Regions
Griffin-American Expands Internationally with $448M Acquisition
Griffin-American Healthcare REIT II has made its first international acquisition, picking up a 44-facility portfolio of seniors housing and care facilities in the United Kingdom for approximately $448 million.
Hines, CalPERS Take Stake in 2.2 MSF Russian Retail Asset
The Hines CalPERS Russia Long Term Hold Fund, a joint venture between real estate company Hines and pension fund CalPERS, has become the co-owner of a prime piece of retail in Moscow with the purchase of an interest in the Metropolis Shopping and Entertainment Mall from Morgan Stanley Real Estate Investing.
Kennedy Wilson Buys M-F Property in Dublin for $107M
International real estate investment and services firm Kennedy Wilson has purchased a 50 percent interest in a premier 420-unit multi-family asset located on the south bank of the River Liffey in Dublin.
NewMarket Corp. Sells 311 KSF Office Building in Richmond, Va., for $144M
The world headquarters of paper, packaging and specialty chemical manufacturer MeadWestvaco, a nine-story trophy office building in Richmond, has been purchased by Select Income REIT for $144 million, excluding transaction costs.
C&W Wins WTC Site-Wide Property Management Contract
Cushman & Wakefield just landed one of the most coveted real estate assignments in Manhattan, if not the entire country. The commercial real estate services firm has been selected by the Port Authority of New York and New Jersey to serve as site-wide property manager for the new World Trade Center site under a seven-year contract.
ARC NYRR Grabs Manhattan Office Condo for $91M
American Realty Capital New York Recovery REIT has made another purchase this month, this time a three-story office condominium located at 50 Varick St. in the Tribeca neighborhood of Manhattan for $91 million.
$110M in Financing Closes for 214 KSF DC Office Property
The Washington Building, a 214,000-square-foot office destination in Washington, D.C., offers the elements lenders love, so CBRE Capital Markets had more than a few offers in the process of arranging $110 million financing for the Class A property on behalf of borrower Clarion Partners.
Bouri Joins UMS as Senior Partner, Managing Director
Veteran corporate executive and management consultant George Bouri has joined Arlington, Va.-based UMS Advisory as the real estate and facilities management consulting firm’s new senior partner & managing director.
C&W to Manage Major Industrial SoCal Portfolio
IndCor Properties has awarded Cushman & Wakefield a contract to manage 9.1 million square feet of its industrial properties in Southern California, including San Diego, Irvine, and the Inland Empire.
Fortress to Fund M-U Development on 2-Acre Burlington Waterfront Land in Ontario
Mady’s latest mixed-use development project, sitting on 1.68 acres of prime waterfront land on the shores of Burlington city, has landed a financing agreement. Fortress Real Developments executives have agreed to provide funding for the project.