Regions
Executives Think Globally, Offer Upbeat Outlook: CPE 100 Quarterly Sentiment Survey
By Paul Rosta, Senior Editor As commercial real estate becomes increasingly global, the latest CPE 100 Quarterly Sentiment Survey confirms that a growing number of industry executives are thinking beyond American borders. One-third of respondents to the second-quarter survey said the global real estate market has become more important to their business in the past 12 months, while half of respondents said the global market’s impact on their businesses remains unchanged. The executives surveyed said that investment and investment management offer the greatest potential during the next 12 to 18 months. Nearly six in 10 cited these sectors as offering…
Prudential JV Sells Residential Portfolio in Berlin for $105M
A joint venture between Prudential Real Estate Investors and Kauri CAB Management GmbH has sold a portfolio of 25 residential ‘Altbau’ buildings located within the S-Bahn ring of Berlin for $105 million.
MetLife, Norges Bank Buy One Beacon St. Tower in Boston for $561M
In its fourth major acquisition in just eight months, a JV between MetLife Inc. and Norges Bank Investment Management has bought One Beacon St., a 34-story, Class A office tower in downtown Boston’s financial district.
Capri Capital, TruAmerica Buy 464-Unit Apartment Complex in LA’s Koreatown for $283M
All eyes are on The Vermont, a 464-unit high-rise apartment community in the increasingly trendy Koreatown area of Los Angeles, now that the new luxury property has been picked up for $283 million, the largest multi-family, mixed-use transaction in California year to date.
INTERNATIONAL: Heydar Aliyev Center in Azerbaijan Snags Design of Year Award from London Design Museum
The striking architecture of Azerbaijan’s mixed-use center lands the project the Design of the Year award from The London Design Museum.
Illinois Medical District’s $300M Gateway Center Moves Forward
After an earlier proposal was withdrawn last year by its developer, a beefed-up 1.2 million-square-foot mixed-use project in the Illinois Medical District on Chicago’s West Side has been approved by the district’s coordinating body.
JLL Secures $152M in Debt for 1 MSF California Center Office Campus in East Bay Area
JLL has obtained $152 million in debt financing from Starwood Property Trust for Swift Real Estate Partners’ acquisition of the 1 million-square-foot California Center office campus in Pleasanton, Calif.
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.
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.
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