Regions
Cassidy Turley Secures $150M in Acquisition Financing for DC-Area Office Complex
Cassidy Turley secured the financing, in the form of a $150 million loan from a commercial bank, for the recent sale of the three-building, 689,000-square-foot Air Rights Center in downtown Bethesda, Md.
Midtown Manhattan Readies for 470 KSF Cutting-Edge Office Tower
The future is coming to Midtown Manhattan. A partnership comprising real estate company Hines, investment entity Pacolet Milliken Enterprises and institutional investors advised by J.P. Morgan Asset Management have broken ground on 7 Bryant Park, a premier office tower that will deliver 470,000 square feet of state-of-the-art office accommodations in the Bryant Park area.
MIG Acquires 304-Unit Apartment Property in Scottsdale
Newport Beach, Calif.-based real estate investment company MIG has acquired Acacia Creek, a 304-unit apartment community in Scottsdale, from Equity Residential.
Essex Buys Fox Plaza in SF for $135M
Last year, Essex Property Trust made more than $800 million in M-F acquisitions in California and the Seattle area. The REIT is continuing its spending this year, picking up Fox Plaza, a 444-unit property in San Francisco’s Mid-Market district, for $135 million from Archstone.
CBRE Gets $1B in Financing for M-F Greystar, Goldman Portfolio Buy
How do you get your hands on a billion dollars? Greystar Real Estate Partners and Goldman, Sachs & Co. kicked off 2013 with the announcement of plans to snap up an 8,010-unit multi-family portfolio from Equity Residential for $1.5 billion, and now news emerges that CBRE Capital Markets’ Debt & Equity Finance group has helped the joint venture partners cull more than $1 billion to finance the acquisition.
Brickman, DivcoWest Acquire Three Manhattan Office Buildings
San Francisco-based real estate firm DivcoWest has partnered with a private equity firm headed by New York real-estate investor Bruce Brickman to acquire three office buildings in Midtown South from Einstein College at Yeshiva University.
LaSalle Buys 184 KSF Shopping Center in Greater Leeds, UK
LaSalle Investment Management, of Chicago, has acquired the 84-retail-unit Airedale Centre in Keighley, West Yorkshire, United Kingdom.
JLL Tapped to Market 143-Branch SunTrust Net Lease Portfolio
Inland American REIT wants to sell its 143-branch SunTrust Net Lease Portfolio, and the real estate company has selected Jones Lang LaSalle’s Capital Markets Group to find a buyer for the group of assets, which is valued at more than $275 million.
Hebron Properties Brings ‘Great Australian Living’ Concept to Bangalore
Hebron Properties, one of India’s premium real estate developers, has launched an ultra-luxury residential project near T.C. Palya in K.R. Puram in Bangalore.
City Center, Angelo Gordon JV Buys 320 KSF Office Space in Minneapolis
A JV of City Center Realty Partners and Angelo, Gordon & Co. has acquired the 320,000-square-foot office portion of the Plaza Seven building at 45 S. Seventh St. in downtown Minneapolis.