Investment
INTERNATIONAL: Blackstone’s LogiCor to Acquire 18 Logistics Properties in Europe for $375M
In an approximately $375 million deal, Blackstone’s industrial arm LogiCor has agreed to expand its portfolio with the acquisition of 18 logistics facilities in eight European countries.
TA Associates Buys M-F Portfolio in Metro Phoenix for $75M
Two apartment complexes in metro Phoenix have been purchased by TA Associates for a total of $75 million.
Hugh Kelly: Key Issues from the CRE Top 10
Counselors of Real Estate 2014 Chair Hugh Kelly discusses some poignant considerations for real estate that are part of the annual top 10 list, presented at NAREE’s 48th annual conference, which took place in Houston in June.
Executive Spotlight: Josh Champion, Carroll Organization
Since joining the Carroll Organization three years ago, Josh Champion has dived headfirst into the task of growing its multi-family investment portfolio, now valued at more than $1 billion.
King Street Properties Acquires $112M, 2-Building Lab Project
King Street Properties has plans for a two-building, 284,200-square-foot laboratory redevelopment project in Cambridge, Mass., the leading life sciences hub in the country, and a new financing deal is helping the developer bring the goal to fruition.
INTERNATIONAL: IHG, Hilton Worldwide Expand Operations in UAE
InterContinental Hotels Group and Hilton Worldwide will both be expanding their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton has officially opened a new Dubai hotel.
KBS REIT II Sells Chicago Office Building to Irvine Co. for $850M
In what CoStar called the largest single-building office transaction in Chicago history, KBS REIT II has sold 300 N. LaSalle to the Irvine Co. for $850 million.
Loews Hotels & Resorts Buys 255-Key Graves 601 Wyndham Grand in Minneapolis
Loews Hotels & Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis.
Bridge Development Buys 17 Acres in Florida to Build Industrial Facility
Bridge Development Partners makes plans for its third speculative industrial project in South Florida in less than one year with the acquisition of 17 acres in Hialeah Gardens, Fla.
DSF Group Acquires M-F Complex in Massachusetts for $108M
DSF Group has acquired Avalon Danvers, a 433-unit multi-family complex in the northeastern Massachusetts town of Danvers, for $108 million from Avalon Bay Communities.