Regions
Sperry Van Ness Makes Entrée into NYC Market
SVN is opening a New York City office, to be called Sperry Van Ness | RealSite Group, and will be headed by managing director Anthony Casalena.
WRIT Completes Final, $70.6M Phase of Industrial Sale
Washington Real Estate Investment Trust has made its exit from the industrial real estate sector with the disposition of Dulles Business Park in Chantilly, Va., and 6100 Columbia Park Rd. in Landover Md.
Kilroy, JLL Sign 630 KSF Lease for DirecTV’s HQ
Direct-satellite broadcast provider DirectTV has signed a 15-plus year lease of 630,000 square feet for the company’s new headquarters in El Segundo, Calif.
Vestar Development Makes $79M Investment in Vegas Retail
Vestar Development Co. has laid the groundwork to get in on the Vegas retail game with a deal to acquire The District at Green Valley Ranch in Henderson, Nev., for $79 million.
UDR Completes Acquisition of NYC’s 21 Chelsea
UDR Inc. has just closed on the purchase of 21 Chelsea in New York City. The multi-family REIT acquired the 210-unit luxury apartment property for $138.9 million, including the assumption of $31 million of existing debt.
NYC Mayor Reveals Luxury Plans for Hudson Yards Development
Luxury goods manufacturer Coach Inc. has become the catalyst for the first building at Hudson Yards, the 26-acre mixed-use project that will serve as the jumping-off point for the reinvention of the entire 300-acre neighborhood on the West Side of Manhattan.
L.A.-Based Lee & Associates Opens NYC Doors, Merges with Sierra
L.A.-based Lee & Associates, in a merger with Sierra Realty, opened its first office in New York City and will be focused primarily on the retail sector but will look to make headway into office leasing.
$500M Alexandria Center in Cambridge, Mass., Breaks Ground
Alexandria Real Estate Equities Inc. has just broken ground on the first phase of a $500 million, 1.7 million-square-foot science-and-technology compound in Cambridge, Mass., to be called Alexandria Center at Kendall Square.
Harrison Grabs 8 Seniors Properties for $125M
Harrison Real Estate Capital, on behalf of Harrison Street Real Estate Partners III L.P., has just completed an off-market transaction for an eight-property seniors-housing portfolio for approximately $125 million.
CBRE Closes on ING’s Europe Operations for $540M
In another piece of its acquisition of ING Group’s real estate management operations, CBRE has just closed on the European business — paying $540 million — after nabbing the Asia operations last month.