Regions
$1.4B Sale of Share in GM Building is NYC’s Biggest in Years
In a truly international deal, a 40 percent stake in Manhattan’s iconic General Motors Building traded hands last Friday for a reported $1.4 billion.
Natixis Provides $128M for Chetrit M-F Redevelopment Project in NYC
Natixis Real Estate Capital has come through for Chetrit Group once again. The direct lender recently provided Chetrit–along with partners Clipper Equity and Robert Wolf of Read Property Group–with a $128 million loan for the purchase and predevelopment of the former Cabrini Medical Center complex on E. 19th St., in Manhattan.
UEA to Break Ground on Britain’s Most Sustainable Commercial Facility
The University of East Anglia in Norwich is about to break ground on the Norwich Research Park Enterprise Centre, an academic and office facility that promises to become the greenest commercial building in the United Kingdom.
Blackstone Buys Four-Property Hilton Portfolio
The private equity giant’s real estate affiliate has acquired a 751-room, four-property Hilton Select Service portfolio from Sage Hospitality and Apollo Global Management.
Carlson Rezidor Signs Three New Hotels in China
Carlson Rezidor Hotel Group continues its expansion in Asia by signing three new hotels in China. Currently the group has 33 hotels in operation and under management in the East Asian country.
Summit Grabs Six Hotels in Deals Totaling $170M
During the period between the closing of its initial public offering in February 2011 and the end of 2012, Summit Hotel Properties Inc. amassed a portfolio of 24 properties, and with the recent purchase of six assets for an aggregate $170 million, there appears to be no end in sight to the company’s shopping spree.
KDC Plans 250 KSF Corporate Center at Research Campus in Kentucky
KDC wants to bring its state-of-the-art corporate campus prototype to Lexington, Ky., and the commercial real estate and investment firm is under contract with Sperry Van Ness Real Estate Advisors-Lexington to do just that.
CDT Buys Ocean Towers in Coney Island, Area Hit Hard by Sandy
Community Development Trust and Proto Property Services have teamed up on a $52 million project to buy and rehabilitate a 19-story, 380,000-square-foot apartment building in Coney Island, an area in Brooklyn hit hard by Hurricane Sandy.
Emaar Launches Sale of Dubai Luxury Residences
Global property developer Emaar Properties PJSC has begun the sale of its newest residential project, Burj Vista II.
Wolff Picks Up $200M M-F Portfolio in Las Vegas
The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit “Oasis Portfolio” of 14 apartment communities in metro Las Vegas.