News
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May 17, 2013 - Denver firm acquires 14W apartments for $110 million
Outlet: Washington Business Journal - Online
An affiliate of Simpson Property Group has paid $110 million for the 231-unit 14W apartment building in Washington, D.C.
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May 17, 2013 - Hines to develop more office space in Houston
Outlet: Houston Business Journal
Hines recently acquired a 35,000-square-foot development site in the River Oaks neighborhood of Houston that is slated to become an office project. Hines may build another office tower in the inner-Loop.
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May 17, 2013 - Prism partners with Angelo, Gordon on $121 million buy
Outlet: Real Estate Weekly - Online
Prism Capital Partners has teamed up with Angelo, Gordon & Co. to acquire Princeton Pike Corporate Center for $121 million.
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May 17, 2013 - Hines sells three Southern California buildings for $550 million
Outlet: Institutional Real Estate Newsline
Hines has entered into a contract with GI Partners to sell three properties in Southern California for approximately $550 million.
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May 17, 2013 - LGP hires Cushman & Wakefield's Chris Hunt
Outlet: Released
Legal & General Property has appointed Chris Hunt as a senior asset manager to support its £800 million Property Unit Trust.
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May 17, 2013 - Henderson Global Investors and Palmira acquire logistics park in Winsen an der Luhe, Germany
Outlet: Released
Henderson Global Investors and Palmira Capital Prtner have acquired a logistics park in Winsen an der Luhe, Germany on behalf of the Henderson German Logistics Fund.
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May 17, 2013 - Legal & General funds student accommodation development in Elephant & Castle
Outlet: Released
Legal & General Property has agreed to forward fund a student accommodation scheme in Elephant & Castle, London, for a total consideration of £25.7 million.
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May 17, 2013 - Recent commercial real estate acquisitions
Outlet: Institutional Real Estate Newsline
The two largest completed transactions included an office in Watertown, Mass., and a hotel in San Jose.
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May 17, 2013 - Brian Casey Joins Walker & Dunlop's Proprietary Capital Group
Outlet: SYS-CON Media
Walker & Dunlop has announced that Brian Casey will join the company's Proprietary Capital Group.
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May 16, 2013 - Qatar buys into Milan property project
Outlet: Released
Qatar’s sovereign wealth fund has bought a 40-percent stake in a new 290,000-square meter skyscraper project near the center of Milan with a commercial value of €2.0 billion euros ($2.6 billion).
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May 16, 2013 - Kercher named SVP, managing broker at Cushman & Wakefield
Outlet: CoStar Group
Cushman & Wakefield | Thalhimer has promoted Edward Kercher, Jr. to manage the Charleston, SC office in his new role as senior vice president / managing broker.
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May 16, 2013 - Alex. Brown Realty appoints Alexander Rouse
Outlet: Citybizlist Baltimore
Alex. Brown Realty has announced Alexander Rouse has joined the firm and will split his time between the Asset Management and Acquisition teams.
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May 16, 2013 - Duke Realty CFO Christie Kelly moving to Jones Lang LaSalle
Outlet: RTTNews.com
Duke Realty Corp. has announced that Christie Kelly resigned as CFO of the company to accept a similar position at Jones Lang LaSalle.
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May 16, 2013 - Agree Realty announces joint venture
Outlet: DailyMarkets.com
Agree Realty Corp. has closed on a 4.2 acre parcel of land in conjunction with Real Estate Affiliates as part of its Joint Venture Capital Solutions program.
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May 16, 2013 - Forest City and AIGform strategic equity partnership for apartment project
Outlet: DailyMarkets.com
Forest City Enterprises has closed a strategic capital partnership with AIG Global Real Estate for the development of 3700M, a 381-unit apartment project in the West Village neighborhood.
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May 16, 2013 - American Realty Capital Healthcare Trust II makes first acquisition
Outlet: Medindia.com (or.net)
American Realty Capital Healthcare Trust II has closed on its first acquisition, a Fresenius dialysis center located in Winfield, Alabama. The purchase price of the property was $1.9 million.
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May 16, 2013 - Non-traded REIT pays $77 million for Ariz. industrial complex
Outlet: Commercial Real Estate Direct
Industrial Income Trust has paid $77 million, or $94.25/sf, for Broadway 101 Commerce Park, an 808,419-square-foot industrial property in Mesa, Ariz.
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May 16, 2013 - New Rochelle, N.Y., apartments offered for sale, may fetch $225 million
Outlet: Commercial Real Estate Direct
AvalonBay Communities is offering for sale the Avalon on the Sound East, a 588-unit apartment property in the New York City suburb of New Rochelle, N.Y., that could fetch about $225 million.
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May 16, 2013 - Kimco acquires partner's interest in marketplace near Seattle
Outlet: Business Wire - Online
Kimco Realty Corp. has added the Marketplace at Factoria in the suburban Seattle community of Bellevue, Wash., to its consolidated portfolio.
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May 16, 2013 - Jones Lang LaSalle appoints Christie Kelly CFO
Outlet: Sys-Con Brazil
Jones Lang LaSalle has named Christie Kelly CFO. In this role, she will provide leadership to drive growth, oversee financial and business planning activities.
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May 16, 2013 - Getty Realty pays $72.5 million for gas station portfolio
Outlet: New York Business Journal
Getty Realty Corp. has paid $72.5 million for 36 Exxon-Mobil and Shell gas station properties in the New York and Washington, D.C., areas.
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May 16, 2013 - Riverway Plaza in Weymouth sold for $22 million
Outlet: Boston Business Journal - Online
CBRE Global Investors has paid $21.5 million for the 265,000-square-foot Riverway Plaza shopping center in the Boston suburb of Weymouth, Mass.
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May 16, 2013 - Indianapolis office complex sold for $79.1 million
Outlet: Commercial Real Estate Direct
An affiliate of American Realty Capital Trust IV Inc. has paid $79.1 million for the Rolls-Royce office complex at 450 South Meridian St. in Indianapolis.
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May 16, 2013 - Deutsche to buy Boston office building
Outlet: Bloomberg
Deutsche Asset & Wealth Management has agreed to pay $21.4 million for the 68,995-square-foot office building at 45 Milk St. in Boston.
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May 16, 2013 - Cassidy Turley completes sale of 18 acres in Casa Grande
Outlet: AZRE: Arizona Commercial Real Estate - Online
Cassidy Turley completed the sale of 18 acres in the Casa Grande Power Center.
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May 16, 2013 - Union Investment acquires Fiege logistics development in Switzerland
Outlet: Released
Union Investment Real Estate GmbH is adding to its logistics portfolio in Europe’s growth centres – the Hamburg-based investment manager has purchased its first logistics property in Switzerland.
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May 16, 2013 - Chattanooga's CBL to build another outlet mall
Outlet: Chattanooga Times Free Press - Online
CBL & Associates Properties and Horizon Group Properties have plans to develop The Outlet Shoppes at Louisville in Simpsonville, Ky.
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May 16, 2013 - Mallory Lane shopping center sells for $37 million
Outlet: Tennessean - Online, The
The sale of a shopping plaza just north of the intersection of Mallory Lane and Cool Springs Boulevard has been finalized, according to county property records, and the transaction carried a $37.6 million price tag.
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May 15, 2013 - GPT to sell Australian shopping center for $756 million
Outlet: The Australian
Australian REIT GPT has plans to sell its 50 percent stake in the Erina Fair shopping mall in New South Wales for $756 million. The National Pension Service of South Korea is reportedly the buyer.
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May 15, 2013 - CBRE appoints Walter Wölfler as head of retail, CEE
Outlet: MyNewsDesk
CBRE announces the appointment of Walter Wölfler as head of retail, Central & Eastern Europe (CEE) to drive the global property advisor’s retail business in Austria, Russia and the wider CEE region.
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May 15, 2013 - Landmark Apartment Trust of Americans makes two more acquisitions
Outlet: Virginia Business - Online
Landmark Apartment Trust of America has acquired two apartment projects in North and South Carolina for a combined purchase price of about $36 million.
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May 15, 2013 - Tishman, Highwoods pursuing One Alliance acquisition
Outlet: Atlanta Business Chronicle - Online
Tishman Speyer is pursuing the acquisition of Buckhead’s One Alliance Center tower.
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May 15, 2013 - Brookdale to pay $80.9 million for seven seniors facilities
Outlet: Commercial Real Estate Direct
Brookdale Senior Living Inc. has agreed to pay $80.9 million for a portfolio of seven senior-living communities with a total of 613 units.
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May 15, 2013 - LGP acquires three Uxbridge office assets
Legal & General Property has purchased three office assets in Uxbridge, let to Xerox, for a total consideration of over £34 million.
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May 15, 2013 - Rockspring sells Riverside House, Aberdeen for £13.75 million
Outlet: Released
Rockspring Property Investment Managers has sold Riverside House in Aberdeen on behalf a separate account mandate for £13.75 million to Aston Property Ventures.
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May 15, 2013 - Adam Stoltz joins CBRE as MD in Washington-Baltimore region
Outlet: Citybizlist Baltimore
Adam Stoltz has joined the CBRE as managing director (MD) and is responsible for CBRE's workplace strategy practice for the Mid-Atlantic and Washington/Baltimore corridor.
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May 15, 2013 - Skai Holdings to build $1 billion hotel on Palm Jumeirah
Outlet: Gulf News - Online
Dubai-based Skai Holdings plans to build a $1 billion hotel with over 200 serviced apartments on Palm Jumeirah.
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May 15, 2013 - CBRE appoints new CEE retail head
Outlet: PropertyEU - Online
Property adviser CBRE has appointed Walter Wolfler as its new head of retail for the CEE region.
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May 15, 2013 - Ashford Hospitality completes acquisition of Pier House Resort and Spa
Outlet: Google News
Ashford Hospitality Trust has completed the previously-announced acquisition of the 142-room Pier House Resort and Caribbean Spa in Key West, Florida, for total consideration of $90 million .
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May 14, 2013 - Dexus sells five of its six European properties
Outlet: Yahoo! Finance Australia
Australia-based Dexus Property Group has sold five of its six remaining European industrial properties for a total of €16.5 million ($21.2 million).
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May 14, 2013 - Deka Immobilien acquires commercial property in Spain
Outlet: Released
Deka Immobilien GmbH has acquired Ronda de Sant Pedro 5, paying around €19 million for this office and retail property in Barcelona.
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May 14, 2013 - CBRE Global Investors Fund acquires San Jose Hotel
Outlet: Released
CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has acquired the San Jose Marriott Hotel, a 506-guest-room, class A full-service hotel in downtown San Jose, Calif., for significantly less than replacement cost.
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May 13, 2013 - Savanna offers Manhattan's 5 Hanover Square for sale
Outlet: Crain's New York Business - Online
Savanna Partners is offering for sale the 340,000-square-foot office building at 5 Hanover Square in Manhattan for approximately $200 million.
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May 13, 2013 - Benderson develops $315 million retail projects
Outlet: Tampa Bay Business Journal - Online
Benderson Development is developing the 800,000-square-foot Mall at University Town Center in Sarasota, Fla. The Sarasota developer began work on the project in October and plans to open it in October 2014.
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May 13, 2013 - Henderson Global pays $37.7 million for Ariz.-based apartments
Outlet: Comemrcial Real Estate Direct
An affiliate of Henderson Global Investors of London has paid $37.7 million for the 350-unit Sycamore Creek apartments in Scottsdale, Ariz.
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May 13, 2013 - Developers buy Rhythm & Hues' ex-headquarters in El Segundo
Outlet: Los Angeles Times
Rockwood Capital and Marshall Property & Development of San Rafael, Calif., have paid $25 million for the former headquarters of a visual effects company in El Segundo, Calif.
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May 13, 2013 - Terrace Hill completes two pre-let and pre-sold forstore developments
Outlet: Released
Terrace Hill Group has completed the delivery of two pre-let and pre-sold foodstore developments in the North East of England; in Sunderland and in Sedgefield.
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May 13, 2013 - Londonmetric Property acquires retail warehouse park in Ipswich
Outlet: Released
LondonMetric Property Plc has exchanged on the acquisition of Martlesham Heath Retail Park, Ipswich from clients of JPMorgan Asset Management.
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May 13, 2013 - The Bishopsgate Long Term Property Fund Unit Trust acquires two more assets
Outlet: Released
The Bishopsgate Long Term Property Unit Trust Fund, advised by Cordea Savills, has completed its second and third acquisitions, comprising a Tesco food store in the Cotswold town of Stroud and a hotel/office complex in Cardiff.
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May 13, 2013 - M&G partners with Asian institutional investor to acquire three superstores
Outlet: Released
M&G Real Estate has formed a partnership with an Asian institutional investor to acquire a 70 percent stake in the long leases of three superstores with a combined market value of £237 million.
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May 13, 2013 - Deka Immobilien sells logistics property in the USA
Outlet: Released
Deka Immobilien GmbH has sold a logistics complex at 311-315 Half Acre Road in Cranbury, New Jersey. It was previously held in the property portfolio of Deka-S-PropertyFund No. 1.
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May 13, 2013 - UNOFI acquires the "Atria" building in Paris
Outlet: Released
GDG Investissements has sold the "Atria" property in the 10th district of Paris to UNOFI Assurances.
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May 13, 2013 - Real I.S. buys mixed-use scheme in The Hague
Outlet: Released
Real I.S. Investment has purchased the De Kroon mixed-use property in The Hague, Netherlands for €38 million advised by international real estate advisor Savills and Loyens & Loeff.
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May 13, 2013 - USAA Real Estate Co. and Patrinely Group announce new development at La Cantera
Outlet: Herald - Online, The
USAA Real Estate Co. and its development partner, Patrinely Group announced WestRidge at La Cantera. WestRidge, a new, master-planned office development led by Patrinely Group
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May 12, 2013 - Blackstone affiliate buys more Florida properties
Outlet: Business Journal of Tampa Bay
A company affiliated with The Blackstone Group, IH2 Property Florida LLC, bought 12 houses in Manatee County for $2.3 million.
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May 10, 2013 - HSL pays $23.6 million sale of apartment property in Goodyear
Outlet: AZRE: Arizona Commercial Real Estate - Online
HSL Acquisitions purchased the multifamily property for $23.6 million. The seller was Broadstone Canyon Trails.
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May 10, 2013 - Recent commercial real estate acquisitions
Outlet: Institutional Real Estate Newsline
The two largest completed transactions included a mall in Hollywood, Fla., and a mid/high-rise apartment complex in Houston.
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May 10, 2013 - Onyx, Artemis Pays $22.4 million for N.J. shopping center
Outlet: Commercial Real Estate Direct
The venture of Onyx Equities and Artemis Real Estate Partners has bought the 218,600-square-foot Plainsboro Plaza in Plainsboro, N.J., paid $22.4 million for the property.
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May 10, 2013 - Canadian REIT to pay $21 million for Portland, Ore., warehouse
Outlet: Commercial Real Estate Direct
A venture led by Granite REIT has agreed to pay $21 million for a warehouse in Portland, Ore., and has completed the $14 million purchase of development parcels in Louisville, Ky., and Bethel, Pa.
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May 10, 2013 - Sitt to buy two Manhattan retail buildings for $95 million
Outlet: The Real Deal
Sitt Asset Management has agreed to purchase two retail buildings in Manhattan for $95 million.
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May 10, 2013 - Large office complexes sell in West, North Austin
Outlet: Austin Business Journal
TA Associates Realty has acquired Bridgepoint Plaza I and II, with 177,973 square feet in Austin.
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May 10, 2013 - Griffin Capital pays $39.19 million for Charlotte, N.C., office
Outlet: Commercial Real Estate Direct
Griffin Capital Essential Asset REIT as paid $39.19 million for 2730 West Tyvola Road, a 198,898-square-foot office building in Charlotte, N.C., that's fully leased to United Technologies Corp.
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May 10, 2013 - Rental apartments to be built above Miami public parking garage
Outlet: South Florida Business Journal - Online
J.C. Mendez has been approved to develop a 440-unit residential tower above a parking garage at 56 and 70 SW First St. in Miami.
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May 10, 2013 - AXA Real Estate’s Tokyo Office Property Fund completes second acquisition
Outlet: Released
Tokyo Office Property Fund, a fund managed by AXA Real Estate Investment Managers, has completed the acquisition of Kyobashi Square, a core building located in the Chuo-Ku district of central Tokyo, from Godo Kaisha Kyobashi Property.
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May 10, 2013 - LaSalle sells German retail park portfolio
Outlet: PropertyEU - Online
LaSalle Investment Management has sold a portfolio of three German retail parks to two pension funds.
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May 9, 2013 - Kite Realty purchases Tennessee shopping center for $37 million
Outlet: Tennessean - Online, The
Kite Realty has purchased the Mallory Lane shopping center in Franklin, Tenn. for $37 million. The 25-acre site includes nine commercial buildings, and was sold to Kite by Cool Springs Market.
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May 9, 2013 - Cole Real Estate acquires Chicago retail property
Outlet: CoStar Group
An affiliate of Phoenix-based Cole Real Estate Investments acquired the Kingsbury Center, a retail property, in Chicago for $26.4 million.
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May 9, 2013 - CBRE selected to exclusively market The Texas Core Industrial Portfolio
Outlet: Citybizlist - Dallas Real Estate
CBRE has been exclusively retained by Stockbridge Capital Group to market the Texas Core Industrial Portfolio, consisting of approximately 2.4 million square feet.
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May 9, 2013 - Ashkenazy pays $58 million for Manhattan building
Outlet: New York Post
Ashkenazy Acquisition Corp. is buying a five-story building at the corner of Madison Avenue and East 63rd St. in Manhattan for $58 million.
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May 9, 2013 - Naftali Group buys Manhattan development site
Outlet: Crain's New York Business - Online
The Naftali Group has paid more than $45 million for a development site at 210 West 77th St. in Manhattan.
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May 9, 2013 - Bank-branch portfolio sells for $97.2 million
Outlet: Citybizlist New York
A group of unidentified investors has paid $97.2 million for 47 bank branches in the New York City metropolitan area that are triple-net leased to Citibank.
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May 9, 2013 - Ashford Hospitality pays $90 million for Key West, Fla., Hotel
Outlet: Commercial Real Estate Direct
Ashford Hospitality Trust has agreed to pay $90 million for the 142-room Pier House Resort and Caribbean Spa in Key West, Fla.
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May 9, 2013 - Optima plans second, 60-story apartment tower in Streeterville
Outlet: Crain's Chicago Business
The developer of a new Streeterville apartment tower is teeing up plans for another one next door, adding to the bulging pipeline of downtown rental projects.
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May 8, 2013 - Lubert-Adler creates $2 billion-multifamily portfolio
Outlet: Released
With the $78 million acquisition of Hunting Point, a 530-unit apartment complex on Potomac River in Alexandria, Va., Lubert-Adler has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.
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May 8, 2013 - The Bishopsgate Long Term Property Fund Unit Trust acquires two more assets
Outlet: Released
The Bishopsgate Long Term Property Unit Trust Fund, advised by Cordea Savills, has completed its second and third acquisitions, comprising a Tesco food store in the Cotswold town of Stroud and a hotel/office complex in Cardiff.
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May 8, 2013 - Rockspring sells Kings and Conquest House, Kingston, for £31 million
Outlet: Released
Rockspring Property Investment Managers has sold Kings and Conquest House in Kingston-Upon-Thames to an institutional client of Aberdeen Asset Management.
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May 8, 2013 - Invesco offers Chicago-area shopping center
Invesco Real Estate is in the market to sell a 437,546-square-foot shopping center in Geneva, Ill., that backs $64 million of CMBS debt that matured last week.
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May 8, 2013 - Plantation apartment community sells for nearly $49 million
Outlet: South Florida Business Journal - Online
Verona View Apartments, with 293 units in Plantation, Fla., has been sold for $48.46 million.
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May 8, 2013 - Hines sells two NYC buildings for more than $1 billion
Outlet: Released
Hines, on behalf of its Hines U.S. Core Office Fund, has sold 499 Park Ave. in Manhattan and 425 Lexington Ave. in Manhattan.
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May 8, 2013 - Two class A offices go for $22 million
Outlet: GlobeSt.com
Kennedy Wilson and its partner have acquired the Pointe at Redwood Shores for approximately $22 million.
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May 7, 2013 - Parkway pays $66 million for Miami office
Outlet: Commercial Real Estate Direct
Parkway Properties has agreed to pay $66 million or Lincoln Place, a 140,000-square-foot office and retail building in the South Beach submarket of Miami.
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May 7, 2013 - Duke Realty sells Shops at Pembroke Gardens for $188 million
Outlet: CoStar Group
Duke Realty Corp. has sold the Shops at Pembroke Gardens located in Pembroke Pines, FL to an institutional joint venture and equity partner for $188 million.
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May 7, 2013 - J.P. Morgan Asset Management to buy Manhattan building
Outlet: Pensions & Investments, London Bureau
J.P. Morgan Asset Management has agreed to buy the 750,000-square-foot office building at 425 Lexington Ave. in Manhattan for about $750 million, several sources say.
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May 7, 2013 - Venture pays $102.5 million for four apartment properties
Outlet: Commercial Real Estate Direct
Carroll Organization has partnered with NorthStar Realty Finance Corp. to pay $102.5 million for four multifamily properties with 1,126 units in Florida, Georgia and Tennessee.
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May 7, 2013 - Zurich buys Los Angeles office building
Outlet: Commercial Real Estate Direct
Zurich Financial Services of Switzerland has acquired 10780 Santa Monica Blvd. in Los Angeles for $27 million. A venture of Angelo, Gordon & Co. and Cambra Realty sold the 94,256-square-foot office.
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May 7, 2013 - Jones Lang LaSalle to sell Ritz-Carlton, Kapalua
Outlet: Pacific Business News
Lehman Brothers Holdings has hired Jones Lang LaSalle to market for sale the 404-room Ritz-Carlton Kapalua resort in Maui, Hawaii.
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May 6, 2013 - Starwood Capital affiliate acquires Blue Back Square Development
Outlet: peHUB
A Starwood Capital Group and Starwood Retail Partners‘ affiliate has purchased Blue Back Square, a class A mixed-use development in West Hartford, Conn.
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May 6, 2013 - Sunstone pays $250 million for Boston Park Plaza Hotel
Outlet: Bloomberg News - Online
Sunstone Hotel Investors has agreed to buy the 1,053-room Boston Park Plaza Hotel & Towers hotel for $250 million.
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May 6, 2013 - American Realty Capital Trust V makes first two acquisitions
Outlet: DailyMarkets.com
American Realty Capital Trust V has closed on its first two acquisitions – two build-to-suit Dollar General stores located in Mission, Texas and Sullivan, Missouri.
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May 6, 2013 - Principal Real Estate Investors acquires Chicago-area office center
Outlet: REJournalism.com
Principal Real Estate Investors has acquired a 559,204-square-foot office park in Lincolnshire, Ill., from Colony Realty Partners.
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May 6, 2013 - Investor group buys Brooklyn, N.Y., city block
Outlet: Commercia Rea Estate Direct
A group of investors led by Waterbridge Capital has paid $30 million for a city block in Brooklyn, N.Y., that has retail space.
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May 6, 2013 - Stoltz Real Estate pays $50.5 million for Vegas retail center
Outlet: Commercia Rea Estate Direct
Stoltz Real Estate Partners has paid $50.5 million for the Deer Springs Town Center, a 512,325-square-foot retail center in Las Vegas.
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May 6, 2013 - Urstadt acquires The Village Shopping Center in New Providence NJ
Outlet: Released
Urstadt Biddle Properties has acquired The Village Shopping Center in New Providence, N,J., for $34. 9 million.
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May 6, 2013 - West Loop office tower heads to market
Outlet: Crain's Chicago Business - Online
The owner of the 35-story office tower at 300 S. Wacker Drive has hired Jones Lang LaSalle to sell the building.
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May 6, 2013 - Manulife seeking buyers for 555 12th St. NW
Outlet: Washington Business Journal - Online
Manulife Financial Corp. is seeking buyers for the Thurman Arnold Building at 555 12th St. NW, located in Washington. Manulife has appointed Eastdil Secured to market the 12-story, 781,963-square-foot building with a sales price of $203.8 million.
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May 6, 2013 - DDR acquires partner's 85 percent interest in five centers
Outlet: CoStar Group
DDR Corp. has acquired its partner's 85-percent interest in five retail centers across the southeastern United States for $94 million.
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May 3, 2013 - TIAA-CREF buys Boston-based office building
Outlet: Boston Business Journal - Online
TIAA-CREF has agreed to pay about $110 million for the 291,000-square-foot office building at 40 Broad St. in Boston. The seller was Aslan Realty Partners III.
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May 3, 2013 - Hamilton Co. pays $52 million for Boston apartment building
Outlet: Boston Business Journal - Online
The Hamilton Co. has just closed on a 134 unit-apartment community on Columbus Avenue in Boston’s Roxbury neighborhood for $52 million.
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May 3, 2013 - Phoenix data center sold for $72 million
Outlet: Commercial Real Estate Direct
An affiliate of IO Data Centers has paid $72 million to acquire a 538,000-square-foot data center building located in Phoenix.
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May 3, 2013 - JPMorgan pays $76 million for Washington, D.C., apartments
Outlet: Commercial Real Estate Direct
JPMorgan Asset Management has paid $76 million for the 125-unit District apartment property in Washington, D.C.
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May 3, 2013 - Hammerson, CCPIB buy one third of Bullring mall for €364 million
Outlet: Released
Hammerson, in a 50-50 joint venture with Canada Pension Plan Investment Board (CCPIB), has acquired a 33.3 percent stake in the Bullring shopping center in Birmingham from the Australian Future Fund for £307 million.
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May 3, 2013 - Patrizia Immobilien AG makes debut U.K. acquisition
Outlet: Released
Patrizia Immobilien AG has announced its first acquisitions in the United Kingdom.
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May 3, 2013 - LGP acquires Sainsbury's supermarket for £72.5 million
Outlet: Released
Legal & General Property (LGP) has purchased a Sainsbury’s supermarket in Hayes in West London, from Aviva Investors for a total consideration of £72.5 million.
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May 3, 2013 - Partners Group invests in a 350,000-square-foot portfolio of offices
Outlet: Released
Partners Group has invested on behalf of its clients in an 80 percent secondary stake in a portfolio of office buildings located in Stockley Park and Croydon managed by CarVal Investors.
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May 3, 2013 - Harrison Street acquires WestHealth Campus
Outlet: GlobeSt.com
Harrison Street Real Estate Capital has acquired Abbott Northwestern - WestHealth medical campus in suburban Plymouth by their Harrison Street Core Property Fund.
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May 2, 2013 - Cleveland casino to pay $79 million for Higbee Building
Outlet: Repository - Online, The
The owners of the downtown Cleveland casino are planning to pay $79 million for their building on Public Square.
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May 2, 2013 - South Florida distribution center sells for nearly $40 million
Outlet: South Florida Business Journal - Online
Three buildings in the Sawgrass International Corporate Park in Sunrise, Fla. were acquired for $39.35 million, a 27 percent premium over their price from 2010. Texas-based Cobalt Capital Partners sold the buildings to Denver-based Industrial Income
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May 2, 2013 - Brack Capital traded The James New York for $85 million
Outlet: Released
Brack Capital Real Estate has sold The James New York, located at 27 Grand St., was sold for approximately $85 million. Operations will remain unchanged at this exclusive SoHo destination as Denihan Hospitality Group will carry on management.
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May 2, 2013 - Prudential Real Estate pays $85 million for SoHo Hotel
Outlet: Commercial Real Estate Direct
Prudential Real Estate Investors has paid $85 million for the James New York hotel in Manhattan's SoHo neighborhood.
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May 2, 2013 - Industrial Income pays $39.35 million for industrial property
Outlet: Commercial Real Estate Direct
Industrial Income Trust has purchased the Sunrise Distribution Center in Sunrise, Fla., for $39.35 million.
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May 2, 2013 - Griffin Capital pays $48.75 million for Houston Office
Outlet: Commercial Real Estate Direct
Griffin Capital Essential Asset REIT has paid $48.75 million for 1200 Enclave Parkway, a 149,683-square-foot office building in Houston.
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May 2, 2013 - IVG purchases Frankfurt retail property “Zeil 94” in a club deal
Outlet: Released
IVG has acquired the “Zeil 94” retail property in Frankfurt city center for two specialized real estate funds of institutional investors.
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May 2, 2013 - Kennedy Wilson and partner acquire office buildings in Northern California
Outlet: Markets.financialcontent.com
Kennedy Wilson has acquired The Pointe at Redwood Shores, two class A, two-story office buildings totaling 89,455 rentable square feet, located in Redwood City, Calif.
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May 1, 2013 - Ascott Reit to acquire China and Japan properties for $287 million
Outlet: Released
Ascott Residence Trust has agreed to acquire three prime serviced residences in China and a stable portfolio of 11 rental housing properties in Japan for $287.4 million.
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May 1, 2013 - Kite buys Indiana shopping center for $39 million
Outlet: Indianapolis Business Journal - Online
Kite Realty Group Trust announced that has purchased the Castleton Crossing retail center in Indianapolis for $39 million.
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May 1, 2013 - South Koreans to pay $348 million for Loop office tower
Outlet: Crain's Chicago Business - Online
John Buck Co. is teaming up with South Korean investors to buy a 50-story Loop office tower, continuing the Asian nation's aggressive push into U.S. real estate.
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May 1, 2013 - Boston Properties to sell San Jose, Calif., office for $40 million
Outlet: Commercial Real Estate Direct
Boston Properties has agreed to sell the 158,499-square-foot office building at 303 Almaden Blvd. in San Jose, Calif. for $40 million.
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May 1, 2013 - Warby Parker’s Soho location hits the market as part of $35 million retail portfolio
Outlet: The Real Deal
Yassky Properties is offering for sale two Manhattan retail properties at 121 Greene St. and 349 West Broadway.
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May 1, 2013 - PegasusAblon purchases two Dallas office
Outlet: Dallas Morning News - Online
PegasusAblon has partnered with Lionstone Group to acquire the Jones Lang LaSalle Building and BBVA Compass Tower in Dallas.
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May 1, 2013 - Office complex in Atlanta sells for $225 million
Outlet: CoStar Group
Joint venture partners Macfarlan Capital Partners and Cole Real Estate Investments purchased Midtown Centers I and II in Atlanta, from KanAm Group for $225 million. AT&T, which occupies both buildings, has also renewed for 11 years.
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May 1, 2013 - MRP Realty and Angelo Gordon announce offer to sell apartment building in Crystal City, Va.
Outlet: Released
MRP Realty and Angelo Gordon have selected Cassidy Turley to market The Paramount, Crystal City’s premier apartment building.
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May 1, 2013 - Jenel Management Corp. sells retail building in Beverly Hills
Outlet: Commercial Real Estate Direct
Jenel Management Corp. has sold an 18,205-square-foot retail building at 9533 Brighton Way in Beverly Hills, Calif., for $40 million. The buyer was GLL Real Estate Partners of Germany.
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May 1, 2013 - Japan venture for Goodman
Outlet: Australian- Online, The
The Goodman Group's Goodman Japan Development Partnership has bought a Japanese site for a big industrial development.
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May 1, 2013 - Venture pays $46 million for two Atlanta-area apartment properties
Outlet: Commercial Real Estate Direct
A venture of Carroll Organization and NorthStar Realty Finance Corp. has paid $46 million for two Atlanta-area apartment properties with a combined 596 units.
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May 1, 2013 - Kennedy Wilson purchases 450-unit apartment community in Salt Lake City
Outlet: Business Wire - Canada - Online
Kennedy Wilson has acquired Foothill Place, a 450-unit apartment community in Salt Lake City, Utah, for $61.8 million.
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April 30, 2013 - Duke pays $311 million for industrial portfolio
Outlet: Institutional Real Estate Newsline
Duke Realty Corp. has agreed to pay $311 million for an industrial portfolio totaling 4.86 million square feet of space.
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April 30, 2013 - Duke Realty to sell Fla. shopping center for $188 million
Outlet: Commercial Real Estate Direct
Duke Realty Corp. has agreed to sell The Shops at Pembroke Gardens, a 391,000-square-foot shopping center in Pembroke Pines, Fla., for $188 million.
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April 30, 2013 - Carroll Organization acquires two Atlanta apartmentcommunities
Outlet: e-releases - Online
Carroll Organization in partnership with NorthStar Realty Finance Corp. has announced the acquisition of two Atlanta-area residential communities for a combined price of approximately $46 million.
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April 30, 2013 - Henderson and Palmira acquire distribution centre in Bruchsal, Germany
Outlet: Released
Henderson Global Investors and Palmira Capital Partners, on behalf of the Henderson German Logistics Fund (HGLOF), have acquired a distribution center in Bruchsal, Germany from a foreign investment fund. It is HGLOF's fourth acquisition.
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April 29, 2013 - Mack-Cali sells New Jersey property
Outlet: Herald - Online, The
Mack-Cali Realty Corp. has sold its 55 Corporate Drive office building located in Bridgewater, New Jersey, for approximately $72.3 million.
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April 29, 2013 - Giorgio Armani building sells for $40 million in Beverly Hills, Calif.
Outlet: GlobeSt.com
German fund manager GLL Real Estate Partners has sold a Beverly Hills, Calif. storefront to Jenel Management Corp. for an undisclosed price. Area brokers say the retail and office building, which is fully leased to Giorgio Armani, sold for $40 million.
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April 29, 2013 - Westbrook Partners puts NYC portfolio on market
Outlet: GlobeSt.com
Westbrook Partners, which acquired most of its New York City portfolio in 2007, has put six buildings on the market for sale.
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April 29, 2013 - EdR to purchase Florida property for $43.5 million
Outlet: Memphis Business Journal - Online
EdR, a Memphis, Tenn., REIT is expected to pay $43.5 million for a 15-story student-housing project under development in Miami.
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April 29, 2013 - Harpeth proposes $80 million mixed-use project
Outlet: Tennessean, The
Harpeth Associates has proposed an $80 million mixed-use project for 4.5 acres along Second Avenue in downtown Franklin, Tenn.
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April 29, 2013 - Manhattan's 125 West 55th St. sells for $470 million
Outlet: Commercial Real Estate Direct
JPMorgan Asset Management has paid $470 million for the 552,000-square-foot office property at 125 West 55th St. in Manhattan.
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April 29, 2013 - Valad Europe sells Hartlebury Trading Estate to Schroders for £46.5 million
Outlet: Released
Valad Europe, the leading diversified real estate investment manager in Europe, has sold Hartlebury Trading Estate, Worcestershire to Schroder Life Fund for £46.5 million. The sale was made on behalf of The Industrial Trust.
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April 29, 2013 - IVG Garbe Logistik fund acquires core properties in Hamburg and Stuttgart
Outlet: Released
The IVG Garbe Logistik fund has made its first real estate acquisitions in the shape of two logistics properties near Stuttgart and in Hamburg. The total transaction volume for the properties is around €60 million.
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April 29, 2013 - Behringer and CT Realty sell industrial project in Southern California
Outlet: PR Newswire - Online
A partnership between Behringer Harvard and CT Realty Investors has sold Interchange Business Center, a high-quality industrial development within the Inland Empire industrial market in the eastern portion of greater Los Angeles.
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April 29, 2013 - Bascom Group pays $35 million for Downtown Chandler M-F asset
Outlet: Commercial Property Executive - Online
An affiliate of Irvine, Calif.-based Bascom Group has completed the $35.2 million acquisition of The Fairways, a 352-unit class A apartment community located in Downtown Chandler.
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April 29, 2013 - Deutsche Wohnen acquires Blackstone residential portfolio
Outlet: Released
Deutsche Wohnen AG is to acquire a residential real estate portfolio of approximately 6,900 units in Berlin from affiliates of Blackstone Real Estate Partners Europe III.
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April 29, 2013 - Cole, Macfarlan invest $225 million in Midtown
Outlet: GlobeSt.com
Macfarlan Capital Partners and Cole Real Estate Investments have acquired a two-building office portfolio in Midtown Atlanta.
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April 28, 2013 - Blackstone sidesteps auctions in largest rental trade
Outlet: National Mortgage News
Blackstone Group has bought 1,400 properties in Atlanta, some eligible for federal low-income housing subsidies, in the biggest bulk purchase for the fledgling homes-for-lease industry.
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April 26, 2013 - Korean investor buys Houston office tower for $480 million
Outlet: Culture Map Houston
Invesco Real Estate, on behalf of the National Pension Service of Korea, has purchased the 46-story BG Group Place office tower in downtown Houston for $480 million.
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April 26, 2013 - TA Associates pays $53 million for Florissant, Mo., shopping center
Outlet: RE Journal
TA Associates Realty has paid $53 million for Shoppes at Cross Keys, a 350,000-square-foot retail center in Florissant, Mo. The property was recently redeveloped and is fully leased.
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April 26, 2013 - Chesapeake Lodging buys second W Hotel in New Orleans
Outlet: Commercial Real Estate Direct
Chesapeake Lodging Trust has paid $65 million for the 410-room W New Orleans hotel in New Orleans.
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April 26, 2013 - Austin's 816 Congress sold for $102.4 million
Outlet: Austin Business Journal - Online
Cousins Properties has paid $102.4 million for the 434,000-squrare-foot office building at 816 Congress Ave. in downtown Austin, Texas.
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April 26, 2013 - Orchard Street purchases Suffolk Retail Park, Ipswich
Outlet: Released
Orchard Street Investment Management has acquired Suffolk Retail Park, Ipswich from clients of Aberdeen Asset Management for £18.75 million.
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April 26, 2013 - Oxford Properties acquires home of The London Stock Exchange
Outlet: Released
Ontario Municipal Employees Retirement System’s (OMERS) real estate unit, Oxford Properties, has bought the London Stock Exchange’s headquarters from Mitsubishi Estate Co. for $364 million.
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April 26, 2013 - SEB Asset Management sells shopping centre in Japan
Outlet: Released
SEB Asset Management has sold the AEON Mall Chiba NEW TOWN in Chiba, Japan, to a Japanese company. The selling price was the equivalent of approximately €100 million.
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April 26, 2013 - London & Cambridge Properties buys shopping mall portfolio
Outlet: Released
London & Cambridge Properties has acquired three shopping malls for a total of €67 million in the cities of Radom, Tarnów and Piotrków Trybunalski.
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April 25, 2013 - JV acquires former Sanofi Campus in Bridgewater
Outlet: National Real Estate Investor - Online
A joint venture partnership comprised of Advance Realty and CrossHarbor Capital Partners LLC has acquired the former Sanofi U.S. Research and Development Campus in Bridgewater, N.J.
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April 25, 2013 - Dexus buys Brisbane office for $543.9 million
Dexus Property Group and the Dexus Wholesale Property fund have jointly acquired the under-construction 480 Queen St. office tower from Grocon at an estimated cost of $543.9 million on completion.
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April 24, 2013 - Blackstone shops for malls
Outlet: Weekend Australian, The
The Blackstone Group has been circling two Australian shopping centers worth $1.2 billion. The properties are the Erina Fair shopping center on the central coast of NSW and the Greensborough Plaza in Melbourne.
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April 24, 2013 - The Related Group of Florida acquires Miami site
Outlet: CoStar Group
Equity Residential sold the 4.5-acre The Element site along Biscayne Bay in Miami to The Related Group of Florida for $29 million.
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April 24, 2013 - Equity Residential buys Redmond project for $91 million
Outlet: The Seattle Times
Equity Residential has paid $91.5 million for the 322-unit Veloce Apartments in Redmond, Wash. Trammell Crow Residential sold the complex.
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April 24, 2013 - Cornerstone offers for sale Charlotte's 121 West Trade Building
Outlet: Charlotte Business Journal
An affiliate of Cornerstone Real Estate Advisors has tapped CBRE Group to market for sale the 330,000-square-foot 121 West Trade building in Charlotte, N.C.
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April 24, 2013 - Kite Realty pays $37.5 million for Nashville-area retail property
Outlet: Commercial Real Estate Direct
Kite Realty Group Trust has paid $37.5 million for Cool Springs Market, a 224,000-square-foot retail property in Franklin, Tenn.
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April 24, 2013 - Duck Pond Corp. pays $25.7 million for 224-unit multifamily property
Outlet: CoStar Group
The Duck Pond Corp. has acquired ALARA State Bridge, a 10-building, 224-unit multifamily property in Johns Creek, Ga.,, from American Realty Advisors for nearly $25.79 million.
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April 24, 2013 - Samsung SRA acquires London City-based office property
Outlet: Released
Samsung SRA Asset Management has acquired 30 Crown Place in London on behalf of South Korean institutional investors from a fund managed by Hannover Leasing GmbH & Co. KG.
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April 24, 2013 - SWUF completes £49 million in Central London transactions
Outlet: Released
Scottish Widows Unit Funds completes approximately £50 million in transactions in Central London.
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April 24, 2013 - NEINVER strengthens its position as leading outlet operator with three new projects in Europe
Outlet: Released
NEINVER plans to develop three new outlet centers in Spain, The Netherlands and Germany. These outlet projects will add to the 15 outlet centers that the Spanish company already manages in six European countries.
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April 23, 2013 - CIM Group acquires 330 Townsend in San Francisco
Outlet: Fort Mill Times - Online
CIM Group announced the acquisition of the 330 Townsend office building in the SoMa (South of Market) District, in San Francisco, Calif. The purchase price was not disclosed.
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April 23, 2013 - Kite Realty Group Trust acquires retail center in Tennessee
Outlet: Markets.financialcontent.com
Kite Realty Group Trust announced the acquisition of Cool Springs Market in Franklin, Tenn for $37.5 million.
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April 23, 2013 - Manhattan development site receives $52 million-price tag
Outlet: City Biz List
Massey Knakal Realty Services has been tapped to market for sale a development site at 509 West 38th St. in Manhattan. The property, between 10th and 11th avenues, comes with an asking price of $52 million.
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April 23, 2013 - Manhattan apartment building offered for sale with $60 million asking price
Outlet: Commercial Real Estate Direct
Century Operating Corp. is offering for sale a 55-unit apartment building in Manhattan's East Village with an asking price of $60 million.
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April 23, 2013 - Hartsdale, N.Y., apartment building hits sales market
Outlet: CityBizList New York
A 79-unit apartment building at 140 East Hartsdale Ave. in Hartsdale, N.Y., is being offered for sale with a $19.5 million.
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April 23, 2013 - SWBC sells San Antonio, Fort Worth apartment complexes for $100 million
Outlet: San Antonio Business Journal
SWBC Real Estate has sold a portfolio of three apartment properties with a combined 921 units in San Antonio and Fort Worth, Texas, for a total of $100 million.
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April 23, 2013 - Boston offices could sell for $44.7 million
Outlet: Commercial Real Estate Direct
The 178,872-square-foot office building at 50 Congress St. in downtown Boston could sell for more than $44.7 million.
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April 23, 2013 - Liberty Property to sell Philadelphia office building to nonprofit
Outlet: Commercial Real Estate Direct
Liberty Property Trust has agreed to sell Three Franklin Plaza, a 215,000-square-foot office building in Philadelphia for $29 million.
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April 23, 2013 - KBS Legacy to pay $44.9 million for Frederick, Md., apartments
Outlet: Commercial Real Estate Direct
KBS Legacy Partners Apartment REIT has agreed to pay $44.9 million for Crystal Park at Waterford, a 314-unit apartment complex located in Frederick, Md.
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April 23, 2013 - Meridian Capital Group invests $115 million in New York hotel
Outlet: Hotel Interactive
Meridian Capital Group negotiated $115 million in acquisition and construction financing for the purchase and redevelopment of the Flatotel hospitality property in New York City, on behalf of a partnership between Chetrit Group and Clipper Equity.
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April 23, 2013 - Rosemont Realty acquires Denver WTC
Outlet: Released
Rosemont Realty has acquired the two-building Denver World Trade Center (WTC) office towers in Denver, Colo.
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April 23, 2013 - Deutsche purchases Metris building in Munich for €150 million
Outlet: Released
Deutsche Asset & Wealth Management has acquired the Metris building located in the Arnulfpark in Munich, Germany, for approximately €150 million on behalf of the open ended real estate fund grundbesitz europa.
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April 23, 2013 - Vornado to sell Harlem Park land
Outlet: Markets.financialcontent.com
Vornado Realty Trust has entered into an agreement to sell a parcel of land known as Harlem Park located at 1800 Park Avenue in New York City for $65 million.
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April 23, 2013 - Nashville-area property portfolio put up for sale
Outlet: City Paper - Online, The
A portfolio of 20 properties in the Nashville area that were owned by WexTrust Capital has been put on the sales block. The receivers have hired CBRE to market the 1.37 million-square-foot office, industrial and retail portfolio.
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April 23, 2013 - Equity pays $91 million for Redmond units
Outlet: Seattle Daily Journal of Commerce - Online
Equity Residential has purchased the Veloce apartments in Redmond, Wash., for $91.4 million, property records show.
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April 23, 2013 - Cole buys multifamily duo for $264 million
Outlet: GlobeSt.com
Cole Real Estate Investments has acquired two power centers for $264 million. One is in Canton, Ga., and the other was in San Jose, Calif.
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April 22, 2013 - Venture to pay $145 million for parking, office space of John Hancock Center
Outlet: Commercial Real Estate Direct
A venture of Deutsche Bank and NorthStar Realty Finance Corp. has agreed to sell 856,000 square feet of office space and a 700-space parking deck that are part of the John Hancock Center in Chicago for $145 million.
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April 22, 2013 - CBRE brokered $149.3 million sale of Boston-area apartments
Outlet: Commercial Real Estate Direct
CBRE's New England capital markets team had brokered the sale of the two phases of the Alterra at Overlook Ridge apartment complex in the Boston suburbs of Malden and Revere, Mass.
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April 22, 2013 - Italian luxury designer outlet Florentia Village arrives in Shanghai
Outlet: Released
Silk Road Holdings has acquired its latest designer outlet development site, located in the Pudong New District of Shanghai.Silk
Road Holdings intends to open the Shanghai project as well as a Florentia Village in Guangzhou before the end of 2014.
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April 22, 2013 - Cortland acquires 2,237 multifamily units for $244 million
Outlet: National Real Esatte Investor
Cortland Partners has acquired five communities totaling 2,237 apartment homes in a series of transactions with a total capital investment of $244 million. Four of the communities are located in the Atlanta MSA and the fifth is in the Dallas MSA.
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April 19, 2013 - PREI acquires office high-rise in Miami
Outlet: Released
Prudential Real Estate Investors (PREI) has acquired Sabadell Financial Center, a 30-story, class A office tower in Miami’s Brickell Financial District for $185 million.
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April 19, 2013 - Morguard buys residential portfolio for $218 million
Outlet: Released
Morguard North American Residential Real Estate Investment Trust has completed a $218 million purchase of six multi-residential properties in the United States.
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April 19, 2013 - Hines Global REIT to buy Los Angeles office complex
Outlet: CoStar Group
Hines Global REIT has agreed to purchase Campus at Playa Vista, a four-building office complex in West Los Angeles, from PV Campus Parcel 3 LP. The deal is valued at $218 million.
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April 19, 2013 - Landmark Apartment Trust affiliate to pay $261.76 million for apartment portfolio
Outlet: Commercial Real Estate Direct
An affiliate of Landmark Apartment Trust of America Inc. has entered into separate agreements to buy 10 apartment communities in North Carolina, Tennessee and Texas for $261.76 million. The properties have a total of 3,422 units.
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April 19, 2013 - China Construction Co. buys $71 million office building
Outlet: CoStar Group
China Construction America, Inc. has acquired the Advance at Southgate office building located at 445 South St. in Morristown, N.J. for $71 million from Advance Realty.
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April 19, 2013 - Deka Immobilien sells TK Shinbashi building in Tokyo
Outlet: Europe Real Estate
Deka Immobilien GmbH has sold the TK Shinbashi office and retail building in Tokyo for the equivalent of approximately €44 million.
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April 19, 2013 - Prudential Real Estate Investors buys Miami office tower for $185 million
Outlet: Business Wire - Online
Prudential Real Estate Investors has acquired Sabadell Financial Center, a 30-story, class A office tower in Miami’s Brickell Financial District for $185 million.
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April 19, 2013 - Houston apartment portfolio acquired in joint venture
Outlet: GlobeSt.com
SQN Realty Finance and Allen Harrison Co. closed their third transaction as partners, adding the Blenheim Apartments to their portfolio. The property was purchased from Prescott Capital Management LLC in New York for an undisclosed price.
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April 19, 2013 - Icade sells logistics package to Apollo for €145 million
Outlet: PropertyEU - Online
Icade has sold a major portfolio of logistics properties to U.S.-based opportunistic investor Apollo for a total of €145 million. Jones Lang LaSalle advised Apollo on the purchase.
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April 19, 2013 - BBVA carries out sale and leaseback of Paris HQ for €32 million
Outlet: Released
Multinational Spanish banking group BBVA has carried out a sale and leaseback of its Paris headquarters, located at 29 Avenue de l'Opéra (Paris 1), as part of a strategy to optimise its property holdings.
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April 19, 2013 - Deka Immobilien sells commercial property in Tokyo
Outlet: Released
Deka Immobilien GmbH has sold the TK Shinbashi office and retail building in Tokyo for the equivalent of approximately €44 million.
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April 19, 2013 - Landmark Blue Tower in Brussels sold
Outlet: Released
Brussels’ Blue Tower has been sold by Morgan Stanley Real Estate Investment GmbH, advised by Savills and BNP RE, to Belgian REIT Befimmo for €78.5 million in the largest multi-let office deal since 2008.
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April 19, 2013 - Morguard North American Residential REIT acquires multifamily portfolio for $218 million
Outlet: Yahoo! Finance
Morguard North American Residential REIT has completed the purchase of six multifamily properties from an institutional fund sponsored by Pearlmark Real Estate Partners, LLC $218 million, excluding closing costs.
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April 19, 2013 - Ramco-Gerhenson Properties Trust acquires Wisconsin shopping center
Outlet: Yahoo! Finance
Ramco-Gershenson Properties Trust announced that it has acquired a 106,000 square foot shopping center in Delafield, Wisc., near Milwaukee, for $22.7 million.
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April 18, 2013 - Starwood purchases 1 Wells Fargo Center in Charlotte
Outlet: Released
Starwood Capital Group has acquired, in partnership with Vision Equities, 1 Wells Fargo Center, located in the central business district of Charlotte. Additional terms of the transaction were not disclosed.
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April 18, 2013 - About $1.38 billion in commercial real estate traded hands in recent weeks
Outlet: Institutional Real Estate Newsline
In the past couple of weeks, the multifamily sector has completed the most acquisitions, according to data by Real Capital Analytics (RCA).
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April 18, 2013 - HFF closes sale of two class A residential towers in Manhattan
Outlet: Markets.financialcontent.com
HFF announced that it has closed the sale of The Aldyn and The Ashley, two newly-developed, class A residential towers in Manhattan`s Upper West Side. GID purchased the offering for an undisclosed amount.
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April 17, 2013 - Orbach Group pays $70 million for Manhattan's Hamilton apartments
Outlet: New York Real Estate Journal Nework
The Orbach Group has paid $70 million for the 178-unit Hamilton apartments in Manhattan. The seller, a venture of the Dermot Co. and Henderson Global Investors.
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April 17, 2013 - Spear Street agrees to buy 315 Park Ave. South in Manhattan
Outlet: New York Post
Spear Street Capital has agreed to buy Manhattan's 315 Park Ave. South for less than $250 million.
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April 17, 2013 - Ohio offices offered for sale with $39 million asking price
Outlet: Commercial Real Estate Direct
A venture of the Daimler Group and Capitol Square is offering for sale Westar III and Westar IV, two office buildings with 276,943 square feet in the Columbus, Ohio.
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April 17, 2013 - Big investors make big bids for Los Angeles office
Outlet: Commercial Real Estate Direct
Invesco and Hines are among investors vying to buy the Campus at Playa Vista, a 325,000-square-foot office complex in West Los Angeles offered by a group led by Tishman Speyer Properties. Bids are said to have topped $215 million.
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April 17, 2013 - Miami development site trades for $29 million
Outlet: Commercial Real Estate Direct
The Related Group has purchased a 4.5-acre development site along Biscayne Bay in Miami from Equity Residential for $29 million.
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April 17, 2013 - South Korean investor interested in Australian Four Seasons
Outlet: Australian- Online, The
A South Korean group looking to make its first foray into Australia has been included on a shortlist of about five candidates to buy the Four Seasons Hotel overlooking Sydney's Circular Quay for as much as $400 million.
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April 17, 2013 - Prologis to develop third BTS facility in Wroclaw
Outlet: PropertyEU - Online
Prologis is to develop the third built-to-suit facility at its park in the Polish city of Wroclaw in less than 24 months.
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April 17, 2013 - Archstone Belltown sells for $94 million
Outlet: Seattle Daily Journal of Commerce - Online
CBRE said it represented Equity Residential in the $94 million sale of Archstone Belltown, a 360-unit complex at 500 Wall St. in Belltown. The buyer was Mill Creek Residential Trust.
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April 16, 2013 - Hawthorne office sold for $17.5 million
Outlet: CoStar Group
New York Medical College acquired 19 Skyline Dr. in Hawthorne, N.Y., for $17.5 million from Mack-Cali Realty Corp.
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April 16, 2013 - Kimco buys partner's interest in Kildeer, Ill., shopping center
Outlet: Commercial Real Estate Direct
Kimco Realty Corp. has paid $32.7 million for the 81 percent interest it did not already own in the 168,000-square-foot Shops at Kildeer in the Chicago suburb of Kildeer, Ill.
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April 16, 2013 - Kennedy Wilson buys Hayward, Calif., Apartment Complex
Outlet: Commercial Real Estate Direct
A partnership led by Kennedy Wilson has paid $34 million for the 188-unit Montelena Apartments in Hayward, Calif.
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April 16, 2013 - Dominion Realty propose 11-story office, retail property
Outlet: Triangle Business Journal - Online
Dominion Realty Partners is planning the 11-story, $54 million Charter Square building with 225,000 square feet of office and retail space in downtown Raleigh, N.C.
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April 16, 2013 - Five-building Wyndam Garden Inn in Miami Beach fetches $25.5 million
Witkoff Group of New York has paid $25.5 million, or about $191,729/room, for the Wyndham Garden Inn hotel in Miami Beach. CBRE brokered the sale of the five-building property at 1050 Washington Ave.
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April 16, 2013 - Hersha closes on $101 million-acquisition of Hyatt Union Square
Outlet: CoStar Group
Hersha Hospitality Trust has closed on its acquisition of the newly-completed 178-room Hyatt Union Square from McSam Hotel Group for $101 million.
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April 16, 2013 - Deutsche Bank sells Madrid Headquarters
Outlet: PropertyEU - Online
Deutsche Bank has sold its headquarters in Madrid in a €42 million sale and leaseback with Indian businessman Ram Bhavnani.
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April 16, 2013 - APP begins Heathrow development
Outlet: PropertyEU - Online
The Airport Property Partnership (APP) has started construction of a logistics development at Heathrow Airport.
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April 16, 2013 - Kimco Realty acquires Wilton River Park for $42 million
Outlet: Commercial Record - Online
Kimco Realty Corp. has purchased the Wilton Executive Campus and Shoppes in Wilton for $42 million. This transaction has given Kimco full control of the 283,000-square-foot, grocery-anchored Wilton River Park.
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April 16, 2013 - Behringer Harvard invests in downtown Austin project
Outlet: Austin Business Journal - Online
Behringer Harvard Multifamily REIT I Inc. will provide equity capital for the Seven Rio project, which will be built on the northeast corner of West Seventh and Rio Grande streets.The investment amount was not disclosed.
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April 16, 2013 - Lloyd's insurer Cathedral begins £250 million sale
Outlet: Yahoo! Finance UK
Cathedral Capital, which is majority-owned by Alchemy, is expected to command a price tag of more than £250 million.
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April 15, 2013 - Wereldhave set to sell last two U.K. assets
Outlet: CoStar UK News
The group has appointed Griffiths Eccles to sell One Eton Street, a 42,298 sq ft mixed-use development in the center of Richmond.
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April 15, 2013 - South Beach Wyndham Hotel trades for $25 million
Outlet: GlobeSt.com
Majestic Organization LLC sold The Wyndham Garden Inn in Miami Beach to The Witkoff Group for $25.5 million.
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April 15, 2013 - Selec portfolio receives €620 million refinancing
Outlet: Released
The Selec portfolio, originally composed of 10 200 homes let to EDF in the context of a 12 year firm lease, was acquired by LBO France in 2006 in a joint venture with RREEF. The lease with EDF was renewed in 2010 for another 12 year period.
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April 15, 2013 - Rockspring funds £12.27 million Sainsbury’s supermarket development in Milton Keynes
Outlet: Released
Rockspring Property Investment Managers has announced that it is funding the development of a supermarket in Milton Keynes for £12.27 million, reflecting a net initial yield of 5.1 percent, on behalf of a separate account mandate.
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April 15, 2013 - FORE Partnership makes first Scottish acquisition
Outlet: Released
FORE Partnership, the private investment club for family offices, part of the Cording Group, has completed the acquisition of New Telecom House, a landmark office building in Aberdeen.
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April 15, 2013 - CBRE Global acquires Düsseldorf hypermarket fpr €25 million
Outlet: Released
CBRE Global Investors has completed the acquisition of a hypermarket in Düsseldorf, Germany, for more than €25M on behalf of its Pan European Core Fund.
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April 12, 2013 - Admiral Capital Group, UNC student-managed fund buys Atlanta condo
Outlet: San Antonio Business Journal - Online
Admiral Capital Group and Wood Partners have teamed up with the University of North Carolina Kenan-Flagler Business School’s student-managed real estate fund to buy a condominium in Atlanta.
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April 12, 2013 - Garrison Investment pays $72.7 million for La. retail center
Outlet: Commercial Real Estate Direct
Garrison Investment Group has purchased the Louisiana Boardwalk, a 544,175-square-foot lifestyle retail center in Bossier City, La., for $72.7 million.
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April 12, 2013 - YMCA Retirement Fund signs deal at 120 Broadway
Outlet: GlobeSt.com
The YMCA Retirement Fund has signed a 52,000-square-foot lease at the Equitable Building at 120 Broadway.
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April 12, 2013 - Investor pays $30 million for Lutz retail center
Outlet: Gulf Coast Business Review - Online
Prestige Properties & Development purchased the 139,347-square-foot Van Dyke Commons in Lutz for $30.01 million.
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April 11, 2013 - SEGRO acquires Zeran Park II for €43.2 million
Outlet: RTTNews.com
SEGRO has acquired Zeran Park II in Warsaw for €43.2 million from AREA Property Partners and Apollo-Rida Poland.
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April 11, 2013 - Cassidy Turley sells Arizona shopping center for $25.35 million
Outlet: AZRE: Arizona Commercial Real Estate - Online
Cassidy Turley Arizona has announced the $25.35 million sale of Kierland Village Center, a neighborhood shopping center in Scottsdale, Ariz.
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April 11, 2013 - JLL helps close $608 million in multifamily sales in D.C. region
Outlet: National Real Estate Investor - Online
Jones Lang LaSalle’s capital markets team closed on sales of four multifamily properties in the Washington, D.C. area totaling approximately $608 million.
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April 11, 2013 - Fortis Venture paid $205 million for Dallas-area office
Outlet: Commercial Real Estate Direct
A venture led by Fortis Property Group paid $205 million for the Colonnade, a 1.1 million-square-foot office property in the Dallas suburb of Addison, Texas.
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April 11, 2013 - Two South Georgia properties bring $37.5 million
Outlet: Released
Marcus & Millichap Real Estate Investment Services has arranged the sale of The Residences at Five Points, a multifamily complex, and College Station, a student housing community, both in Valdosta, Ga.
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April 11, 2013 - Prologis developing warehouse in Jersey City, N.J.
Outlet: Commercial Real Estate Direct
Prologis is developing an 800,000-square-foot warehouse in Jersey City, N.J. The facility, near the Hackensack River, will be occupied by Ahold USA and Imperial Bag & Paper Co.
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April 11, 2013 - Leggat McCall proposes mixed-use building for Cambridge, Mass.
Outlet: Boston Herald - Online
Leggat McCall Properties has proposed redeveloping the former Edward J. Sullivan Courthouse in Cambridge, Mass., into a 22-story building.
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April 11, 2013 - Prologis to build Subaru parts distribution center near Indianapolis
Outlet: Commercial Real Estate Direct
Prologis, a San Francisco REIT will build a 715,000-square-foot regional parts distribution center in Indiana for Subaru of America.
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April 11, 2013 - Griffin Capital acquires HealthSpring's MetroCenter Campus for $36.4 million
Outlet: CoStar Group
Griffin Capital Corporation has acquired the two-building HealthSpring MetroCenter campus from affiliates of Southeast Venture for $36.4 million.
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April 11, 2013 - Camden Reserve sells for $40.5 million
Outlet: CoStar Group
Camden Property Trust has sold the 526-unit Camden Reserve Apartments at 5300 Lake Margaret Dr. in Orlando, Fla., to Carroll Organization.
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April 11, 2013 - Tristan fund acquires Berlin offices
Outlet: Released
Tristan Capital Partners' Episo 3 fund has bought two office buildings in Berlin for an undisclosed amount.
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April 10, 2013 - Two MetroCenter buildings sell for $36.4 million
Outlet: Tennessean - Online, The
Griffin Capital Corp. has purchased MetroCenter business park for $36.4 million in the first significant office property sale in Nashville this year.
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April 10, 2013 - American Realty sells Atlanta multifamily duo
Outlet: GlobeSt.com
American Realty Advisors is disposing of strategic multifamily assets in the Atlanta area. The firm just sold ALARA State Bridge and ALARA Highland Park.
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April 10, 2013 - Westfield launches $400 million redevelopment project
Outlet: Weekend Australian, The
Westfield Retail Trust is to launch a $400 million redevelopment to expand the Westfield Garden City at Mt Gravatt in Brisbane.
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April 10, 2013 - TIAA-CREF sells multifamily property for $29.3 million
Outlet: CoStar Group
BET Investments, Inc. acquired the 216-unit Lincoln Woods Apartments at 9801 Germantown Pike in Lafayette Hill, Penn. from TIAA-CREF for $29.3 million.
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April 10, 2013 - Prudential Real Estate Investors sells Boston multifamily property for $87 million
Outlet: CoStar Group
A joint venture led by Prudential Real Estate Investors completed its sale of Alterra at Overlook Ridge 1B at 11 Overlook Ridge Drive in Revere, Mass., to Mack-Cali Realty Corp. for $87.95 million.
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April 10, 2013 - Suburban Chicago retail center sells for $28 million
Outlet: CoStar Group
Goldman Sachs sold Poplar Creek Crossing, a regional shopping center in the Chicago, Ill., suburb of Hoffman Estates, for $28 million. DeBartolo Development acquired the property through a joint venture with a Canadian pension fund.
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April 10, 2013 - Aimco acquires oceanfront M-F complex in La Jolla for $29 million
Outlet: Commercial Property Executive - Online
In a $29 million deal, Aimco has acquired Prospect 400, a 60-unit oceanfront property in La Jolla.
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April 10, 2013 - Ameritus agrees to buy Chicago office building
Outlet: Crain's Chicago Business - Online
Ameritus Corporate Real Estate Service has agreed to pay about $25 million for a 243,000-square-foot office building 205 West Wacker Drive in Chicago.
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April 10, 2013 - Canadian REIT buys Naperville office property
Outlet: Crain's Chicago Business - Online
Agellan Commercial REIT of Canada has paid $83.4 million for the 486,000-square-foot Naperville Woods Office Center in Naperville, Ill.
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April 10, 2013 - Carroll pays $40.5 million for Orlando apartments
Outlet: Commercial Real Estate Direct
Carroll Organization has paid $40.5 million for Camden Reserve, a 526-unit apartment property in Orlando, Fla.
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April 10, 2013 - Piedmont Office sells office building in N.J.
Outlet: NJBiz - Online
M&M Realty Partners has purchased a 236,710-square-foot office building at 1111 Durham Ave. in South Plainfield, N.J.
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April 10, 2013 - California firm snaps up downtown office towers
Outlet: Indianapolis Business Journal - Online
Hertz Investment Group has completed its purchase of the nearly 650,000-square-foot Capital Center in downtown Indianapolis.
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April 10, 2013 - Dublin apartment development enters the sales market with €70 million price tag
Outlet: Irish Times - Online, The
A new development of 420 apartments in Dublin goes for sale as a single investment with a guide price of €70 million. It is the largest ever sale of its kind in the city.
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April 9, 2013 - Singapore property set to be sold for a staggering $242 million
Outlet: Property Report Thailand - Online
An elevated 7,900-square-meter plot, located on Singapore’s coveted Nassim Road, was recently put on the market for a record $242 million. The plot comprises a two-storey property, tennis court and swimming.
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April 9, 2013 - Hines to co-develop office scheme in Manchester
Outlet: PropertyEU - Online
Hines has signed a joint venture agreement to fund and develop a office scheme in the United Kindowm city of Manchester.
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April 9, 2013 - Colonie Center sold to KKR global real estate investment firm
Outlet: Business Review - Online
KKR & Co., a global investment firm based in New York City, and its partners bought Colonie Center, the second-largest shopping mall in the Albany, N.Y. region.
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April 9, 2013 - Downtown Chicago office building and neighboring parcels listed for sale
Outlet: Commercial Real Estate Direct
A 1.3 million-square-foot office building at 311 South Wacker Drive in Chicago, along with development parcels on both sides of it are being offered for sale.
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April 9, 2013 - Cousins pays $103.5 million for Austin CBD asset
Outlet: CityBizList - Houston
Cousins Properties has agreed to acquire 816 Congress in Austin, a 434,000 square foot class A office property, for $103.5 million.
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April 9, 2013 - Investcorp pays $200 million for five offices
Investcorp has purchased three office properties comprised of five buildings in the Washington, D.C., Denver and Houston areas with 1.1 million square feet for roughly $200 million.
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April 9, 2013 - Moinian to Build 1,191-Unit Apartment Building in Manhattan
Outlet: Insider Rater News
Joseph Moinian has filed plans with New York City to build a 1,191-unit apartment complex at 605 West 42nd St. in Manhattan.
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April 9, 2013 - Prado Group buys San Francisco apartment portflio
Outlet: San Francisco Business Times
Neveo Mosser of Mosser Cos. has sold a portfolio of four San Francisco apartment buildings with a total of 249 units for $48 million.
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April 9, 2013 - Delin purchases fourth asset for fund
Outlet: Released
Delin Capital Asset Management has continued its active acquisition programme with the purchase of its fourth asset, for its €400 million Capital Preservation Portfolio I.
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April 9, 2013 - Hampton Inn near TIA sold for $15.8 million
Outlet: Tampa Bay Business Journal - Online
The Hampton Inn Tampa International Airport/Westshore has sold for $15.75 million.
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April 9, 2013 - Arizona firm to build 399 apartment units
Outlet: GlobeSt.com
The Wolff Co., a multifamily development firm based in Scottsdale, Ariz., has purchased a 9-acre parcel of land for $24.2 million from investment partnership KL Anaheim.
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April 9, 2013 - European fund Alecta plans three residential high-rises on Seattle's First Hill
Outlet: Puget Sound Business Journal - Online
European pension fund Alecta plans to develop three skyline-changing high rises on Seattle’s First Hill.
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April 8, 2013 - Home Properties sells two apartment properties
Outlet: PR Newswire
Home Properties has announced the sale of two properties with a combined total of 511 units for $109.1 million.
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April 8, 2013 - Equus sells 330-unit downtown Chicago student housing
Outlet: Commercial Property Executive - Online
Equus Capital Partners has sold a 330-unit student housing facility in Chicago for $58.5 million to a joint venture between Atlas Real Estate Partners, Marc Real Residential Marc Real Residential and Angelo, Gordon and Co.
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April 8, 2013 - Northstar pays $865 million for manufactured housing portfolio
Outlet: MSN Money (US)
NorthStar Realty Finance Corp. has acquired a manufactured housing portfolio comprising 71 communities containing approximately 17,000 pad rental sites located throughout five states.
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April 8, 2013 - MAC buys into Brisbane office tower
Outlet: Property Australia - Online
The SA Motor Accident Commission (MAC) has acquired Grosvenor’s 50 percent interest in 400 George St., Brisbane for $195.8 million.
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April 8, 2013 - Patrizia scoops up more German property in $3.3 billion deal
Outlet: GlobalPost.com
A consortium led by German real estate firm Patrizia won the bidding for GBW in Germany's largest residential property deal and the group's second major purchase from a bailed-out public sector bank within two years.
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April 5, 2013 - Equus Capital sells office portfolio for $33 million
Outlet: CoStar Group
TA Associates Realty acquired the Highview at Providence Corporate Center, a two-building office portfolio located at 200 and 400 Campus Dr. in Collegeville, Pa. from Equus Capital Partners, Ltd. for $33 million.
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April 5, 2013 - ARC Healthcare buys medical campus for $19.2 million
Outlet: Atlanta Business Chronicle - Online
American Realty Capital Healthcare Trust recently purchased Northside East Cobb Medical Campus in Georgia for $19.2 million.
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April 5, 2013 - Equus sells downtown Chicago student housing for $58.5 million
Outlet: Minnesota Real Estate Journal - Online
Equus Capital Partners, formerly BPG Properties, has sold a 330-unit student housing facility in Chicago, for $58.5 million. The purchaser was a joint venture between Atlas Real Estate Partners, Marc Real Residential and Angelo, Gordon and Co.
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April 5, 2013 - RioCan REIT purchases interest in three shopping malls for $397 million
Outlet: Yahoo! Finance Singapore
RioCan Real Estate Investment Trust has purchased an interest in three Ontario hotels for $397 million (at RioCan's interest).
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April 5, 2013 - Beltrane buys two London office buildings for £20 million
Outlet: Property Mall
Beltane Asset Management buys two office buildings in London for £20 million. The properties are 108 Cannon Street, EC4 and Asia House, Lime Street EC3.
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April 5, 2013 - DCAM buys warehouse in Netherlands for €36 million
Outlet: CoStar UK News
Delin Capital Asset Management (DCAM) has bought a distribution warehouse in the Netherlands from DHG Group for €36 million.
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April 4, 2013 - CLK Properties acquires multifamily property in Tenn.
Outlet: Memphis Business Journal - Online
Woodbury, N.Y.-based CLK Properties, operating as CLK LV NRFC Country Squire Owner LLC, purchased the 972-unit Country Squire Apartments for $49.2 million.
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April 4, 2013 - BET Investments purchases Penn. apartment complex
Outlet: Philadelphia Business Journal - Online
BET Investments Inc. has purchased Lincoln Woods, a 216-unit apartment complex at 9801 Germantown Pike in Lafayette Hill, Pa., for around $30 million.
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April 4, 2013 - Atlanta Property Group buys Northcreek for $72 million
Outlet: Atlanta Business Chronicle - Online
Atlanta Property Group has acquired the more than 536,000 square foot Northcreek office park for about $72 million.The seller was CBRE Global Investors, which had purchased the property in 2008 on behalf of its Strategic Partners U.S. Value V fund, f
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April 4, 2013 - Mack-Cali acquires second luxury multifamily property in Boston
Outlet: SYS-CON Media
Mack-Cali Realty Corp. has acquired Alterra at Overlook Ridge IB in Boston for approximately $88 million. The transaction follows the January acquisition of the sister building, Alterra at Overlook Ridge IA.
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April 4, 2013 - Japanese company NTT buys prime office property for £77 million
Outlet: CoStar UK News
NTT Urban Development, a subsidiary of Japanese telecoms company Nippon Telegraph & Telephone Corporation, has bought a prime office property in the United Kingdom for around £77 million.
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April 4, 2013 - Prudential sells 800 Wilshire office building for $49.6 million
Outlet: Commercial Real Estate Direct
Lincoln Property Co. has agreed to pay Prudential Real Estate Investors about $49.6 million, or $220/sf, for 800 Wilshire Blvd., a 225,728-square-foot office building in downtown Los Angeles.
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April 4, 2013 - Archstone Crystal Towers trade for record $322 million
Outlet: GlobeSt.com
Archstone Crystal Towers has traded for $322.25 million setting a record for a single multifamily property trade in the area.
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April 4, 2013 - Eagle Rock buys apartment property for $29.5 million
Outlet: Commercial Real Estate Direct
A fund managed by Eagle Rock Advisors has paid $29.5 million for the 597-unit Clemens Place Apartments in Hartford, Conn.
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April 4, 2013 - San Diego business campus sells for $22.5 million
Outlet: Commercial Real Estate Direct
A tenant-in-common entity sponsored by Thompson National Properties has sold Copley Business Center, a 102,000-square-foot office campus in San Diego, to Highbrook Investment Management for $22.5 million.
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April 4, 2013 - Tristan Fund acquires French logistics warehouses for €56 million
Outlet: Released
CCP III, the core plus fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired two prime logistics warehouses in southern France from Groupe Carnivor for a total of €56 million.
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April 4, 2013 - Henderson acquires retail warehouse in Mistelbach, Austria
Outlet: Released
Henderson Global Investors, on behalf of its German business Warburg - Henderson KAG, has acquired a retail warehouse in Austria. The purchase price was not disclosed.
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April 4, 2013 - MGPA acquires two office buildings in Tokyo
Outlet: Released
MGPA has acquired South Shin Otsuka Building in Otsuka and Shinjuku TX Building in Shinjuku, Tokyo. The two acquisitions were made on behalf of MGPA’s German fund focused on Asia, MGPA Asien Spezialfonds.
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April 3, 2013 - KBS buys Austin office portfolio for $76 million
Outlet: Released
KBS Realty Advisors has purchased eight office properties in Austin from an affiliate of Thomas Properties Group for $76 million.
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April 3, 2013 - SEB raises $385 million from sale of three Berlin properties
Outlet: Bloomberg News - Online
SEB Asset Management AG has raised about €300 million ($385 million) selling a hotel in the Potsdamer Platz complex and two other buildings in Berlin for its ImmoInvest fund, which is due to be dissolved in 2017.
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April 3, 2013 - Federal Realty acquires retail property in Darien, Conn.
Outlet: Sys-Con Brazil
Federal Realty Investment Trust has acquired a shopping center on 9 acres directly across from the Noroton Heights train station in affluent Darien, Conn., for $47.3 million.
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April 3, 2013 - Seattle office tower sold for $35.45 million
Outlet: Commercial Real Estate Direct
An affiliate of Rockpoint Group of Boston has paid $35.45 million for the 130,500-square-foot Pacific Building in downtown Seattle.
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April 3, 2013 - Bascom Group pays $35.22 million for Arizona apartments
Outlet: Commercial Real Estate Direct
An affiliate of the Bascom Group of Irvine, Calif., has paid $35.22 million for the 352-unit Fairways apartment complex in Chandler, Ariz.
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April 3, 2013 - Roseland developing 371-unit apartment complex in Mass.
Outlet: Banker & Tradesman - Online
Roseland Property Co. is developing a 371-unit apartment complex in Malden, Mass. The four-building property, the Highlands at Overlook Ridge, is scheduled to open in 2014.
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April 3, 2013 - 63 apartment units in Manhattan sell for $20.6 million
Outlet: CityBizList Real Estate
Three apartment buildings with 63 units in Manhattan's Murray Hill section have been sold for $20.6 million.
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April 3, 2013 - Symcor buys Southern Florida apartment complex for $19.7 million
Outlet: Commercial Real Estate Direct
Symcor Capital Properties Inc. has paid $19.7 million for the Fountains at North Port, a 312-unit apartment property in southern Florida.
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April 3, 2013 - Lane Co. offers luxury apartment for sale
Outlet: Commercial Real Estate Direct
An affiliate of Lane Co. is offering for sale the Mosaic Westshore, a 210-unit luxury apartment property in Tampa, Fla.
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April 3, 2013 - Walton Street venture buying Continental Towers
Outlet: Crain's Chicago Business - Online
Walton Street Capital and GlenStar Properties has paid about $59 million for the Continental Towers complex in Rolling Meadow, Ill.
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April 3, 2013 - Trade Street Residential buys Altanta-based apartment property for $15.25 million
Outlet: Commerical Real Estate Direct
Trade Street Residential has paid $15.25 million for the 178-unit Vintage at Madison Crossing in Huntsville, Ala.
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April 3, 2013 - Bristol airport hotel ready for take off
Outlet: HotelNewsNow.com
Bristol International Airport has signed an agreement with Pedersen Airport Hotels for the development of an on-site hotel.
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April 3, 2013 - Pinnacle Hotels USA acquires Marriott Riverside for $19.3 million
Outlet: HotelNewsNow.com
Pinnacle Hotels USA has acquired the 292-room Marriott Riverside for $19.3 million from Sunstone Hotels.
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April 3, 2013 - Internos advises Quintain on the sale of 50 percent stake in Hilton Wembley Hotel
Outlet: Released
Internos Global Investors announces has advised Quintain Estates & Development on the £30.1 million sale of a 50 percent interest in the 361-room Hilton Wembley Hotel in London to a fund managed by Oaktree Capital Management.
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April 3, 2013 - Great Portland joint venture acquires London office building
Outlet: PropertyEU - Online
A joint venture of Great Portland Estates and the BP Pension Fund has acquired an office building in London for £30 million (€35 million).
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April 3, 2013 - Morgan Stanley Real Estate Investing forms venture with Paris Inn Group
Outlet: PropertyEU - Online
Morgan Stanley Real Estate Investing has formed a joint venture with hotel investor and manager Paris Inn Group to invest in the Paris hotel sector. The two partners have made their first joint acquisition with the purchase of a portfolio of four hotels.
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April 3, 2013 - Raine Square to go for $420 million
Outlet: Australian- Online, The
The Perth skyscraper Raine Square, which has been put up for sale by receivers, may sell for about $420 million.
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April 3, 2013 - Primark Distribution Unit sold for £60.5 million
Outlet: Logistics Handling
LondonMetric Property, the U.K. REIT recently created through the merger of London & Stamford Property and Metric Property Investments has acquired Primark Distribution Unit, Thrapston from Moorfield Real Estate Fund II for £60.5 million.
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April 3, 2013 - InfraRed buys Clayton Square Shopping Center
Outlet: Place North West
Clayton Square Shopping Centre in Liverpool has been sold by Land Securities to InfraRed Capital Partners.
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April 2, 2013 - GPE JV snaps up office building on Old Street
Outlet: London South East - Online
Great Portland Estates (GPE) has purchased a 97,807 square-foot office building on Old Street, Central London.
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April 2, 2013 - Deutsche acquires three West Coast commercial properties for $266 million
Outlet: Released
Deutsche Asset & Wealth Management, on behalf of three institutional investors, has acquired three West Coast commercial properties for $266 million.
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April 2, 2013 - Chesapeake buys New Orleans Hotel for $25.5 million
Outlet: Commercial Real Estate Direct
Chesapeake Lodging Trust has paid $25.5 million for the 97-room W New Orleans - French Quarter hotel in New Orleans.
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April 2, 2013 - DDR pays $81 million for two retail properties
Outlet: Commercial Real Estate Direct
DDR Corp. has paid a total of $81 million for two retail centers in Dallas and Oakland, Calif.
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April 2, 2013 - Hines pays $197.3 million for Riverside Center
Outlet: Released
Hines REIT has acquired Riverside Center, a 509,702-square-foot suburban Boston office complex, for $197.3 million.
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April 2, 2013 - Three NW Austin office buildings sell for $76 million
Outlet: Austin American-Statesman - Online
An affiliate of Thomas Properties Group has completed the sale of three office properties in northwest Austin for $76 million.
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April 2, 2013 - Bixby/Cornerstone JV purchases El Segundo office building
Outlet: National Real Estate Investor - Online
Bixby Land Co. and Cornerstone Real Estate Advisers have purchased the 112,695-square-foot office building at 2101 El Segundo Blvd. in El Segundo, Calif., from The Krausz Cos. The purchase price was not disclosed.
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April 2, 2013 - AXA Real Estate’s Tokyo Office Property Fund agrees first acquisitions totalling ¥10 billion
Outlet: Released
AXA Real Estate Investment Managers has announced that the Tokyo Office Property Fund has completed the its first acquisition, Shinjuku Sanchome located in the Shinjuku ward of central Tokyo.
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April 2, 2013 - InterRent completes $35 million acquisition in Montreal, Quebec
Outlet: Daily Commercial News - Online
InterRent Real Estate Investment Trust has acquired three concrete high-rise buildings ideally situated in Côte Saint-Luc on the Island of Montreal, Quebec.
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April 1, 2013 - Digital acquires Delta data center in $37 million SLB
Outlet: National Real Estate Investor - Online
Digital Realty Trust has acquired a 329,000-square-foot data center facility here from Delta Air Lines in a $37 million sale-leaseback transaction (SLB).
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April 1, 2013 - Monarch buys 662-unit apartments for $34 million
Outlet: National Real Estate Investor - Online
Monarch Investment and Management Group has purchased the 662-unit Town & Country Apartments from Axiom Properties from $34.5 million.
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April 1, 2013 - Suburban Atlanta apartments sold for $63 million
Outlet: Commercial Real Estate Direct
Cortland Partners has paid $63 million, or about $75,500/unit, for the Idlewylde apartment complex in the Atlanta suburb of Duluth, Ga. Multi Housing Advisors brokered the sale of the 843-unit property. The seller was not known.
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April 1, 2013 - Lexington Realty Trust completes industrial facility sale/leaseback
Outlet: RenewableEnergyWorld.com
Lexington Realty Trust, a real estate investment trust today announced that one of its wholly-owned subsidiaries closed on the acquisition of an industrial facility in Houston, Tex. for a capitalized cost of approximately $81.4 million.
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April 1, 2013 - W French Quarter hotel sells for $25.5 million
Outlet: Released
Starwood Hotels & Resorts Worldwide, Inc. has completed the sale of W® New Orleans – French Quarter to Chesapeake Lodging Trust for $25.5 million. As part of the agreement, the hotel will continue to fly the W brand flag under a long-term management
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April 1, 2013 - LACERA acquires two office buildings in Seattle
Outlet: The CoStar Group
The Los Angeles County Employees Retirement Association has acquired two office buildings in the Union Station office complex located in Seattle, Wash., from Seattle Union Station for $96.9 million.
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April 1, 2013 - Marcus & Millichap arranges sale of 662-unit apartment complex
Outlet: Minnesota Real Estate Journal - Online
Marcus & Millichap Real Estate Investment Services has arranged the sale of Town & Country Apartments, a 662-unit apartment complex with a 52-unit self-storage facility onsite, located in Urbana, Illinois. The sales price of $34.5 million equates to
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April 1, 2013 - Harrison Street buys LIU student housing for $61 million
Outlet: The Real Deal
Harrison Street Real Estate Capital has paid $62.7 million for 490 Fulton St. in Brooklyn, N.Y. C.
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April 1, 2013 - Silver Spring, Md., apartments sell for $40.75 million
Outlet: Commercial Real Estate Direct
Azure Partners has purchased the 261-unit Aston Woods apartments in the Washington, D.C., suburb of Silver Spring, Md., for $40.75 million.
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April 1, 2013 - JDS Development and Property Markets Group to build hotel, condo tower in Manhattan
Outlet: Real Deal, The
A partnership led by Michael Stern’s JDS Development and Property Markets Group has $46 million for a stake in the 247,000-square foot building at 109 West 57th Street belonging to Steinway Musical Instruments.
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April 1, 2013 - KBS REIT pays $239 million for San Jose, Calif., office complex
Outlet: Commercial Real Estate Direct
An affiliate of KBS REIT II Inc. has paid $239 million for the 610,083-square-foot Corporate Technology Centre in San Jose, Calif. The property consists of eight office buildings on 32.7 acres.
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April 1, 2013 - Bascom completes ninth acquisition
Outlet: Released
Bascom Arizona Ventures has closed its ninth acquisition named The Fairways Apartments, a 352-unit community located in Chandler, Ariz. for $35.2 million.
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April 1, 2013 - Panther Properties Investment acquires three class A apartment communities
Outlet: Released
Panther Properties Investment has acquired a $75 million, three property multifamily portfolio totaling 740 units.
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April 1, 2013 - Whitestone REIT acquires headquarters village on Preston Rd for $25.7 million
Outlet: CityFeet.com
Whitestone REIT has closed on the off-market purchase of Headquarters Village, a 89,134 square foot Community Center located within the Preston Road retail corridor in Plano, Texas, for $25.7 million.
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April 1, 2013 - W-French Quarter sells for $25 million
Outlet: New Orleans City Business - Online
Starwood Hotels & Resorts has completed the sale of W New Orleans-French Quarter to Chesapeake Lodging Trust for $25.5 million.
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April 1, 2013 - AR Capital closes on $112 million NYC office buy
Outlet: CoStar Group
American Realty Capital NY Recovery REIT has closed on its previously-announced acquisition of 218 W. 18th St. in New York City for $112 million.
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April 1, 2013 - Prudential to enter rented housing market
Outlet: Selftrade.co.uk
Insurer Prudential is set to become the first institutional investor to enter Britain's rented housing market.
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April 1, 2013 - Garden City retail units sell for $66.2 million
Outlet: Real Estate Weekly - Online
Metropolitan Realty Associates and Angelo, Gordon & Co. have announced the $66.25 million sale of the retail condominiums at 711 Stewart Ave. in Garden City, N.J., to Hampshire Cos.
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March 30, 2013 - Charleston's newest office building fetches $24 million
Outlet: Post and Courier - Online, The
CMB Property Co.’s 25 Calhoun CMB has acquired 25 Calhoun St. for $24 million.
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March 29, 2013 - Carter Validus REIT pays $19.5 million for Raleigh Data Center
Outlet: CoStar Group
Carter Validus Mission Critical REIT acquired the 143,770 square-foot flex building in Morrisville, NC, from Duke Realty Corp. for $19.5 million.
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March 29, 2013 - Downtown Austin's Block 21 hits the market
Outlet: Austin Business Journal - Online
The Block 21 development downtown Austin, Tex., home to the W Austin Hotel and the ACL Live venue, is looking for a buyer. A brochure for the mixed-use project, being marketed by Jones Lang LaSalle’s Hotels & Hospitality Group, doesn't list a for-sal
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March 29, 2013 - Infinity Urban Century pays $12.5 millionfor ground lease of distressed Murray Hill building
Outlet: Real Deal - Online, The
Infinity Urban Century has purchased the ground lease at a Murray Hill mixed-use building for $12.5 million from alleged slumlord Bahram Hakakian.
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March 29, 2013 - AMD completes $164 million sale-leaseback in Austin
Outlet: Citybizlist - Dallas Real Estate
Advanced Micro Devices (AMD) has sold its Lone Star Campus at 7171 Southwest Parkway in Austin, TX to 7171 Southwest Parkway Holdings for $164 million.
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March 29, 2013 - D.C.'s Washington Harbour offered for sale
Outlet: Commercial Real Estate Direct
A venture of MRP Realty and Rockpoint Group is offering for sale Washington Harbour, a 557,961-square-foot retail and office property in Washington, D.C.
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March 29, 2013 - Vacant Los Angeles building to become office space
Outlet: Commercial Real Estate Direct
Lincoln Property Co. has paid $16.25 million for a vacant building at 11th and Hope streets in downtown Los Angeles.
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March 29, 2013 - McCaw family sells two Union Station office buildings in Seattle
Outlet: Puget Sound Business Journal
Two office buildings in Seattle's Union Station tech office complex were sold Wednesday for a total of $96.9 million.
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March 29, 2013 - Blackstone in sales market with 500,000-square-foot trophy building in L.A.
Outlet: Commercial Real Estate Direct
Blackstone Group is in the market to sell 1888 Century Park East, a 500,000-square-foot office property in Los Angeles' Century City area.
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March 29, 2013 - CBRE sells two massive office complexes
Outlet: GlobeSt.com
CBRE has completed sale of Corporate Technology Center and a separate sale in Sunnyvale, Oakmead West complex.
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March 29, 2013 - Cromwell places $2 billion in assets up for sale
Outlet: BusinessDay
Listed Cromwell Property Group will put up for sale office assets in Sydney and Melbourne. Across the country, office assets worth almost $2 billion are being prepared for sale as the owners look to reinvest the cash into new developments.
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March 28, 2013 - Landmark hotel sold in £300 million
Outlet: Express and Star - Online
InterContinental Hotels has sold Park Lane hotel in London to Constellation Hotels for £301.5 million.
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March 28, 2013 - Union Investment takes profits on sale of Trianon office property in Prague
Outlet: Released
Union Investment has sold the Trianon office property in Prague, held by its open-ended real estate fund UniImmo: Europa, for around €53.8 million.
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March 28, 2013 - The Carlyle Group expands student housing portfolio through £17 million purchase
Outlet: Released
A joint venture between Generation Estates and The Carlyle Group, has grown its student accommodation portfolio through the acquisition of 60 Commercial Road and two nearby properties in Whitechapel, London, for a total of £17 million.
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March 28, 2013 - Kismis Lodge sells to Newfort Alliance for S$84.18 million
Outlet: Property Report Thailand - Online
Kismis Lodge, a landed residential development in Singapore, has been successfully sold to Newfort Alliance (Cairnhill) Pte Ltd.
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March 28, 2013 - Digital Realty acquires data center in Ontario
Outlet: Sys-Con Brazil
Digital Realty Trust has completed the acquisition of 371 Gough Road in Markham, Ontario, a 120,000 square foot data center development property.
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March 27, 2013 - W.P. Carey buys two properties for $26 million
Outlet: National Real Estate Investor - Online
W. P. Carey has purchased two properties here and in Dallas for $26 million.
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March 27, 2013 - LCB, Grosvenor JV on NH senior housing
Outlet: GlobeSt.com
A joint venture of LCB Senior Living and Grosvenor Fund Management has acquired the Arbors of Bedford for $35 million. It’s the first deal for LCB.
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March 27, 2013 - Miami beach resort and spa sells for $117 million
Outlet: Commercial Real Estate Direct
An entity led by Joseph Chetrit has purchased the 424-room Miami Beach Resort and Spa for $117 million.
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March 27, 2013 - Korean group to pay $218 million for Chicago office building
Outlet: Crain's Chicago Business
Mirae Asset Global Investments of South Korea has agreed to pay about $218 million for a 650,812-square-foot office building at 225 West Wacker Drive in Chicago.
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March 27, 2013 - Hillwood Properties to develop 1.2-million-square-foot industrial building
Outlet: Dallas Business Journal - Online
Hillwood Properties has proposed a 1.2 million-square-foot industrial project in Fort Worth, Texas. The property is going up in the 650-acre Alliance Center industrial complex.
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March 27, 2013 - Nakash Holdings pays more than $100 million for D.C. office building
Outlet: Commercial Real Estate Direct
Nakash Holdings has paid more than $100 million for the Bond Building, a 175,000-square-foot office building at 1400 New York Ave. NW in Washington, D.C.
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March 27, 2013 - Phillips Edison pays $48.8 million for three shopping centers
Outlet: Commercial Real Estate Direct
Phillips Edison - ARC Shopping Center REIT Inc. has paid $48.8 million for three shopping centers with 276,143 square feet in Texas, South Carolina and Florida.
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March 27, 2013 - Prologis buys South San Francisco truck terminal
Outlet: Registry - Online, The
Prologis has paid $15.6 million for a 23,840-square-foot industrial property on 201 Haskins Way in South San Francisco.
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March 27, 2013 - 3D Investments buys Florida mall from CMBS Trust
Outlet: Commercial Real Estate Direct
3D Investments has acquired the Oviedo Marketplace mall near Orlando, Fla., from Wachovia Bank Commercial Mortgage Trust.
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March 27, 2013 - Fremont pays $22.7 million for Metro Center
Outlet: Hartford Business Journal
West Hartford realty firm Fremont Group paid $22.7 million for its purchase of downtown Hartford's class A Metro Center office tower.
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March 27, 2013 - Steinway to sell N.Y.C. flagship building to Condo developer
Outlet: Bloomberg
Investors led by JDS Development Group have agreed to pay $46 million for the 247,000-square-foot Steinway Hall in Manhattan.
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March 27, 2013 - Dermot Co. and AFL-CIO venture offers N.Y.C. apartment building for sale
Outlet: Citybizlist New York
A venture of the Dermot Co. and AFL-CIO Building Investment Trust is offering for sale the Opal, a 388-unit apartment building in Queens, N.Y.
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March 27, 2013 - STORE Capital pays $79 million for 34 Applebee's restaurants
Outlet: Commercial Real Estate Direct
STORE Capital Corp. has paid $79 million for a portfolio of 34 Applebee's restaurants that are being leased back to RMH Franchise Corp.
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March 27, 2013 - LondonMetric acquires Primark Distribution Unit in Thrapston
Outlet: Released
LondonMetric Property has purchased the Primark Distribution Unit, Thrapston from Moorfield Real Estate Fund II for
£60.5 million.
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March 27, 2013 - Belgium's Louvimmo assets sold for €34.4 million
Outlet: Released
Immobel SA and AG Real Estate Asset Management have sold to Home Invest the “Louvimmo” properties in the center of the Belgian university city Louvain-la-Neuve for €34.4 million.
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March 27, 2013 - First Reit to acquire two Indonesian hospitals for $190 million
Outlet: Straits Times - Online, The
First Real Estate Investment Trust has agreed to acquire two new income-producing hospitals in Indonesia for $190.4 million.
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March 27, 2013 - Wainbridge launches £15 million refurbishment
Outlet: Britishbuilder.co.uk - Online
Wainbridge Limited, a UK-based property company, announced that it is to undertake the first phase of a major £15 million refurbishment of landmark West End office building 1 Trafalgar Square.
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March 26, 2013 - Lone Star Funds Buys Eilan
Outlet: REDNews
Private equity firm Lone Star Funds has closed on the purchase of the 120-acre Eilan development.
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March 26, 2013 - AIG and Goldman Sachs head five-lender Gagfah €2 billion refinancing
Outlet: CoStar UK News
AIG and Goldman Sachs head a five-strong club of lenders alongside three German pfandbrief banks to refinance more than €1 billion of Gagfah’s maturing €2.06 billion securitised debt.
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March 26, 2013 - LaSalle acquires Cologne commercial property
Outlet: Released
LaSalle Investment Management Kapitalanlagegesellschaft mbH has acquired a commercial property on the Neumarkt in Cologne on behalf of a specialist investment fund managed by LaSalle KAG.
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March 26, 2013 - LaSalle’s Euro Growth II Fund sells Swedish office
Outlet: Released
LaSalle Investment Management has sold a high quality office building in the Swedish IT center of Kista to Nordika Fastigheter AB on behalf of its LaSalle Euro Growth II Fund.
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March 26, 2013 - iii-investments acquires 'Belview Offices' project in Brussels for pension scheme institutional fund
Outlet: Released
iii-investments has acquired the 'Belview Offices' project development in Brussels for a profession-linked pension scheme institutional fund that invests in real estate.
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March 26, 2013 - Wells Fargo and LaSalle provide £67 million to Blackstone for U.K. properties
Outlet: Released
Wells Fargo & Co. has provided £54.3 million ($85 million) in financing to Blackstone for the acquisition of seven distribution warehouses in core markets.
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March 26, 2013 - CCP III acquires Swan Center in Eastleigh
Outlet: Released
CCP III, a fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired the Swan Center in Eastleigh, Hampshire, from PRUPIM.
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March 26, 2013 - JBG completes $38 million trade of Reston Office asset
Outlet: CoStar Group
The JBG Cos. closed its $38 million sale of a 139,467-square-foot office building in Reston, Va.
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March 26, 2013 - Grosvenor Americas and Cressey announce partnership to build 319-unit tower
Outlet: Marketwire - Online
Adding to Downtown Calgary's West End skyline for the first time in nearly a decade, Grosvenor Americas and Cressey Development Group plan for a new residential two tower development with 319 suites.
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March 25, 2013 - CBRE arranges $98.2 million in financing for Reston Executive Center
Outlet: Citybizlist Washington DC
CBRE Capital Markets has arranged $98.2 million in debt financing for Reston Executive Center, three class A office buildings totaling 494,264 square feet.
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March 25, 2013 - Mapletree sells Woodlands factory for S$15.5 million
Outlet: Yahoo! Finance Singapore
Mapletree Logistics Trust has received in-principle approval from JTC Corp. to sell its property at 30 Woodlands Loop for S$15.5 million.
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March 22, 2013 - Carlyle JV scoops up massive mixed-use complex in Houston
Outlet: Law360
Private equity titan Carlyle Group teamed with a unit of developer Songy Partners to buy a 428,285-square-foot office complex from a pair of California real estate investors.
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March 22, 2013 - Billingsley to develop office building, roadway at Cypress Waters
Outlet: Dallas Business Journal
Dallas-based Billingsley Co. plans to develop an office building and a four-lane roadway at Cypress Waters, a 1,000-acre mixed-use development in the North Dallas Freeport area.
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March 21, 2013 - Cassidy Turley begins marketing WRIT medical portfolio
Outlet: Baltimore Business Journal - Online
Cassidy Turley has begun seeking buyers for Washington Real Estate Investment Trust's 1.5 million-square-foot medical office portfolio, which stretches from Greater Baltimore to Centreville.
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March 21, 2013 - Mapletree Logistics to divest property for S$15.5 million
Outlet: Business Times - Online, The
Mapletree Logistics Trust plans to divest its property at 30 Woodlands Loop in Singapore to a unit of Advanced Holdings at S$15.5 million.
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March 21, 2013 - Charter Hall almost out of the United States
Outlet: Finance News Network
Charter Hall Retail REIT has announced the sale of its interest in its last U.S. joint venture, with property developer Regency Centers, for $49 million.
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March 21, 2013 - CBRE Global sells office buildings in Philadelphia and Washington, D.C.
Outlet: Released
CBRE Global Investors has sold two class A office properties to Rosemont Realty on behalf of two funds in the CBRE Strategic Partners U.S. fund series.
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March 21, 2013 - AT&T offers Va. office building for sale
Outlet: Commercial Real Estate Direct
AT&T Inc. is offering for sale its 410,230-square-foot office property at 3033 Chain Bridge Road in the Washington, D.C., suburb of Oakton, Va. It is being offered through Cushman & Wakefield and could sell for as much as $89 million.
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March 21, 2013 - D.C. office property could sell for up to $295 million
Outlet: Commercial Real Estate Direct
Hines plans to sell he 334,175-square-foot office building at 1200 19th St. NW in Washington, D.C., for a price of $275 million to $295 million.
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March 21, 2013 - Suburban Chicago grocery store sells for $46.3 million
IM Properties of England has sold two suburban Chicago grocery stores, with about 140,000 square feet combined, for $46.3 million.
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March 21, 2013 - Rock Ventures acquires Detroit-based office building
Outlet: Commercial Real Estate Direct
Rock Ventures has acquired a 275,000-square-foot office building at 1001 Woodward Ave. in downtown Detroit. The purchase price and seller were not disclosed.
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March 21, 2013 - AvalonBay Communities announces $332 million of Washington, D.C., area dispositions
Outlet: iStockAnalyst
AvalonBay Communities has sold two communities, Avalon Decoverly and Crystal House.
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March 21, 2013 - Pompano Marketplace sells for $29.7 million
Outlet: Sun Sentinel - Online
Woolbright Development has acquired the 239,200-square-footPompano Marketplace shopping center for $29.7 million.
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March 21, 2013 - Land Securities opens Trinity Leeds
Outlet: Released
Land Securities has opened Trinity Leeds, the 1 million-square-foot shopping center in Leeds' city center.The £378 million center is 90 percent let.
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March 21, 2013 - Union Investment acquires development project for Holiday Inn hotel in Frankfurt
Outlet: Released
Union Investment has acquired the development project for a new Holiday Inn hotel at 27-31 Mainzer Landstraße, located directly on Francois-Mitterand-Platz in Frankfurt, for its open-ended real estate fund UniImmo: Deutschland.
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March 21, 2013 - Cordea Savills acquires three assets for its European Retail Fund
Outlet: Released
The Cordea Savills European Retail Fund, which launched in late 2012, has acquired its first three assets in Paris, Glasgow and Berlin for €50 million.
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March 21, 2013 - Mack-Cali enters D.C. multifamily market
Outlet: PR Newswire - Online
Mack-Cali Realty Corp. has entered the metropolitan Washington, D.C., market with a $262.5 million acquisition of an 828-unit apartment property in the Crystal City submarket of Arlington, Va.
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March 20, 2013 - TA Associates sells industrial portfolio for $35 million
Outlet: CoStar Group
TA Associates Realty sold four industrial buildings and one industrial parcel to MIM-Hayden Real Estate Funds, a joint venture between Miller Investment Management and Hayden Real Estate Investments, for $35 million.
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March 20, 2013 - Future Fund to make $175 million from selling Birmingham shopping center
Outlet: Daily Telegraph (Australia) - Online
Australia's Future Fund is set for a $175 million windfall with plans to sell its stake in a Birmingham shopping center.
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March 20, 2013 - Parkway Properties to buy 75 percent stake in US Airways' Ariz. HQ
Outlet: Commercial Real Estate Direct
Parkway Properties has agreed to pay $41.8 million for a 75 percent stake in the US Airways Building, a 218,000-square-foot office building in Tempe, Ariz.
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March 20, 2013 - CBRE arranges $70 million sale of Miami office tower
Outlet: Released
CBRE has closed the sale of 80 Southwest 8th St., an office tower with 285,595 square feet in Miami.
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March 20, 2013 - RLJ Lodging Trust acquires three-tower complex for $79.5 million
Outlet: Business Wire - Online
RLJ Lodging Trust has acquired the historic Humble Oil Building complex in downtown Houston, for a purchase price of $79.5 million.
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March 20, 2013 - Cole Corporate Income pays $74.7 million for Philadelphia-based office
Outlet: Commercial Real Estate Direct
Cole Corporate Income Trust has paid $74.7 million a 441,000-square-foot office building in Philadelphia.
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March 20, 2013 - Carter Validus REIT buys Ethicus Hospital for $23 million
Outlet: CoStar Group
Carter Validus Mission Critical REIT has acquired Ethicus Hospital in Grapevine, Texas, from Macfarlan Capital Partners for $23 million.
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March 20, 2013 - Ryerson Equity buys two warehouses in New York
Outlet: The Real Deal
Ryerson Equity has agreed to buy two Brooklyn, N.Y., buildings with 200,070 square feet for $26.25 million.
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March 20, 2013 - Cole Credit buys Atlanta-area retail property for $61.08 million
Outlet: Citybizlist - Altanta Real Estate
Cole Credit Property Trust IV has purchased a 350,289-square-foot space at the Canton Marketplace retail center in suburban Atlanta for $61.08 million.
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March 20, 2013 - Lone Star Funds acquires mixed-use property
Outlet: Globenewswire - Online
Éilan, a luxury mixed-use development community in San Antonio, Tx., has been purchased by Lone Star Funds as part of a 20 property U.S. portfolio. The purchase price was not disclosed.
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March 20, 2013 - Skanska/Costain JV signs a €232 million contract for Crossrail Bond Street station in London
Outlet: CIJJournal.com
Swedish Skanska UK has won a five-year contract to participate in the construction of the new Crossrail Bond Street Station in London in a joint venture with the British builder Costain.
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March 19, 2013 - Neinver opens second outlet centre in Warsaw
Outlet: PropertyEU - Online
Last week Factory Warsaw Annopol held its grand opening. It is the fifth outlet to be opened by Spanish group Neinver in Poland, and its second in Warsaw. Neinver has invested $45.2 million (€35 million) in this project.
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March 19, 2013 - Jones Lang LaSalle selects Bangalore for its first India fund deal
Outlet: Economictimes
Jones Lang LaSalle will be making its first real estate investment from its maiden India-focused fund in Bangalore. The transaction, which will be made by Jones Lang LaSalle's Segregated Funds Group, will look to invest about .`30 crore in city-centric luxury residential projects.
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March 19, 2013 - Marcus & Millichap arranges $32.8 million government-leased office complex
Outlet: Released
Marcus & Millichap Real Estate Investment Services has arranged the sale of 100 East California Ave., a 166,565-square foot three-building office complex in Bakersfield that is 100 percent leased to Kern County, Calif. through 2028.
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March 19, 2013 - Davis Cos. buys two distressed warehouses for $25 million
Outlet: Boston Business Journal
The Davis Cos., a Boston-based real estate investment, development and management firm, continued its buying spree with the purchase of a pair of foreclosed warehouses for $25.2 million.
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March 19, 2013 - Omni Hotels gets $250 million loan for three hotels
Outlet: Dallas Business Journal
Omni Hotels Corp. has lined up $250 million of financing for a portfolio of three hotels it owns with a total of 1,339 rooms. Prudential Mortgage Capital Co. provided the fixed-rate debt.
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March 19, 2013 - Redevelopment plans for Queens, N.Y., project moving forward
Outlet: Crain's New York Business - Online
The New York City Planning Commission has approved the $3 billion redevelopment of Willets Point in Queens, N.Y. A venture of the Related Cos. and Sterling Equities plans to redevelop the property into 2,500 apartment units.
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March 19, 2013 - Inland American pays $53 million for San Diego hotel
Outlet: Commercial Real Estate Direct
Inland American Lodging Group has paid $53 million for the Andaz San Diego, an upscale boutique hotel with 159 rooms in San Diego's Gaslamp Quarter.
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March 19, 2013 - Parkway Properties to buy 70 percent stake in three Tampa offices
Outlet: Commercial Real Estate Direct
Parkway Properties has agreed to buy the 70 percent stake held by the Teacher Retirement System of Texas in three Tampa, Fla., office properties in a deal that values them at $139.3 million.
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March 19, 2013 - Carey Watermark pays $29.9 million for Pittsburgh hotel
Outlet: Commercial Real Estate Direct
Carey Watermark Investors has paid $29.9 million for the 132-room Courtyard Pittsburgh Shadyside in Pittsburgh.
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March 19, 2013 - Maine office building sells for $31 million
Outlet: Commercial Real Estate Direct
American Realty Capital Properties Inc. has paid $31 million for a 143,030-square-foot office building from West Falmouth Development.
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March 19, 2013 - Union Investment acquires AkzoNobel headquarters development project in Amsterdam
Outlet: Released
Union Investment Real Estate GmbH has acquired development project comprising AkzoNobel's new headquarters. The parties agreed not to disclose further financial details.
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March 19, 2013 - LGP acquires Ptarmigan porfolio
Outlet: Released
Legal & General Property (LGP), on behalf of its U.K. Property Unit Trust, that it has purchased the Ptarmigan portfolio of four distribution warehouse investments from Henderson U.K. Property Trust for £41.17 million,
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March 19, 2013 - MGPA finalizes acquisition of Optima Centre in Perth, Western Australia
Outlet: Released
MGPA has finalized the acquisition of the Optima Centre in Perth, Western Australia, which it announced in January of this year.
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March 19, 2013 - Buchanan acquires Texas-based office building
Outlet: Marketwire - Online
Buchanan Street Partners has acquired a 16-story office building at 2100 West Loop South in the Galleria submarket of Houston.
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March 19, 2013 - Prologis and NBIM close €2.4 billion European JV
Outlet: Released
Prologis has announced the closing of Prologis European Logistics Partners Sarl, a €2.4 billion ($3.1 billion) joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global.
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March 18, 2013 - London's One Cornwall Terrace sells for record $120 million
Outlet: Daily Telegraph (Australia) - Online
London's One Cornwall Terrace has sold to British property tycoon Marcus Cooper for $120 million.
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March 18, 2013 - Duke Realty sells Stake in 3.3 million-square-foot portfolio
Outlet: CoStar Group
Duke Realty Corp. has sold its 20 percent stake in 17 commercial buildings it jointly owned with majority stakeholder Chambers Street Properties.
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March 18, 2013 - Fidelity to sell four Boston office buildings, land parcel
Outlet: Banker & Tradesman - Online
The real estate arm of Boston-based Fidelity Investments is putting four Boston office properties and a small land parcel in the city's Financial District on the shopping block.
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March 18, 2013 - ARCP acquires $31 million TD Bank office building
Outlet: Digital Journal
American Realty Capital Properties (ARCP) has purchased a TD Bank office building in Falmouth, Maine.
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March 18, 2013 - Four Va.-based shopping centers sold for $150 million
Outlet: Washinton Post
A venture of Principal Financial Group and Rappaport Cos. has paid $150 million for four shopping centers.
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March 18, 2013 - Hyatt pays $85 million for Driskill Hotel in Austin
Outlet: Commercial Real Estate Direct
Hyatt Hotels Corp. has paid $85 million for the 189-room Driskill Hotel from Lowe Enterprises and Clarion Partners.
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March 18, 2013 - Blu Hotel forms venture to build hotel portfolio
Outlet: Commercial Real Estate Direct
Blu Hotel Investors plans to assemble a portfolio of 25 to 30 hotels over the next five years.
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March 18, 2013 - Dallas medical-office property trades for $48.7 million
Outlet: Dallas Citybizlist
Healthcare Trust of America has paid $48.7 million for the Forest Park Tower, a 130,000-square-foot medical-office property in Dallas.
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March 18, 2013 - The InterTech Group completes €14.5 acquisition
Outlet: Released
An affiliate of The InterTech Group, Inc. a U.S. company based in North Charleston, South Carolina advised by international real estate advisor Savills, has completed the acquisition of the SAP offices.
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March 18, 2013 - CBRE sells eight-building Florida portfolio for $130 million
Outlet: Released
CBRE Group has closed the $130 million sale of an eight-building, 1,018,218-square foot-portfolio in Jacksonville, Fla.
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March 17, 2013 - Davis Cos. Buys 1.1 million-square-foot Mass. portfolio
Outlet: Boston Citybizlist
Davis Cos. has acquired 1.1 million square feet of office, industrial and research and development space in Dedham, Mass., and Worcester, Mass.
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March 15, 2013 - Cadillac Fairview Corp. plans $2 billion Montreal redevelopment
Outlet: Winnipeg Free Press, The
Cadillac Fairview Corp. plans to develop a 26-story, 514,000-square-foot office building in Montreal's downtown. In addition, the firm will spend nearly $2 billion over 15 years to redevelop the downtown site.
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March 15, 2013 - Piedmont Property buys Burlington office for $70 million
Outlet: Citybizlist Boston
Piedmont Property Group has agreed to buy the 270,000-square-foot Burlington Office Park in Burlington, Mass., from Behringer Harvard for $70 million.
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March 15, 2013 - Queens, N.Y., apartment building offered for sale
Outlet: Citybizlist New York
Besen & Associates is offering for sale a 55-unit apartment building at 89-16 175th St. in Queens, N.Y. The property comes to market with an asking price of $16.25 million.
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March 15, 2013 - Upper West Side Manhattan apartments trade for $70 million
Outlet: Crain's New York Business - Online
The Orbach Group has purchased three apartment buildings on West 107th St. for $70 million.
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March 15, 2013 - Ullico provides $41 million loan for Manhattan apartment complex
Outlet: Yahoo! News
Ullico has provided a $41 million, five-year refinancing for The Cameo, a seven-story, 102-unit apartment complex with a 60-car parking garage in midtown Manhattan.
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March 15, 2013 - Dundee completes acquisition of $559 million German office portfolio
Outlet: Money News
Dundee International REIT has completed its previously announced acquisition of 11 office properties from SEB Asset Management, the SEB Group's specialist real estate asset manager in Germany for approximately €420 million ($559 million).
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March 15, 2013 - Cadillac Fairview unveils $2-billion Montreal development
Outlet: Globe and Mail - Online, The
Cadillac Fairview Corp. wants to revitalize and extend southward Montreal’s downtown with an office-retail-residential project. The mixed-use project is to be built over 15 years and is valued at almost $2-billion.
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March 15, 2013 - Olive Branch distribution center sold for $24.65 million
Outlet: Memphis Business Journal
New York-based Gramercy Capital Corp. purchased the Hacks Cross Logistics Center Building 1 in Olive Branch from Hillwood Investment Properties for $24.65 million.
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March 15, 2013 - Brickell office building sold for $70 million
Outlet: South Florida Business Journal
The Brickell Bayview Centre was acquired for $70 million by an affiliate of Banyon Street Capital.
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March 15, 2013 - Hines to develop 41-story office tower in Houston
Outlet: Houston Business Journal
Hines Interests is in the planning stages for a 41-story office tower with about 816,000 square feet in downtown Houston.
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March 15, 2013 - 400-unit residential project approved for Boston
Outlet: Banker & Tradesman
Gerding Edlen and Normandy Real Estate Partners are developing the two-building complex at a cost of $145 million.
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March 15, 2013 - Landmark apartment buys Elco Management for $30 million
Outlet: Mergers & Acquisitions - Online
Landmark Apartment Trust of America has purchased Elco Landmark Residential Holdings’ management operations for $30 million.
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March 15, 2013 - JLL to sell 5-star Croatian hotel resort
Outlet: PropertyEU - Online
Hypo Alpe-Adria-Bank International has appointed Jones Lang LaSalle to sell two companies that own the five-star Le Méridien Lav Hotel and the adjoining resort and marina in Croatia.
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March 14, 2013 - Ramco-Gershenson buys Clarion's stake in 15 retail centers for $151.9 million
Outlet: Commercial Real Estate Direct
Ramco-Gershenson Properties Trust has agreed to pay $151.9 million for the 70 percent stake for 15 retail centers with 2.2 million square feet in Florida and Michigan.
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March 14, 2013 - 600 apartment units in West Harlem, N.Y., trade for $75 million
Outlet: Commercial Real Estate Direct
E&M Associates has paid $75 million for 24 apartment buildings with 600 units in West Harlem, N.Y.
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March 14, 2013 - Silverstone pays $25 million for Brooklyn, N.Y., warehouse
Outlet: Commercial Real Estate Direct
Silverstone Property Group has paid $25 million for a warehouse on Jay St. in Brooklyn, N.Y. The property, which was marketed by Massey Knakal Realty Services, could be redeveloped into retail space.
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March 14, 2013 - Gvest begins construction of $37 million apartment project in Atlanta
Outlet: Charlotte Business Journal
Gvest Partners breaks ground on a 342-unit apartment project in Atlanta's NoDa area. The project is expected to cost $37 million to complete.
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March 14, 2013 - $300 million condo-hotel to be built in Miami
Outlet: South Florida Business Journal
A venture of SBE Entertainment Group and the Related Group is developing a $300 million hotel-condominium property in Miami.
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March 14, 2013 - Grosvenor House sells for $733 million
Outlet: HotelNewsNow.com
The £470 million ($733 million) deal for London’s iconic 494-room Grosvenor House, a JW Marriott Hotel, sets the bar for European hotel transactions, according to CB Richard Ellis Hotels.
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March 14, 2013 - Chesapeake Lodging Trust acquires Hyatt Place New York Midtown South for $76.2 million
Outlet: Hotel News Resource
Chesapeake Lodging Trust has closed on its purchase of the new, 185-room Hyatt Place New York Midtown South located in New York, New York. The property was purchased for $76.2 million. Real Hospitality Group, the operator of the Trust’s other hotel i
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March 14, 2013 - Crosslane signs with Bauer for first student housing JV
Outlet: Released
U.K. developer Crosslane and property company Bauer Capital have agreed a joint venture to work together on student housing projects and portfolios in Germany.
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March 14, 2013 - Cushman & Wakefield finalizes the sale of the ‘Belview’ office project
Outlet: Released
Cushman & Wakefield finalized the sale of the ‘Belview’ office project in the Leopold district. This is the first forward commitment on the Brussels office market since the start of the crisis.
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March 14, 2013 - Invesco Real Estate buys Prague office property
Outlet: Released
Invesco Real Estate has acquired the office property Stara Celnice in Prague 1 for circa €38 million on behalf of the iii-BVK Europa-Immobilien-Spezialfondsan, institutional real estate fund of Bayerische Versorgungskammer.
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March 13, 2013 - Blackstone said to get $2.1 billion loan for home purchases
Outlet: Bloomberg News - Online
Blackstone Group has expanded a credit line to buy single-family homes to $2.1 billion from $600 million, according to a person with knowledge of the deal.
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March 13, 2013 - JPMorgan, Deutsche lend $475 million against Hotel del Coronado
Outlet: Released
JPMorgan Chase Bank and Deutsche Bank have provided $475 million of financing against the Hotel del Coronado, a 757-room property in Coronado, Calif., across the bay from San Diego.
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March 13, 2013 - Franklin Street to pay $158 million for Atlanta office building
Outlet: Commercial Real Estate Direct
Franklin Street Properties Corp. has agreed to pay $158 million for the 621,007-square-foot office building at 999 Peachtree St. in Atlanta.
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March 13, 2013 - Carey Watermark Investors acquires Courtyard By Marriott in Pittsburgh
Outlet: Collegiate Presswire - Online
Carey Watermark Investors Inc. has acquired the Courtyard Pittsburgh Shadyside. The 132-room hotel, which opened in 2003, includes approximately 1,600 square feet of meeting space,a fitness center, business center and indoor pool/whirlpool. CWI's tot
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March 13, 2013 - Manhattan's 650 Madison Ave. offered for sale
Outlet: Crain's New York Business
The Carlyle Group has placed 650 Madison Ave., a 27-story, 57-year-old office building, on the market. Reports have placed the black-glass-sheathed tower's asking price at around $1.3 billion
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March 13, 2013 - AMD sells campus for $164 million
Outlet: Austin Business Journal - Online
Advanced Micro Devices Inc. has found a buyer for its Southwest Austin facilities, which is called the Lone Star Campus.
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March 13, 2013 - Citigroup provides $250 million for apartment renovation in Bronx, N.Y.
Outlet: Commercial Real Estate Direct
Citigroup has provided $250 million of capital to the Community Preservation Corp. for the construction and renovation of as many as 6,000 apartment units at 539-541 East 147th St. in the Bronx, N.Y.
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March 13, 2013 - Commercial, residential tower under development in Manhattan
Outlet: The Real Deal
Developers Anne/Nassau Realty are building a 30-story tower with commercial and residential space at the corner of Nassau and Ann streets in lower Manhattan. The project, which is being called the Lara.
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March 13, 2013 - Helical Bar and Aviva receive planning consent for residential-led mixed use scheme
Outlet: Released
Helical Bar plc and Aviva Investors have received planning permission for their Brickfields development, a 1.55 million-square-foot residential-led mixed use scheme on the former Dairy Crest site at White City, London W12.
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March 13, 2013 - BPT Baltic Opportunity Fund acquires Coca-Cola Plaza
Outlet: Released
BPT Baltic Opportunity Fund, the most recently launched real estate fund from BPT, has acquired its third asset, the Coca-Cola Plaza in the central business district of Tallinn, Estonia.
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March 12, 2013 - Lehman Bros. seeking buyers for D.C.'s Bond Building
Outlet: Washington Business Journal - Online
Eastdil Secured has begun marketing the Bond Building in downtown D.C. to interested buyers now that the Department of Justice has agreed to renew its lease in the 12-story building for another 15 years.
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March 12, 2013 - CRC purchases Danish store
Outlet: Bangkok Post
Central Retail Corporation (CRC), the country's largest retail chain, is spreading its presence in Europe by acquiring Illum, a 122-year-old department store in Denmark.
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March 12, 2013 - Sydney skyline to get 240-metre apartment block
Outlet: India PRwire
Chinese company Greenland Group has lodged plans for a $600 million development of a 400-plus apartment building.
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March 12, 2013 - Foreign Investors Eye High-End Condos In Tokyo
Outlet: Nikkei
Demand for high-end condominiums in the Tokyo metropolitan area is growing rapidly among wealthy investors in Asia.
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March 12, 2013 - WPT completes $99.5 million acquisition of Midwest dist. portfolio
Outlet: CoStar Group
Welsh Property Trust (WPT) has finalized its purchase of the 2.71 million-square-foot Core Midwest Distribution Portfolio from KTR Capital Partners for $99.5 million.
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March 12, 2013 - Stiles launching $80 million Nashville apartment project
Outlet: South Florida Business Journal
Stiles and Nashville-based Ray Hensler have partnered on an $80 million, 23-story luxury apartment project in the city’s Gulch district.
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March 12, 2013 - 175-Unit Condo Project Proposed for Austin, Texas
Outlet: Austin Business Journal - Online
A partnership of Post Investment Group and Ascension Development has proposed building a 175-unit condominium project with 10,000 square feet of retail space in Austin, Texas.
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March 12, 2013 - Hines purchases Riverside Center for $200 million
Outlet: Citybizlist - Boston Real Estate
Hines has agreed to buy a 508,000-square-foot office complex in the Boston suburb of Newton, Mass., from Blackstone for nearly $200 million.
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March 12, 2013 - Partners Group invests in a 48-story luxury, residential condominium
Outlet: Released
Partners Group has invested on behalf of its clients in a luxury residential tower managed by Ritz-Carlton, located in the Center City submarket of Philadelphia along the Avenue of the Arts.
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March 12, 2013 - CBRE Global acquires German shopping center in JV with TRS
Outlet: Released
A fund managed by CBRE Global Investors and the Teacher Retirement System of Texas (TRS) have acquired Leine Centre, Laatzen a leading shopping center in Germany for €117 million.
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March 12, 2013 - AXA Real Estate acquires Ropemaker Place for £472 million
Outlet: Released
AXA Real Estate Investment Managers has purchased Ropemaker Place a prime office building in the City of London for £472million from The British Land Co.
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March 12, 2013 - Amundi and BayernLB announce first German acquisitions
Outlet: Released
Amundi Real Estate has acquired its first buildings in Germany in a transaction financed by BayernLB.
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March 12, 2013 - Henderson acquires retail warehouse, sells assets and targets U.S. student housing
Outlet: Released
Henderson Global Investors, on behalf of its German Retail Income Fund, has acquired a retail warehouse in Norden, East Frisia in Germany for €23 million.
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March 12, 2013 - LaSalle sells Hannover shopping center for €117 million
Outlet: Released
On behalf of its European property fund the LaSalle Euro Growth II SCA LaSalle Investment Management, in collaboration with ADLER Immobilien Investment Gruppe, Fay Projects GmbH and THI Holding GmbH & Co. KG, has sold the Leine-Center.
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March 12, 2013 - Dallas-based JV partners announce new senior living projects for San Antonio
Outlet: PRLog
South Bay Partners and Integrated Real Estate Group has plans to break ground in the spring of this year on a 192 apartment, 26 villa independent living community, Watercrest at Alamo Ranch, and a 105 unit, 122 bed assisted living and memory care com
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March 12, 2013 - Summit completes Marriott-Branded portfolio acquisition
Outlet: Lodging - Online
Summit Hotel Properties has closed on the previously announced acquisition of a portfolio of five unencumbered Louisiana hotels containing an aggregate of 823 rooms for a total purchase price of approximately $135.0 million.
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March 12, 2013 - Hines and Invesco Real Estate close $57 million San Francisco office buy
Outlet: Rentv.com
Hines and Invesco Real Estate have purchased of the Rialto Building, located at 116 New Montgomery St. in San Francisco's South Financial District.
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March 12, 2013 - General Electric sells $1.5 billion Australian office portfolio
Outlet: Age, The
General Electric has sold its $1.5 billion Australian office portfolio to The Blackstone Group.
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March 12, 2013 - Euro fund sells luxury Brussels property for S$89 million
Outlet: Yahoo! News
Eurozone Equity, an actively managed equity fund with the help of Savills sold the property, known as Louise Village to local private investors.
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March 11, 2013 - Oaktree JV buys $240 million office portfolio
Outlet: Business Wire
Oaktree Funds partnered with National Financial Realty to purchase a 40-building, 3.44 million-square-foot office portfolio for $240 million.
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March 11, 2013 - Langer pays $170 million for apartment portfolio
Outlet: Commercial Real Estate Direct
Irving Langer had paid $170 million for 37 apartment buildings with 1,200 units in East Harlem, N.Y.
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March 11, 2013 - Nashville-area apartments sell for $44 million
Outlet: Real Deal, The
The Viera Cool Springs Apartments were purchased for $44 million by Viera Holdings.
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March 11, 2013 - Two Manhattan office buildings sell for $29 million
Outlet: Commercial Observer
A venture of ClearRock Properties and Juster Properties has paid $29 million for two office buildings with 101,100 square feet in midtown Manhattan.
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March 11, 2013 - Union Investment acquires Marine Offices in Amsterdam for institutional fund
Outlet: Released
Union Investment has acquired the Marina Offices property in Amsterdam for one of its institutional real estate funds.
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March 11, 2013 - Karolinska Development and Rosetta Capital close SEK 220 million strategic transaction
Outlet: Released
Karolinska Development AB and the life science investor Rosetta Capital have announced that Rosetta Capital IV has acquired a minority share in Karolinska Development’s holdings in 13 of its 25 portfolio companies for SEK 220 million.
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March 11, 2013 - Singapore's GIC buys 50 percent stake in Turkish mall
Outlet: Property Week - Online
GIC Real Estate has bought a 50 percent stake in the Optimum Ankara Shopping Center, in Turkey, for $82.5 million.
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March 11, 2013 - MPG sells California’s tallest building for $367.5 million
Outlet: Business Wire - Online
The US Bank Tower in Los Angeles was purchased by Singapore-based Overseas Union Enterprise for $367.5 million.
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March 11, 2013 - GPE buys Orchard Court for £37 million
Outlet: Investegate
Great Portland Estates has exchanged contracts to acquire Orchard Court, Portman Square, W1, from Rosanna Holdings for £37 million.
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March 10, 2013 - Chinese in first $600 million Sydney tower project
Outlet: Zecco
Brookfield Asset Management of Canada has received some $A100 million for the Sydney Water Board site in the CBD from Greenland Group.
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March 10, 2013 - Kimco completes purchase of Wilton River Park in Fairfield County
Outlet: Bloomberg Businessweek - Online
Kimco Realty Corp. has acquired the remaining phase of the 283,000-square-foot Wilton River Park in Wilton, Conn.
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March 9, 2013 - CAPREIT completes 263-suite apartment acquisition
Outlet: pr-usa.net - Online
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has completed the acquisition of a mid-tier apartment complex in Calgary, Alberta, consisting of six three-story buildings totaling 263 residential suites.
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March 8, 2013 - Hyatt acquires Austin's Driskill Hotel for $85 million
Outlet: Institutional Real Estate Newsline
Hyatt Hotels Corporation announced that a Hyatt affiliate has acquired the 189-room Driskill Hotel for approximately $85 million from an investment fund managed by Lowe Enterprises Investors, which was represented in the transaction by Jones Lang LaS
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March 8, 2013 - Developers start high-end JoCo apartment project
Outlet: Kansas City Business Journal - Online
VanTrust Real Estate and Land Development Strategies have teamed up for another high-end apartment project in Johnson County.
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March 8, 2013 - Kames Capital acquires office portfolio in England
Outlet: South West Business Insider - Online
Kames Capital has acquired eight office buildings in England on behalf of the Active Value Property Fund £29.3 million ($43.9 million). The transaction is part of a consensual bank disposal with Lloyds Bank and BFS Managed Property Holdings.
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March 7, 2013 - Kimco acquires Wilton Executive Campus for $42 million
Outlet: Connecticut Post - Online
A group led by developers Albert J. Kleban and Stephen Saft have sold a 187,000 square foot retail and office property, Wilton Executive Campus in Conn. to Kimco Realty for $42 million.
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March 7, 2013 - Ohio REIT Buys Oakland Whole Foods
Outlet: Registry - Online, The
Ohio-based DDR Corp. has paid $41 million to acquire the 57,000 square-foot Whole Foods store in Oakland, Calif. located at 230 Bay Place at the intersection of Harrison Street near Lake Merritt.
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March 7, 2013 - Eurozone Equity sells mixed-use property for $71.6 million in Brussels
Outlet: PropertyEU - Online
Eurozone Equity has sold the mixed-use asset Louise Village in Brussels to local private investors for €55 million ($71.6 million). The property includes retail and residential space, as well as 204 parking spaces and archive space.
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March 7, 2013 - Cornerstone acquires suburban Atlanta office properties
Outlet: Atlanta Business Chronicle
Cornerstone Real Estate Advisers is the latest investment firm to place its bet on the recovery of Atlanta’s suburban office market, purchasing the Alpharetta office buildings Windward Fairways I and II, and Preston Ridge for a combined $47.2 million
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March 7, 2013 - Hines seeks rezoning for massive Sandy Springs, Ga. project
Outlet: Atlanta Business Chronicle
Hines is seeking rezoning for a massive Sandy Springs, Ga. mixed-use project. The project, known as 100 Northpark, at Georgia 400 and Abernathy Road would include 1.5-million square feet of office, 150,000 square feet of retail, 500 units for multifa
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March 7, 2013 - Mixed-use SOHO building hits the market
Outlet: New York City Biz List
Eastern Consolidated is marketing the sale of 351 Canal Street, a 25,620-square-foot property, which includes residential, office and retail space in the SOHO neighborhood of New York City. The building was first built in 1900, and was maintained by
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March 7, 2013 - GRR German Retail Fund acquires another two retail properties
Outlet: Released
R Real Estate Management GmbH has acquired another two retail properties in Bavaria and Hesse for the GRR German Retail Fund No.1 at a total cost of €10.5 million.
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March 7, 2013 - Cornerstone secures €240 million refinancing
Outlet: Released
Cornerstone Real Estate Advisers has successfully secured a €240 million refinancing loan from Nykredit for its Kamppi shopping center.
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March 6, 2013 - Norwegian fund buys stake in U.S. office properties
Outlet: Institutional Investor - Online
Norway's $662 billion Government Pension Fund Global has bought a 50 percent stake in five U.S. office buildings owned by New York–based financial services provider TIAA-CREF.
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March 6, 2013 - Wake Forest Charlotte Center building sells for $72.5 million
Outlet: PredictWallStreet.com
Bank of America Corp. has sold the Wake Forest University Charlotte Center building for $72.5 million.
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March 6, 2013 - Goodman acquires $450 million interest
Outlet: PRNewswire
Goodman Group has announced that Goodman Hong Kong Logistics Fund has purchased a 25 percent stake in a Hong Kong-based logistics facility from DP world for $450 million.
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March 6, 2013 - DP World sells Hong Kong port stakes for $742 million
Outlet: Associated Press (AP)
Dubai's government-backed port operator DP World is selling stakes in two Hong Kong container terminals and a logistics business for $742 million.
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March 6, 2013 - Bascom Arizona Ventures acquires multifamily property for $36 million
Outlet: CoStar Group
Equity Residential sold the Highlands at 15255 N. Frank Lloyd Wright Blvd. in Scottsdale, Ariz. to Bascom Arizona Ventures LLC for $36.7 million.
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March 6, 2013 - Invesco sells Florida apartment building for $69 million
Outlet: CoStar Group
Invesco Realty Advisers sold the Delray Verana Apartments at 1495 Spring Harbor Dr. in Delray Beach, Fla. to Fairfield Residential for $69 million.
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March 6, 2013 - Griffin-American Healthcare REIT II acquires medical office portfolio for $47 million
Outlet: Yahoo! Finance Singapore
American Healthcare Investors and Griffin Capital Corporation, the co-sponsors of Griffin-American Healthcare REIT II, Inc., acquired five medical office buildings by the REIT for an aggregate purchase price of approximately $47 million.
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March 6, 2013 - Hines acquires One Westferry Circus in London
Outlet: Released
Hines Global REIT has acquired One Westferry Circus from TIAA-CREF. The nine-story office building is situated on the western edge of Canary Wharf along the River Thames in Central London.
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March 6, 2013 - MGPA buys office building in Shanghai for RMB263.5 million
Outlet: The Asset
MGPA has acquired j-Tower, a newly completed class A office building in the Jiading district of Shanghai on behalf of MGPA Asia Fund III, for RMB263.5 million.
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March 6, 2013 - Two Hartford, Conn., office buildings to trade for $52.5 million
Outlet: Hartford Business Journal
The state of Connecticut has agreed to purchase two office buildings in Hartford, Conn., for a combined $52.5 million.
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March 6, 2013 - Landmark pays $64 million for 2 N.C. properties
Outlet: Commercial Real Estate Direct
Landmark Apartment Trust of America has paid $64 million for two apartment properties with 555 units in Charlotte, N.C.
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March 6, 2013 - Manhattan offices offered for sale with $40 million price tag
Outlet: The New York Times
Massey Knakal Realty Services is marketing for sale a vacant 25,400-square-foot office building at 100 Broad St. in Manhattan.
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March 6, 2013 - Medical-office building in Washington sold for $10.4 million
Outlet: Puget Sound Business Journal - Online
Berschauer Group of Olympia, Wash., has paid $10.4 million for the Allenmore B building on the campus of Multicare Hospital in Tacoma, Wash.
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March 6, 2013 - Red Lion Plaza in Philadelphia sold for $32 million
Outlet: Philadelphia Business Journal
Red Lion Plaza, a 229,204-square-foot shopping center at Red Lion Road and Roosevelt Boulevard in Northeast Philadelphia, has been sold to an undisclosed buyer.
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March 6, 2013 - Seal Beach sale sets office benchmark at $85 million
Outlet: Orange County Business Journal - Online
A three-building complex in Seal Beach has sold for $85 million, making it the priciest office sale seen in Orange County so far this year.
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March 6, 2013 - Hines acquires 465 Victoria in Sydney, Australia
Outlet: Released
Hines Global REIT has acquired 465 Victoria, an office project in Sydney, from FKP Property Group.
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March 6, 2013 - Zell's Equity Group sells Ford City Mall
Outlet: Chicago Tribune - Online
Equity Group Investments has sold the Ford City Mall in Chicago, a 1 million-square-foot commercial property. The buyer is New York-based iStar Financial.
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March 6, 2013 - CBRE acquires two retail units in Drayton and Oxford for £18 million
Outlet: Released
CBRE Global Investors has acquired two retail units, Tesco supermarket and Meadowside Retail Park, for a total of £18 million.
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March 5, 2013 - Oriana's Oxford Street plans approved
Outlet: Released
Oriana, the joint venture between Land Securities and Frogmore, has announced that its plans to redevelop and transform 26-48 Oxford Street, W1 have been approved by Westminster Council on 5 March subject to the signing of S106.
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March 5, 2013 - Elco Landmark pays $48 million for Jacksonville Developments
Outlet: Law360
Elco Landmark Residential has completed a $47.5 million acquisition of two multifamily properties in a Jacksonville, Fla.
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March 5, 2013 - Prudential Real Estate Investors buying high-profile Miami office building
Outlet: South Florida Business Journal - Online
Prudential Real Estate Investors is buying the Sabadell Financial Center at 1111 Brickell Ave.
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March 5, 2013 - NREP buys Swedish logistics assets
Outlet: PropertyEU - Online
Nordic Real Estate Partners (NREP) has acquired two logistics assets in Sweden for a total of SEK 280 million (€33 million).
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March 5, 2013 - Shopping center in Philadelphia sells for $32 million
Outlet: Philadelphia Business Journal - Online
Red Lion Plaza, a 229,204-square-foot shopping center in Northeast Philadelphia, has been sold for about $32 million. and represents one of the largest retail transactions in Philadelphia since 2006. New Jersey-based Onyx Equities and its partner Inv
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March 5, 2013 - Andrew Dansker joins MMCC as an associate director
Outlet: Released
Marcus & Millichap Capital Corp. (MMCC) has named Andrew Dansker as an associate director in the firm’s Manhattan office.
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March 5, 2013 - CBRE/New England multi-housing group sells Village at Taylor Pond
Outlet: Released
CBRE/New England’s Capital Markets team has announced the sale of Village at Taylor Pond, a 188-unit, class A apartment community located in Bedford, Mass. The purchase price was undisclosed.
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March 5, 2013 - Urdang, CapRock Partners announce sale of $22 million industrial building
Outlet: Released
Urdang, the real estate manager for BNY Mellon, and its joint venture partner CapRock Partners have announced the sale of a 238,000 square-foot class A industrial building in Newark, Calif., a city on the edge of Silicon Valley, for $22.1 million.
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March 4, 2013 - Ballston office tower trades for $175.6 million
Outlet: Washington Business Journal - Online
Piedmont Office Realty Trust has 901 N. Glebe Road, a 12-story tower in Ballston, Wash., for $175.6 million. The seller was an affiliate of Dweck Properties Ltd.
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March 4, 2013 - Piedmont Office Realty Trust purchases class-A office property for $175 million
Outlet: KFSN-TV - Online (press release)
Piedmont Office Realty Trust has purchased Arlington Gateway, a twelve-story, class-A office property located at 901 North Glebe Road in Arlington, Virginia. Piedmont acquired the 333,948 square-foot office building from Arlington Gateway Investor.
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March 4, 2013 - Colonial Properties Trust acquires $43 million multifamily property
Outlet: CoStar Group
Colonial Properties Trust has acquired the former Altis at Lakes of Windermere at 11598 Lachlan Lane in Windermere, Florida for $43 million from the Altman Companies.
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March 4, 2013 - KTR acqiores 964,000 square feet in Woodbridge, New Jersey
Outlet: Released
KTR Capital Partners has announced that an affiliate closed on the acquisition of 964,155 square feet in Woodbridge, New Jersey.
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March 4, 2013 - AIG lends $275 million against Manhattan's Herald Towers
Outlet: Commercial Real Estate Direct
AIG Asset Management has provided a $275 million mortgage against Herald Towers, a 690-unit apartment property in Manhattan.
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March 4, 2013 - Chicago Public Schools to sell or lease HQ building
Outlet: Crain's Chicago Business
The Chicago Public School District plans to sell or lease its roughly 500,000-square-foot headquarters building in downtown Chicago. It currently occupies about 89 percent of the property.
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March 4, 2013 - Radco buys suburban Chicago apartment complex
Outlet: Chicago Real Estate Daily
Radco Cos. has paid $27.9 million for a 226-unit apartment complex in west suburban Geneva.
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March 4, 2013 - ARA completes sale of West Ridge Green community
ARA has announced the sale of the West Ridge Green Manufactured Home Community located in Elyria, Ohio.
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March 4, 2013 - Clarion Partners completes sale of 100 Spear Street
Outlet: Released
Clarion Partners has completed the sale of 100 Spear Street, located in San Francisco’s central business district, for $100 million.
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March 4, 2013 - Babcock & Brown apartment portfolio sells for $142 million
Outlet: Commercial Real Estate Direct
Variant Commercial Real Estate has purchased a portfolio of 14 apartment properties from Babcock & Brown of Australia. The purchase price was not disclosed, but court documents indicate Variant paid about $142 million
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March 4, 2013 - Meadow Partners pays $61 million for Manhattan office building
Outlet: The Real Deal
Meadow Partners has paid $61 million for the 177,000-square-foot office building at 211 East 43rd St. in Manhattan. The property was sold by an affiliate of Eastgate Realty.
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March 4, 2013 - Urdang buys Tampa Bay office building
Outlet: Tampa Bay Business Journal - Online
Urdang and its joint venture partner Crocker Partners has purchased Two Harbour Place, located in Tampa’s Harbour Island, for $33 million. The seller was Amstar/CNL Two Harbour LLC and Lindell-Harbour.
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March 4, 2013 - West End apartment community sells for $33 million
Outlet: Nashville Business Journal
Omaha-based America First Properties Management has paid $33 million for the 216-unit property at 101 Brixworth Lane, The Metropolitan.
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March 4, 2013 - Gerding Edlen enters Seattle office market
Outlet: Puget Sound Business Journal - Online
Gerding Edlen has paid $76.6 million for the 300,000-square-foot Horton Building in downtown Seattle.
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March 4, 2013 - IVG purchases additional core property for Warsaw Fund
Outlet: Released
IVG has acquired its fifth property within 18 months for the IVG Warsaw Fund: the office and retail property “Le Palais”.
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March 4, 2013 - Union Investment acquires first hotel in Barcelona
Outlet: Released
Union Investment Real Estate has acquired the Barceló Raval, a four-star hotel in Barcelona, for approximately €37 million.
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March 4, 2013 - Clarion selects Newmark Grubb Knight Frank to manage Centennial office properties
Outlet: GlobeSt.com
The NewmarkGrubb Knight Frankproperty management team in Denver has been awarded the exclusive assignment to manage Clarion Partners’ Waterview Corporate Center in Centennial, Colo.
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March 4, 2013 - Global Trade Centre sells Warsaw office portfolio for €33.9 million
Outlet: Warsaw Business Journal - Online
Warsaw Stock Exchange-listed developer Globe Trade Centre (GTC), has sold its Platinium Business Park V building in Warsaw for €33.9 million ($44.1 million) to Calobra Investments from the Allianz Real Estate group.
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March 3, 2013 - Colonial Properties Trust acquires apartment community in Orlando
Outlet: Business Wire
Colonial Properties Trust has purchase of the 280-unit Colonial Grand at Windermere located in Orlando, Fla. for $43.0 million.
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March 3, 2013 - Glendora Council approves AvalonBay mixed-use development
Outlet: San Gabriel Valley Tribune - Online
The city council of Glendora, Calif., has approved a mixed-use development near the future site of the Metro Gold Line.
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March 3, 2013 - Mayer Brown, SJB seal £152 million Chinese purchase of City site
Outlet: thelawyer.com
Mayer Brown and SJ Berwin have advised on a Chinese real estate developer's £152 million acquisition of Stephenson Harwood's offices from Invesco Real Estate.
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March 1, 2013 - Sterling Organization buys Winter Park retail center for $27.7 million
Outlet: Orlando Business Journal - Online
The Sterling Organization’s institutional fund, Sterling Value Add Partners, has purchased Winter Park retail center for $27.7 million.
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March 1, 2013 - Bank of China lends $600 million against Sony Building
Outlet: Commercial Real Estate Direct
Bank of China is said to have agreed to provide $600 million of the $900 million of financing for Manhattan's Sony Building, recently purchased by investors led by Chetrit Group.
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March 1, 2013 - Retail, hotel property proposed near Savannah, Ga.
Outlet: Atlanta Business Chronicle
Ben Carter Enterprises filed plans Feb. 28 with the state for a $200 million luxury outlet mall near Savannah.
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March 1, 2013 - Excel Trust pays $32 million for San Francisco-area shopping center
Outlet: Commerical Real Estate Direct
Excel Trust has paid about $32 million for Tracy Pavilion, a shopping center in Tracy, Calif.
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March 1, 2013 - Tampa office buildings fetch $56 million
Outlet: Tampa Bay Business Journal - Online
Highwoods Properties has paid $56 million for Colonial Place I and II.
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March 1, 2013 - AvalonBay pays $40.25 million for Mass. apartment property
Outlet: Commercial Real Estate Direct
AvalonBay Communities has paid $40.25 million for Stone Brook Farms, a 203-unit apartment property in Burlington, Mass.
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March 1, 2013 - Verizon plans 220,000-square-foot office building near Orlando, Fla.
Outlet: Orlando Business Journal
Verizon Communications has announced plans for a 220,000-square-foot office property in Lake Mary, Fla.
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March 1, 2013 - Internos announces the acquisition of two more hotels
Outlet: Released
Internos has purchased the Ibis Munich City West, Germany, and Ibis City Centre The Hague, Netherlands, for a total investment of €37 million on behalf of the Internos Hotel Real Estate Fund.
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March 1, 2013 - Equity Residential sells 775 units to Bascom
Outlet: GlobeSt.com
Equity Residential of Chicago continues shedding multifamily assets. The firm sold a two-property portfolio consisting of 775 units to Bascom Arizona Ventures for $88.4 million.
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March 1, 2013 - BRE Properties announces disposition of six JV interests
Outlet: Benzinga
BRE Properties has announced the sale of six joint venture interests to its joint venture partner for a total sales price of $47.5 million.
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March 1, 2013 - Apex sells two hotels for £28.65 million
Outlet: Property Mall
BNP Paribas Real Estate has sold two income strip investments to Standard Life and CBRE GI on behalf of Apex Hotels.
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March 1, 2013 - Cornerstone acquires three U.K. light industrial estates for £35 million
Outlet: Released
Cornerstone Real Estate Advisers has acquired three light industrial assets - Monkspath Business Park in Solihull, Evolution in Sheffield and Kingston Bridge in Glasgow – comprising over 570,000 square feet in three separate deals.
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February 28, 2013 - Leighon sells major Melbourne project
Outlet: Australian IT
Leighon Holdings has sold a major office tower development in Melbourne to two property groups for $462 million.
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February 28, 2013 - IDS Real Estate venture acquires San Diego-area office campus
Outlet: Rentv.com
Cabrillo Technology Center, an office/corporate headquarters campus in San Diego's Kearny Mesa submarket, was purchased by an IDS Real Estate Group affiliate in joint venture with an institutional partner. It was sold by Cabrillo Properties.
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February 28, 2013 - Sony sells Tokyo property for $1.2 billion
Outlet: Released
Sony Corp. has sold its Tokyo-based Sony City Osaki building for ¥111 billion ($1.2 billion).
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February 28, 2013 - Canadian firm pays $33 million for four office buildings
Outlet: Crain's Chicago Business - Online
Adventus Realty Trust of Vancouver, British Columbia, has agreed to pay nearly $33 million for four buildings in an Oak Brook, Ill., office complex.
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February 28, 2013 - Bascom acquires three Arizona apartment complexes for $125.23 million
Outlet: Commercial Real Estate Direct
Affiliates of the Bascom Group of Irvine, Calif., paid $125.23 million for 1,047 apartment units in the Phoenix area.
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February 28, 2013 - Hines acquires Archstone's interest in CityCenterDC project
Outlet: Markets.financialcontent.com
The Washington D.C. office of Hines has announced the acquisition of the ownership interest of their partner, Archstone, in the mixed-use CityCenterDC project that is currently under construction in downtown Washington, D.C.
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February 28, 2013 - Vornado pays $95.7 million for Los Angeles-area office
Outlet: Commercial Real Estate Direct
Vornado Capital Partners has paid $95.7 million for a 243,000-square-foot office building in Culver City, Calif.
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February 28, 2013 - Thor Equities Invests in Manhattan Retail Space
Outlet: New York Post
Thor Equities is an investor in 15,200 square feet of retail space at 151 Wooster St. in Manhattan.
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February 28, 2013 - Bernstein pays $31 million for Gaithersburg apartments
Outlet: Baltimore Business Journal - Online
D.C.-based Bernstein Management Corp. has acquired the Oakwood Gaithersburg apartment high-rise in Gaithersburg for $31.3 million,
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February 28, 2013 - IVG purchases office property “BoLa 25” in Frankfurt’s West End
Outlet: Released
IVG has acquired the office complex “BoLa 25” in Frankfurt’s West End for a new specialised fund of the pension scheme for dentists in Westphalia Lippe. The seller is the Hamburgbased DWI Group.
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February 28, 2013 - Harrison Street pays $380 million for Bristal senior housing portfolio
Outlet: Released
Harrison Street Real Estate Capital has purchased seven class A senior housing properties located throughout Nassau and Suffolk County (Long Island), New York.
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February 28, 2013 - GI Partners acquires property through DataCore
Outlet: Private Equity Wire
GI Partners, a multi-strategy private equity investment manager based in the San Francisco Bay Area, has acquired a data centre-anchored property in Hayward, Calif. for an undisclosed price. The investment was made through DataCore, a fully discretio
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February 27, 2013 - Caisse unit plans to sell most of C$2.3 billion hotel assets
Outlet: Bloomberg News - Online
Caisse de Depot et Placement du Quebec plans to sell most of its hotels after the properties failed to produce adequate returns, and will redeploy proceeds in shopping malls, office towers and residential buildings.
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February 27, 2013 - Highwoods buys two Tampa office buildings for $56 million
Outlet: News & Observer - Online
Highwoods Properties acquired two office buildings in Tampa, Fla. for $56 million. The buildings, Colonial Place I and II, are 86.8 percent leased. They include a total of 372,000 square feet in the Westshore area of Tampa.
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February 27, 2013 - CBRE Global Investors-sponsored fund to market U.S. office portfolio
CBRE Global Investors has begun marketing for sale a portfolio of five high-quality office properties located in Atlanta, Chicago and Dallas.
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February 27, 2013 - Brickman JV buys Yeshiva office buildings
Outlet: GlobeSt.com
A joint venture of Brickman Associates and DivcoWest has acquired two buildings on West 25th Street in New York City from Yeshiva University for $115 million.
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February 27, 2013 - LGP sells shopping center for £250.5 million
Outlet: Released
Legal & General Property (LGP) has sold Midsummer Place Shopping Center in Milton Keynes for £250.5 million to Intu Properties, formerly Capital Shopping Centres Group.
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February 27, 2013 - MIG acquires 304-unit apartment property in Scottsdale
Outlet: Commercial Property Executive - Online
MIG Real Estate, a Newport Beach, Calif.-based real estate investment company, has acquired Acacia Creek, a 304-unit apartment home community in Scottsdale, Ariz., from Equity Residential.
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February 26, 2013 - Westfield sells half stake in Stratford City
Outlet: City AM - Online
Westfield Group is selling a stake in its Stratford City development in London to Dutch and Canadian pension funds for £871.5 million.
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February 26, 2013 - Morgan Properties and Dune acquire apartment community
Outlet: Business Wire - Online
Morgan Properties and its equity partner, New York-based Dune Real Estate Partners, have formed a joint venture to acquire Chesapeake Glen, a 796-unit multifamily apartment community located in Glen Burnie, Maryland from Equity Residential. The purch
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February 26, 2013 - AHT completes $200 million refinancing of The Capital Hilton and Hilton Torrey Pines
Outlet: San Antonio Business Journal - Online
Ashford Hospitality Trust (NYSE: AHT) has successfully refinanced its sole remaining 2013 debt maturity, which was set to mature in August.
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February 26, 2013 - Grosvenor buys Bothell apartment complex for $88 million
Outlet: Puget Sound Business Journal - Online
Grosvenor Americas has purchased Archstone Northcreek, a 524-unit apartment complex in Bothell, sold last week for $88 million.
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February 26, 2013 - Artemis announce first office acquisition
Outlet: Citybizlist Washington DC
Artemis Real Estate Partners announced that it acquired through a joint venture with American Real Estate Partners, Carlyle Center, a 167,000 square foot, trophy office building in Alexandria, Virginia. This transaction was made on behalf of New York
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February 26, 2013 - CBRE gets $1 billion in financing for Greystar, Goldman portfolio buy
Outlet: Commercial Property Executive - Online
CBRE Capital Markets’ Debt & Equity Finance group has announced it has provide more than $1 billion to finance the acquisition Greystar Real Estate Partners and Goldman, Sachs & Co.made earlier this year, the 8,010-unit multifamily portfolio from Equity Residential for $1.5 billion.
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February 26, 2013 - The Crown Estate completes £32 million industrial estates sale
Outlet: Released
The Crown Estate has completed the sale of three industrial estates for more than £32 million to Knight Frank Investors on behalf of Lancashire County Council’s Pension Fund.
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February 26, 2013 - South Orange apartment community sold for $32 million
Outlet: NJBiz
Gebroe-Hammer Associates has arranged the sale of a 79-unit apartment property in South Orange, N.J., for $32 million.
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February 26, 2013 - Partners enter New Mexico with power center buy
Outlet: GlobeSt.com
Accelerated Development and Q Real Estate have joined forces to acquired Market East from Lowes Home Centers.
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February 25, 2013 - Mercer Real Estate Partners to buy £17.5 million west London property
Outlet: CoStar UK News
Mercer Real Estate Partners is to buy a 129,831 sq ft headquarters building with significant asset management opportunities in the centre of Uxbridge, west London from Threadneedle Investments, for £17.5 million.
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February 25, 2013 - Centennial Holding buys Fla.-based apartments for $32.6 million
Outlet: Commercial Real Estate Direct
Centennial Holding Co. has purchased the 336-unit Gardens at Citrus Tower in the Orlando, Fla., suburb of Clermont, Fla., for $32.6 million.
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February 25, 2013 - Amstar, Huntington acquire more than 500,000 square feet of industrial properties
Outlet: WUPV-TV - Online
Amstar and Huntington Industrial Partners have announced the acquisition of six industrial properties, totaling more than 500,000 square feet, in Memphis, Tenn.
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February 25, 2013 - Three U.K. airports up for sale
Outlet: Cargonews Asia - Online
Belfast, Luton and Cardiff airports have been put up for sale after the Spanish infrastructure group that owns or operates them ordered a review of its US$1.32 billion transport division.
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February 25, 2013 - NBGI and Panattoni team up on Czech logistics project
Outlet: PropertyEU - Online
Private equity group NBGI and industrial developer Panattoni are to build a build-to-suit warehouse at Pilsen Park West in the Czech Republic.
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February 25, 2013 - CBRE | The Furman Co. sells residential subdivision in Powdersville
Outlet: UpstateBizSC
On behalf of GAP Development, CBRE | The Furman Co. have announced the sale of Benton Park, an 80-lot residential subdivision on 16.2 acres on Circle Road in Easley, South Carolina.
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February 25, 2013 - $122 million deal with SL Green violated exclusive agreement, suit alleges
Outlet: Real Deal - Online, The
Thor Equities has sued the owner of a Soho mixed-use building, alleging that by selling the building to SL Green Realty, the owner violated an exclusive agreement with Thor.
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February 25, 2013 - RREEF selling 25 buildings in Santa Clara
Outlet: Silicon Valley/San Jose Business Journal - Online
Rreef Real Estate is selling two Santa Clara business parks containing 25 buildings and totaling 892,500 square feet of space.
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February 25, 2013 - Morgan Stanley fund buys Moscow mall for $1.2 billion
Outlet: Reuters - Online
Morgan Stanley Real Estate Investing has bought the Metropolis shopping mall in northwest Moscow for a price of $1.2 billion.
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February 24, 2013 - DivcoWest and Brickman make Manhattan office acquisitions
Outlet: Business Wire
DivcoWest have acquired three office buildings located in New York City’s Midtown South submarket: 24-28 West 25th Street and 40 West 25th Street.
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February 24, 2013 - Online shopping and fashion retailers drive global logistics demand, finds CBRE survey
Outlet: BusinessIntelligence-Middle East (BI-ME)
Tokyo is the world’s most expensive prime logistics market as multichannel retailers seeking new facilities and requiring larger spaces drive demand in the world’s leading cities, according to new research from global property advisor CBRE Group.
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February 24, 2013 - Top ten most expensive global office rents
Outlet: Chinaretailnews.com/
Hong Kong's Central Business District ranks second to London's West End as the world's most expensive office market, according to research published by real estate firm Cushman & Wakefield.
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February 24, 2013 - Primaris REIT pays $377 million for portfolio of shopping centers in Alberta
Outlet: Yahoo! Canada
Primaris Retail REIT has purchased a portfolio of shopping centers in Edmonton and Medicine Hat, Alberta, for $377 million.
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February 23, 2013 - Vastgood Properties and Southern Realty purchases Thruway Plaza in Walden, New York
Outlet: CNBC - Online
Vastgood Properties and Southern Realty & Development has completed the purchase of Thruway Shopping Center Plaza, a 129,600-square-foot supermarket-anchored multi-tenant strip shopping center on approximately 17.1 acres in Walden, New York,
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February 22, 2013 - Thor Equities aims to complete $500 million sale
Outlet: AustraliaNews.net
Thor Equities has plans to sell an 11-story SoHo office building on 30-536 Broadway in New York City for $500 million.
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February 22, 2013 - Welsh buys giant Industrial Portfolio
Outlet: Columbus Business First
The Welsh Property Trust has purchased five large industrial buildings in the suburbs of Chicago, Indianapolis, Cincinnati and Columbus with a total of more than 2.7 million square feet.
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February 22, 2013 - TGM Associates acquires multifamily property in Illinois
Outlet: PR Newswire - Online
TGM Associates acquired TGM Willowbrook, a multifamily property in Illinois, for an undisclosed price. Formerly known as The Communities of Ascot Glen, the property includes 712 units in 76 buildings and was previously owned by RREEF and managed by L
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February 22, 2013 - Carmel, Calif. property sells for $18 million
Outlet: Patch
A 34,600-square-foot office building in Carmel Valley, Calif. sold for $18 million. Colliers International announced the sale of Foley Corporate Center at 11943 El Camino Real on Wednesday.
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February 21, 2013 - Pembroke Real Estate acquires London property for undisclosed price
Outlet: PropertyEU - Online
Boston-based Pembroke Real Estate has acquired One Grafton Street in London's Mayfair district from Hines European Value Added Fund (HEVAF). The financial details of the acquisition of the property were not disclosed.
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February 21, 2013 - Two office properties purchased in Louisville, Kentucky for $22 million
Outlet: Business First of Louisville - Online
A partnership formed by Vancouver and Chicago real estate investors has purchased two office buildings in downtown Louisville, Kentucky for $22 million.
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February 21, 2013 - AXA sells 72 asset retail portfolio to AP3
Outlet: Released
AXA Real Estate Investment Managers has completed, on behalf of clients, the sale of a portfolio of 72 food retail assets to Tredje AP-fonden (AP3), a Swedish state-owned pension fund.
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February 21, 2013 - UPDATE: LondonMetric Property purchases £92.4 million retail warehouse portfolio
Outlet: Released
LondonMetric Property has completed the acquisition of a portfolio of six retail warehouse assets.
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February 21, 2013 - SEB Asset Management sells office building in Singapore
Outlet: Released
SEB Asset Management sold its share in the 23-story 79 Anson Road office building in Singapore to United Engineers Developments for €136.6 million.
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February 20, 2013 - RREEF, Prelios plan $1.3 billion German apartment sale
Outlet: Bloomberg News - Online
Deutsche Bank AG's RREEF property investment unit and Prelios SpA plan to sell German homes valued at approximately €1 billion ($1.3 billion).
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February 20, 2013 - Carmel Valley buys office building for $18 million
Outlet: CoStar Group
An investment group called Carmel Valley Office Building has purchased the 34,600-square-foot office building at 11943 El Camino Real in Del Mar Heights for $18 million.
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February 20, 2013 - IDS, Clarion JV pays $21 million for former Boeing Plant
Outlet: CoStar Group
IDS Real Estate Group and Clarion Partners have teamed up to buy the Space Center Building and the Boeing Integrated Defense Systems Building.
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February 20, 2013 - Essex acquires San Francisco apartment community
Outlet: Marketwire - Online
Essex Property Trust has purchased Fox Plaza, a 444-unit property located in San Francisco , for $135 million.
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February 20, 2013 - Behringer Harvard acquires multifamily community in Jacksonville, Florida
Outlet: PR Newswire - Online
Behringer Harvard announced the acquisition of Wimberly at Deerwood, a 312-unit multifamily community in Jacksonville, Florida. Wimberly at Deerwood was acquired for the portfolio of Behringer Harvard Opportunity REIT II, Inc. through a joint venture
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February 20, 2013 - Rockpoint, Highgate to sell Times Square hotel for $650 million
Outlet: The Real Deal
A venture of Rockpoint Group and Highgate Hotels is selling the Milford Plaza Hotel in Manhattan in three separate pieces.
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February 20, 2013 - Starwood Capital, Vision Equities to buy uptown Charlotte's One Wells Fargo
Outlet: Charlotte Business Journal
A venture of Starwood Capital Group and Vision Equities has agreed to acquire One Wells Fargo Center, a 985,315-square-foot office tower in Charlotte, N.C.
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February 20, 2013 - BECO South completes $19 million office acquisition
Outlet: Charlotte Business Journal
BECO South has completed a $19 million acquisition of a portfolio of seven class-B office buildings in southwest Charlotte
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February 20, 2013 - Orlando’s Municipal Planning Board approves downtown Central Station project
Outlet: Orlando Business Journal - Online
Orlando, Fla.'s Municipal Planning Board has approved the $200 million plan for the Central Station mixed-use project in downtown Orlando, Fla.
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February 20, 2013 - HEVAF sells Riva building in Paris
Hines European Value Added Fund has sold the Riva building, a seven-story, 74,056-square-foot office building located in Neuilly-sur-Seine, to Amundi for an undisclosed amount.
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February 20, 2013 - LaSalle acquires Sainsbury's store for £17.85m
Outlet: Ballymena Today
LaSalle has bought Braidwater Retail Park for £17.85 million from property company Corbo Properties.
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February 19, 2013 - Leighton, Canadian Fund discuss A$619.5 million telecoms deal
Outlet: Fox Business (press release)
Leighton Holdings has announced it is in exclusive talks to sell 70 percent of its telecommunications infrastructure assets to the Ontario Teachers' Pension Plan for A$619.5 million.
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February 19, 2013 - Leighton, Canadian Fund discuss A$619.5 million telecoms deal
Outlet: WPVI-TV - Online (press release)
Leighton Holdings has announced it is in exclusive talks to sell 70 percent of its telecommunications infrastructure assets to the Ontario Teachers' Pension Plan for A$619.5 million.
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February 19, 2013 - Wash.-based multifamily asset trades in $30 million transaction
Outlet: Rentv.com
Chateau Woods, a 114-unit, luxury apartment complex in Woodinville, Wash., sold for $30 million. It was acquired by Portland-based Walter C. Bowen and BPM Real Estate Group.
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February 19, 2013 - Allied Properties spends $110 million to buy Calgary office property
Outlet: Yahoo! Canada
Allied Properties REIT has expanded its portfolio in Calgary by purchasing an office property for $110 million.
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February 19, 2013 - Mesa West provides $43.7 million in financing for apartment communities in Seattle and Los Angeles
Outlet: Released
In separate financings, Mesa West Capital has provided multifamily investor Pacific Urban Residential with $43.7 million in first mortgage debt for the acquisition of apartment communities in Seattle, Wash., and Los Angeles.
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February 19, 2013 - Mesa West Capital provides $47.3 million loans on two Denver assets
Outlet: Released
In separate financings, Mesa West Capital has funded two first mortgage loans totaling $47.3 million secured by a commercial office building and multifamily community in the Denver Metropolitan Market.
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February 19, 2013 - Mesa West Capital Funds $32.25 million loan in two weeks
Outlet: Released
Mesa West Capital provided Benchmark Real Estate Group with $32.25 million in first mortgage debt for its recent acquisition of an east side apartment building.
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February 19, 2013 - Mesa West Capital funds $95.5 million loan to refinance Washington, D.C., office building
Outlet: Released
Mesa West Capital has provided Brookfield Real Estate Opportunity Fund I, with a $95.5 million first mortgage loan on 64 New York Avenue NE, a 355,000 square-foot office building in Washington D.C.
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February 19, 2013 - Alexandria's Carlyle Center sells for $78 million
Outlet: Washington Business Journal
A partnership between Artemis Real Estate Partners and American Real Estate Partners bought the Carlyle Center office building in Alexandria for $78 million.
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February 19, 2013 - Hines puts D.C. trophy building on sales market
Outlet: Released
Hines is selling the 334,000-square-foot office building at 1200 Nineteenth St. in Washington, D.C.
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February 19, 2013 - Steve Fifield proposes 1.4 million-square-foot office development
Outlet: Crain's Chicago Business - Online
Steve Fifield has proposed developing up to 1.4 million square feet of office space at 601 and 625 West Monroe St. in Chicago.
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February 19, 2013 - CBRE Global Investors-sponsored fund to market U.S. office portfolio
CBRE Global Investors has begun marketing for sale a portfolio of high-quality office properties located in several strong growth markets across the United States. The properties are owned by a fund in the CBRE Strategic Partners U.S. fund series.
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February 19, 2013 - Samuels & Associates pitches new project near Fenway Park
Outlet: Boston Business Journal
A Hub developer who has invested more than $1 billion in the Fenway neighborhood, has proposed a 22-story apartment tower to be built on a triangular parcel at the corner of Brookline Avenue and Boylston Street.
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February 19, 2013 - Manhattan's 425 Lex., 499 Park could fetch as much as $1 billion
Outlet: New York Post
Two office buildings with about 1 million square feet in Manhattan that are being offered for sale by an affiliate of Hines could fetch as much as $1 billion.
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February 19, 2013 - WRIT taps Cassidy Turley to sell 1.3 Million-square-foot medical office portfolio
Outlet: paidContent.org
Washington Real Estate Investment Trust (WRIT) has selected Cassidy Turley to sell its 1.3 million square foot medical office portfolio.
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February 19, 2013 - Carey Watermark Investors acquires five-property Hilton Worldwide Branded portfolio
Outlet: Marketwire - Online
Carey Watermark Investors has five focused-service hotels within the Hilton Worldwide portfolio of brands from entities managed by Fairwood Capital.
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February 18, 2013 - China Vanke Co. chooses Tishman to be its first North American partner
Outlet: Released
Tishman Speyer and China Vanke Co. have formed a joint venture to develop a premier high-rise residential condominium project at 201 Folsom Street in San Francisco.
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February 18, 2013 - SL Green announces $900 million refinancing of 1515 Broadway
Outlet: Business Wire
SL Green Realty Corp. has closed on a $900 million first mortgage refinancing of 1515 Broadway, located in New York City.
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February 18, 2013 - QIC pays $171.5 million for Perth centre
Outlet: Australian Financial Review - Melbourne
QIC has paid $A171.5 million for a half-share in Perth's Claremont Quarter from U.S.-based Brookfield Asset Management.
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February 17, 2013 - Hines tapped to manage three-building energy corridor portfolio
Outlet: Commercial Property Executive - Online
Franklin Street Properties Corp. has hired Hines to manage its three-building office portfolio in the West Houston Energy Corridor.
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February 15, 2013 - Prologis pens deal with BMW
Outlet: Zacks.com
Prologis has linked two build-to-suit deals with BMW of North America, a subsidiary of Bayerische Motoren Werke Aktiengesellschaft, for constructing facilities spanning 609,000 square feet.
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February 15, 2013 - PAMERA buys the first property for Stuttgarter Versicherung’s SIS Fund in Berlin
Outlet: Released
GRR Real Estate Management GmbH has acquired a portfolio of nine recently modernised and extended Aldi stores, in Baden-Württemberg and Bavaria, for the GRR German Retail Fund No.1.
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February 15, 2013 - CORPUS SIREO wins asset management mandate for “Treveria Portfolio”
Outlet: Released
CORPUS SIREO Asset Management Commercial GmbH will take on an extensive asset management mandate for the “Treveria Silo E” commercial real estate portfolio on behalf of receiver Ottmar Hermann and in coordination with special servicer Hatfield Philip
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February 15, 2013 - Columbus Capital purchases a major London and South East Industrial portfolio
Columbus U.K. Real Estate Fund, advised by Columbus Capital Management, has completed the acquisition of the majority of the SEAL portfolio from USS. The portfolio was purchased for £30.8 million.
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February 15, 2013 - KKR to acquire Ontario solar projects
Outlet: Business Wire - Online
KKR has announced the acquisition of three solar photovoltaic energy projects from an affiliate of Starwood Energy Group. Terms of the transaction were not disclosed.
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February 14, 2013 - Equus Capital Partners acquires four-building office and lab portfolio for $41 million
Outlet: Citybizlist Baltimore
Equus Capital Partners, formerly BPG Properties has acquired a four-building, 282,523-square-foot office and lab portfolio in Gaithersburg, Maryland.
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February 14, 2013 - Unico closes $37.5 million deal for two downtown Seattle properties
Outlet: Puget Sound Business Journal - Online
Unico Properties of Seattle paid the Mack family a total of nearly $37.5 million for the Logan Building and the South Arcade retail property next to Pike Place Market in downtown Seattle.
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February 14, 2013 - NTP issued for Bridges and Tunnel Project in Louisville
Outlet: TBM: Tunnel Business Magazine - Online
The Ohio River Bridges Project is moving ahead to construction in the new year with both states issuing “notice to proceed” on initial work for the teams that will build the Downtown and East End Crossings.
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February 14, 2013 - NZ Superannuation Fund reduces overweight position in Auckland International Airport
Outlet: Released
The New Zealand Superannuation Fund sold 100 million shares in Auckland International Airport overnight in a block sale to institutional investors.
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February 14, 2013 - Hines adds Mercedes-Benz Bank Building to holdings
Outlet: GlobeSt.com
The Mercedes-Benz Bank Building has been added to Hines Global REIT's portfolio. Hines bought the property from DDE 24 $69.8 million.
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February 14, 2013 - sbe, Stockbridge and Daniels Real Estate announce development plans for the SLS Hotel Seattle
Outlet: Business Wire - Canada - Online
sbe, an industry-leading hospitality, lifestyle and real estate development company, Stockbridge Capital Group and Daniels Real Estate have announced the $400 million development plans for SLS Hotel Seattle.
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February 14, 2013 - Rubenstein acquires 500,000 SF Boston office portfolio
Outlet: Commercial Property Executive - Online
Rubenstein Partners purchased CenterPoint, a 500,000-square-foot office park in Waltham, Mass., for $68 million.
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February 14, 2013 - Invesco purchases 1.4-million-sqaure-foot industrial portfolio
Outlet: Real Points
Bentall Kenedy and Trammell Crow Co. have sold three industrial buildings totaling 1.4 million square feet to Invesco Real Estate. Financial terms weren’t disclosed.
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February 13, 2013 - Prologis signs two build-to-suit agreements with BMW of North America
Outlet: Money News
Prologis has signed two build-to-suit agreements with BMW of North America totaling 609,000 square feet.
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February 13, 2013 - Dexus Property Group completes U.S. industrial portfolio sale
Outlet: Released
Dexus Property Group has announced the settlement of the sale of 25 U.S. industrial properties.
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February 13, 2013 - RREEF Real Estate buys green office in Manchester
Outlet: PropertyEU - Online
RREEF Real Estate, the real estate investment business of Deutsche Bank, has acquired a 'zero carbon emission’ property in Manchester for £142 million.
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February 13, 2013 - HFF sells N.J. multifamily, industrial property portfolio for $75 million
Outlet: NJBiz - Online
HFF has sold a 128-unit multifamily property in Hoboken to AEW Capital Management in Boston, for $67 million.
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February 13, 2013 - Solyndra facility in Fremont trades for $90.2 million
Outlet: CoStar Group
Solyndra has completed the trade of its 411,618-square-foot industrial building in Fremont, Calif., to Seagate Technology for $90.2 million.
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February 13, 2013 - NBC buys its 30 rock floors in $1.4 bilion trade
Outlet: CNBC - Online
NBCUniversal, the parent company of CNBC and CNBC.com, will purchase the properties it uses at 30 Rockefeller Plaza in New York and CNBC's headquarters in Englewood Cliffs, N.J., for about $1.4 billion.
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February 13, 2013 - Boston Properties acquires in-development high-rise in San Francisco
Outlet: Commercial Property Executive - Online
Boston Properties has purchased 535 Mission Street located in South Financial, San Francisco, and has plans to revive the development process halted back in 2008.
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February 13, 2013 - Sun Communities acquires RV portfolio for $111 million
Outlet: KFSN-TV - Online (press release)
Sun Communities Inc., a real estate investment trust, has acquired a portfolio of 10 recreation vehicle communities for an aggregate price of $111 million.
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February 12, 2013 - W.P. Carey & Co. pays $73.3 million for Kraft HQ
Outlet: Crain's Chicago Business
W.P. Carey & Co. has paid $72.3 million for the Kraft Foods Group headquarters complex in Northbrook, Ill.
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February 12, 2013 - Inland American pays $94.7 million for shopping centers
Outlet: Commercial Real Estate Direct
Inland American Real Estate Trust has paid $94.7 million for two shopping centers in Oklahoma and Texas.
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February 12, 2013 - Oaktree buys stake in Atlanta office
Outlet: Commercial Real Estate Direct
Oaktree Capital Management has acquired a stake in Paces West, a 646,471-square-foot office complex in Atlanta, in a recapitalization of the property that included a modification of its $82.2 million CMBS loan.
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February 12, 2013 - Chesterfield, Va., retail complex to be sold at foreclosure auction
Outlet: Richard BizSense
The 153,000-square-foot Hancock Village retail complex in Chesterfield, Va., is being offered for sale at a foreclosure auction.
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February 12, 2013 - Southside apartment complex sells for $22.9 million
Outlet: Jacksonville Business Journal - Online
Hartford, Conn.-based Cornerstone Real Advisers has acquired the 200-unit Avenue Royale from Chicago-based Equity Residential.
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February 12, 2013 - CenterPoint Properties purchases distribution center for $83 million
Outlet: RealEstateBusinessOnline
CenterPoint Properties has purchased Barnes & Noble’s primary distribution center building for $83 million in New Jersey.
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February 12, 2013 - Lehman to sell tower for more than $800 million
Outlet: Commercial Observer
Lehman Brothers Holdings has agreed to sell the Manhattan office tower at 237 Park Ave. to a venture of RXR Realty LLC and Walton Street Capital.
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February 12, 2013 - IVG acquires €500 million prime portfolio from Freo
Outlet: Press Release
IVG has acquired three office and retail properties in Frankfurt, Main and Berlin and contributed them to a Luxembourg‑based fund as part of a portfolio transaction.
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February 12, 2013 - IVG acquires €500 million prime portfolio from Freo
Outlet: Europe Real Estate
IVG has acquired three office and retail properties in Frankfurt, Main and Berlin and contributed them to a Luxembourg‑based fund as part of a portfolio transaction.
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February 11, 2013 - Trammell Crow pays $42.6 million for Seattle Portfolio
Outlet: CoStar Group
Trammell Crow Co. has acquired a 1.4-acre parcel with three structures in Seattle's First Hill submarket for $42.6 million from Alexandria Real Estate.
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February 11, 2013 - Rockspring secures major €275 million refinancing for German Retail Box Fund
Outlet: Press Release
Rockspring Property Investment Managers has refinanced its Lloyds HBoS €282 million capital market facility for its German Retail Box Fund.
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February 11, 2013 - Torchlight invests in Michigan State University student housing complex
Outlet: GlobeSt.com
Torchlight Investors has purchased a Michigan State University student housing portfolio. Torchlight made its investment on behalf of its Torchlight Debt Opportunity Fund IV.
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February 8, 2013 - California real estate group buys over 70 acres of Kent Valley land from Boeing
Outlet: Kent Reporter
The IDS Real Estate Group and Clarion Partners have purchased more than 70 acres of land for warehouses in the Kent Valley from The Boeing Co.
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February 8, 2013 - Ruby Schron pays $25 million for Coney Island retail site
Outlet: Real Deal, The
Real estate investor Ruby Schron has bought a 49,000-square-foot office building at 532 Neptune Ave. in Brooklyn, N.Y.
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February 8, 2013 - AREA sells Riverside Drive building
Outlet: Real Deal, The
An affiliate of A&E Real Estate has paid $18.2 million for a 64-unit apartment building at 730 Riverside Drive in Manhattan's Hamilton Heights section.
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February 8, 2013 - Brooklyn, N.Y., hospital offered for sale
Outlet: Crain's New York Business - Online
SUNY Downstate is offering for sale its 200,000-square-foot Long Island College Hospital Complex in Brooklyn, N.Y.
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February 8, 2013 - Union Investment to ramp up in Americas
Outlet: PropertyEU - Online
Hamburg-based Union Investment has told PropertyEU that it intends to use its €330 million acquisition of an office tower in San Francisco last June to re-start an acquisition program in the Americas.
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February 8, 2013 - Industry leader David Linsmayer joins Avison Young in San Francisco
Outlet: WAFB-TV - Online
Nick Slonek, Avison Young principal and managing director of the company's San Francisco office, announced that veteran commercial real estate broker David Linsmayer has joined Avison Young's brokerage operations in San Francisco.
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February 8, 2013 - MG Properties Group announces $95 million acquisition
Outlet: PR Newswire - Online
MG Properties Group has announced the acquisition of Terracina, a 736-unit multifamily property in Ontario, California, for $95 million.
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February 8, 2013 - Herndon, Va., apartment complex sells for $24.3 million
Outlet: Commercial Real Estate Direct
Federal Capital Partners has paid $24.3 million for the 184-unit Berkdale Apartments in the Dulles Park area of Herndon, Va.
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February 8, 2013 - Boston Properties to pay $27million for development site
Outlet: Commercial Real Estate Direct
Boston Properties has agreed to pay $27 million for the last parcel of land in the urban core of Reston Town Center.
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February 8, 2013 - Cobalt Capital Partners selling 15 distribution properties
Outlet: Commercial Real Estate Direct
Cobalt Capital Partners is offering for sale a portfolio of 15 distribution properties.
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February 8, 2013 - LGP completes acquisition of FIX Portfolio
Outlet: Press Release (pr) Distribution Service By India Prwire
Legal & General Property (LGP), on behalf of its U.K. Property Income Fund, has acquired the FIX Portfolio from a consortium of investors represented by Paradigm Real Estate Managers, for £115.9 million.
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February 8, 2013 - Cousins Properties expands in Texas and affirms commitment to Atlanta
Outlet: Webnewswire.com/
Cousins Properties Incorporated has completed the Post Oak Central transaction and formed a 50/50 joint venture.
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February 7, 2013 - Kimco buys Columbia shopping center for $21.8 million
Outlet: Big News Network
Kimco Realty Corp. has acquired the 100,380-square-foot retal center at 6100-6110 Dobbin Road for $21.8 million.
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February 7, 2013 - Portfolio of five Chicago self-storage properties sells for $41 million
Outlet: Inside Self-Storage (ISS) - Online
A five-facility self-storage portfolio in Chicago recently sold to two separate companies for $41 million. Four of the properties were acquired by real estate investment trust Sovran Self Storage Inc. The fifth, near Loyola University, was sold to th
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February 7, 2013 - Boston Properties announces acquisition of 535 Mission Street in San Francisco
Outlet: Press Release
Boston Properties has completed the acquisition of 535 Mission Street, a development site, in San Francisco, for an aggregate purchase price of approximately $71.0 million cash.
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February 6, 2013 - Aon building in Lincolnshire sells for $22.6 million
Outlet: CoStar Group
An affiliate of RREEF America sold the Aon building in Lincolnshire, Illinois to Cole Real Estate Investments, a Phoenix-based real estate investment trust, for $22.6 million.
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February 6, 2013 - Equus Capital sells office complex for $23 million
Outlet: GlobeSt.com
The former BPG Properties, now called Equus Capital, has sold a two-building office complex in Maryland for $23.7 million. The property, Tower Point at the Highlands, traded to an affiliate of Greenfield Partners. Tower Point at the Highlands, a 162,
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February 6, 2013 - Frauenshuh acquires office property for $25.3 million
Outlet: CoStar Group
Frauenshuh, Inc. acquired France Place at 3601 Minnesota Dr. in Bloomington, Minn. from American Realty Advisors for $25.267 million, or about $124 per square foot. The nine-story, 204,245-square foot office building was built in 1983 in the I-494 Co
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February 6, 2013 - Orlando office complex purchased for $14.6 million
Outlet: CoStar Group
Consolidated-Tomoka Land Co. has purchased a two-building office complex in Orlando, FL from Highwoods Properties for $14.6 million, or about $109 per square foot. Both buildings are fully leased to Hilton Resorts Corporation under a long-term deal w
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February 6, 2013 - Aviva Investors and GreenSquare Group complete £19 million funding for 212 affordable homes
Outlet: Press Release
Aviva Investors has announced the funding of 212 residential properties in the South of England for GreenSquare Community Housing, located in London.
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February 6, 2013 - Chatham Lodging buys Courtyard By Marriott Houston Medical Center Hotel
Outlet: RTTNews.com
Chatham Lodging Trust has acquired the three-year-old Courtyard by Marriott Houston Medical Center hotel in Houston, Texas, for $34.75 million.
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February 6, 2013 - Charter Hall circles $266 million mall
Outlet: Australian- Online, The
After being trumped in its bid for the $600 million Coles shopping centre portfolio, the listed Charter Hall Group has embarked on due diligence to buy the $266 million Innaloo shopping center in Perth from Westfield Group.
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February 5, 2013 - Cerexa expands headquarters at Bay Area office building
Outlet: Business Wire - Canada - Online
CIM Group announced today that Cerexa, a biopharmaceutical company, is expanding and extending its lease for its headquarters at 2100 Franklin to a total of approximately 50,000 square feet.
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February 5, 2013 - PRUPIM acquires Waverleygate in London
Outlet: Press Release
PRUPIM has acquired Waverleygate in Edinburgh, London, from Highcross for £46 million.
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February 5, 2013 - Segro completes the disposal of the MPM site in Munich for €65 million
Outlet: Property Mall
Segro completes the disposal of the MPM site in Munich for €65 million.
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February 4, 2013 - Excel Trust acquires Tracy Pavilion for $32 million
Outlet: Cincinnati Enquirer - Online (press release)
Excel Trust has acquired Tracy Pavilion, a 374,766 square foot shopping center, for approximately $32 million.
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February 4, 2013 - Sumitomo buys U.K. water supply firm for $259 million
Outlet: WSJ Blogs
Japanese trading house Sumitomo Corp. has purchased British water supply firm Sutton and East Surrey Water Plc for $259 million.
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February 4, 2013 - Goodman wins $451 million in deals
Outlet: Weekend Australian, The (VIC)
The Goodman Group will build $451 million worth of Australian logistics sheds and business parks for tenants, including Wesfarmers and DHL.
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February 4, 2013 - Dundee International REIT to acquire office properties in Germany for $568 million
Outlet: Financial Post - Online
Dundee International REIT is buying a 1.5-million-square-foot portfolio of office properties in Germany for $568 million.
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February 4, 2013 - CIM Group sells 22-property apartment portfolio in San Francisco
Outlet: Cincinnati Enquirer - Online (press release)
CIM Group has completed the sale of the remaining 12 San Francisco apartment properties that were part of a 22-building, 418-unit portfolio that the company acquired in June 2009 through a deed in lieu of foreclosure transaction. The company sold 10
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February 4, 2013 - Cushman and Wakefield negotiates sale of apartment building in Utah
Outlet: Markets.financialcontent.com
Cushman & Wakefield has announced the sale of The Landing, an apartment building near the University of Utah, for an undisclosed price. Cushman & Wakefield represented the buyer, University Communities, and seller, 1300 East BRE, LLC, in this transac
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February 4, 2013 - Bright spots in Latin America despite global economic uncertainty
Outlet: Individual.com
There are bright spots as Latin American and Caribbean economies begin the year but the uncertain health of the U.S. economy, the lingering financial crisis in Europe and more sluggish growth in China are casting shadows over the region.
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February 4, 2013 - KBS Realty Advisors acquires office tower for $98.4 million
Outlet: Commercial Property Executive - Online
KBS Realty Advisors has acquired Captrust Tower, a 300,389-square-foot office and retail building in the North Hills area of Raleigh, N.C., for a reported $98.4 million.
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February 4, 2013 - Blackstone’s LogiCor completes €250 million Polish logistics deal
Outlet: Property Week - Online
Blackstone’s European logistics business LogiCor has completed the purchase of two portfolios of logistics properties in Poland from U.S. industrial company, Panattoni Europe Polish Logistics Assets.
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February 3, 2013 - Legal & General Property finalizes £91 million student accommodation deal
Outlet: Property Week - Online
Legal & General Property has completed the site purchase and forward funding of a 1,104-bed student accommodation scheme from listed developer Terrace Hill, for £91 million.
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February 3, 2013 - Energy XXI expands footprint at One City Center
Outlet: Commercial Property Executive - Online
Oil-and-gas exploration and production company Energy XXI Services has decided to expand its presence on the Main Street Corridor. The company has signed a lease expansion for 28,168 square feet at One City Center, bringing its total footprint to 128,133 square feet.
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February 1, 2013 - Artemis Real Estate Partners acquires industrial property on behalf of New York Common State Retirement Fund
Outlet: Collegiate Presswire - Online
Artemis Real Estate Partners has acquired a 225,000 square foot, 100 percent leased industrial building in San Bernardino, Calif. through a joint venture with CT Realty Investors. This transaction was made on behalf of New York Common State Retiremen
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February 1, 2013 - KBS Realty acquires Captrust Tower for undisclosed price
Outlet: CoStar Group
California-based KBS Realty Advisors purchased the 17-story, LEED-certified, Captrust Tower in Raleigh, North Carolina for an undisclosed price.
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February 1, 2013 - Ohio distribution center sold for $34.9 million
Outlet: Commercial Real Estate Direct
An affiliate of American Realty Capital Trust IV has paid $34.9 million for an 811,200-square-foot distribution facility at 3200 Gilchrist Road in Mogadore, Ohio.
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February 1, 2013 - Flatotel Hotel sold for $180 million
Outlet: Crain's New York Business - Online
The Flatotel, a 46-story hotel on West 52nd Street, located in New York City, has been sold for $180 million. A partnership between investors Joseph Chetrit and David Bistricer has acquired the building from a venture between the Rockpoint Group, Atlas Capital Group and Procaccianti Group.
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February 1, 2013 - Ironstate Development and Panepinto Properties plan $350 million mixed-use project
Outlet: Commercial Real Estate Direct
Ironstate Development and Panepinto Properties plan to begin work in two months on a 1.2 million-square-foot mixed-use development in Jersey City, N.J.
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February 1, 2013 - Millennium Partners plans $620 milion project in Boston
Outlet: Boston.com
Millennium Partners is planning to develop a $620 million commercial and residential development in downtown Boston.
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February 1, 2013 - Emmes pays $57.5 million for Manhattan office building
Outlet: Crain's New York Business - Online
Emmes Asset Management has bought a 116,000-square-foot office building at 158 West 27th St. in Manhattan for $57.5 million.
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February 1, 2013 - Rosemont Realty agrees to buy Philadelphia office building for $110 million
Outlet: Wall Street Journal
Rosemont Realty has agreed to acquire a 665,649-square-foot office building in downtown Philadelphia for $110 million.
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February 1, 2013 - Brandywine Realty Trust to sell Princeton Pike Corporate Center for $121 million
Outlet: RTT News
Brandywine Realty Trust has entered into a definitive agreement to sell Princeton Pike Corporate Center, an eight-building, 800,546 square foot office park located in Lawrenceville, N.J.
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February 1, 2013 - LaSalle acquires Munich office property
Outlet: Press Release (pr) Distribution Service By India Prwire
LaSalle Investment Management Kapitalanlagegesellschaft mbH has acquired an office property in Prinzregentenstraße, Munich, on behalf of a specialist investment fund managed by LaSalle KAG.
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February 1, 2013 - Schroders to invest £28 million in U.K. care homes
Outlet: Press Release
Schroder U.K. Property Fund, managed by Schroders, will fund the development of five new care homes in Suffolk for £28 million with Care U.K.
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February 1, 2013 - Washington Post says it may sell its headquarters
Outlet: Sun Herald - Online, The
The Washington Post is considering selling its 63-year-old downtown headquarters.
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February 1, 2013 - Primaris REIT paying $377 million for portfolio of shopping centres in Alberta
Outlet: Penticton Herald - Online
Primaris Retail REIT has purchased a portfolio of shopping centers in Edmonton and Medicine Hat, Alta., for $377 million. Major properties are Medicine Hat Mall in Medicine Hat and Sherwood Park Mall, Edmonton.
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January 31, 2013 - Excel REIT buys most of Tracy Pavilion for $32 million
Outlet: National Real Estate Investor - Online
Excel Trust has purchased multiple phases of Tracy Pavilion Shopping Center here for about $32 million.
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January 31, 2013 - Starwood Hotels sells Aloft and Element Lexington for $36 million to Rockwood Capital
Outlet: Individual.com
tarwood Hotels & Resorts Worldwide closed the sale of Aloft and Element Lexington to Rockwood Capital for $36 million.
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January 31, 2013 - LondonMetric Property purchases £92.4 million retail warehouse portfolio
Outlet: Press Release
LondonMetric Property has acquired its first acquisition with the purchase of a portfolio of six retail warehouse assets for £92.4 million.
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January 30, 2013 - Prologis sells JFK portfolio for $57 million
Outlet: Times Ledger Newspapers - Online
TA Associates Realty has purchased a $57 million portfolio of properties adjacent to John F. Kennedy International Airport. The seller was Prologis.
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January 30, 2013 - Griffin Capital pays $27 million for Englewood office
Outlet: CoStar Group
Griffin Capital Net Lease REIT has acquired the Quebec Court building in Englewood, Colo., from a joint venture of JER Partners and Circle Capital Partners for $27 million.
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January 30, 2013 - Rancho Bernardo office buildings sell for $53 million
Outlet: San Diego Business Journal - Online
Drawbridge Realty Trust has purchased two Rancho Bernardo office buildings for $53 million.
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January 30, 2013 - Local firm buys two apartment communities for $44.5 million
Outlet: San Diego Business Journal - Online
MG Properties Group has purchased two California apartment communities, totaling 294 units, for a total of $44.5 million.
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January 30, 2013 - New York firm buys two shopping centers for $27.5 million
Outlet: Business First of Columbus - Online
Garrison Investment Group this month bought the 160,700-square-foot Arlington Square retail center at Reed and West Henderson roads and the 220,000-square-foot Westerville Plaza.
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January 30, 2013 - Cole Credit Property pays $205 million for Silicon Valley retail center
Outlet: Phoenix Business Journal - Online
Phoenix-based Cole Credit Property Trust IV has snatched up a massive slice of real estate in Silicon Valley for $205 million — one of the biggest acquisitions for the real estate investment trust to date.
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January 30, 2013 - Pebblebrook buys Embassy Suites San Diego Bay for $112.5 million
Outlet: Morningstar.com
Pebblebrook Hotel Trust has acquired the Embassy Suites San Diego Bay – Downtown for $112.5 million.
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January 30, 2013 - GVA to sell £46 million Manchester Royal Exchange
Outlet: Place North West
Prupim has appointed GVA to manage the sale of Manchester's Royal Exchange building between Cross Street and St Ann's Square.
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January 29, 2013 - New 15-story office tower planned for downtown Richmond
Outlet: Individual.com
A Chicago-based developer plans to change the Richmond skyline with a 15-story office tower in the heart of the downtown business district.
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January 29, 2013 - Investor buys Forest Park Pavilion for $27 million
Outlet: Big News Network
Healthcare Trust of America has bought Forest Park Pavilion for $27 million.
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January 29, 2013 - East Coast firm buys oil, ethanol plant for $95 million
Outlet: GlobeSt.com
A Massachusetts-based firm has purchased the Cascade Kelly Holdings LLC’s crude oil and ethanol facility on the Columbia River at Clatskanie.
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January 29, 2013 - South Mountain Center at the Raven sold for $13.9 million
Outlet: CoStar Group
Redstone Enterprises acquired the South Mountain Center in Phoenix, Ariz., from Omninet Capital for $13.9 million.
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January 29, 2013 - Investment groups buy 18 Wendy's restaurants in $23.7 million deal
Outlet: Las Vegas Review-Journal - Online
Two real estate investment groups have purchased 18 Wendy's restaurants in Las Vegas for $23.7 million.
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January 29, 2013 - Yorkshire-Australian partners invest £240 million in student housing
Outlet: bdaily.co.uk
A partnership between Manor Properties and Australian infrastructure firm, Lend Lease, will deliver £240 million of investment into U.K. student accommodation.
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January 29, 2013 - Blackstone Said to Seek $450 Million for Hotel Financing
Outlet: Bloomberg Businessweek - Online
...hotel owner, is in talks to borrow about $450 million to refinance debt on San Diego’s historic Hotel del Coronado to take advantage of lower interest rates, a person with knowledge of the plans said. Blackstone’s real estate unit holds 60 perc
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January 29, 2013 - Kimco Realty sells four Dayton retail centers for $15.3 million
Outlet: Dayton Business Journal - Online
Kimco Realty has sold a portion of its Dayton retail portfolio.
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January 29, 2013 - Summit to acquire Louisiana portfolio
Outlet: Hotel Business - Online
Summit Hotel Properties has agreed to acquire a portfolio of five Marriott-branded hotels in Louisiana for approximately $135 million.
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January 28, 2013 - Office campus fetches near $92 million
Outlet: GlobeSt.com
Brookfield Opportunity Fund has purchased 987,428-square-foot multi-building office campus for $92 million.
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January 28, 2013 - Suburban Jacksonville office buildings sell for $31 million
Outlet: Jacksonville Business Journal - Online
Rosemont Realty has acquired a suburban Jacksonville office complex for $31.7 million.
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January 28, 2013 - EdR Creates Joint Venture to Develop and Own New Off-Campus Collegiate Housing Community at the University of Minnesota
Outlet: University Business - Online
EdR Creates Joint Venture to Develop and Own New Off-Campus Collegiate Housing Community at the University of Minnesota Submitted by Ann McClure on Mon, 01/28/2013 - 6:47pm Tuesday, January 29, 2013 EdR EdR...
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January 28, 2013 - RBC Plaza in downtown Mpls. to be sold for $126.5 million
Outlet: Star Tribune - Online
Article by: ADAM BELZ , Star Tribune KBS Real Estate Investment Trust will convert some of the retail area in RBC Plaza into more office space. Brookfield Properties, long a major real estate player in the Twin Cities, is selling its local hold
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January 28, 2013 - Columbia medical building sells for $20.6 million
Outlet: Dublin News
Aequus I has sold the 56,212-square-foot Charter Professional Building in Columbia for $20.6 million.
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January 28, 2013 - Shopping center in Lexington near Walmart sold
Outlet: Lexington Dispatch - Online, The
The Roseview Group has sold Walmart shadowed shopping center totaling 16,740 square feet in Lexington on behalf of a bank advisory client.
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January 28, 2013 - KBS paying Brookfield $127 million for RBC Plaza
Outlet: Minneapolis/St. Paul Business Journal - Online
KBS Real Estate Investment Trust has paid $126.5 million for the 40-story office tower called RBC Plaza in downtown Minneapolis.
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January 28, 2013 - Prologis trades airport portfolio in $57 million deal
Outlet: GlobeSt.com
A Prologis industrial portfolio adjacent to JFK International Airport has traded to TA Associates Realty, according to Cushman & Wakefield, which arranged the $57.2 million sale.
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January 28, 2013 - AIMS AMP Capital Industrial Reit to redevelop Defu Lane property for S$25 million
Outlet: Business Times - Online, The
AMP Capital Industrial Reit will be investing S$25.4 million to redevelop its property at 103 Defu Lane 10.
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January 28, 2013 - Hammond Hanlon Camp advises on sale of Dallas medical office building
Outlet: newsblaze.com
SRP Medical and Forest Park Medical Center, under the advisement of healthcare investment banking firm Hammond Hanlon Camp, has completed the sale of the Forest Park Pavilion, a medical office building in Dallas, Texas.
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January 27, 2013 - Ivanhoé Cambridge and TPG complete acquisition of Woolgate Exchange
Outlet: Yahoo! News
Ivanhoé Cambridge and TPG has completed the acquisition of Woolgate Exchange, a high-quality office building located in London's business district.
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January 27, 2013 - Berkadia closes $1.5 billion refinancing
Outlet: Multifamily Executive - Online
Berkadia Commercial Mortgage has secured a $1.5 billion refinancing deal, the largest in the company’s history.
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January 26, 2013 - MGPG buys two apartments for $44 million
Outlet: National Real Estate Investor - Online
MG Properties Group (MGPG) has acquired two apartment communities here and in Pomona, Calif., for $44.5 million.
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January 25, 2013 - Queensgate Investments Fund creates $450 million partnership
Queensgate Investments Fund I and a number of private investors have announced the creation of a $450 million joint venture, which has exchanged contracts with Anschutz Entertainment Group to buy a 3 hectare riverfront hotel led site.
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January 25, 2013 - Sunstone sells four hotels in Minnesota
Outlet: Orange County Business Journal - Online
Aliso Viejo-based Sunstone Hotel Investors has entered into agreements to sell a four-hotel portfolio in Rochester, Minn., for $230 million.
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January 25, 2013 - Macerich acquires Long Island's Green Acres Mall for $500 million
Outlet: Morningstar.com
The Macerich Co. has acquired Green Acres Mall. Green Acres Mall is a 1.8 million square foot super regional mall located in Valley Stream, New York.
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January 25, 2013 - PA invests $82 million toward water infrastructure projects
Outlet: FierceEnergy
Pennsylvania will see an $82 million investment into its water infrastructure through the Pennsylvania Infrastructure Investment Authority.
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January 25, 2013 - Oak Tree Capital, Behringer form JV at Paces West office complex
Outlet: GlobeSt.com
Oak Tree Capital Management and Behringer Harvard have formed a joint venture ownership arrangement for the former Home Depot headquarters.
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January 24, 2013 - Rockspring acquires €78 million Paris Oise Logistics Park
Outlet: Europe Real Estate
Rockspring Property Investment Managers has acquired the Paris Oise Logistics Park, located in Longueil Sainte Marie to the North of Paris, for its TransEuropean Property Limited Partnership V fund.
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January 24, 2013 - Tempe aims to partner with Liberty Property Trust to develop 100 acres
Outlet: Phoenix Business Journal - Online
Tempe is aiming to partner with a large, publicly-traded real estate firm for the commercial development of approximately 100 acres of city-owned land near Tempe Town Lake over roughly the next decade.
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January 24, 2013 - KBS Strategic Opportunity REIT acquires retail property in Los Angeles submarket
Outlet: pr-usa.net - Online
KBS Strategic Opportunity REIT has participated as a majority joint venture partner in the acquisition of The Burbank Collection, a 39,428-square-foot retail property in Burbank, Calif., 11 miles north of downtown Los Angeles in Southern California's
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January 24, 2013 - Tucson retail plaza sells for $32.3 million
Outlet: AZCentral.com
Camelback Corporate Center Joint Venture has sold Campbell Plaza on the northeast corner of Campbell Ave. and Glenn Street in Tucson to Krausz Puente and Krausz RC Properties One of Irvine, Calif., for $32.3 million.
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January 24, 2013 - DCT Industrial Trust announces continued growth in Houston
Outlet: Webnewswire.com/
DCT Industrial Trust has announced expansion and progress in the Houston market. The company purchased an 11 acre land parcel in the Northwest submarket of Houston.
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January 23, 2013 - EdR creates joint venture to develop collegiate housing at the University of Minnesota
Outlet: Business Wire
EdR has executed agreements with GEM Realty Capital and Schenk Realty Group to jointly develop and own new off- campus collegiate housing at the University of Minnesota in Minneapolis.
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January 23, 2013 - PREIT sells Power Center for $76.8 million
Outlet: CoStar Group
Pennsylvania Real Estate Investment Trust (PREIT) has sold the Paxton Towne Centre located at 5125 Jonestown Rd. in Harrisburg, Pa, to The Kroenke Group for $76.8 million.
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January 23, 2013 - St. Petersburg office portfolio trades for $41.5 million
Outlet: CoStar Group
Cardinal Point Management has acquired a three-building office portfolio in the 432-acre Carillon Corporate Park located in St. Petersburg, Fla., for $41.5 million.
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January 23, 2013 - W.P. Carey affiliate pays $25 million for Sterling Warehouse
Outlet: CoStar Group
CPA 17-Global LLC, the REIT affiliate of W.P. Carey, purchased an industrial building for $25 million.
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January 23, 2013 - Drawbridge Realty Trust acquires four office buildings
Outlet: Pymnts.com
Drawbridge Realty Trust has acquired four buildings in San Diego County and Silicon Valley. The acquisitions added over 227,600 square feet to Drawbridge’s portfolio, now totaling 1.8 million square feet across the Western United States.
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January 23, 2013 - Columbus Capital purchases the Met Quarter in Liverpool
Outlet: Press Release
Columbus U.K. Real Estate Fund, advised by Columbus Capital Management, has completed the acquisition of the Met Quarter in Liverpool. The center was acquired from Irish investors for £21 million.
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January 23, 2013 - PRUPIM acquires Hilton Hotel
Outlet: Press Release
PRUPIM has acquired Hilton Hotel at Terminal 5, Heathrow Airport, for circa £21.13 million from a Shiva Hotels parent company. The property has been purchased by PRUPIM for a client’s secured long income funds.
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January 23, 2013 - CBRE picked to let iconic Warsaw office
Outlet: PropertyEU - Online
CBRE has been appointed as exclusive leasing agent for Rondo 1, an office building located in the heart of Warsaw.
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January 23, 2013 - ARC pays $112 million to get its toes wet in Silicon Alley
Outlet: Real Estate Weekly - Online
American Realty Capital New York Recovery REIT (ARC) has entered into a purchase and sale agreement to acquire the fee simple interest in an office building lat 218 West 18th Street in Chelsea.
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January 23, 2013 - Summit Hotel Properties closes acquisition of three Hyatt hotels
Outlet: Hotel News Resource
Summit Hotel Properties has acquired three hotels containing an aggregate of 426 guestrooms from certain affiliates of Hyatt Hotels Corp. for a purchase price of $36.1 million.
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January 23, 2013 - Marcus & Millichap sells 768-unit self-storage facility
Outlet: Minnesota Real Estate Journal - Online
Marcus & Millichap Real Estate Investment Services has sold Icon Secure Storage located in the Chicago.
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January 23, 2013 - Malaysian pension fund frontrunner for £220 million City deal
Outlet: Property Week - Online
The National Pension Service of Korea is close to selling a striking City office block for £220 million, after buying it at the bottom of the market for £183 million.
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January 23, 2013 - Canadian timber company expands into United States with $80 million purchase
Outlet: Vancouver Sun - Online, The
Canadian forest company International Forest Products is buying three sawmills in Georgia from U.S. timber REIT Rayonier in a strategic move that gives the firm a base in the southern United States.
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January 22, 2013 - RREEF trades Chelmsford Campus to Novaya
Outlet: CoStar Group
RREEF America REIT III Corp. completed its sale of One and Two Executive Drive in Chelmsford, Mass, to Novaya Real Estate Ventures for $23.45 million.
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January 22, 2013 - Kraft Foods sells suburban Chicago headquarters, leases it back
Outlet: Big News Network
Kraft Foods Group has sold its suburban Chicago headquarters as part of a broad-based effort to return cash to shareholders.
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January 22, 2013 - Haley Real Estate Group announces the acquisition of four multifamily communities
Outlet: Press Release
Haley Real Estate Group has announced the $51.2 million strategic acquisition of four multifamily properties. The combined purchase adds approximately 1,000 units to the company’s portfolio and a $12.4 million capital improvement strategy will be imp
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January 22, 2013 - Mack-Cali acquires Roseland luxury properties near Boston
Outlet: NJBiz - Online
Mack-Cali Realty Corp. is set to acquire two Boston-area rental properties currently managed by its Roseland Property Co. subsidiary, which it formed last fall when it acquired the multifamily builder.
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January 22, 2013 - Credit Suisse & IBRC sells interest in Woolgate Exchange for £265 million
Outlet: Press Release
Receivers Robert Harry Pick and Simon James Underwood of Menzies Business Recovery LLP have sold the freehold interest in Woolgate Exchange on behalf of the lenders Credit Suisse & IBRC instructed by the Special Servicer, Capita Asset Services (UK) Ltd for £265 million.
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January 22, 2013 - CORESTATE signs €300 million of German distressed property acquisitions
Outlet: Press Release
CORESTATE has acquired a German commercial and residential portfolio valued at €150 million and entered into an exclusive agreement to purchase an additional €150 million of residential assets.
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January 22, 2013 - MGPA acquires long-let class A office building in Perth, Western Australia
Outlet: Press Release
MGPA has acquired the first asset for its German fund focused on Asia-
Pacific, MGPA Asien Spezialfonds, in Perth, Western Australia.
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January 22, 2013 - Mill Creek Residential starts construction on Landmark Gateway in Alexandria, Virginia
Outlet: Canadian Interiors - Online
Mill Creek Residential Trust has started construction on Landmark Gateway, a 360-unit apartment community in Alexandria, Virginia. The mixed-use multifamily community is being developed as part of a joint venture with AEW Capital Management and the o
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January 22, 2013 - Brookfield completes $886 million acquisition of Verde Realty
Outlet: pr-usa.net - Online
Brookfield has closed the acquisition of a majority ownership position in Verde Realty. Through this transaction, an investment vehicle managed by Brookfield will control approximately 81% of the common equity in Verde, with the remaining equity reta
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January 22, 2013 - Interfor buys three Georgia sawmills from Rayonier for $80 million
Outlet: CKGL-AM - Online
International Forest Products has signed a deal to buy the assets of Rayonier’s wood products business including three sawmills in Georgia for $80 million, its first such deal in the U.S. southeast.
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January 22, 2013 - Wheelock Street Capital acquires first property in California
Outlet: Daily Herald - Online (press release)
Wheelock Street Capital has announced its first residential land acquisition in California, the 132-acre Stonehill Estates in western Riverside County.
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January 22, 2013 - Parmenter Realty Partners buys its first asset in the Washington, D.C. metro area
Outlet: Cincinnati Enquirer - Online (press release)
Parmenter Realty Partners have announced the acquisition of 460 Herndon Parkway, a 205,074 square foot office building situated on approximately 10 acres of land, in Herndon, Virginia. The asset is currently 96% occupied with no near-term rollover.
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January 22, 2013 - MG Properties Group closes two California acquisitions totaling $44.5 million
Outlet: iStockAnalyst
MG Properties Group has acquired Terramonte Apartments, a 138-unit multi-family property in Pomona, CA, for $19.25 million, and Waterstone Apartments, a 156-unit multi-family property in Tracy, CA, for $25.25 million.
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January 22, 2013 - Vulcan sells assets, invests in others
Outlet: Aggregates Manager - Online
Vulcan Materials Co. has announced that it has sold assets of just under $150 million dollars.
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January 22, 2013 - Prologis signs 1 million-square-foot build-to-suit with Amazon
Outlet: Registry (San Francisco), The
Prologis has signed a lease agreement with Amazon to build a more than 1 million-square-foot distribution center.
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January 22, 2013 - Parkway agrees to purchase eight office buildings in Jacksonville, Florida
Outlet: PR Newswire - Online
Parkway Properties has entered into a purchase and sale agreement to acquire a portfolio of eight office properties totaling 1.0 million square feet located in the Deerwood submarket of Jacksonville, Fla., for a purchase price of $130 million.
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January 21, 2013 - Madison acquires 35 percent equity stake in Statoil's newly office complex for $71 million
Outlet: Press Release
Madison International Realty has completed the acquisition of a 392 Million NOK (approx. US $71 Mio.) interest in the Statoil complex in Oslo, Norway.
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January 20, 2013 - Two Springs shopping centers sold for $31.5 million
Outlet: Gazette, The
A company controlled by billionaire real estate and sports mogul Stan Kroenke has paid $31.5 million to buy two shopping centers in Colorado Springs.
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January 18, 2013 - MIG Real Estate LLC acquires multifamily property in Denver
Outlet: GlobeSt.com
MIG Real Estate LLC, a Newport Beach, California-based real estate investment company, has acquired Churchill Downs, a 168-unit multifamily community located in southwest Denver, from an unnamed seller for an undisclosed price.
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January 18, 2013 - Prologis starts development in Japan
Prologis announced the commencement of a new development project totaling 795,000 square feet in Japan. Prologis Park Kitamoto is located in Saitama Ken-O Expressway, a submarket of Tokyo. The facility, located within 29 miles of Tokyo's central busi
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January 18, 2013 - Schroders sells IMG's Stockley headquarters for £42.25 million
Outlet: CoStar UK News
Schroders has sold 5 Longwalk at Heathrow's Stockley Park, the headquarters of global sports media giant IMG, to a private Middle Eastern investor for £42.25 million ($67.6 million), a 6.35 percent yield, according to CoStar News.
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January 18, 2013 - Goodman sells logistic unit to LaSalle
Outlet: Europe Real Estate
Global integrated property group, Goodman has completed the sale of First Point, Burton, a 213,240 square-foot prime logistics unit in the Midlands. The logistics development was purchased by LaSalle Investment Management, acting on behalf of an undi
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January 18, 2013 - Vulcan sells $170 million office property in Seattle to Kilroy
Outlet: Commercial Property Executive - Online
Vulcan Real Estate and Group Health Cooperative have sold Westlake Terry, a two-building, 320,399-square-foot office property in Seattle’s South Lake Union submarket for about $170 million to Kilroy Realty Corp. of Los Angeles.
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January 18, 2013 - Kraft Foods sells Northfield campus for leaseback
Outlet: Chicago Tribune - Online
Kraft Foods said late Thursday it has sold its headquarters campus in Northfield and will lease it back for a minimum of 10 years. The buyer is the real estate investment trust W.P. Carey, according to an internal memo to Kraft employees. The sales p
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January 17, 2013 - Regency Centers buys shopping center in San Diego
Outlet: Rentv.com
Regency Centers Corp. has acquired Uptown District Shopping Center, a 148,600-square-foot mixed-use retail center in San Diego’s Hillcrest neighborhood. The property sold for $81 million, reportedly making it the largest retail transaction in San Die
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January 17, 2013 - Sony to sell its Manhattan headquarters for $1.1 billion
Outlet: Wall Street Journal
Sony Corp. has reached a deal to sell its U.S. headquarters at 550 Madison Ave. for $1.1 billion, the company said Thursday, a strong price that shows how investors are bidding aggressively for top Manhattan properties.
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January 17, 2013 - Chelmsford properties sold for $23.5 million
Outlet: Lowell Sun - Online
The owner of two Lowell, Mass. office properties recently acquired two buildings in neighboring Chelmsford for $23.5 million. Boston-based Novaya Real Estate Ventures acquired One and Two Executive Drive from an affiliate of RREEF Real Estate, accord
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January 17, 2013 - Cushman & Wakefield negotiates $76 million sale-leaseback of Hensley & Co. properties
Outlet: AZRE: Arizona Commercial Real Estate - Online
In one of Arizona’s largest industrial sale-leaseback transactions for 2012, an investment team at Cushman & Wakefield of Arizona led by Chris Toci, Chad Littell, and Jim Wilson, negotiated a $76 million disposition and leaseback of three facilities
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January 17, 2013 - W3 Partners/AllianceBernstein acquire Flex Tech building in San Jose, Calif.
Outlet: Registry - Online, The
W3 Partners, an institutional real estate investment manager and operating company, has acquired, on an off-market basis, a 64,336-square foot, single story flex-tech building in San Jose, Calif. from Prologis, in a joint venture with AllianceBernste
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January 17, 2013 - Real Hospitality Group acquires Four Points in New York Times Square
Outlet: Hotel News Resource
Gehr Development, which owns the 33-story Fairfield Inn by Marriott Times Square at 330 West 40th Street, completed the acquisition of the adjacent Four Points by Sheraton Times Square, at 326 West 40th Street, for $112 million, or approximately $460
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January 17, 2013 - Cliff Hotel in San Francisco sold for $120 million
Outlet: Meetings Focus
The iconic Clift Hotel, located nearby San Francisco’s Union Square at 495 Geary Street, has reportedly been purchased by an affiliate of Hospitality Properties Trust for $120 million from Tarsadia Investments.
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January 17, 2013 - New Jersey firm buys Millenia Crossing shopping center for $34.5 million
Outlet: Orlando Business Journal - Online
A three-year-old shopping center near The Mall at Millenia sold to a New Jersey firm last month for $34.5 million. Morris Millenia Associates LLC, an entity related to Rutherford, N.J.-based real estate firm The Morris Cos., bought Millenia Crossing
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January 17, 2013 - Venture West Funding arranges two loans totaling $20.2 million for the purchase of apartment buildings in Costa Mesa, Calif.
Outlet: Building - Online
Venture West Funding, Inc., a mortgage company headquartered in El Segundo, Calif., announced it has arranged loans totaling $20.2 million for the purchase of two apartment buildings located in Costa Mesa, Calif. The loans were arranged through Capit
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January 17, 2013 - Goldman Sachs Sells $750 million of junior loans on Hawaiian Hotel Portfolio
Outlet: WSJ Blogs
Goldman Sachs Group has sold about $750 million of junior loans on a large hotel portfolio owned by the private-equity firm Cerberus Capital Management, according to people briefed on the transaction.
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January 17, 2013 - Former La Grange Borders building in Chicago purchased by RREEF Real Estate for $21.1 million
Outlet: Suburban Life Publications - Online
The La Grange Crossing shopping center, which includes the former Borders along with Trader Joe’s and Walgreens, has been purchased by RREEF Real Estate for $21.1 million, according to Crain’s Chicago Business.
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January 17, 2013 - CBRE helps sell 282-unit apartment complex in Minnesota
Outlet: Minnesota Real Estate Journal - Online
With the help of CBRE‘s Minneapolis office, an affiliate of national investor CAPREIT recently purchased its fourth multi-family property in the Minneapolis/St. Paul area. The company purchased the Classic at the Preserve in Woodbury, Minn. The prope
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January 17, 2013 - Davlyn Investments completes $240 million in Investment activity in 2012
Outlet: Released
Davlyn Investments completed more than $240 million in investment activity in 2012.
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January 17, 2013 - Henderson buys and sells across Europe
Outlet: PropertyEU - Online
Henderson Global Investors chalked up over 50 property deals across Europe in 2012.
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January 16, 2013 - CBRE negotiates $66 million acquisition of Tempe gateway officer tower
Outlet: AZRE: Arizona Commercial Real Estate - Online
CBRE negotiated the $66 million acquisition of Tempe Gateway, an 8-story, class A multi-tenant office building at 222 S. Mill Ave. in Tempe, Ariz.
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January 16, 2013 - Boyer Company purchases Quester office building from Starwood Capital
Outlet: Yahoo! Finance
Cushman & Wakefield | Commerce today announced the sale of the former Quester Office Building located in downtown Salt Lake City at 200 East 100 South. The 238,000 square foot building and the 4.88 acres upon which it resides was purchased by the Boy
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January 16, 2013 - Hines JV bags Raytheon Campus
Outlet: GlobeSt.com
Hines and a subsidiary of a real estate fund managed by Oaktree Capital Management have acquired the Raytheon Campus.
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January 16, 2013 - Lennar plans $1 billion of multifamily properties
Outlet: Bloomberg Businessweek - Online
Lennar Corp. has plans to diversify into apartments with the construction of $1 billion of multifamily properties as rental demand climbs.
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January 16, 2013 - CBREGI fund buys German warehouse for €38 million
Outlet: PropertyEU - Online
CBRE Global Investors has closed the acquisition of a retail warehouse scheme in Erding, near Munich, for its Pan European Core Fund (PEC) fund.
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January 15, 2013 - Aimco begins $140 million redevelopment
Outlet: Rentv.com
Denver-based Aimco has kicked off work on a $140 million redevelopment of Lincoln Place apartments in Venice, Calif. The redevelopment is being funded by a $190.7 million FHA insured loan from lender and servicer Red Mortgage Capital.
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January 15, 2013 - Barker Pacific Group and Artemis Fund I purchases Norco Self-Storage Property
Outlet: Rentv.com
A joint venture of Barker Pacific Group and Artemis Real Estate Partners Fund has acquired Global Self Storage in the Inland Empire city of Norco, and will re-launch the facility under its Storage Solutions brand
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January 15, 2013 - CBRE closes $24 million apartment complex sale in Kansas
Outlet: Minnesota Real Estate Journal - Online
CBRE Group ha closed the sale of the Park Edge Apartments in Lenexa, Kansas.
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January 15, 2013 - In New York, Brookfield paves way for office towers
Outlet: The Wall Street Journal
In the office market, demand has been sluggish in cities around the United States. But that's not stopping developers. The latest example, Brookfield Office Properties held a groundbreaking ceremony in Manhattan for a giant platform to be built over rail tracks on its 5-acre site on the far West Side.
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January 15, 2013 - American Realty to acquire Chelsea-based office building from Atlas Capital and GreenOak Real Estate
Outlet: PR Newswire - Online
American Realty Capital New York Recovery REIT has entered into a purchase and sale agreement to acquire the fee simple interest in an institutional-quality office building located in the Chelsea neighborhood of Manhattan from a joint venture between
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January 15, 2013 - City Council OKs Century Plaza hotel project
Outlet: Westwood-Century City Patch
The Los Angeles City Council on Tuesday gave the green light for a $2 billion Century City redevelopment project with the Century Plaza hotel as the cornerstone.
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January 15, 2013 - Choice Hotels adds 46 new properties
Outlet: Hotel News Resource
Lodging Choice Hotels International has added 46 hotels to its family of brands. Under an agreement reached with affiliates of Colony Capital, including Colony Financial and hospitality management company Aimbridge Hospitality, the properties will be franchised under the Quality Inn, Comfort Inn and Econo Lodge brands.
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January 15, 2013 - S. Korean investors nab Weatherford's Houston HQ
Outlet: Law360
A Principal Financial Group unit has closed on a 335,000-square-foot Houston office building that serves as the headquarters of oil and gas services company Weatherford International Ltd. on behalf of South Korean investors led by CORE Real Estate.
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January 15, 2013 - Kimco Acquires Partner’s interest in Santee Trolley Square in San Diego
Outlet: Business Wire - Canada - Online
Kimco Realty Corp. has added Santee Trolley Square in suburban San Diego to its consolidated portfolio. The company acquired its institutional partner’s 50 percent ownership interest based on a gross purchase price of $98 million.
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January 15, 2013 - Ivanhoé Cambridge starts construction on largest real estate project of the past five years in Chicago
Outlet: PR Newswire - Online
Ivanhoé Cambridge and co-investor and developer Hines have started of construction of River Point, a development including a 45-story office tower and a 1.5-acre public park in downtown Chicago's West Loop. The project is being developed with land partner Larry Levy.
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January 15, 2013 - Corpus Sireo sells office building in Frankfurt to Schroder Property
Outlet: Press Release
Schroder Property KAG has acquired an office building in the Bockenheim district of Frankfurt from Corpus Sireo.
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January 15, 2013 - Principal Real Estate Investors acquires St. James Place in Houston
Outlet: Business Wire - Canada - Online
Principal Real Estate Investors has acquired St. James Place, a 335,000 square foot office building in Houston. The selling group was led by CORE Real Estate.
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January 14, 2013 - Transwestern sells FAA Great Lakes regional headquarters in Chicago
Outlet: Press Release
Transwestern’s Chicago office has brokered the sale of 2300 East Devon in Des Plaines, Ill., on behalf of O’Hare Lake Office Park. The 239,331-square-foot, four-story office building was purchased by Saban Capital for $39 million.
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January 14, 2013 - Wells confirms acquisition of 64 & 66 Perimeter Center East in Atlanta
Outlet: Citybizlist - Altanta Real Estate
Wells Core Office Income REIT has acquired 64 and 66 Perimeter Center East, a two-building office and data center property in Atlanta, Ga., from Rubenstein Partners.
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January 14, 2013 - Hines/Oaktree venture acquires Raytheon campus in Fullerton, Calif.
Outlet: Press Release
Hines along with a subsidiary of a real estate fund managed by Oaktree Capital Management has acquired the Raytheon Campus in Fullerton, Calif., at the end of 2012, from an undisclosed seller.
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January 14, 2013 - Hyatt Regency Riverfront Jacksonville up for auction, again
Outlet: Florida Business Journal
The Hyatt Regency Riverfront Jacksonville is up for foreclosure sale.
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January 14, 2013 - Agree Realty continues to expand
Outlet: Yahoo! Finance Singapore
Agree Realty Corp. has acquired four Applebee’s International’s restaurants along with one store of Advance Auto Parts in late December 2012. The average purchase price was approximately $10.1 million.
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January 14, 2013 - Northwood Investors expands Florida Keys portfolio with investment in three hotels
Outlet: WAVE-TV - Online
Northwood Investors has recapitalized a collection of hotel properties in the Florida Keys in partnership with the original developer, Pritam Singh. The portfolio includes the Parrot Key Resort, Tranquility Bay Beach House Resort and a hotel develop
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January 14, 2013 - USS acquires 10 Fetter Lane in the heart of Midtown
Outlet: Press Release
Universities Superannuation Scheme has purchase of 10 Fetter Lane, London EC4, from clients of Cordea Savills.
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January 14, 2013 - Rockspring and Générale Continentale Investissements acquire prime Paris office
Outlet: Press Release
Rockspring Property Investment Managers and Générale Continentale Investissements have formed a new joint venture, which has acquired a prime, central Paris office complex located at 5-7-9 rue Jacques Bingen from insurance company AG2R La Mondiale.
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January 14, 2013 - CBRE Global buys two acquisitions for £19.7 million
Outlet: Press Release
CBRE Global Investors has completed the two acquisitions in southern England for a total of £19.7 million.
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January 14, 2013 - Kentucky's Chase tower sells for $11. 9 million
Outlet: RealEstateBusinessOnline
The 14-story, 240,000-square-foot Chase Tower office building has sold for $11.9 million in Lexington. Lake Worth, Fla.-based In-Rel Properties acquired the property.
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January 14, 2013 - Inland buys Newington Fair for $17.2 million
Outlet: RealEstateBusinessOnline
Inland Real Estate Acquisitions has acquired Newington Fair, a 186,205-square-foot shopping center in Newington for $17.2 million.
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January 14, 2013 - Mac Realty advisors raises $40 million for Glover Park in D.C.
Outlet: RealEstateBusinessOnline
MAC Realty Advisors has placed $11 million in equity for acquisition and development of 2251 Wisconsin Ave., an existing commercial building in the Glover Park neighborhood of Washington, D.C., on behalf of Altus Realty Partners.
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January 14, 2013 - PREIT sells Harrisburg retail complex
Outlet: philly.com
Pennsylvania Real Estate Investment Trust (PREIT) has completed the sale of Paxton Towne Centre in Harrisburg for $76.8 million.
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January 13, 2013 - COPT to develop Ashburn data centre site
Outlet: Datacentres.com
Corporate Office Properties Trust is planning to develop a multimillion-dollar data centre off Gloucester Parkway in Loudoun County, where it has signed Amazon as its anchor tenant.
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January 13, 2013 - Garrison buys nine retail centers in Ohio
Outlet: National Real Estate Investor - Online
Kimco Realty Corp. has sold a portfolio of nine retail centers, totaling 1.4 million square feet., to Garrison Investment Group for an undisclosed price.
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January 13, 2013 - Platinum Healthcare sold six-property skilled nursing portfolio for $48.5 million
Outlet: Senior Housing News
Platinum Healthcare recently sold a six-property skilled nursing portfolio for $48.5 million in a transaction handled by Senior Living Investment Brokerage. The 882-bed portfolio had been owned and operated by a Midwest operator of long-term care pro
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January 13, 2013 - IBRC sells €176 million office block in London
Outlet: Irish Independent - Online
IBRC has purchased 1-19 Victoria Street in London for £180.5 million.
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January 12, 2013 - Forest City completes sells two assets
Outlet: pr-usa.net - Online
Forest City Enterprises has completed the disposition of two assets in non-core markets, located in Florida and California, for $163.6 million.
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January 12, 2013 - Rockville’s housing agency buys Fireside Park for $36 million
Outlet: Gazette - Online, The
Rockville’s housing agency completed the acquisition of Fireside Park, a 236-unit garden apartment complex, for $36 million, according to Transwestern, which represented the seller, Hampshire Properties of New York.
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January 12, 2013 - Omninet Capital buys first Austin office tower
Outlet: Austin Business Journal - Online
Omninet Capital of Beverly Hills, Calif., made its first Austin acquisition with the purchase of Twin Towers. The price was not disclosed. The seller was Twin Towers.
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January 11, 2013 - Boutique Midtown office trades for $128 million
Outlet: GlobeSt.com
CBRE Group has completed the $128-million sale of 551 Madison Ave., a 150,000-square-foot office property, to Cornerstone Properties.
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January 11, 2013 - TIAA-CREF trades Air Rights Center to MRP/Rockpoint JV
Outlet: Washington Business Journal
Rockpoint and MRP Realty has closed their acquisition of Air Rights Center in Bethesda for an undisclosed price. The seller was TIAA-CREF.
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January 11, 2013 - Jones Lang LaSalle appointed as international sales agent on iconic Battersea Power Station
Outlet: Press Release
Jones Lang LaSalle has been appointed as international sales agent on the iconic Battersea Power Station in London.
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January 11, 2013 - Union Investment sells office property in Seattle
Outlet: Press Release
Union Investment has sold the office and commercial property Fifth & Pine in Seattle, owned by its open-ended real estate fund UniImmo: Global, to U.S. investor Invesco Advisors. The sale price of around $70.6 million
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January 11, 2013 - Hines purchases land in Pasadena, Calif., for multifamily development
Outlet: Press Release
Hines has closed on a 3.5-acre land parcel in Pasadena, CA, for the development of a new class A for-rent residential complex. The development will include 212 residences in a four-story building above two parking levels.
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January 11, 2013 - Phillipsburg Mall sold
Outlet: Morning Call - Online
Pennsylvania Real Estate Investment Trust has sold Phillipsburg Mall for $11.5 million.
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January 11, 2013 - Equity Residential affiliate sells Fort Lauderdale, Fla., apartments
Outlet: Commercial Real Estate Direct
An Equity Residential affiliate has sold the Port Royale apartment complex in Fort Lauderdale, Fla., for $117.35 million.
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January 11, 2013 - RREEF Real Estate selects CBRE to market industrial portfolio
Outlet: Press Release (pr) Distribution Service By India Prwire
CBRE has been exclusively retained by RREEF Real Estate to market the Coppell Commerce and Business Center Portfolio consisting of approximately 771,720 square feet of industrial space in six class A, state-of-the-art industrial facilities. The portf
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January 11, 2013 - Cross Harbor sells The Strand apartment complex for $28.5 million
Outlet: Press Release
Cross Harbor Capital Partners has sold The Strand, a 275-unit luxury high-rise multihousing community located in downtown West Palm Beach in Palm Beach County.
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January 11, 2013 - Emerald Palms apartment complex sells for $70 million
Outlet: Press Release
Forest City Residential Group has sold Emerald Palms, a 505-unit luxury garden apartment community located in southern Miami-Dade County, Fla., for $70.5 million
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January 11, 2013 - Luxe Stoneleigh Hotel in Uptown to join Starwood Hotels
Outlet: The Dallas Morning News
HEI Hotels & Resorts has purchased the Luxe Stoneleigh Hotel & Spa in Uptown and plans to convert it next month to a Le Méridien, part of Starwood Hotels & Resorts. The purchase price in the deal was not disclosed.
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January 11, 2013 - Thales HQ sold in £80 million deal
Outlet: South West Business Insider - Online
Legal & General Property has acquired Thales' U.K. headquarters, the Sapphire Campus, in Crawley for £80 million.
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January 11, 2013 - Pier House Resort up for sale
Outlet: Florida Keys Keynoter - Online
Pier House Joint Venture, based in Westlake, Ohio, has hired global investment banking firm Eastdil Secured to sell Pier House Resort and Caribbean Spa, located in Key West, Fla.
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January 11, 2013 - Financial District office building sells to Urdang
Outlet: Banker & Tradesman - Online
A 64,357-square-foot jewel box office building in Boston's Financial District recently sold to Urdang. The purchase price was $17.56 million.
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January 11, 2013 - City trophy to hit the market for £140 million
Outlet: CoStar UK News
A German closed-ended fund manager is to bring the City's first major trophy asset of the year to market with a price tag of £140m, according to CoStar News.
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January 11, 2013 - Helios Europe strengthens German link with further pre-lets
Outlet: Europe Real Estate
Logistics property investor and developer Helios Europe has let a further 21,030 square meters at its €250 million Link Logistics Parks in Germany.
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January 11, 2013 - NEINVER and MAB plan to open an outlet center in The Netherlands
Outlet: Europe Real Estate
MAB Development and NEINVER are developing and operating the new outlet center in Amsterdam metropolitan region under the ‘The Style outlets’ brand.
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January 11, 2013 - Brickyard Shopping Center sold
Outlet: Salt Lake Tribune - Online, The
The Yacoel Partners of Newport, Calif. purchased Brickyard Shopping Center, a 305,000 square-foot retail property, located in the heart of the east side of Salt Lake Valley, from The Boyer Co.
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January 10, 2013 - Cerberus Capital buys 877 supermarkets in $3.3 billion deal
Outlet: Reuters - Online
Supervalu has struck a $3.3 billion deal to reduce its burdensome debt by selling five of its supermarket chains to an investor group led by Cerberus Capital Management.
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January 10, 2013 - Kennedy-Wilson said to acquire buildings for $100 million
Outlet: Bloomberg News - Online
Kennedy-Wilson Holdings has agreed to buy 29 office and industrial buildings in the United Kingdom for about $100 million, according to a person with knowledge of the talks.
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January 10, 2013 - Kimco Realty gets involved in Supervalu deal
Outlet: Benzinga
Kimco Realty Corp. has announced that it is a participant in Supervalu deal through its investment in a consortium led by Cerberus Capital Management.
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January 10, 2013 - Chatham Lodging acquires downtown Hampton Inn for $28 million
Outlet: Business Wire
Chatham Lodging Trust has acquired the recently opened Hampton Inn Portland Downtown – Waterfront Hotel in Portland, Maine for $28 million. The seller was not disclosed.
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January 10, 2013 - Cushman & Wakefield sell two North Texas retail properties
Outlet: Dallas Business Journal - Online
Independence Plaza Center has bought Independence Plaza Shopping Center from Weingarten Realty Investors.
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January 10, 2013 - Union Investment acquires residential property in Berlin from TAG Immobilien AG
Outlet: Press Release
Union Investment Institutional Property GmbH has acquired three apartment blocks located in Berlin and comprising 1,384 units for a total purchase price of €87 million.
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January 10, 2013 - Steadfast Pays $40.5 million for Ohio-based apartments
Outlet: Commercial Real Estate Direct
Steadfast Income REIT has agreed to pay $40.5 million or the Hilliard Grand, a 314-unit apartment property in Dublin, Ohio.
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January 10, 2013 - New Canaan apartment complex sells for $8.4 million
Outlet: Commercial Record - Online
M2 Partners has purchased a four-building, 34-unit apartment complex in downtown New Canaan, Conn., from New Canaan Apartments.
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January 10, 2013 - Digital Realty expands in Australia
Outlet: Zacks.com
In order to expand its Australian footprints, Digital Realty Trust recently acquired an established data center in Macquarie Park, New South Wales for A$11.75 million.
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January 10, 2013 - DekaBank finances the acquisition of two German logistics properties
Outlet: Press Release
DekaBank Deutsche Girozentrale has financed the acquisition of two German logistics properties for a fund owned by a joint venture between Goodman Group and Chambers Street Properties.
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January 9, 2013 - M&G acquires residential development near Olympic Park for £125 million
Outlet: Press Release
M&G Investments has agreed to acquire a portfolio of 401 market rented units at Stratford Halo, a 43-floor residential development at the main entrance to the Olympic Park in East London.
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January 9, 2013 - Welpic announces its intention to float on aim targetting an issue size in excess of £100 million
Outlet: Press Release
West End of London Property Investment Co. (WELPIC) has plans to raise in excess of £100 million and seek admission of its
shares to trading on the AIM market operated by the London Stock Exchange.
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January 8, 2013 - LaSalle announces $56 million commitment to Quincy Center project
Outlet: Wicked Local
LaSalle Investment Management has committed about $56 million for Merchants Row, an office, retail and residential construction project on the 1400 block of Hancock Street. The $56 million allows Quincy Center master developer Beal/Street-Works to be
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January 8, 2013 - Mixed-use D4 investment makes €22.5 million
Outlet: Irish Times - Online, The
Two German businessmen have bought an office and retail investment in Dublin city centre for €22.5 million – €15 million less than the asking price.
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January 8, 2013 - Fortress finds bargain in non-office assets and debt in Japan
Outlet: Bloomberg News - Online
Fortress Investment Group, which raised $1.65 billion last month for its second Japan fund, plans to buy real estate debt backed by rental apartments, retail space and business hotels in the nation’s metropolitan areas.
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January 8, 2013 - Norway unveils $10 billion Arctic gas projects
Outlet: Financial Post - Online
Statoil unveiled plans to develop $10-billion worth of projects in the Arctic to extract and transport offshore natural gas.
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January 8, 2013 - TGM Associates Acquires A Large Multifamily Property In Aurora, Ill.
Outlet: Individual.com
TGM Associates has acquired TGM Springbrook a two and three-story garden-style apartment community located in Aurora, IL. The seller was AIMCO.
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January 8, 2013 - Cornerstone Heights in San Diego sells for $14.1 million
Outlet: RealEstateBusinessOnline
Cornerstone Heights Corporate Center in San Diego has sold to a joint venture between Lincoln Property Co. and Artemis Real Estate Partners for $14.1 million
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January 8, 2013 - Four Texas self-storage properties sell for $32.6 million
Outlet: RealEstateBusinessOnline
Marcus & Millichap has arranged the $32.6 million portfolio sale of four self-storage facilities located in Odessa and Midland.
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January 8, 2013 - Digital Realty acquires operating data centre in Sydney
Outlet: Data Chain, The
Digital Realty Trust has completed the acquisition of 23-25 Waterloo Road, Macquarie Park, a 7,500 square-meter data centre in Sydney, Australia.
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January 7, 2013 - Alexandria Real Estate Equities announces 15-year lease with ARIAD Pharmaceuticals
Outlet: Press Release
Alexandria Real Estate Equities has announced that ARIAD Pharmaceuticals will establish its corporate and research and development headquarters at the Alexandria Center at Kendall Square in Cambridge, Mass..
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January 7, 2013 - GTIS Partners and Harvard Investments acquire 563 Acres of residential and commercial land in Arizona
Outlet: Business Wire - Online
GTIS Partners has purchased a 563-acre parcel of land in the Phoenix, Arizona, submarket of Mesa. The City of Mesa land, part of the former General Motors Desert Proving Grounds, was acquired from a private investor.
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January 7, 2013 - St. Modwen Properties and VINCI PLC sign contract for regeneration of new Covent Garden Market
Outlet: Press Release
St. Modwen Properties and its joint venture partner VINCI PLC have signed a contract with the Covent Garden Market Authority to be the development partner for the New Covent Garden Market site in Central London.
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January 7, 2013 - Tamar European Industrial fund sells assets in Norway and France
Outlet: Press Release
Tamar European Industrial Fund has sold an asset in Norway and one in France for a combined consideration of £2.8 million.
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January 7, 2013 - AXA Real Estate launches U.K. Long Lease Property Fund
Outlet: Press Release
AXA Real Estate Investment Managers has launched the U.K. Long Lease Property Fund, which aims to offer U.K. institutional investors, pension schemes and investment consultants a new property-based, liability matching solution with long and secure in
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January 7, 2013 - Hansteen in Germany agree more than €40 million investments deals and a pre-let
Outlet: Press Release
Hansteen has carried out a series of significant investment and leasing transactions in Germany, proving its expertise at asset recycling and asset management. In the biggest transaction, just completed, Hansteen has acquired the German assets of the
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January 7, 2013 - Valad Europe completes £37 million refinancing of University Capital Trust
Outlet: Press Release
Valad Europe has completed a £37 million refinancing of the University Capital Trust with Lloyds Banking Group.
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January 7, 2013 - IVG reorganizes branch network in Europe
Outlet: Press Release
As part of its repositioning as an integrated investment and asset manager, IVG is reorganizing its operations in its domestic
market of Germany and in the rest of Europe.
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January 7, 2013 - SWIP buys prime retial unit in Kingston-Upton-Thames
Outlet: Press Release
Scottish Widows Investment Partnership (SWIP) has purchased 4, 6 and 6a Clarence Street, 2 Wood Street and 29 Church Street in Kingston-upon-Thames, on behalf of the Clerical Medical Managed Funds Limited for £10.83 million.
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January 7, 2013 - Equity Residential to sell $1.5 billion in assets
Outlet: Press Release
Equity Residential has agreed to sell a portfolio of assets to a joint venture of Goldman, Sachs & Co. and Greystar Real Estate Partners for $1.5 billion.
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January 7, 2013 - Jackson Square buys two apartment communities
Outlet: GlobeSt.com
Jackson Square Properties has purchased two apartment complexes for $77 million.
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January 6, 2013 - Patron Capital sells Olympic Park hotels for £58 million
Outlet: Property Week - Online
Patron Capital has sold its two flagship hotels at Westfield Stratford City and the Olympic Park for £58 million.
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January 6, 2013 - CBRE buys £20 million of London assets
Outlet: Press Release
CBRE Global Investors has bought two central London properties for £20 million.
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January 6, 2013 - Wereldhave sells entire U.S. portfolio
Outlet: Press Release
Lone Star Funds and Wereldhave have reached agreement on the purchase and sale of Wereldhave's portfolio in the United States. The purchase price amounts to $720 million.
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January 6, 2013 - Irvine investor acquires Long Beach apartments for $46 million
Outlet: Los Angeles Times - Online
Irvine developer Western National Realty Advisors bought a 206-unit apartment complex in Long Beach for $46 million.
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January 4, 2013 - Naftali Group pays $37 million for Chelsea building
Outlet: Crain's New York Business
Naftali Group has acquired 245-259 W. 25th St., located in Chelsea, N.Y., for $37 million.
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January 4, 2013 - Mesirow Financial pays $66.3 million for Avalon at Aberdeen Station
Outlet: CoStar Group
Mesirow Financial has acquired the 290-unit Avalon at Aberdeen Station multifamily community located at 1000 Central Ave. in Matawan, N.J., from AvalonBay Communities.
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January 4, 2013 - Extra Space pays $36.6 million for self-storage portfolio
Outlet: CoStar Group
Extra Space Storage has purchased a five-property portfolio for $36.6 million.
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January 4, 2013 - Mesa West Capital funds $47 million in debt on two Denver commercial real estate assets
Outlet: PRLog
In separate financings, Mesa West Capital has funded two first mortgage loans totaling $47.3 million secured by a commercial office building and multifamily community in the Denver.
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January 4, 2013 - Kennedy buys three Los Angeles-based office buildings for $78.5 million
Outlet: Zacks.com
Kennedy-Wilson Holdings has purchased three Los Angeles-based office buildings. The total purchase price of the deal was $78.5 million.
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January 4, 2013 - Inland Diversified announces $296.3 million JV acquisition
Outlet: Fort Mill Times - Online
Inland Diversified Real Estate Trust has announced today the acquisition of a majority interest in the Territory Portfolio, six grocery- or home improvement-anchored retail properties located in Las Vegas.
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January 4, 2013 - Merrifield Patrick Vermillion sells Honeywell building in Fort Mill for $10 million
Outlet: Mecklenburg Times - Online, The
The Honeywell Scanning and Mobile Productivity headquarters building at 9680 Old Bailes Road in Fort Mill, S.C., has a new owner, according to CBRE.
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January 4, 2013 - LaSalle acquires majority interest in Liberty Hotel in Boston
Outlet: Enhanced Online News
LaSalle Hotel has acquired a majority interest in the Liberty Hotel in Boston for $170 million.
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January 4, 2013 - AMLI buys Woodland Hills Apartments for $100 million
Outlet: GlobeSt.com
AMLI Residential has bought an apartment complex located in Woodland Hills, Calif., for approximately $100 million.
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January 4, 2013 - CDL Hospitality Trusts snags Angsana Velavaru as its first resort
Outlet: Travel Trade Gazette Asia (TTG Asia)
CDL Hospitality Trusts has entered into an agreement with Banyan Tree Holdings to acquire Angsana Velavaru in the Maldives for $71 million.
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January 3, 2013 - Landmark One West Fourth building in Winston-Salem sold for $61 million
Outlet: Winston-Salem Journal
One of downtown Winston-Salem's signature buildings, One West Fourth Street, has been bought by a Connecticut private-equity group for $61.25 million.
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January 3, 2013 - Dermot sells 14-building portfolio for $190.5 million
Outlet: Commercial Observer
Dermot Property Associates has sold a portfolio of 14 buildings in Manhattan, the Bronx and Queens for $190.5 million.
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January 3, 2013 - Brookfield, Pershing Square call truce in GGP battle
Outlet: Thompson Citizen - Online
Brookfield Asset Management and Pershing Square have signed a four-year truce in their dispute over General Growth Properties (NYSE:GGP), owner-operator of regional shopping malls in 41 states.
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January 3, 2013 - Crimson Real Estate Fund and USAA Real Estate Co. announce build-to-suit for TGS
Outlet: PR Newswire - Online
Crimson Real Estate Fund , and its co-investment partner, USAA Real Estate Co., have acquired eight acres of land in west Houston to build a new headquarters for TGS-Nopec Geophysical Co.
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January 3, 2013 - Inland Real Estate Corp. announces acquisition of Valparaiso Walk Shopping Center
Outlet: Business Wire
Inland Real Estate Corp. has acquired for its consolidated portfolio Valparaiso Walk, a 137,509-square-foot power center in northwestern Indiana for approximately $21.9 million.
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January 3, 2013 - Kirkland units sold for $72.2 million
Outlet: Seattle Daily Journal of Commerce - Online
The Guardian Life Insurance Co. of America bought the Avalon Juanita Village apartments for $72.2 million.
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January 3, 2013 - Colonial Properties Trust exits office portfolio
Outlet: Benzinga
Colonial Properties Trust (NYSE: CLP) has sold its remaining 10 percent ownership interest in the Bluerock office portfolio.
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January 2, 2013 - Summit Hotel Properties announces acquisition of three hotels
Outlet: TravelPulse
Summit Hotel Properties announced the closing of three hotel acquisitions -- the 178-room Residence Inn by Marriott in Salt Lake City, Utah, for $20 million; the 122-room Hyatt Place in Garden City, N.Y., for $31 million; and the 138-room Hampton Inn
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January 2, 2013 - Parkway Properties Buys Tempe Gateway for $66.1 million
Outlet: Benzinga
Parkway Properties (NYSE: PKY) has purchased Tempe Gateway, a 264,000 square foot office tower located in the Tempe submarket of Phoenix, Ariz., for a purchase price of $66.1 million.
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January 2, 2013 - Rouse Properties closes on $96 million purchase of Mall at Turtle Creek
Outlet: Arkansas Business - Online
Rouse Properties has closed on its $96.3 million acquisition of the Mall at Turtle Creek. The deal includes an adjacent shopping center, Turtle Creek Crossing. Rouse purchased the two properties from a private partnership led by David Hocker.
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January 2, 2013 - L3 Capital closes on $13 million retail deal in Chicago’s Southport corridor
Outlet: Minnesota Real Estate Journal - Online
L3 Capital has purchased four properties for $13 million on Southport Avenue in Chicago’s Lakeview neighborhood.
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January 2, 2013 - Sterling Bay Companies completes acquisition of 111 N. Canal St.
Outlet: Minnesota Real Estate Journal - Online
Sterling Bay Cos. has completed the acquisition of 111 N. Canal St., an 860,000-square-foot office building in Chicago’s West Loop, known to the market as River Center.
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January 2, 2013 - Federal Realty acquires East Bay Bridge Shopping Center
Outlet: PR Newswire - Online
Federal Realty Investment Trust (NYSE: FRT) has acquired East Bay Bridge shopping center, a 438,000 square foot, grocery-anchored power center spanning two municipalities, Emeryville and Oakland, California. The Trust paid cash consideration of $53.
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January 2, 2013 - HFF arranges $296 million in financing for a multi-property class A office portfolio
Outlet: Business Wire - Canada - Online
Holliday Fenoglio Fowler (HFF) has arranged $296 million in financing for a 10-property, Class A office portfolio totaling 1.6 million square feet in San Francisco, Washington, D.C., Charlotte, Houston and Boston. HFF worked on behalf of Clarion Part
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January 2, 2013 - HFF arranges pre-sale of SoNo East in Chicago
Outlet: Business Wire
Holliday Fenoglio Fowler (HFF) has announced that it represented Furniture in the sale of SoNo East, a luxury 22-story multi-housing tower with ground-floor retail.
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January 2, 2013 - HFF arranges financing totaling $607 million for 24 properties in nine states
Outlet: Individual.com
Holliday Fenoglio Fowler (HFF) has arranged financing totaling $607 million for 24 properties totaling more than five million square feet and 3,499 units in nine states. HFF worked on behalf of a pension fund advised by Invesco, RREEF Real
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January 2, 2013 - ARC NY REIT Pays $13.3 million for Brooklyn office building
Outlet: CoStar Group
American Realty Capital NY Recovery REIT has acquired the office building at 1623-1627 Kings Hwy in Brooklyn, New York CIty, from RCG Longview Debt Fund IV Partners for $13.25 million.
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January 2, 2013 - Summit Hotel Properties pays $71 million for three hotels
Outlet: Business Wire - Online
Summit Hotel Properties has completed three separate hotel acquisitions for a total of $71.8 million.
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January 2, 2013 - Charlotte apartment complex is sold
Outlet: Charlotte Observer - Online
Heatherwood Apartment Homes has been acquired by Elco Landmark Residential. The acquisition of Heatherwood is part of a larger transaction in which Elco Landmark Residential acquired a multifamily portfolio of four properties from Alabama-based Colon
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January 1, 2013 - Hermes buys £40 million Birmingham block
Outlet: Property Week - Online
Hermes Real Estate Investment Management has completed a deal to buy the landmark Birmingham building Baskerville House.
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December 31, 2012 - Kite Realty acquires two Woodruff Road shopping centers
Outlet: GSA Business - Online
Kite Realty Group Trust has acquired two Greenville shopping centers for a combined $37.9 million.
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December 28, 2012 - Pebblebrook JV secures $410 million loan
Outlet: GlobeSt.com
Pebblebrook Hotel Trust and its JV partner Denihan Hospitality Group, have secured a $410 million loan.
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December 27, 2012 - Whitestone REIT acquires The Shops at Pecos Ranch in a short sale for $19 million
Outlet: Business Wire
Whitestone REIT (NYSE: WSR) has closed on the off-market purchase of The Shops at Pecos Ranch, a 78,767 square-foot 100 percent leased Community Center in Chandler, Ariz., for $18.95 million in an all-cash transaction.
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December 27, 2012 - Ashford Hospitality Trust completes $112.6 million financing on Renaissance Nashville and Westin Princeton
Outlet: PRNewsire
Ashford Hospitality Trust, along with its joint venture partner, has closed a $112.6 million loan secured by the Renaissance Hotel in Nashville, Tenn., and the Westin Hotel in Princeton, N.J.
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December 27, 2012 - Cornerstone Heights Corporate Center fetches $14 million
Outlet: GlobeSt.com
A joint venture between Dallas-based Lincoln Property Co. and Maryland-based Artemis Real Estate Partners has paid $14.1 million to acquire Cornerstone Heights Corporate Center.
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December 27, 2012 - Clifton medical office trades for $11 million
Outlet: GlobeSt.com
Duke Realty Corp.'s investment affiliate, Dr Clifton MOB LLC, has paid $10.6 million to buy a medical office building located in Clifton.
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December 27, 2012 - W. P. Carey completes €34.6 million sale-leaseback financing with Agrokor
Outlet: Press Release
W. P. Carey has announced that CPA:17 – Global, one of its publicly held non-traded REIT affiliates, has acquired a portfolio of eight retail stores in Croatia.
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December 26, 2012 - CBRE arranges $47.3 million in refinancing for Chandler apartment complex
Outlet: AZRE: Arizona Commercial Real Estate - Online
CBRE’s Phoenix office has arranged a $47.3 million loan on behalf of The Premiere Residential for the refinancing of San Cervantes apartments in Chandler, Ariz.
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December 24, 2012 - L.A. investor buys Health Net building
Outlet: Big News Network
Cushman & Wakefield represented buyer and seller in the $23 million sale of a 145,869-square-foot building at 11971 Foundation Place in Rancho Cordova.
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December 24, 2012 - KBS REIT III to buy Irving Office Property for $46.3 million
Outlet: CoStar Group
KBS Real Estate Investment Trust III has purchased The Tower on Lake Carolyn, a 364,366-square-foot office building in Irving, Texas, for approximately $46.3 million.
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December 24, 2012 - Duke affiliate acquires medical office in Clifton for $11 million
Outlet: Toronto Telegraph
An investment affiliate of Duke Realty Corp. has purchased a 19-year-old medical office building in Clifton for $10.6 million.
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December 24, 2012 - Synergy Investments pays $52 million for Two Oliver St.
Outlet: Boston Business Journal - Online
Synergy Investment & Development has bought Two Oliver St., an 11-story office building in the city’s Financial District.
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December 24, 2012 - EastGroup buys five Valwood Distribution Center warehouses
Outlet: Dallas Business Journal - Online
EastGroup Properties has bought five Dallas-area warehouses for $41.55 million.
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December 21, 2012 - EastGroup Properties acquires industrial portfolio
Outlet: DailyMarkets.com
EastGroup Properties has announced the acquisition of five multi-tenant warehouse/distribution buildings totaling 722,000 square feet in Dallas, Texas.
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December 21, 2012 - Kite Realty Group acquires two shopping centers for $28.8 million
Outlet: WPVI-TV - Online (press release)
Kite Realty Group Trust has acquired two shopping centers in Greenville, South Carolina. Shops at Plaza Green is a 194,000 square foot center.
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December 21, 2012 - Retrocom REIT completes property portfolio acquisition
Outlet: Building - Online
Retrocom Mid-Market Real Estate Investment Trust has completed the acquisition of three investment properties from Calloway REIT.
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December 21, 2012 - SEB Asset Management sells office property in the City of London
Outlet: Press Release
SEB Asset Management sold One Threadneedle Street after a successful repositioning and the signing of a long-term lease.
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December 21, 2012 - Nearly 400 multifamily units sold in Lancaster County for $28.2 million
Outlet: Central Penn Business Journal - Online
A portfolio of three multifamily properties in Lancaster County, totaling 387 units, recently sold for $28.2 million, according to California-based Marcus & Millichap Real Estate Investment Services, the firm who arranged the sale.
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December 20, 2012 - Cornerstone Real Estate Advisers picks up 115 Moonachie Ave. in the Meadowlands
Outlet: National Real Estate Investor - Online
Cornerstone Real Estate Advisers has acquired 115 Moonachie Ave. in Moonachie, N.J. from Russo Development.
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December 20, 2012 - Monmouth invests $28 million in another Olive Branch facility
Outlet: NewsOK.com (Oklahoman) - Online
Monmouth Real Estate Investment Corp. has purchased the Milwaukee Electric Tool Corp. building in Olive Branch.
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December 20, 2012 - LGP acquires West Tower
Outlet: Press Release
Legal & General Property (LGP) has acquired the West Tower, 6 Greenwich View Place, in the Docklands for a total consideration in excess of £40 million.
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December 20, 2012 - UNITE secures £20 million redevelopment scheme in Bristol
Outlet: Press Release
UNITE, the U.K.-based developer and manager of student accommodation,has secured planning consent for a 442 bedroom student home on Trenchard Street in Bristol.
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December 20, 2012 - Cole Pays $128 million for four office and distribution facilities
Outlet: Commercial Real Estate Direct
Cole Corporate Income Trust has paid $128 million for four office and distribution facilities.
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December 20, 2012 - CapLease purchases fully leased office building in Energy Corridor
Outlet: Houston Business Journal
A subsidiary of New York-based CapLease (NYSE: LSE) has acquired a 145,114-square-foot class A office building in the Energy Corridor from Principal Real Estate Investors for about $35.5 million.
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December 20, 2012 - Lauderhill Partners acquires United Campus Housing Management
Outlet: Commercial Property Executive - Online
In its first acquisition since entering the hot student housing market, Campus Evolution Villages, a subsidiary of Lauderhill PartnerS, has acquired properties with a total of 1,762 beds for $46.5 million from Gulfstream Capital Partners.
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December 19, 2012 - W.P. Carey enters Texas with $33 million self-storage portfolio buy
Outlet: GlobeSt.com
W.P. Carey has entered West Texas by acquiring a four-property, 2,541-unit self-storage portfolio from a local seller.
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December 19, 2012 - Kilroy Realty to develop premier Silicon Valley office project
Outlet: Registry - Online, The
Kilroy Realty Corp. has acquired a fully entitled, 12-acre land site in Sunnyvale, Calif., where it will develop, own and manage a 587,000-square-foot office complex for LinkedIn Corp.
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December 19, 2012 - UMH Properties buys 14 acres
Outlet: PR Newswire - Online
UMH Properties has acquired Olmsted Falls, a 125-site manufactured home community situated on approximately 14 acres, located in Olmsted Falls, Ohio, for a purchase price of $3.6 million.
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December 19, 2012 - UBS buys aerospace building near Miami airport
Outlet: South Florida Business Journal - Online
UBS has paid $26 million for the industrial building near Miami International Airport that is home to B/E Aerospace.
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December 19, 2012 - W.P. Carey affiliate buys four self-storage properties in Western Texas
Outlet: iStockAnalyst
W.P. Carey has acquired four self storage facilities in western Texas for about $33 million.
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December 18, 2012 - AXA Real Estate completes the sale of office asset in Lisbon
Outlet: Press Release
AXA Real Estate Investment Managers, on behalf of its European Added Value Fund, has sold the freehold interest in a building located at Avenida do Mediterrâneo, Parque das Nações in Lisbon, to a private investor.
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December 18, 2012 - M&G Property buys logistics facility in Sweden
Outlet: Press Release
The M&G European Property Fund has confirmed the SEK 224 million acquisition of a logistics facility from NCC Property Development at the Port of Gothenburg in Sweden.
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December 18, 2012 - Kennedy Wilson and partners acquire two The Ritz-Caltons in Lake Tahoe
Outlet: Press Release
Kennedy Wilson and its partners have acquired The Ritz-Carlton, Lake Tahoe and The Ritz-Carlton Residences, Lake Tahoe from the property’s lenders. Pacific Western Bank provided $45 million of financing.
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December 17, 2012 - NorthMarq Capital arranges $25 million mortgage for Melville Office Center
Outlet: National Real Estate Investor - Online
NorthMarq Capital’s Ernest DesRochers and Charles Cotsalas have arranged first mortgage refinancing of $25 million for Melville Office Center.
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December 17, 2012 - Williamsburg Multifamily Property gets $14.5 million in financing from Berkadia
Outlet: National Real Estate Investor - Online
Berkadia Commercial Mortgage, based in Horsham, Pa., has closed $14.5 million in financing through its bridge loan program for a multifamily property in New York City.
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December 17, 2012 - Cabot expands Columbus portfolio by buying Ceva Logistics warehouse
Outlet: Business FIrst
An affiliate of Boston-based Cabot paid $13.65 million to an affiliate of Boston-based Trident on Dec. 4 for the 509,000-square-foot property located in Columbus.
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December 17, 2012 - Global Growth Trust invests in fifth apartment development
Outlet: WUPV-TV - Online Press Release
Global Growth Trust has formed a joint venture with Hunt Realty Investments and Trinsic Residential Group to develop a $34.9 million class A, garden-style apartment community in Lewisville, Texas, north of Dallas.
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December 17, 2012 - Sabra acquires Michigan senior housing portfolio in sale/leaseback transaction
Outlet: Money News
Sabra Health Care REIT has acquired a nine-facility senior housing portfolio with a total of 322 units located throughout the State of Michigan.
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December 17, 2012 - TerraCap Partners acquires office building in North Ft. Myers, Fla.
Outlet: Individual.com
TerraCap Partners is pleased to announce it has acquired a 10,000 square-foot office building located near the corner of U.S. 41 and Hancock Bridge Parkway in North Fort Myers, Fla.
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December 17, 2012 - MPG sells 3800 Chapman office building
Outlet: Yahoo! Finance Singapore
MPG Office Trust has sold its 3800 Chapman office building in the city of Orange, Calif,, to an unnamed seller
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December 14, 2012 - TMG Partners, Alcion pick up North San Jose office building
Outlet: Silicon Valley/San Jose Business Journal - Online
TMG Partners and equity partner Alcion Ventures have picked up a 153,000-square-foot class A office building in North San Jose from Kaufman Jacobs, according to a news release. The price was not disclosed.
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December 14, 2012 - Atlanta firm buys Forum Shopping Center
Outlet: Business First of Louisville - Online
An Atlanta firm has purchased the bank-owned Forum Shopping Center, a 23-year-old retail complex located a half-mile north of the intersection of North Hurstbourne Parkway and Shelbyville Road.
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December 14, 2012 - Kennedy Wilson adds 217-unit multifamily community in Renton, Wash. to portfolio
Outlet: Boston Globe - Online (press release)
Kennedy Wilson has acquired Harrington Square, a 217-unit multifamily community in Renton, Washington for $41 million.
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December 14, 2012 - Mission Cos. acquires office building from Capital Commercial Investments
Outlet: Houston Business Journal - Online
Capital Commercial Investments has sold a four-story, 195,525-square-foot office building in the Gulf Freeway submarket to Houston-based Mission Companies.
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December 14, 2012 - Kennedy Wilson acquires Harrington Square in Washington for $41 million
Outlet: RTTNews.com
Real estate investment and services firm Kennedy Wilson has acquired Harrington Square, a 217-unit multifamily community in Renton, Washington for $41 million.
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December 14, 2012 - KBS REIT close to buying RBC Plaza, Gaviidae Common II
Outlet: GlobeSt.com
KBS Real Estate Investment Trust (NYSE:KBS), based in Newport Beach, California, is close to a deal to purchase RBC Plaz
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December 14, 2012 - KBS sells 11 buildings for $40 million
Outlet: GlobeSt.com
KBS Realty Advisors sold its Oak Creek Center office portfolio for $39.5 million to a New York-based joint venture..
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December 13, 2012 - PHP acquires Apollo Medical for £10.2 million
Outlet: thebusinessdesk.com - West Midlands
Primary Health Properties has unconditionally agreed to acquire the entire issued share capital of Apollo Medical Partners, an investor in primary care and pharmacy properties with a U.K. wide portfolio.
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December 13, 2012 - Student apartments near USF fetch $49 million
Outlet: Tampa Bay Business Journal
The Sterling North Campus student apartment complex near the University of South Florida has sold for $49 million.
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December 13, 2012 - Health Care REIT sells for Fla. properties for $33 million
Outlet: News Journal Online
Health Care REIT Inc., a national real estate investment trust, has sold four Volusia County commercial properties to a White Plains, N.Y., firm for a combined total of $33 million.
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December 13, 2012 - Salmon Harvester poised for £24 million Worcester mall purchase
Outlet: Property Week - Online
Salmon Harvester is poised to buy Land Securities’ Cathedral Plaza shopping center in Worcester for around £24 million.
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December 13, 2012 - Philadelphia retail condos up for sale
Outlet: Business Journal (Philadephia)
IStar Financial (NYSE:SFI) has decided to market the space that houses Barney’s New York and the Serafina restaurant. Both are in long-term leases and front Rittenhouse Square at the $300 million high-end condominium tower.
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December 13, 2012 - Phoenix complex sells for $12.2 million
Outlet: AZCentral.com
Affiliates of The Mack Co., a New Jersey based company in Phoenix, sold Whispering Wind Corporate Center at 2205 and 2225 W. Whispering Wind Drive in Phoenix to New World Real Estate Investments of Costa Rica for $12.2 million.
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December 13, 2012 - Elco Landmark Residential acquires four properties from Equity Residential
Outlet: Webnewswire.com/
Landmark Residential has acquired four multifamily properties totaling 1,134 units in two separate transactions
with Equity Residential (NYSE: EQR) for a combined purchase price of approximately $100 million.
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December 12, 2012 - Sears Canada sells its stake in Alberta mall for $43 million
Outlet: Financial Post - Online
Sears Canada has plans to sell its stake of a mall in Medicine Hat, Alberta, for $43 million.
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December 12, 2012 - Three self-storage faceilities trade hands in Tampa
Outlet: Press Release
Marcus & Millichap Real Estate Investment Services has arranged the sale of the Safeguard Self Storage Portfolio, a three-property, 2,250-unit, 225,569-net-rentable square foot self-storage portfolio located in the Tampa Bay Area. The total sales pri
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December 12, 2012 - Transwestern completes sale of office portfolio for $39.5 million
Outlet: Press Release
Transwestern has completed the sale of the Oak Creek Center office portfolio in Lombard, Ill. on behalf of KBS Realty Advisors. The 427,161-square-foot, 11-building office portfolio was purchased by a joint venture between Investcorp and Golub for $3
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December 11, 2012 - CORESTATE Group acquires land plot for student development in Austia
Outlet: Press Release
CORESTATE Group has acquired a 6,500-square-meter land plot in Vienna, Austria, for a 25,000-square-meter student accommodation led development.
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December 11, 2012 - M&G Property Portfolio buys Heritage House
Outlet: Press Release
The M&G Property Portfolio has purchased the freehold of Heritage House, a modern distribution warehouse unit located on Southbury Road, Greater London for £22.1 million.
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December 11, 2012 - Sabra buys five senior care assets
Outlet: Zacks.com
Sabra Health Care REIT (NYSE:SABRE) acquired five senior care assets in Texas and Minnesota in two separate transactions.
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December 10, 2012 - Mid-America Real Estate sells retail center near Detroit
Outlet: Minnesota Real Estate Journal - Online
Mid-America Real Estate Corp.'s investment sales group recently sold the Cambridge Crossings retail center located in the Detroit suburb of Troy, Mich.
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December 10, 2012 - HFF Represents seller in sale of The Aventine of Alexandria
Outlet: AlphaTrade Finance
The Aventine of Alexandria, a 574-unit, 15-story multi-housing community in Alexandria, Va., was sold to Partners Group and an affiliate of Bainbridge Cos.
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December 10, 2012 - Saul Centers acquires property and sells another property
Outlet: Stockhouse Publishing Ltd.
Saul Centers acquire approximately 53,000 square feet of retail space located on the east side of Rockville Pike, near the Twinbrook Metro Station in Montgomery County, Maryland, for $23.0 million, including acquisition costs.
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December 10, 2012 - Developers break ground on Hoboken waterfront office and retail site
Outlet: NJ.com
Developers of a new 520,000 square-foot waterfront office and retail development that publishing company Pearson Education will occupy as its new corporate headquarters held its groundbreaking ceremony today.
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December 10, 2012 - Oxford Properties in joint venture to develop Washington, D.C., office building
Outlet: Westman Journal - Online
Oxford Properties Group is joining U.S.-based Gould Property Co. in a 50-50 joint venture to develop a 620,000 square foot office building in Washington, D.C.
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December 10, 2012 - Artis REIT buys two properties for $44.9 million, signs deal to by two more for $47.4 million
Outlet: Westman Journal - Online
Artis Real Estate Investment Trust has announced acquisition deals involving industrial and retail properties in Western Canada and in the Greater Toronto Area with a combined value of more than $92 million.
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December 10, 2012 - Alta Development in Stoughton sells for $27.5 million.
Outlet: Banker & Tradesman - Online
Alta at Indian Woods, a 154-unit, Class A apartment community in Stoughton, has been sold for $27.5 million to Fairfield Indian Woods.
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December 10, 2012 - Meridian arranges $35 million in financing for 36 properties
Outlet: GlobeSt.com
Meridian Capital Group has negotiated and closed nine loans totaling $35.4 million in permanent and bridge financing for 36 properties in three states.
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December 10, 2012 - Cordea Savills acquires first two London Residential assets
Outlet: Press Release
Cordea Savills, the international property investment manager, has acquired the first two assets on behalf of its Prime London Residential Development Fund.
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December 7, 2012 - Transwestern Brokers Sale Of 300,000-SF Bank of America Plaza In Columbia, S.C. For $26 Million
Outlet: PR Newswire
Transwestern's Southeast Investment Services Group has announced that it brokered the sale of Bank of America Plaza, located at 1901 Main Street, Columbia, S.C. Columbia-based AgFirst Farm Credit Bank purchased the 17-story, class A office building f
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December 7, 2012 - TDI to build $50 million Las Colinas apartment building
Outlet: Business Journal
TDI has plans to build a $50 million apartment complex in Las Colina, Texas.
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December 7, 2012 - Jacksonville office park sold to Boca Raton investors for $27.8 million
Outlet: Jacksonville Business Journal - Online
Freedom Commerce Center, a Baymeadows office park, has been sold for $27.8 million.
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December 7, 2012 - Driftwood Hospitality, Apollo partnership acquires DoubleTree Suites
Outlet: Business Wire - Canada - Online
Driftwood Hospitality Management and a real estate investment fund managed and advised by affiliates of Apollo Global Real Estate Management have purchased DoubleTree Suites by Hilton Columbus Downtown.
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December 6, 2012 - HFF arranges $62.3 million construction loan for The Residences at Fresh Pond
Outlet: Press Release
HFF has arranged a $62.3 million construction loan for The Residences at Fresh Pond, a 428-unit, Class A multi-housing development in Cambridge, Mass.
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December 6, 2012 - HFF arranges sale of $133.4 million loan
Outlet: Press Release
HFF has sold a non-performing loan secured by Watters Creek at Montgomery Farm, a 700,000-square-foot, grocery-anchored, mixed-use development in Allen, Texas.
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December 6, 2012 - Kimco acquires City Heights Retail Village in San Diego
Outlet: Business Wire
Kimco Realty Corp. (NYSE:KIM) has acquires City Heights Retail Village in San Diego for $35.6 million.
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December 6, 2012 - Dalfen America Corp. sells $20 million worth of properties
Outlet: PRWeb
Dalfen America Corp. has sold 495 Warner Commerce Park, an industrial property in Phoenix, Arizona and Bayside Bridge Plaza, a Publix-anchored retail center in Clearwater, Florida.
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December 6, 2012 - Phoenix apartment complex sells for $30 million
Outlet: Business Journal
Seattle-based Weidner Investment Services has bought 28th Arizona apartment project for $30.1 million.
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December 6, 2012 - PSA Peugeot Citroen raises £30 million in property sale
Outlet: AM Magazine - Online
PSA Peugeot Citroen has completed a sale and leaseback of nine U,K. properties to raise £29.9m. The properties were bought by CBRE Global Investors and leased back for a duration of 15 years.
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December 5, 2012 - Riocan REIT sells C$250 million of debt
Outlet: Reuters
Riocan Real Estate Investment Trust on Thursday sold C$250 million ($253 million) of nine-year notes, according to a term sheet seen by Reuters.
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December 5, 2012 - Jones Lang completes $30 million sale of Phoenix property
Outlet: AZRE: Arizona Commercial Real Estate - Online
Jones Lang LaSalle’s Capital Markets has closed the sale of La Palma in Phoenix on behalf of LAP LLC of Orange County, California.
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December 5, 2012 - REIT buys Clifton Park memory-care residence for $15 million
Outlet: Big News Network
REIT buys Clifton Park memory-care residence for $15 million.
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December 5, 2012 - Coldwell hires Eric Larsen
Outlet: Business Wire - Canada - Online
The Salt Lake Office of Coldwell Banker Commercial NRT has announced that commercial real estate broker and industrial / land specialist Eric Larsen has joined the firm.
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December 4, 2012 - Great Point Investors sells 3555 Timmons in Houston
Outlet: Press Release
Unilev Capital Corp. has purchased 3555 Timmons, a 225,895-square-foot, class A office building in Houston’s Greenway Plaza submarket.
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December 4, 2012 - CBRE Global acquire Fairmont Office Tower
Outlet: GlobeSt.com
CBRE Global Investors is in contract to purchase a high-profile office building in downtown San Jose, Calif.
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December 4, 2012 - Sabra acquires five senior care facilities for $40.2 million
Outlet: Senior Housing News
Sabra Health Care REIT has acquired five senior care properties in Texas and Minnesota in two transactions for a total of $40.2 million.
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December 4, 2012 - Interline Brands buys JanPak for $82 million
Outlet: Jacksonville Business Journal - Online
Interline Brands has purchased JanPak Inc. for $82.5 million in a Tuesday news release.
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December 4, 2012 - Parkway Properties to buy 525 North Tryon building for $47.4 million
Outlet: Markets.financialcontent.com
Parkway Properties has signed an agreement to buy 525 North Tryon, a 406,000-square-foot office tower at the corner of North Tryon and West Ninth streets in uptown Charlotte, for $47.4 million, according to a press release from the company.
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December 3, 2012 - Prudential provides $71 million financing for Olympia House
Outlet: Business Wire
Prudential Mortgage Capital Co. provided a $71 million loan through its Fannie Mae DUS platform for Olympia House, a 22-story, mixed-use property located in midtown Manhattan.
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December 3, 2012 - SL Green pays $218 million for loan on 315 Park Ave. S.
Outlet: Press Release
SL Green Realty Corp. (NYSE: SLG) as acquired the non-performing mortgage loan secured by the property at 315 Park Avenue South, New York City.
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December 3, 2012 - HFF arranges $130 million refinancing Manhattan community
Outlet: Individual.com (press release)
HFF has arranged a $130 million refinancing for The Capitol at Chelsea, a luxury high-rise multi-housing community in Manhattan.
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November 30, 2012 - Duke Realty pays $26.1 million for large tract in DuPont
Outlet: Puget Sound Business Journal - Online
Duke Realty bought 92 acres of fully entitled land in DuPont, Wash.
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November 30, 2012 - Cole closed on Irving office building for $15.4 Million
Outlet: REDNews
Cole Corporate Income Trust purchased the office building at 10030 N MacArthur Blvd in Irving, Texas, from Wells Real Estate Funds for $15.4 million.
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November 30, 2012 - Skanska invests $51 million in Seattle office project
Outlet: Swedish Wire
Skanska USA Commercial Development invests $51 million in the project Stone34 in Seattle.
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November 30, 2012 - Kennedy Wilson acquires 366-unit multifamily community in Salt Lake City
Outlet: Business Wire - Canada - Online
Kennedy Wilson has paid $43.5 million for Sandpiper Apartments, a 366-unit multifamily community in Holladay, a suburb of Salt Lake City, Utah.
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November 29, 2012 - Kennedy Wilson and partner acquire Sandford Lodge
Outlet: Business Wire - Canada - Online
Kennedy Wilson and one of its investment partners have acquired Sandford Lodge, a 119-unit luxury residential apartment community in Dublin, Ireland. The purchase price was €27 million.
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November 29, 2012 - Blackstone taps JLL to lease 100 Montgomery
Outlet: CoStar Group
The Blackstone Group appointed Jones Lang LaSalle as the exclusive leasing agent for 100 Montgomery St., a 424,254-square-foot, LEED Gold certified office building in San Francisco.
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November 29, 2012 - Terreno sells industrial property for $17 million
Outlet: Yahoo! Canada
Terreno Realty Corp., has recently sold an industrial property in San Bernardino, California, for $17.0 million.
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November 29, 2012 - W. P. Carey Announces $25 Million Acquisition of Three Florida Self Storage Properties
Outlet: Press Release
W. P. Carey Inc. (NYSE: WPC) has acquired three self storage facilities from Safeguard Self Storage.
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November 28, 2012 - Chinese firm enters Australia's property market
Outlet: Weekend Australian, The (VIC)
Singapore-based Bright Ruby has made its first foray into Australia's property market, with the purchase of BlackRock's Sydney office tower at 10 Barrack Street, according to a source.
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November 28, 2012 - Bayer forms JV to acquire The Avenue Webb Gin
Outlet: Chain Store Age - Online
Bayer Properties, through a joint venture between it and institutional investors advised by J.P. Morgan Asset Management, has acquired The Avenue Webb Gin outdoor mixed-use shopping center from Atlanta-based Cousins Properties.
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November 28, 2012 - Inland acquires The Corner Shopping Center
Outlet: Chain Store Age - Online
Oakbrook, Ill.-based Inland Diversified Real Estate Trust announced the acquisition of The Corner, an 80,155-sq.-ft. shopping center in Tucson, Ariz., for approximately $29.5 million.
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November 28, 2012 - Digital buys redevelopment property in New Jersey
Outlet: Data Center Dynamics Focus - Online
Digital Realty Trust, a San Francisco-based data center developer and provider of wholesale data center space, has bought a large piece of land in New Jersey it plans to build a data center on.
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November 28, 2012 - CBRE completes £9.3 million sale of prime High Street Investment
Outlet: MyNewsDesk
CBRE, on behalf of the Henderson UK Property Fund, has sold a prime flagship high street investment at 6-7 High Street, Oxford for £9.3 million to Eyre Estate Investment Fund.
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November 28, 2012 - Marcus & Millichap sells 9,031-square-foot building
Outlet: Minnesota Real Estate Journal - Online
Marcus & Millichap Real Estate Investment Services has sold 1165 – 1167 Wilmette Ave., a mixed-use property located in Wilmette. The asset commanded a sales price of $1.7 million.
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November 28, 2012 - Ullico commits $20 million to Minneapolis construction project
Outlet: PRWeb - Online
Ullico will extend up to $20 million in financing through its Separate Account J, also known as “J for Jobs”, for the construction of Loring Park Tower, a 37-story, 354-unit high-rise apartment building in downtown Minneapolis, Minn.
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November 28, 2012 - UBS lends $24.8 million for Brooklyn hotel
Outlet: Commercial Real Estate Direct
UBS has provided a $24.8 million loan for Marriott Fairfield Inn & Suites in New York City.
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November 28, 2012 - Rubenstein buys Newark, Del., power center
Outlet: Commercial Real Estate Direct
Rubenstein Real Estate Co. has agreed to buy Christiana Center, a power retail center with 302,779 square feet in Newark, Del., from Pennsylvania REIT.
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November 28, 2012 - DJM Capital Partners acquires 11 acres for retail and hotel development at Pacific City
Outlet: Business Wire
DJM Capital Partners has acquired approximately 11 acres for the retail and hotel portion of the planned mixed-use, Pacific City development from Crescent Heights.
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November 28, 2012 - Marcus & Millichap arrange $9.6 million sale of Westview Shoppes
Outlet: Press Release
Marcus & Millichap has arranged the sale of Westview Shoppes, a distressed 60,732-square foot Office Depot-anchored shopping center in Coral Springs.
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November 28, 2012 - Grant Thornton signs lease at 161 North Clark St. in Chicago
Outlet: Crain's Chicago Business - Online
Grant Thornton has signed a lease for 137,000 square feet at 161 North Clark St. in Chicago, a 1.1 million-sf office building owned by Tishman Speyer Properties.
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November 28, 2012 - Raintree Partners acquires $60 million Ventura County
multifamily community
Outlet: Press Release
Raintree Partners has acquired Archstone Ventura Colony, a 272-unit multifamily community located just off of the 101 Freeway in the coastal community of Ventura.
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November 28, 2012 - NYC office of Mesa West coordinates $14 million loan
Outlet: National Real Estate Investor - Online
The New York City office of Los Angeles, Cali.-based Mesa West has coordinated $14 million in first mortgage debt for the recapitalization of 200 Birch Creek Road in Bridgeport, N.J. for Dallas, Texas-based Hillwood Investment Properties and Brookfie
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November 28, 2012 - HFF negotiates $100 million loan for portion of The Shops at Park Lane
Outlet: Retail Traffic - Retail Real Estate And Retailing Trends Information Resear
HFF arranged $100 million loan on behalf of Northwood Investors for a portion of The Shops at Park Lane, a 1.2-million-square-foot mixed-use development in Dallas. ING Investment Management provided funding for the loan.
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November 28, 2012 - National Irish Bank on the market
Outlet: South West Business Insider - Online
The former National Irish Bank on College Green in Dublin has been put up for sale at a guide price of €4 million.
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November 27, 2012 - Ahwatukee Foothills office property sells to Canadian firm for $6.8 million
Outlet: Phoenix Business Journal - Online
Calgary, Alberta-based Enright Capital has acquired the Ahwatukee Foothills Corporate Park, a four-building flex-office property in Phoenix. The sales price was approximately $6.8 million.
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November 27, 2012 - Medica nears second Carlson building buy in Minnetonka
Outlet: Minneapolis/St. Paul Business Journal - Online
Medica is near to buying 301 Carlson Parkway from Carlson Real Estate Co. for an undisclosed sum.
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November 27, 2012 - Carter Validus adds new data center property in Philadelphia
Outlet: Individual.com
Carter Validus Mission Critical REIT has acquired an enterprise data center property in Philadelphia, Pennsylvania for a purchase price of $65 million.
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November 27, 2012 - Terreno sells $17 million property in California
Outlet: StreetInsider.com
Terreno Realty Corp. sold an industrial property located in San Bernardino, Calif., on November 27, 2012 for a sale price of approximately $17.0 million.
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November 27, 2012 - Pacific Heights trades for $10.5 million
Outlet: CoStar Group
The Henry I. Prien Family Trust sold the 16-unit multifamily property at 2299 Pacific Ave. in San Francisco to the Gus P. Panos Trust for $10.5 million.
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November 27, 2012 - Hartford's Metro Center put for sale
Outlet: Hartford Business Journal - Online
Hartford's foreclosed Metro Center office building is officially on the sales block, months after the Class A downtown tower re-signed anchor tenant Lincoln Financial Group to a long-term lease.
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November 27, 2012 - London pension invests in residential properties
Outlet: 24dash.com
Islington Council is to invest cash from its pension fund into residential property in order to secure returns to build new homes.
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November 27, 2012 - Ediston Properties, Europa Capital spend £22 million on two properties
Outlet: Europe Real Estate
U.K.-based Ediston Properties and Europa Capital have bought Caledonian House, a 53,868-square-foot office and retail building in Aberdeen, and St. Philip's Point, a 97,469-square-foot office and retail building in Temple Row, Birmingham.
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November 27, 2012 - Marcus & Millichap arranges $15 million sale of Swan Court Apartments
Outlet: Press Release
Marcus & Millichap Real Estate Investment Services has arranged the sale of Swan Court Apartments, a 126-unit garden-style apartment community located in Rochelle Park in Bergen County, N.J.
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November 27, 2012 - City Gate Commerce Center hits the market for $24 million
Outlet: Press Release
Marcus & Millichap Real Estate Investment Services has the exclusive listing for the remaining 240 acres of City Gate Commerce Center, a partially developed, 288-acre mixed-use development opportunity in Naples, Fla.
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November 27, 2012 - Inland Diversified purchases The Corner Shopping Center for $29.5 million
Outlet: Business Wire
Inland Diversified Real Estate Trust has purchased The Corner, an 80,155-square-foot shopping center in Tucson, Ariz., for approximately $29.5 million.
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November 27, 2012 - Harbor Group Funds $10 million for multifamily portfolio
Outlet: GlobeSt.com
In its first transaction in conjunction with L3C Capital Partners, Harbor Group International funded a $10 million preferred equity investment to acquire a multifamily property portfolio in northwest St. Louis, Mo.
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November 26, 2012 - Dexus Property Group acquires Melbourne CBD office property
Outlet: Australian Company News Bites
DEXUS Property Group has exchanged contracts to acquire 40 Market Street, Melbourne for $46.7 million, an office property located in the core of the Melbourne CBD. The property is a nine level, class B office building.
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November 26, 2012 - Hawkins Cos. pays $5.9million for Albany Plaza building
Outlet: CoStar Group
An affiliate of the Hawkins Cos. acquired the retail building at 1235-1351 Waverly Dr. SE in Albany, Ore., from Kimco Realty Corp. for $5.85 million.
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November 26, 2012 - Boxer Property buys two Dallas-area office buildings
Outlet: Dallas Business Journal - Online
Boxer Property purchased two Dallas-area office buildings totaling more than 300,000 square feet of office space from Parmenter Realty Partners.
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November 26, 2012 - Three retail centers sell in South Jersey
Outlet: GlobeSt.com
Marcus & Millichap has sold three separate retail properties in southern New Jersey for combined sales price of $11.75 million.
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November 26, 2012 - Miamia's Park Towers apartment complex sells for $11.6 million
Outlet: Real Deal - Online, The
The Park Towers apartment complex in Miami has been sold for $11.6 million, according to Marcus & Millichap. The 10-story, 207-unit property is located at 777 NW 155th Lane in Miami on a 5.86-acre lot.
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November 26, 2012 - CBRE brokers sale of Vanguard Center for $34.6 million
Outlet: Press Release
CBRE has sold Vanguard Center, located in the I-77 Corridor submarket of Charlotte. The sale price was $34.6 million.
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November 26, 2012 - Industrial asset fetches $16 million for Prism JV
Outlet: GlobeSt.com
Sun Hing Foods has purchased a 216,048-square-foot industrial property at 14505 Proctor Ave. for $16.2 million.
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November 26, 2012 - NorthMarq arranges $2.9 million mortgage for Keystone Crossing
Outlet: Press Release
NorthMarq’s Tampa Regional office has arranged acquisition financing of $2.9 million for Keystone Crossing, a 43,077 square feet neighborhood retail center located at 8500 Gunn Highway in Odessa, Fla.
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November 26, 2012 - NorthMarq arranges $1.185 million mortgage for Idlewyld Village
Outlet: Press Release
NorthMarq’s Kansas City Regional office has arranged supplemental financing of $1.185 million for Idlewyld Village Apartments, a 228-unit market-rate multifamily property located at 4849 Haverwood Lane in Dallas.
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November 25, 2012 - Historic apartment building listed at $5.5 million
Outlet: Palm Beach Daily News - Online
Mizner Court, the mixed-use landmarked apartment building at 184 Sunset Ave., Palm Beach, Fla., has been listed at $5.5 million.
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November 25, 2012 - Pebblebrook Hotel Trust acquires The Grand Hotel Minneapolis
Outlet: Meetings & Events
Pebblebrook Hotel Trust (NYSE: PEB) has announced its acquisition of The Grand Hotel Minneapolis for $33.0 million.
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November 23, 2012 - Monmouth acquires $14.3 million industrial property
Outlet: RealEstateBusinessOnline
Monmouth Real Estate Investment Corp. has acquired a 172,005-square-foot industrial building at 38401 Amrhein Road in Livonia for $14.3 million.
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November 23, 2012 - Clarion Partners acquire office park for $36 million
Outlet: RealEstateBusinessOnline
Clarion Partners has acquired Palladian I and Palladian II, a two-building suburban office park in Durham, for $36.2 million on behalf of Brown Brothers Harriman (BBH) Real Estate Income Fund II.
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November 23, 2012 - Joint venture Buys One City Center in Houston
Outlet: RealEstateBusinessOnline
A joint venture between Hallandale Beach, Fla.-based Beacon Investment Properties, Menorah Mivtachim and Psagot has acquired One City Centre, a 609,000-square-foot, Class A office building in Houston.
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November 23, 2012 - Rosemont acquires Oaklahoma's two largest office builidings
Outlet: RealEstateBusinessOnline
Santa Fe, N.M.-based Rosemont Realty has acquired One Warren Place and Two Warren Place, the two largest suburban office buildings in Oklahoma.
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November 23, 2012 - Hersha Buys Manhattan hotel for $74 million
Outlet: RealEstateBusinessOnline
Hersha Hospitality Trust has agreed to purchase the 205-room Hilton Garden Inn at 52nd Street in New York City for $74 million.
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November 21, 2012 - Marcus & Millichap arranges $12 million multifamily loan
Outlet: Press Release (pr) Distribution Service By India Prwire
Marcus & Millichap Capital Corp. has arranged $12 million in debt for a 272-unit multifamily mid-rise property in Richland, Wash.
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November 21, 2012 - Acadia pays $42 million for Chicago properties
Outlet: Crain's Chicago Business
Acadia Realty Trust will pay about $42 million to acquire eight properties located in Chicago to Fred Latsko.
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November 20, 2012 - Shorenstein Properties Completes Purchase of downtown Minneapolis complex
Outlet: Press Release
Shorenstein Properties completed the acquisition of 33 South Sixth in the heart of downtown Minneapolis. The seller was Brookfield Office Properties and the terms of the transaction were not disclosed.
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November 20, 2012 - CBRE Global purchases seven assets for £64 million
Outlet: Press Release
CBRE Global investors has purchased seven properties for circa £64m from Mountgrange and Patron Capital from the Mercury portfolio.
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November 19, 2012 - Orchard Street acquires Hereford Retail Park, Herefordshire
Outlet: Press Release
Orchard Street Investment Management, the specialist commercial property investment manager, has acquired Hereford Retail Park, Hereford from PRUPIM for £12.35 million.
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November 16, 2012 - Orchard Street acquires 8/10 Old Jewry office investment
Outlet: Press Release
Orchard Street Investment Management, the specialist commercial property investment manager, has purchased 8/10 Old Jewry from European Property Fund PLC for £40.02 million.
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November 13, 2012 - Prologis Signs 1.2 Million Square Foot Build-to-Suit Agreement in Dallas
Outlet: Press Release
Prologis has signed a build-to-suit agreement for more than 1.2 million square feet with a leading food and beverage and repeat customer. Construction is scheduled to begin in January 2013. The new facility will be strategically located at Prologis
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November 13, 2012 - Cushman & Wakefield and SWIP aquire three assets for €33 million
Outlet: Press Release
Cushman & Wakefield Investors and Scottish Widows Investment Partnership (SWIP) have acquired a portfolio of three assets in Linköping, Sweden’s fifth largest city, from Klövern a listed Swedish property company.
