Mid-Atlantic
KS Partners Buys New Boston’s $65M Hartford-Area Office Portfolio
New Boston Fund Inc., of Boston, has sold to KS Partners, of Woburn, Mass., an eight-building office portfolio in suburban Hartford, Conn., for $65 million.
1.4 MSF National Industrial Portfolio Pulls in a Rumored $80M
The Columbia Portfolio, a nearly 1.4 million-square-foot group of industrial properties, has changed hands and the word on the street is that it fetched $80 million.
Xinyuan Buys Brooklyn Land, Plans $54.2M Condo
Beijing’s Xinyuan Real Estate, acting through its U.S. division, XIN Development Group International Inc., has made its entrée into the U.S. multi-family market with the $54.2 million acquisition of a development site in Brooklyn, N.Y.
JV Nabs $430M Times Square Gateway Development Site
Construction of the first mixed-use development in Times Square in 25 years can move ahead now that a joint venture of Maefield Development, Infinity Urban Century, The Witkoff Group and New Valley has completed the $430 million acquisition of the site.
Clarion Partners Joins Honest Buildings Network as Its Largest Owner
Clarion Partners has joined the Honest Buildings network as the latter’s largest property owner and manager.
ULI Special Report: Emerging Trends Respondents Optimistic About Recovery
Optimism permeated the Emerging Trends in Real Estate results this year, with respondents finding a marked improvement over last year. Researchers gave reporters a sneak peak Wednesday during the ULI Fall Meeting.
SJP Properties Breaks Ground on $500M Redevelopment of Historical The Modern
SJP Properties will officially break ground today on the redevelopment of the infamous The Modern site, which dates back to the 1900s and includes uses for silent films, bribery scandal involvement and Helmsley ownership.
$75M Renovation Produces Westin New York Grand Central
Westin Hotels & Resorts has opened a flagship property in the heart of midtown Manhattan, following a $75 million renovation to the former New York Helmsley Hotel.
A Monumental U.S. Property Fund Index
A webinar hosted by the Pension Real Estate Association and Investment Property Databank this week unveiled the consultative release of the new Index for the second quarter of 2012, which encompasses the entire risk spectrum of core, value-add and opportunistic strategies, as well as both diversified and sector specific funds.
Northwood Investors Buys Metro Denver’s 900 KSF Southlands Town Center
Northwood Investors of New York has acquired a 900,000-square-foot outdoor lifestyle center in Aurora, Colo.