Regions
NorthMarq, Cushman Merge Minnesota Operations
NorthMarq president Jeff Eaton calls it “a great partnership.” Cushman & Wakefield SVP Clint Miller says the same. Both spoke with CPE about the two firms’ merger to create the Minnesota-based Cushman & Wakefield/NorthMarq Real Estate Services.
Savanna Begins $65M Acquisition, Re-Development of Downtown NYC’s 80 Broad St.
80 Broad St., near the southern tip of New York City, was just purchased by Savanna, which snagged a $65.3 million loan from Mesa West for the building’s acquisition and planned capital improvements.
Refi Alert: $56M for Honolulu Multi-Family, $47.5M for Renaissance Raleigh
Lenders are slowly becoming less shy about doling out financing loans, and the Oasis at Waipahu apartment community near Honolulu and the Renaissance Raleigh North Hills Hotel in Raleigh, N.C., have garnered an aggregate $103.5 million.
ARC Healthcare Purchases Three Properties for $60.9M
Acting through its sponsor, American Realty Capital V L.L.C., American Realty Capital Healthcare Trust Inc. has completed the initial phase of its $257.5 million acquisition of a 12-property portfolio of high quality income-producing healthcare facilities.
Global Report: Housing Markets Grim in U.S., U.K.
Bad news seems to beget more bad news. According to a new report by the Royal Institution of Chartered Surveyors, housing demand in the United States and in the United Kingdom is falling short of both expectations and hopes.
CBRE Facilitates 2.1 MSF Industrial Portfolio Sale
CB Richard Ellis just completed the sale of a seven-asset, 2.1 million-square-foot national portfolio consisting of 10 buildings throughout Georgia, Michigan, Minnesota, Ohio and Texas.
Highwoods Picks Up Pittsburgh’s PPG Place for $214.1M
Highwoods has purchased Pittsburgh’s 1.5 million-square-foot PPG Place for $214.1 million, snapping it up from Market Associates L.P., an affiliate of The Hillman Co.
California’s Great America Amusement Park to Trade for $70M
Cedar Fair, owner of California’s Great America in Santa Clara, Calif., has signed a deal to sell the amusement park to JMA Ventures L.L.C. in an all-cash transaction. The active property owner will pocket $70 million on the deal.
125 KSF Lease by MSCI Brings 7 WTC to Full Occupancy
Slightly more than a week after the tenth anniversary of 9/11, the World Trade Center site has achieved another milestone: The first completed tower, 7 WTC, has reached full occupancy with the signing of MSCI Inc. to a 125,000-square-foot lease.
Iconic Wrigley Building Sold to BDT Capital, Groupon Co-Founders
In a move as noteworthy for its investors as for its property, the Wm. Wrigley Jr. Co. announced that it sold Chicago’s iconic Wrigley Building to a consortium of investors for an undisclosed amount.