Regions
SBV Buys Lexington Commons, Fourth M-F Purchase in Greensboro, NC
SBV Communities has entered the Greensboro, N.C., multi-family market in a big way in a short amount of time. The Kansas City, Mo.,-based firm has purchased more than 600 multi-family units in four acquisitions, including Lexington Commons, the most recent addition to the portfolio.
$326M Perth Office Building Eyed by Investors
The Perth office market in Australia is getting hotter by the moment. Following Brookfield’s announcement to develop Brookfield Place Tower 2, Perth’s CBD is setting up for another significant deal.
Select Property Sells Majority of Residences at West Avenue in Dubai Marina
Just five months after launching the project, Select Property has sold more than 90 percent of the units at West Avenue, the first new residential tower in Dubai Marina since 2008.
C&W: Robust First Half Sets Stage for Strong 2013 in Manhattan
Leasing volume is up 11 percent year over year, average Class A asking rents top $75 per square foot in Midtown South and an average $178 million office sale price signals “the return of the mega-deal.”
Cole Boosts CCIT Portfolio With 3 Recent Acquisitions
Cole Real Estate Investments has boosted the portfolio of Cole Corporate Income Trust to 35 properties in 17 states with the recent acquisitions of three Class A office buildings in Texas and Massachusetts for $160 million.
Starwood Reopens Historic Parisian Hotel
Starwood Hotels & Resorts Worldwide unveiled the restored Prince de Galles, a venue that is currently part of the Luxury Collection Hotels & Resorts brand.
ARC NYRR to Buy Office Building in Midtown Manhattan from SL Green for $220M
American Realty Capital New York Recovery REIT has agreed to acquire the office building at 333 W. 34th St. in Midtown Manhattan from SL Green Realty for $220 million, exclusive of closing costs.
Tech Firm Triples HQ with New Silicon Alley Lease in NYC
Midtown South continues to gain steam as Manhattan’s tech hub, and a new startup, PlaceIQ, just staked its claim to office space in the Silicon Alley neighborhood of the submarket with a new lease agreement.
Berkshire Acquires 280-Unit Community in Metro Denver Area
Berkshire Partners has acquired Alta Aspen Grove, a 280-unit luxury garden-style apartment community in Littleton, Colo., from Wood Partners.
Capri, Kennedy Wilson Buy LA Apartment-Marina for $225M
Capri Capital Partners and Kennedy Wilson have acquired the leasehold interest in Esprit, a 437-unit luxury multi-family project that includes a 227-slip marina, in the Marina del Rey area of Los Angeles.