Regions
Dual Trophy Towers to Rise in Moscow Mixed-Use Project
An American architectural group is designing two towers, called OKO, in Moscow’s business district. OKO will include move-in ready residential apartments. The real estate development company of this project also plans to put up The Delano Moscow hotel in the coming years.
DC-Focused, Union-Supported Fund Launches with $35M Initial Closing
A new real estate investment fund, which targets development projects in the Washington-Baltimore area, has raised its initial $35 million from institutional investors — union workers.
Storage Deluxe Closes Half-Billion-Dollar Sale of 1.6 MSF Portfolio to CubeSmart
Storage Deluxe sold a portfolio in the Northeast to CubeSmart for a heavy amount, a transaction handled by HFF on the seller’s behalf.
First Purpose Built Student Housing Launches in Brighton, UK
Property Frontiers is launching the first purpose built student housing in Brighton, United Kingdom to accommodate the greatly underserved student body in terms of housing.
IndCor Secures 343,500-SF Expansion Lease in NJ Industrial Property
IndCor purchased an industrial facility last year and now has secured a lease from Argix to occupy the building’s entire space.
JLL Completes 96,350-SF Deal for Perry Ellis in 1120 Avenue of the Americas
Perry Ellis will lease a Class A space in New York City’s famous 1120 Avenue of the Americas building to give the designer label more open space for its menswear collection.
Rappaport, Chestnut Hill Form CHR Investors
Real estate heavyweight Jerry Rappaport has joined Chestnut Hill as managing director on a new venture that will focus on apartment real estate investment.
JV Buys Office Building in Chicago’s West Loop
A joint venture has purchased 230 W. Monroe, a building in Chicago’s popular West Loop area. The building is the second of two similar Class B buildings to have been sold by the General Electric Pension Trust affiliate.
Royal Senior Care Trades 12 Seniors Housing Assets for $230M
Royal Senior Care has sold the bulk of its seniors housing portfolio for $230 million to an Israel-based company.
550-Unit Suburban Boston Apartment Complex Sold for $188M
The luxury apartment complex of Oak Grove Village in Boston is under new ownership. Although the new owner has not been disclosed, the amount of the sale is said to be $188 million.