Mid-Atlantic
Hines Acquires Archstone Enterprises’ Interest in CityCenterDC Project
Hines has acquired Archstone Enterprises’ ownership interest in the two companies’ CityCenterDC mixed-use project, currently under construction in downtown Washington, D.C.
Cassidy Turley Secures $150M in Acquisition Financing for DC-Area Office Complex
Cassidy Turley secured the financing, in the form of a $150 million loan from a commercial bank, for the recent sale of the three-building, 689,000-square-foot Air Rights Center in downtown Bethesda, Md.
Midtown Manhattan Readies for 470 KSF Cutting-Edge Office Tower
The future is coming to Midtown Manhattan. A partnership comprising real estate company Hines, investment entity Pacolet Milliken Enterprises and institutional investors advised by J.P. Morgan Asset Management have broken ground on 7 Bryant Park, a premier office tower that will deliver 470,000 square feet of state-of-the-art office accommodations in the Bryant Park area.
CBRE Gets $1B in Financing for M-F Greystar, Goldman Portfolio Buy
How do you get your hands on a billion dollars? Greystar Real Estate Partners and Goldman, Sachs & Co. kicked off 2013 with the announcement of plans to snap up an 8,010-unit multi-family portfolio from Equity Residential for $1.5 billion, and now news emerges that CBRE Capital Markets’ Debt & Equity Finance group has helped the joint venture partners cull more than $1 billion to finance the acquisition.
Brickman, DivcoWest Acquire Three Manhattan Office Buildings
San Francisco-based real estate firm DivcoWest has partnered with a private equity firm headed by New York real-estate investor Bruce Brickman to acquire three office buildings in Midtown South from Einstein College at Yeshiva University.
JLL Tapped to Market 143-Branch SunTrust Net Lease Portfolio
Inland American REIT wants to sell its 143-branch SunTrust Net Lease Portfolio, and the real estate company has selected Jones Lang LaSalle’s Capital Markets Group to find a buyer for the group of assets, which is valued at more than $275 million.
Special Report: IPD Investment Forum: Managing Risk After the Credit Crisis
Today more than ever, real estate investment is all about interpretation of risk.
Suffolk Develops $400M BioMed Research Facility at UMass
The Albert Sherman Center, a 512,000-square-foot biomedical research and education facility, has opened at the UMass Medical School campus in Worcester, doubling the school’s research capacity.
SL Green Closes $900M Refinancing of Manhattan’s 1515 Broadway
SL Green Realty Corp. has done it again. New York City’s largest office landlord has refinanced its 1.8 million-square-foot office building at 1515 Broadway once again– to the tune of $900 million.
Strategic Hotels & Resorts Urged to Sell its Hotel Portfolio
Orange Capital, a New York-based investment firm, has urged Strategic Hotels & Resorts to sell its entire portfolio of high-end hotels and return the proceeds to shareholders.