Regions
Kennedy Wilson, Equity Partners Complete Five-Building L.A. Office Portfolio
Kennedy Wilson, along with its equity partners, has wrapped up the acquisition of a five-property office portfolio in metropolitan Los Angeles for a total of $143.5 million.
Manulife Enters NYC Office Market with $285M Jersey City Buy
Manulife Real Estate has picked up the 30-story, 748,000-square-foot 10 Exchange Place in Jersey City for $285 million from Atlanta-based Invesco.
CBRE Sells Jersey’s Met Center to KBS REIT Affiliate for $105M
CBRE Group Inc. has sold the 421,000-square-foot Metropolitan Center in East Rutherford, N.J. for $104.9 million to an affiliate of KBS Real Estate Investment Trust II.
Prologis Contributes $293M to Mexican Industrial Portfolio
Prologis continues to make big moves in Mexico with the contribution of a $293 million portfolio of industrial properties to Prologis Mexico Fondo Logistico, its Mexican co-investment venture.
HFF Arranges Funding for Boston-Area Mall, Houston Hotel
In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.
Vornado, Kushner JV to Recap NYC's 666 Fifth Ave.
A new co-owner steps in at 666 Fifth Ave., a 1.5 million-square-foot office tower in Manhattan, as Vornado Realty Trust establishes a joint venture with an affiliate of the Kushner Cos.
Developers Find Financing for Projects
Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.
Nearly $1B in Assets Backs Jamestown Fund Launch
Capitalizing on the strength of three recent trophy acquisitions, Jamestown has moved into the public phase of its new vehicle Jamestown Premier Property Fund.
NYC's Mercedes House Gets $229M in Financing
Thanks to Wells Fargo and JPMorgan Chase, Two Trees Management Co. now has a $229 million construction-financing package to commence the 850-unit second phase of the gargantuan Mercedes House complex on Manhattan’s Far West Side.
JLL Wins 3.6 MSF Management Portfolio from Equity Office Properties
JLL is now looking at 3.6 million square feet of property management and leasing responsibilities within Equity Office Property Trust’s portfolio across Florida, Illinois and Georgia.