Regions
$480M Buy Nets CommonWealth Partners 872 KSF Seattle Office Building
CommonWealth Partners has purchased Seattle’s Russell Investments Center for $480 million. CBRE, which orchestrated the sale on behalf of Northwestern Mutual, described the trade of the 872,026-square-foot property as “the largest single-asset office sale in the Western United States since 2006.”
Zell, Mack Talk Leverage, Recovery at Schack REIT Conference
In an annual REIT conference sponsored by New York University’s Schack Institute of Real Estate, Sam Zell and William Mack offered several hundred real estate professionals and NYU students their views on leverage, consolidation and the industry’s uneven recovery.
Cassidy Turley Named Leasing Agent for 1.1 MSF New Jersey Office Portfolio
Normandy Real Estate Partners has tapped Cassidy Turley to serve as the leasing agent for a 1.1 million-square-foot office portfolio in New Jersey, and in turn, Cassidy Turley has welcomed two of the real estate developer’s team members to the firm.
Quest for Growth Tops Agenda at NYU-Schack REIT Conference
Where is the growth in an age of uncertainty? Some of the industry’s most influential leaders wrestled with that timely question Thursday at the annual REIT conference organized by New York University’s Schack Institute of Real Estate.
Hackman Capital, Calare Properties Purchase 448 KSF Manufacturing Site in Massachusetts
In a joint-venture purchase, Hackman Capital and Calare Properties have made their strong presence in the Massachusetts industrial market even stronger. The two recently acquired the former Evergreen Solar Plant, a 448,000-square-foot manufacturing facility in suburban Boston.
TIAA-CREF Takes Berlin Shopping Center for $447M
In a joint venture with German shopping center developer mfi Management, TIAA-CREF has snapped up Gropius Passagen, a 1 million-square-foot asset — the largest mall in Berlin — for approximately $446.5 million.
Omni Group Buys Chicago's 200 N. LaSalle for $101M from Younan Properties
Omni Group, a private developer based in Vancouver, has spent $101 million to become the new owner of 200 N. LaSalle in Chicago, acquiring the asset from Younan Properties. The 30-story, 645,170-square-foot building sits in the heart of the city’s financial district.
Broad Street, Crow Holdings Spend $85M on 208 NYC Apartment Units
Broad Street Development and Crow Holdings have partnered on an $85 million investment for two buildings in Manhattan’s Gramercy Park neighborhood.
Kennedy Wilson Sells Two Multi-Family Properties for $154M
Kennedy Wilson has shed two multi-family assets — 360 Residences in San Jose and Arbor Creek Apartment Homes in Beaverton, Ore. — for a total of $154 million to two separate buyers.
Rising Realty Partners Acquires 440 KSF PacMutual Building in Downtown L.A.
Rising Realty Partners, helped by funds from Mount Kellett Capital Management, has acquired the landmark 440,000-square-foot PacMutual building in Downtown Los Angeles and plans a significant repositioning for the property.