Regions
BCB Buys Six-Building M-F Portfolio in Manhattan
An Upper West Side Portfolio, a group of six apartment buildings totaling 152 residences, has come under new ownership, courtesy of a transaction valued at approximately $81 million.
MetLife Acquires Fairmont Hotel in DC
The 415-room Fairmont Hotel in Washington, D.C., has changed hands, with MetLife, Inc. buying the luxury property from Ivanhoe Cambridge for $180 million.
INTERNATIONAL: Avison Young Secures Second German Investment
After launching its presence in Germany with the opening of a new office in Frankfurt on Dec. 1, Avison Young has advised two Canadian pension funds in the acquisition and financing of a second mixed-use property in Germany.
INTERNATIONAL: Fujisawa Sustainable Smart Town Opens Near Tokyo
Japan’s Fujisawa City has gotten an eco-friendly and progressive community located on the outskirts of Tokyo, called the Fujisawa Sustainable Smart Town.
INTERNATIONAL: Starwood Acquires Quattro Business Park in Poland
Global private investment company Starwood Capital Group has acquired the 500,000-square-foot Quattro Business Park in Krakow, Poland, on behalf of Starwood Distressed Opportunity Fund X.
KBS REIT III Grabs 310 KSF Silicon Valley Office Property
KBS Real Estate Investment Trust III has stepped into the Silicon Valley market with the acquisition of Ten Almaden, a Class A office property in downtown San Jose.
Hudson Pacific Properties to Buy $3.5B Blackstone Office Portfolio
In a stock-and-cash transaction valued at $3.5 billion, Hudson Pacific Properties has agreed to acquire Equity Office Properties’ approximately 8.2 million-square-foot San Francisco Peninsula and Silicon Valley office portfolio from Blackstone Real Estate Partners V and VI.
Acadia Takes Majority Stake in Chicago High-Street Retail Property
Acadia Realty Trust has added a high-street gem to its core portfolio with the acquisition of an 88.4 percent stake in 840 N. Michigan Ave. in Chicago.
INTERNATIONAL: Brookfield Multiplex to Redevelop Australia’s Largest Hotel
M&L Hospitality tapped Brookfield Multiplex to expand and renovate the Four Points by Sheraton Sydney, Australia’s largest lodging facility.
INTERNATIONAL: Madison International Acquires 50% Stake in London Office Complex
Madison International Realty has grabbed a 50 percent ownership stake in The Houndsditch Estate, in London, from TIAA Henderson Real Estate.