Regions
U.S. Bank Provides $55M for Affordable Seniors Housing Project in LA
U.S. Bank has given a big helping hand in the addition of 165 new units to Los Angeles’ depleted affordable housing market.
InterContinental Opens 272-Key Location in Osaka Mega Development
Japan’s second-largest city, Osaka, has been seeing some major investments lately in its bid to become one of the gateway cities of Asia.
Glimcher to Regain Tampa Center, Sell Interest in Portland’s Lloyd Center
Glimcher Realty Trust plans to purchase the remaining interest in WestShore Plaza, Tampa, from its joint venture partner, an affiliate of Blackstone Real Estate Partners VI, for $112 million.
Tridel, Hines Launch Green 363-Suite Condo Project in Toronto
Tridel and Hines are set to launch their new condominium development called Aqualina at Bayside Toronto. The project represents the first residential phase of a 13-acre mixed-use development called Bayside Toronto.
Clarion Sells 50% Stake in IN Retail Fund to Inland
Inland Real Estate Corp. acquired the 50 percent ownership stake in IN Retail Fund held by its JV partner, New York State Teachers Retirement System, for $121 million in cash, making it the sole owner of the 2.3 million-square-foot Midwest retail center portfolio.
Pru Lends $73M for Hines’ Purchase of London Office
Prudential Mortgage Capital Co. has provided $73 million in financing for Hines Global REIT’s recent purchase of One Westferry Circus, an office building in London’s Canary Wharf district.
Clarion Scoops Up NYC’s 100-104 Fifth Ave. for $230M
The hot Midtown South office market in Manhattan saw a trophy property change hands this week with Clarion Partners acquiring 100-104 Fifth Ave., a 17-story, 277,412-square-foot building, from the Kaufman Organization and Invesco Real Estate for $230 million.
JLL Secures $112M in Non-Recourse Financing for Office Complex in Suburban DC
With the assistance of Jones Lang LaSalle’s Capital Markets division, the California State Teachers Retirement System has landed $112 million in financing for Lincoln Place, a 503,800-square-foot office complex in Arlington, Va.
Brazilian Residential Market to Get Major Boost as JV to Build 2,400 Affordable Homes
A joint venture created by Paladin Realty Latin America Investors IV and Constructora Altana recently announced a major investment in Brazil’s housing market.
HFF Secures $581M Refi for 16-Property Blackstone Hotel Portfolio
The Blackstone Group has refinanced a 16-property, 4,798-room hotel portfolio and golf course/tennis club with a $581 million loan obtained from GE Capital Real Estate.