Voit Sells 157,300-SF Industrial Property in Southern California
The property was sold to Australian real estate investment trust DEXUS Property Group.
Savills Advises Fortress, Northstar on $72M Mezzanine Loan Sale on Columbia Sussex Hotel Portfolio
The portfolio was sold to The Blackstone Group for an undisclosed price.
Behringer Harvard Purchase 560-Unit Fort Lauderdale Apartment Asset
Acting on behalf of Behringer Harvard Opportunity REIT II Inc., Dallas-headquartered Behringer Harvard has acquired the 560-unit Parrot’s Landing Apartments in North Lauderdale, Fla., partnering with Denver-based Grand Peaks Properties but retaining a 90 percent ownership stake.
GGP Strikes $230M Deal Over Disputed Las Vegas Assets
The agreement disclosed on Monday closes the legal battle over the 22,500-acre master planned community about 12 miles from Downtown Las Vegas.
SL Green to Trade Midtown Manhattan Office Building for $123.2M
Continuing its portfolio repositioning strategy, New York City-based SL Green Realty Corp. has inked a deal to sell the 292,000-square-foot office building at 19 West 44th Street to Deka Immobilien.
HFF Arranges $114M for Six-Property Industrial Portfolio
The facilities are located in Georgia, Illinois, Ohio, Pennsylvania and Texas and total 4.7 million square feet.
Grubb & Ellis to Add $182M in Properties to Apartment REIT
Grubb & Ellis Apartment REIT Inc. has entered into definitive agreements to acquire nine multi-family properties from affiliates of MR Holdings, L.L.C. and substantially all the assets of Mission Residential Management, L.L.C., the property management business of Mission Residential.
Boston Properties to Buy Macklowe’s Debt-Ridden 510 Madison Ave. in NYC for $280.5M
Lender issues, lawsuits, a vacant tenant roster and a fire. A boatload of problems have surrounded the brand-new office building at 510 Madison Ave. in Midtown Manhattan, but change is in the air now that Boston Properties has committed to acquiring the fee title to the 350,000-square-foot office building.
General Growth Says Blackstone Plans $500M Investment
General Growth filed for bankruptcy in April 2009. At the time, it listed assets of $29.6 billion and debts of $27.3 billion. Earlier this year a consortium of Blackstone, The Fairholme Fund and Pershing Square Capital Management said they would provide as much as $8.5 billion to finance the company’s bankruptcy emergence.
Multi-Family REITs Ride High: SNL Study
Multi-family-focused REITs have the edge over the rest of the REIT industry, reports SNL Real Estate.
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