Regions
MetLife Spends $125M on Chicago Luxury Multi-Family Tower
Amid a flurry of multi-family trades in Chicago, MetLife has bought EnV, a luxury high-rise tower, from LYND Development Partners for an estimated $125 million.
Swig Co. Purchases 12-Story Downtown L.A. Office Tower
The Swig Co. has just added a downtown Los Angeles office building to its portfolio with the acquisition of 617 W. 7th St. from a joint venture sponsored by Alliance Commercial Partners.
SL Green Adds to NYC Office Portfolio with $252M, 390 KSF Pickup
SL Green has made yet another pickup in Midtown New York City with its $252.5 million acquisition of 10 E. 53rd St. The 390,000-square-foot, 37-story office tower sits between 5th and Madison Avenues in the city’s Plaza District and is currently the headquarters of publishing company Harper Collins.
Vestar to Manage Buena Park Downtown Retail Complex in California
Vestar is taking on a new 1.1 million-square-foot responsibility, now that it has won the third-party contract to spearhead management of Buena Park Downtown, a retail complex in Buena Park, Calif.
Colliers: Outside Factors Force Manhattan Office Pause
Describing the larger real estate picture around the United States as “tenuous,” a new report by Colliers International says the supply-and-demand balance of the Manhattan office market will remain virtually unchanged in the first few months of 2012 due to the combined impact of the larger worldwide economic situation.
Vornado, HFZ Buy Upper East Side Apartment Building for $170M
A joint venture of Vornado Capital Partners and HFZ Capital Group has purchased 11 E. 68th St. in New York City for $170 million plus closing costs and adjustments.
Nike Plans 600 KSF Move to Tishman’s New Shanghai Campus
Following increased demand for its products in China, Nike has just announced plans to build a 600,000-square-foot corporate campus in Shanghai that will be located in Tishman Speyer’s $2.5 billion The Springs development.
Hines Takes 255 KSF Minnesota Office Building for $70M
Hines Global REIT has picked up a premier 254,900-square-foot office property in Minneapolis with a $69.5 million sale-leaseback transaction with Cargill Inc.
Retail Roundup: Jenkins Sells 50 KSF D.C. Asset, Terramar Acquires Washington State Center for $35M
From coast to coast, retail transactions are closing one after the other. Among the grocery-anchored assets involved in the first deals of 2012 are the 50,600-square-foot Jenkins Row Retail in Washington, D.C., and the 130,800-square-foot Canyon Park Place in suburban Seattle.
CRA Purchases Louisville Multi-Family Portfolio for $97M
Continental Realty Advisors is keen on Kentucky, as evidenced by its recent purchase of a 1,200-residence apartment portfolio in Louisville. The multi-family housing owner and institutional fund manager acquired the group of four assets from Camden Property Trust for $97 million.