Regions
Beech Street Closes $55M in FHA Loans for Indiana Skilled Nursing Portfolio
Infinity Healthcare Management wanted to refinance an 808-bed portfolio of skilled nursing facilities in Indiana, and Beech Street Capital has made it happen with the closing of $55.3 million in FHA 232/223(a)(7) loans.
Hines Picks Up Vacant 175 KSF Office Building in Metro Phoenix
Hines has just increased its ownership footprint in metropolitan Phoenix with the acquisition of Kierland One, a 175,400-square-foot office building in Scottsdale.
British Co. Buys Office Building in Canberra, Australia for $152M
U.K.-based Brompton Asset Management has acquired the 15-story Industry House building in the Canberra commercial business district for $152 million. The transaction ranks as the largest deal of its kind in the capital city’s office market this year.
Starwood to Build New Hotel in Samsun, Turkey
Starwood Hotels & Resorts Worldwide has signed an agreement with Tanriverdi Mensucat Sanayii A.S. to open a new-build Sheraton hotel in Samsun, in late 2014.
Savanna Fund II REIT Sells Manhattan’s 5 Hanover Sq. for $104M
CIM Group has acquired 5 Hanover Square, a 25-story building in Manhattan’s Financial District, from Savanna Fund II REIT for $104 million.
Amstar Sells Aura Shopping Center in Novosibirsk, Russia, to RosEuro
Amstar sold one of the largest shopping centers in Russia, at four stories and 657,000 square feet, to RosEuro Development.
Northwood Investors Buys Landmark Building in Lower Manhattan
Northwood Investors has purchased 100 Broadway, a 117-year-old, 24-story, 360,000-square-foot office building at Broadway and Pine Street in Lower Manhattan.
AIG/Lincoln Sells Retail Park in Rome for $174M
AIG/Lincoln has sold Da Vinci Market Central, a popular retail park in Rome, to funds managed by CWM Group for $174 million.
Prometheus Gets $188M Mortgage for M-F Project in Silicon Valley
Prometheus Real Estate Group has secured a $188 million financing deal for Mansion Grove, a 1,000-unit apartment community in Santa Clara, Calif., in the heart of Silicon Valley.
Harbor Group Sells Chicago Office Tower to Beacon for $113M
An affiliate of Harbor Group International has completed the sale, for $113 million, of 300 South Wacker Drive, a 35-story, 512,400-square-foot office building in downtown Chicago.