Regions
Normandy Real Estate JV Grabs 575 Lexington in Manhattan
The 743,200-square-foot Manhattan office tower at 575 Lexington Ave., which last changed hands in 2006 for $400 million, has come under new ownership.
Macerich to Pick Up Two Malls for $1.3B
The Macerich Co. has signed a deal to acquire two New York retail properties, the Green Acres Mall and the Kings Plaza Mall, from Vornado Realty Trust for a total of $1.25 billion.
AXA, Norwegian Wealth Fund Buy Two Buildings in Germany for $981M
AXA Real Estate Investment Managers and Norges Bank Investment Management have agreed to buy two buildings in Germany for a total of $981 million, from the Royal Bank of Scotland Group.
KS Partners Buys New Boston’s $65M Hartford-Area Office Portfolio
New Boston Fund Inc., of Boston, has sold to KS Partners, of Woburn, Mass., an eight-building office portfolio in suburban Hartford, Conn., for $65 million.
1.4 MSF National Industrial Portfolio Pulls in a Rumored $80M
The Columbia Portfolio, a nearly 1.4 million-square-foot group of industrial properties, has changed hands and the word on the street is that it fetched $80 million.
Xinyuan Buys Brooklyn Land, Plans $54.2M Condo
Beijing’s Xinyuan Real Estate, acting through its U.S. division, XIN Development Group International Inc., has made its entrée into the U.S. multi-family market with the $54.2 million acquisition of a development site in Brooklyn, N.Y.
Thor Equities Refinances Chicago’s Palmer House Hotel for $365M
Chicago’s historic Palmer House Hilton luxury hotel has been refinanced by owner Thor Equities to the tune of $365 million, it was announced Wednesday by Jones Lang LaSalle, which arranged the floating-rate financing package.
JV Nabs $430M Times Square Gateway Development Site
Construction of the first mixed-use development in Times Square in 25 years can move ahead now that a joint venture of Maefield Development, Infinity Urban Century, The Witkoff Group and New Valley has completed the $430 million acquisition of the site.
LEI, Partners Launch Venture with Purchase of 191 KSF Office Tower in Thriving Denver Locale
Lowe Enterprises, The Guardian Life Insurance Company of America and a subsidiary of Allstate Insurance Co. introduced their new venture with the acquisition of Alamo Plaza.
Archstone Buys 167 KSF M-F Property in L.A. Area
Decron Properties sold the 167,000-square-foot, mixed-use apartment complex to Archstone for approximately $44 million.