News
SL Green Trades 3 Manhattan Assets for $656M
SL Green Realty Corp. is disposing of three Manhattan assets in separate deals totaling $656 million that will generate $240 million in cash proceeds for New York City’s largest landlord.
INTERNATIONAL: Carlson Rezidor Signs 5 New Hotels in Saudi Arabia
Carlson Rezidor Hotel Group is expanding its network in Saudi Arabia with the signing of five new projects.
Economy Watch: New Home Sales, Manufacturing PMI Drop
Sales of new single-family houses nationwide dropped 11.5 percent in July, compared to June. The Markit Flash U.S. Manufacturing PMI dropped to 56.3 in July, compared with 57.3 in June.
CNL Healthcare Buys Specialty Hospital for $76M
CNL Healthcare Properties, an Orlando-based REIT that focused on senior housing and healthcare facilities, recently announced the $76 million acquisition of the Houston Orthopedic & Spine Hospital campus (HOSH), representing the REIT’s largest single-property investment.
KPMG Centre to Gain High-Tech Transplants from San Diego
Omnitracs and ACTIVE Networks, two companies owned by Vista Equity Partners, a San Francisco-based private equity firm, recently announced their plan of relocating their HQ from San Diego to Dallas.
Chambers Street Properties Sells Shopping Center in UK for $63M
In order to focus its efforts on the industrial and office sector, Chambers Street Properties decided to sell its last retail property, Maskew Retail Park on the outskirts of Peterborough, United Kingdom, for $63 million.
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.
Principal Pays $75M For New M-F Asset in Petworth
Principal Real Estate Investors is expanding its portfolio of properties on the East Cost. The Des Moines-based company paid $75 million to acquire The Swift Apartments, a new Class A multifamily community in Washington, D.C.’s Petworth neighborhood.
CEB Takes 350 KSF at JBG’s Central Place in Rosslyn; 2018 Move is Eyed
The Corporate Executive Board is moving its global headquarters to Rosslyn. On Monday, July 21, CEB announced that, after months of negotiations, it has signed an agreement with the JBG Companies for 350,000 square feet of space at the new Central Place development. The move, however, will take place in 2018.
Carr, Invesco and JOSS Buy Capital-Area Office Properties
The Washington, D.C, office market continues to heat up. At the start of the month, First Potomac Realty Trust paid $41 million for the Class A office building at 1775 Wiehle Ave., in Reston. Just days later, Finmarc Management Inc. announced the $31.5 million acquisition of a two-building office portfolio in Alexandria. Now, three more office properties in the Washington, D.C. area have changed hands.