Regions
Cushman: A Possible $200M for Luxury Tribeca Apartment
In a deal that’s been speculated to reach north of $200 million, developer/owner Africa-Israel USA has sold 88 Leonard St., a 352-unit mixed-used luxury rental building in New York City’s Tribeca district, to a Chicago-based investment firm.
Glimcher, DDR Swap $80M, $139M Assets in Columbus, Kansas City
In an interesting move, Glimcher is selling the Columbus, Ohio-based Polaris Towne Center for approximately $80 million, and DDR is unloading the Town Center Plaza in Kansas City for around $139 million – with the buyers being each other.
Charles Dunn Snaps Up $50M Pacific Financial Center in Downtown L.A.
In a process that attracted more than 15 bidders, the 17-story Pacific Financial Center was purchased by Walter J. Conn, chairman of Charles Dunn Company, for $50 million.
Equity LifeStyle to Acquire 75 Manufactured Home Communities for $1.4B
Equity LifeStyle recently entered into an agreement to acquire 75 manufactured home communities, a single RV resort and certain manufactured homes and loans associated with the 75 communities for a whopping $1.4 billion from Hometown America L.L.C.
George Smith Partners Completes $34M in Refis Across Two Properties
Commercial real estate banking firm George Smith Partners has arranged more than $34 million in debt to refinance two retail centers — located in California and Nevada — at what the company calls “exceptionally attractive terms.”
In Depth: Two MF Industry Leaders Team Up, Purchase California’s RW Zukin
Industry veterans Robert Talbott and Scott Mencaccy recently joined forces and acquired the RW Zukin Corp., a real estate services firm that has been serving the multi-family industry in the greater San Francisco Bay Area for nearly 50 years.
Senior Housing Trust to Spend $478M for Nine Seniors Communities
Senior Housing Properties Trust has agreed to purchase nine large senior-living communities for $478 million, including $164 million of assumed mortgage debt, across six states.
Hines Sells 1.4 MSF Three First National Plaza in Chicago
Thirty years after Hines developed Three First National Plaza in Chicago, the real estate company’s U.S. Core Office Fund has sold the 1.4 million-square-foot office property.
Transwestern Wins Two Service Contracts for 5.1 MSF in San Fran Bay Area
Transwestern has secured two assignments from Westcore Properties and USAA Real Estate Co. involving an aggregate 5.1 million square feet of properties in the San Francisco Bay area.
JLL Tapped for KeyCorp’s Greening Initiatives
Hot off the heels of achieving LEED Gold for the Sunnyvale, Calif., headquarters of search giant Yahoo, Jones Lang LaSalle has been tapped to serve as climate-and-energy-sustainability advisor for Cleveland-based KeyCorp.