Investment
Pebblebrook Grabs The Nines Hotel in Portland, Ore.
In order to further expand its presence in downtown Portland, Ore., Pebblebrook Hotel Trust has acquired The Nines Hotel for $127 million.
Venterra Secures Acquisition Financing for Suburban Houston M-F Property
Venterra Realty has added a Houston-area fractured condominium property to its portfolio, the 332-unit Fairways at South Shore in League City, Texas.
CBRE Buys U.S. Equities, Combines Chicago-Area Operations
Commercial real estate giant CBRE Group acquired the 36-year-old boutique U.S. Equities to bolster its presence in Chicago and expand its relationships with property owners.
Tishman Speyer Buys 233 KSF London Office
London calling. Tishman Speyer acquires its second office property in the U.K. capital in three months with the purchase of The Point, a 232,800-square-foot office building in the Paddington area of the city’s West End.
ARC Affiliate Buys 154 KSF Office Building in Princeton, NJ, Area from Ivy
An affiliate of American Realty Capital has purchased 100 College Road West, a Class A office building in the Princeton submarket of Plainsboro, N.J., for $63 million from Ivy Realty.
LaSalle Buys 1.2 MSF Office Park in Indianapolis
A LaSalle Investment Management fund has made its first acquisition in Indianapolis, purchasing the 1.2 million-square-foot Precedent Office Park in the Keystone Crossing submarket.
Hertz Buys Bank of America Tower in Jacksonville from Parmenter for $88M
Hertz Investment Group has paid Parmenter Realty $88 million for the tallest building in Jacksonville, the 42-story Bank of America Tower.
Invesco Grabs 558 KSF Denver Office Building
Invesco Real Estate has snapped up Park Central, a 558,000-square-foot office property in Denver’s central business district, for a whopping $213 million.
TruAmerica Buys M-F Portfolio in Colorado, Washington for $229M
TruAmerica Multifamily continues building its West Coast apartment holdings with the $229 million acquisition of a 1,514-unit portfolio in Colorado and Washington from Berkshire Group.