Investment
Fosun, JLL Team Up to Lease NYC’s One Chase Manhattan Plaza
A year after acquiring One Chase Manhattan Plaza for $725 million, Fosun Property Holdings is nearing completion of the 2.2-million-square-foot Manhattan tower’s repositioning and has enlisted JLL to facilitate leasing.
Madison International Acquires 50% Stake in Oslo Luxury Retail Center
Madison International Realty has acquired a 50 percent stake in The High Street Shopping Co., a major retail shopping development in Oslo, Norway, from Schage Eiendom.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center.
Executive Insights: Daniel Kline, Delancey Street Capital
Daniel Kline, founder of Delancey Street Capital, talks about the Baltimore Class B and C multi-family market.
Rockpoint Group Closes Fund with Nearly $1B in Commitments
Rockpoint Group has closed its Core Plus Fund I, which was not formally marketed, with $950 million of equity commitments.
NorthStar to Buy 7,000-Room Hotel Portfolio from Inland American for $1.1B
NorthStar is buying a 7,000-room portfolio of upscale extended stay and select service hotels from Inland American Real Estate Trust.
TIAA-CREF, TIAA Henderson Close Value-Add M-F Fund
TIAA-CREF and TIAA Henderson Real Estate closed their CASA fund with a $420 million price target in value-add workforce housing.
EdR Acquires 900-Bed Student Housing Property Near ASU for $90M
The property first opened its doors to residents in August 2013, offering 279 units laden with the high-end amenities that are fast becoming a prerequisite among the student population.
Lionstone Snaps Up 650 KSF San Diego Tech Center
Lionstone Investments acquired the trophy property from Beacon Capital Partners, which paid $152.2 million for the asset in 2012.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.