Regions
RioCan to Acquire Regional Malls in Greater Toronto Area
RioCan Real Estate Investment Trust has entered into a conditional agreement with Primaris Retail REIT to acquire two regional shopping malls in the Greater Toronto Area (GTA) for a combined gross purchase price of approximately $362 million.
The Rockefeller Group, IPA Break Ground on M-F Project in Suburban Phoenix
Late last summer, The Rockefeller Group and Investment Property Associates said they would break ground on the $58 million Liv Northgate in Gilbert, Ariz., in early 2013, and now they have.
MG Properties Acquires Terracina Apartments in Calif. for $95M
San Diego-based private real estate investor MG Properties Group has purchased the Terracina Apartments, a 736-unit multi-family property located in southeast Ontario, Calif., for $95 million from Colorado-based seller Archstone.
Norwegian Pension Fund Charges into U.S. Market via TIAA-CREF
Norges Bank Investment Management, manager of the Norwegian Government Pension Fund Global, has entered into a $1.2 billion JV with TIAA-CREF and has at one stroke gained substantial interests in five Class A or boutique buildings on the East Coast.
Chambers Closes on Two 300 KSF Suburban Philly Office Buildings
Chambers Street Properties, of Princeton, N.J., recently closed on its acquisition of 1400 Atwater Drive, a pair of five-story Class A office buildings, totaling 300,000 square feet, in Malvern, Pa.
Brookfield Refinances 355 KSF DC Office Building
Brookfield Real Estate Opportunity Fund I has received a $95.5 million first mortgage loan for 64 New York Avenue NE, a 355,000 square-foot office building in Washington D.C.
C&W Expands Mid-Atlantic Presence with Harrisburg, Pa., Office
Cushman & Wakefield is bolstering its presence in the busy I-81 corridor of Central Pennsylvania with the opening of a new office.
Thor, ASB Close on Manhattan Retail/Office Building for $97M
In the latest of several Manhattan acquisitions for both companies, though their first together, a joint venture of Thor Equities and ASB Real Estate Investments’ Allegiance Real Estate Fund has purchased a five-story, 60,000-square-foot property at 875 Washington St. in Manhattan’s Meatpacking District for $97 million.
Brandywine, Campus Crest Partner to Build $158M Student Housing in Philly
Two REITs and a real estate private equity firm are teaming up to develop a $158 million, 33-story, 850-bed student housing tower at Cira Centre South in Philadelphia’s University City section.
Wewatta & Wynkoop Refinance Two Denver Office Buildings for $74M
Wewatta & Wynkoop, a GE Asset Management and Crestone Partners managed entity, has secured a $74 million loan to refinance 1400 Wewatta and 1401 Wynkoop, two Class A contiguous office buildings totaling approximately 300,000 square feet in downtown Denver.