Morgan Stanley
Credit Suisse Snags LA Office Building
The Swiss company paid $59 million to acquire the Class A property in Glendale, Calif., from a joint venture between Lincoln Property Co. and Morgan Stanley.
Vornado Speeds Up JBG Smith Spin-Off
Common shares of the new REIT—which will trade on the New York Stock Exchange under the symbol JBGS—will be available starting July 18.
JV Scores Prime Boston-Area Office Portfolio for $270M
Longfellow Real Estate Partners has teamed up with Morgan Stanley to acquire three Class A office and tech properties totaling 605,873 square feet in Cambridge, Mass. Longfellow will handle the building operations on behalf of the joint venture.
Hines to Redevelop London Office Asset
The redevelopment of 25 Cabot Square will bring approximately 200,000 square feet of new office space to the market. The project is scheduled for completion in late 2018.
MGM Resorts Taps New SVP
The former Wynn Resorts’ vice president of corporate finance will bring more than 20 years of financial experience to the company. Strawn will be based at the firm’s Las Vegas office and will report directly to MGM Design and Development President Bill Ham.
Spirit Realty Capital Names Jackson Hsieh as CEO
Hsieh joined the company last year as president & COO. Additionally, he was appointed to Spirit’s board of directors.
Paramount Closes $460M DC Office Sale
The 24-story Waterview tower in Arlington, Va., sold for $711 per square foot, a record-breaking price for suburban Washington.
Meridian Capital Lends a Hand in Central Harlem
The firm has secured $125 million in balance sheet and mezzanine financing for a 200,000-square-foot retail center on the southwest corner of 125th Street and Lenox Avenue.
C&W Arranges $104M Financing for NJ Office Campus Buy
The property in Hopewell consists of three Class A buildings adding up to 553,941 square feet.
Sale of Iconic Manhattan High-Rise Exceeds $1B
GIC, Singapore’s sovereign wealth fund, has acquired a majority stake in the 60 Wall St. office tower, which serves as the North American headquarters of Deutsche Bank.