Regions
Culver Center Sold for $115M in California’s Largest Off-Market Transaction in 2011
In California’s largest off-market, single-asset transaction in 2011, Equity One has purchased Culver Center in Culver City for $115 million.
Pramerica Sells Madrid’s Titán 4 to German Investor
Seven years after acquiring the Madrid office building known as Titán 4 in its development stage, Pramerica Real Estate has sold the 111,000-square-foot office tower in the Mendez Álvaro area to German fund manager Invesco.
Chicago’s Elysian Hotel Sold, to Become Waldorf-Astoria
The Elysian Hotel Chicago, a luxury lodging destination, has been purchased by a joint-venture investment group and will soon reopen under the Waldorf-Astoria brand.
Chicago to Get 42-Story, $114M Apartment Tower
DeBartolo Development and partner Optima are building the 332-residence mixed-use Optima Center multi-family property at a cost of $114 million in Chicago’s Streeterville neighborhood.
Exclusive: JLL Expands into South America with Bogota Office
Jones Lang LaSalle is opening a new office in Bogota, Colombia, to serve as the base of its operations in the Northern Cone, CPE has learned exclusively.
$85M for 3-Building Indianapolis Office Portfolio
Despite “weak” demand for suburban Midwest office properties, an institutional investor has snapped up Intech I, II and III, a 433,972-square-foot portfolio in the Northwest market of Indianapolis, for $85 million.
NYU Schack Special Report: Sternlicht on Real Estate
Barry Sternlicht talks with James Kuhn at the NYU Schack Capital Markets conference about branding, global investment and more.
Equity One Spends $115M for California Shopping Center
Culver Center, a 216,600-square-foot community shopping center Los Angeles County’s Culver City, has come under new ownership. Equity One Inc. snapped up the grocery-anchored asset for $115 million.
HFF Brokers Sale of 3 San Francisco Hotels
In the San Francisco Bay Area, the weather is mild but the hotel market is hot, as evidenced by Holliday Fenoglio Fowler’s recent facilitation of the sale of a three-property, four-hotel portfolio to separate buyers.
Exclusive: Industrial Vacancies Set to Decline Through 2015, Cushman Report Shows
In an exclusive interview with CPE, commercial real estate services firm Cushman & Wakefield sees industrial vacancy rates dropping “considerably” over the next five years, going as low as 6.6 percent by 2015.