Regions
Ramco-Gershenson Buys 461 KSF Shopping Center in Cincinnati Suburb
Ramco-Gershenson Properties has just surpassed the half-billion-dollar mark in its annual acquisitions with the purchase of Deerfield Towne Center, a 461,000-square-foot shopping center in the suburban Cincinnati suburb of Mason, Ohio.
W. P. Carey Acquires $92M Retail Portfolio in Croatia from Agrokor
In a $92 million sale-leaseback deal, W. P. Carey has purchased five retail stores from Agrokor in Croatia.
Rockrose Buys 150 KSF NYC Commercial Office Building for $105M
Rockrose Development Corp. has acquired 15 E. 26th St., a 150,000-square-foot boutique commercial office building located on Madison Square Park between Madison and Fifth avenues, from Savanna for $105 million.
Somerset, Pulte Homes Begin Construction on M-U Development in Wood-Ridge, NJ
Construction is underway on a new mixed-use development – Liberty Square at Wesmont Station – in Wood-Ridge, N.J., courtesy of a Somerset Development and Pulte Homes partnership.
KBS REIT III Closes Chicago’s 500 West Madison for $425M
KBS REIT III has acquired 500 West Madison, also referred to as Citigroup Center, an iconic, 1.5 million-square-foot mixed-use tower in Chicago, for $425 million plus closing costs.
Tishman Speyer Signs Largest Lease Transaction in Firm’s History with Banco do Brasil
In the largest lease in Tishman Speyer’s history, Banco do Brasil will be taking all 953,000 square feet of office space in the developer’s three-building Green Towers Brasilia project, now underway in Brazil’s capital.
Peebles, Elad Buy NYC Landmark Building for $160M
The Peebles Corp. and Elad Group have bought the historic 346 Broadway office building from New York City for $160 million and plan to transform the 115-year-old property into a five-star hotel and upscale condominiums in a $400 million restoration.
Canyon JV to Develop Class A Apartment Project in Prince George’s County, Md., for $93M
Canyon Capital Realty Advisors is teaming with Peter N.G. Schwartz and Hensel Phelps on the development of Apollo Residences at Town Center, a $93 million, 417-unit Class-A apartment project in Camp Springs, Md.
Dubai Wins Bid to Host 2020 World Expo Using HOK-Designed Master Plan
Dubai has won the bid to host the 2020 World Expo, with the help of a master plan for the facilities, courtesy of HOK Architects.
Hines, Oaktree Acquire Maxis Office Park in Suburban London
International real estate firm Hines has partnered with a subsidiary of Oaktree Capital Management to acquire the Maxis office campus in Bracknell, Berkshire from administrators Grant Thornton.