Regions
Kentucky’s Springhurst Towne Center Sells for $78M
In a sale arranged by real estate investment banking firm Savills, one of the firm’s institutional-investor clients picked up the Springhurst Towne Center, an 830,000-square-foot retail complex in Louisville, for $78 million.
Jamestown, Rockwood Spend $390M for NYC’s 530 Fifth Ave.
Near the close of yesterday’s markets, Jamestown Properties and Rockwood Capital announced the $390 million acquisition of 530 Fifth Ave. — also known as the Bank of New York Building — which is soon to undergo a $20 million renovation to bring the property to Class A standards.
Novaya Takes 147 KSF of Tech Office Space in Massachusetts
Novaya Real Estate Ventures, not yet one month old, has begun to build its portfolio with the acquisition of two office/R&D buildings featuring an aggregate 146,700 square feet in suburban Boston.
Clarion Grabs 187 KSF Washington State Retail Center
Capitalizing on what will likely be a strong year for retail, Clarion Partners has acquired a 187,000-square-foot shopping center in Covington, Wash., for $31 million.
Omninet Capital Completes Purchase of 285 KSF L.A. Office Park
Omninet Capital has closed on the purchase of Commerce Office Park, a 285,368-square-foot institutional-quality office campus at South Eastern and East Slauson avenues in Commerce, Calif.
IRS Re-Ups on 532 KSF of Fresno Office Space
The Internal Revenue Service, acting through Government Properties Income Trust, just signed a 10-year, 531,976-square-foot lease renewal in Fresno, Calif.
Walker & Dunlop Provides $164M in Freddie Financing for Connecticut Multi-Family Properties
Walker & Dunlop L.L.C. has come through for Principal Management Partners with a $163.8 million loan package for the refinancing of a four-property apartment portfolio in Connecticut.
ULI: Emerging Trends in Europe Bearish for '12
“Debt” is going to be the name of the game for the European real estate markets in 2012, according to Emerging Trends in Real Estate Europe 2012, the industry forecast published by PwC and the Urban Land Institute.
Data Center Operator Picks KC for New $32M Facility
CoSentry, an Omaha-based provider of data center, cloud computing, co-location and managed-Internet services, has purchased a 57,500-square-foot former light industrial building in Lenexa, Kan., for use as a data center.
Hines, DLF Ltd. Begin Construction on 800 KSF Office Space in New Delhi
Capitalizing on the increased need for both office and retail space, Hines has partnered with DLF Ltd. to begin construction on One Horizon Center, which will be located southwest of New Delhi in Gurgaon.