independent chains of automobile body repair centers, The Carlyle Group has sold its majority stake to Blackstone.
Ramco-Gershenson Grabs 2 Midwestern Malls for $150M
Ramco-Gershenson Properties Trust has acquired two community shopping centers, one in the Twin Cities area and the other in metro Cincinnati, for $150 million.
CIT to Buy OneWest Bank for $3.4B
Calling it a “transformational transaction,” CIT Group Inc. chairman & CEO John Thain said the New York-based commercial lender would more than double in size if the planned $3.4 billion acquisition of Southern California’s OneWest Bank, N.A. is approved by federal regulators.
Related Fund Management Grabs Fort Lauderdale Condo Hotel for $90M
An affiliate of Related Fund Management, headed by current Miami Dolphins owner Stephen Ross, has acquired the W Fort Lauderdale Hotel, a 346-key hotel in South Florida, from Capri Resorts, for $90 million.
Harbor Group Sells 415 KSF Times Square Office Tower for $250M
Harbor Group International has sold 1412 Broadway, a 24-story, 415,135-square-foot office tower in Manhattan, for $250 million.
CBRE Acquires PKF Consulting
CBRE Group Inc. has acquired PKF Consulting USA, an international advisory, consulting and research firm providing services to the hospitality, real estate and tourism industries.
Formation, Safanad JV Buys Nursing Facilities Portfolio for $150M
Formation Capital and Safanad Ltd. have acquired a portfolio of 14 skilled nursing facilities in the mid-Atlantic region for approximately $150 million.