Regions
DDR Spends $85M for 2 Charlotte Retail Centers
Cotswold Village and Terraces at SouthPark, two retail destinations accounting for an aggregate 291,200 square feet, have traded for an aggregate $85 million from the books of Bell Partners onto those of DDR Corp.
Savanna Makes $130M Building Grab in NYC’s Midtown
Savanna has just acquired 31 Penn Plaza in NYC’s Midtown area. The seller, a joint venture between C&K Properties and Zamir Equities, let the 18-story, 440,000-square-foot property go for approximately $130 million.
Behringer Harvard Buys 132-Unit Luxury Apartment Property Near San Francisco
Acting through a joint venture involving Behringer Harvard Multifamily REIT I Inc. and PGGM Private Real Estate Fund, Behringer Harvard has purchased the Renaissance, a luxury apartment community in Concord, Calif.
Breaking News: Blackstone Purchases 36 Shopping Malls for $473M from Equity One
In a deal expected to close in the fourth quarter of this year, Blackstone Real Estate Partners VII has purchased 36 shopping centers from Equity One, Inc., for $473.1 million, including $177.4 million in mortgage debt.
Philly’s 1700 Market St. Sells for $143.5M
In a $143.5 million deal, the Class A office building at Philadelphia’s 1700 Market St. was purchased by a partnership formed by David Werner, a private real estate investor.
MG Properties Grabs Seattle’s Park at Northgate Apartments for $22.3M
Investor interest in the Seattle apartment market continues to grow — MG Properties Group has just purchased the 146-unit Park at Northgate from Triad Villa Roma L.L.C. for $22.3 million.
Essex Spends $165.1M for Two Seattle Apartment Properties
Essex Property Trust Inc. has expanded its presence by nearly 1,000 residences in metropolitan Seattle with the purchases of Redmond Hill and The Bernard for an aggregate $165.1 million.
Stan Johnson Co. Opens NYC Office
Despite the prevailing economic headwinds, the net-lease space continues to perform. As proof, look no further than the opening of Stan Johnson Co.’s New York City office, the firm’s fourth major expansion since 2009.
Fifteen Group Beefs Up Miami, L.A. Portfolios with $65M in Purchases
Fifteen Group has been on a bit of a buying binge in the metropolitan areas of Miami and Los Angeles, recently shelling out $65 million in cash on various investments, predominantly in the multi-family sector.
GGP, Canada Pension Plan Partner on Plaza Frontenac, Saint Louis Galleria
General Growth Properties and Canada Pension Plan are teaming up, forming a partnership to purchase the upscale 482,000-square-foot Plaza Frontenac and for CPPIB to acquire a minority stake in GGP’s 1 million-square-foot Saint Louis Galleria.