Regions
KBS Buys 2 Office Buildings Totaling 490 KSF for $187M in Bellevue, Wash.
KBS has snapped up The Plaza Buildings, two office towers encompassing 490,000 square feet in Bellevue, Wash., for $186.5 million.
Piquet Realty Buys Portman Realty in New York
Piquet Realty, a Florida-based luxury real estate company specializing in foreign investors, has expanded its presence in New York City with the acquisition of Portman Realty.
Roll RE Breaks Ground on 1 MSF BTS Distribution Center in Shafter, Calif.
Roll Real Estate Development has broken ground at its Paramount Logistics Park on behalf of American Tire Distributors, with which the company signed a 1 million-square-foot lease at the 1,600-acre industrial park in Shafter, Calif.
Bijou Breaks Ground on $83M M-F Project in Hoboken
Bijou Properties joined partner Intercontinental Real Estate Corp. to break ground on a 135-unit residential project in Hudson County, which will cost $83 million to bring to fruition.
International: W.P. Carey Affiliates Pay $158M for Polish Bank HQ
W.P. Carey’s two publicly held non-traded REIT affiliates have jointly purchased the headquarters of Poland’s second largest bank, paying $158 million for the asset.
Paragon Commercial, Canyon Catalyst JV Acquires 158 KSF Retail Center in Rancho Mirage, Calif.
A joint venture between the Canyon Catalyst Fund and Paragon Commercial Group has made its first retail acquisition in California – the 158,156-square-foot Rancho Las Palmas shopping center in Rancho Mirage.
Soho Properties, MHP Join Hampshire Hotels to Create New Dream Hotel at Times Square
A development team comprising Soho Properties, MHP Real Estate Services and Hampshire Hotels Management has acquired 560 Seventh Ave. in Manhattan’s Times Square, which they will replace in a $300 million project with a new Dream Hotel and 20,000 square feet of luxury retail.
4 Companies to Develop M-U Building in Tokyo’s Famed Ginza District
J. Front Retailing, Mori Building, L Real Estate and Sumitomo have entered a mutual agreement to jointly operate a retail facility that will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
Select Income REIT Closes $188M Acquisition of 820 KSF Office Property in Suburban Chicago
Select Income REIT has gotten its hands on a premier 820,000-square-foot office asset in suburban Chicago, courtesy of a sale-leaseback transaction with Tellabs Inc.
Blackstone Acquires Office Towers in Santa Ana, Calif. for $129M
An affiliate of Blackstone has acquired Griffin Towers, a pair of 12-story plus penthouse Class A office towers in Santa Ana, Calif., from Lincoln Property Co. and partner Angelo, Gordon & Co. for $129 million.