Regions
Indcor Grabs 7 MSF Multi-Market Portfolio
IndCor Properties acquired a 7 million-square-foot portfolio of industrial properties located in the key markets of Reno, Las Vegas, Chicago and Southern California.
Chinese Developer to Spend $200M on 4.6-Acre Site in Downtown LA
The Los Angeles real estate investment community is abuzz with news of Oceanwide Real Estate Group’s pending acquisition of Fig Central, a 4.6-acre entitled development site located downtown, just across from Staples Center and the multibillion-dollar L.A. Live entertainment destination.
Spitzer’s RE Company Spends $88M for Manhattan Property
Former New York Governor Eliot Spitzer has wrapped up a notable Manhattan purchase for the family real estate firm, Spitzer Enterprise — 511 W. 35th St., a 17,281-square-foot development site at the burgeoning Hudson Yards, from Alloy Development in a speedy $88 million transaction.
HFF Arranges $115M in Financing for M-F Development in Boston
The developers of One Greenway, a Class A multi-housing property that just broke ground along the southern end of the Rose Kennedy Greenway in Boston’s Chinatown, have received $115 million in financing.
Lowe JV Buys 2 Class A Office Buildings in Phoenix for $51M
Frequent partners Lowe Enterprises and J.P. Morgan Asset Management have joined forces on the acquisition of a two-building, 327,300-square-foot office portfolio in metropolitan Phoenix. The partnership acquired the Class A office properties from CJK Investments for an aggregate $51 million.
Skanska Takes On 3 New Projects Across Europe
One of the largest project development and construction groups Skanska has lined up three development projects across Europe – in Czech Republic, England and Sweden.
Carey Watermark Investors Buys Renaissance Chicago Downtown for $139M
Carey Watermark lodging REIT picked up the 553-guestroom Renaissance Chicago Downtown Hotel from the Royal Bank of Scotland Group for $139 million, marking downtown Chicago’s largest hotel trade this year.
Blackstone Closes on East Coast Hotel Portfolio for $186M
Blackstone Real Estate Advisors has closed on a 15-property select-service hotel portfolio in seven East Coast and Mid-Atlantic states after securing $186 million in acquisition financing.
Harvest, LaSalle Acquire 233 KSF Office Tower in San Jose
Harvest Properties and LaSalle Investment Management have teamed to acquire 60 S. Market St., a 232,536-square-foot, 14-story Class A office tower located in Silicon Valley’s downtown San Jose, from Ares Management.
Citi Extends 2.6 MSF Lease Agreement at TriBeca Towers in NYC
An affiliate of Citigroup has signed an extension for its triple-net leases at 388 and 390 Greenwich St. in Manhattan’s TriBeCa neighborhood.