Regions
Western National Nabs 496-Unit Suburban LA M-F for $100M
Western National Realty Advisors wraps up acquisitions under its $200 million Western National Realty Fund II with the purchase of Ironwood and Fairway Palms, a sprawling 496-unit apartment compound in the suburban Los Angeles town of Rancho Cucamonga.
KBS REIT III Buys Downtown Minneapolis Office Building for $118M
KBS Real Estate Investment Trust III has acquired the RBC Plaza, a 678,045-square-foot, mixed-use office building in downtown Minneapolis, from Brookfield Office Properties for $118 million.
Blackstone’s LogiCor Expands European Portfolio with 4.3 MSF in Poland
LogiCor, the pan-European logistics real estate arm of investment and advisory firm Blackstone, continues its rapid expansion and Poland is certainly part of the program.
Starwood Capital’s Group Du Louvre Sells Four Leading Hotels in France
Starwood Capital Group’s Groupe Du Louvre has sold four premier luxury hotels in France as part of the company’s ongoing plan to monetize the GDL hotel portfolio.
Silverstein Team Buys Beekman Tower, Plans Renovation
The Beekman Tower Hotel in Midtown Manhattan has found a new owner and will soon find a new life. Silverstein Properties and a group of partners have acquired the 174-room hotel from Lone Star and will transform it into a luxury corporate apartment destination.
MEPT Obtains $105M Mortgage for Chicago’s 200 W. Madison
More than a year after paying $217.5 million in cash for 200 W. Madison, a Class A office tower in Chicago’s West Loop, Multi-Employer Property Trust has taken out a $105 million mortgage on the 928,040-square-foot property.
Brookfield Multiplex Completes $54M Green Student Housing in Sydney
Brookfield Multiplex, the international contracting and development company, completed University Terraces, a $54 million green student housing project at the University of New South Wales (UNSW) in Sydney.
Global Hospitality Icon to Grow Sheraton Brand by 30 New Hotels
Starwood Hotels & Resorts Worldwide plans to open 30 new Sheraton properties across the world over the next 12 months.
Paladin JV to Develop 1,000 Residential Homes in Colombia for $100M
Paladin Realty Partners, a Los Angeles-based firm founded for the purpose of investing in Latin American real estate, has placed Colombia high on its radar with the founding of the PALVAL Homebuilding Platform.
Pebblebrook Buys Embassy Suites in Downtown San Diego for $112M
Pebblebrook Hotel Trust, of Bethesda, Md., has purchased the Embassy Suites San Diego Bay – Downtown for $112.5 million.