Kimco Realty Corp. has paid $354 million for 12 retail centers in California and Nevada totaling 1.1 million square feet.The New Hyde Park, N.Y., REIT purchased the properties from Wall Street Properties Co. of Del Mar, Calif. They...
National Office Properties LP has purchased 301 Congress, a 418,338-square-foot office property in Austin, Texas, from a venture between Crescent Real Estate Equities Co. and Aetna.National Office is a venture between Hines and the California Public Employees' Retirement...
Fitch Ratings has upgraded Prudential Asset Resources' master servicer rating to CMS2 from CMS2- and affirmed its CPS2 primary and CSS2- special servicing ratings.The rating agency said the upgrade was due to Prudential's new investor Web site, improved...
AIG Global Investment Group has provided $17.8 million to finance Towngate III and IV, a two-building office development with 106,400 square feet in Alexandria, Va.ELV Associates Inc. of Boston received the 10-year, fixed-rate financing, which was arranged by...
Morgan Stanley Mortgage Capital Inc. has provided $29 million of acquisition financing for Uptown Shopping Center, a 72,260-square-foot retail development, and the adjacent Uptown Apartments, a 47-unit complex, both in Portland, Ore.Atlas Investing, a Boston retail developer, received...
A venture led by Thomas Properties Group Inc. has completed its $1.15 billion acquisition of a portfolio of 10 office properties with 3.5 million square feet in the Austin, Texas, area from Blackstone Real Estate Advisors. The properties...
Heitman LLC has raised $800 million of equity commitments for its latest value-add investment vehicle, Heitman Value Partners II.The capital was raised from 20 institutional clients and could be leveraged into more than $2.4 billion of investments. Heitman,...
Morgan Stanley Mortgage Capital Inc. has provided $29 million of acquisition financing for Uptown Shopping Center, a 72,260-square-foot retail development, and the adjacent Uptown Apartments, a 47-unit complex, both in Portland, Ore.Atlas Investing, a Boston retail developer, received...
SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country.The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio...
Heitman LLC has raised $800 million of equity commitments for its latest value-add investment vehicle, Heitman Value Partners II.The capital was raised from 20 institutional clients and could be leveraged into more than $2.4 billion of investments. Heitman,...
Triple Net Properties has acquired 8555 University Place, a 315,000-square-foot office building in St. Louis.The Santa Ana, Calif., firm purchased the three-story building on behalf of tenant-in-common investors from Northpark Partners ESA, a St. Louis venture consisting of...
SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country.The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio...
CIM Group has purchased two hotel properties in downtown Oakland totaling 646 rooms. The Los Angeles hospitality firm is purchasing the properties, the 484-room Oakland City Center Marriott and a 162-room Courtyard Oakland Downtown, from a joint venture...
Triple Net Properties has acquired 8555 University Place, a 315,000-square-foot office building in St. Louis.The Santa Ana, Calif., firm purchased the three-story building on behalf of tenant-in-common investors from Northpark Partners ESA, a St. Louis venture consisting of...
Bascom Group has paid $48 million for the Dunwoody Club, a 532-unit apartment complex in Atlanta.The Irvine, Calif., firm purchased the complex from Place Properties of Atlanta, which marketed the property through CB Richard Ellis.Bascom plans to renovate...
CIM Group has purchased two hotel properties in downtown Oakland totaling 646 rooms. The Los Angeles hospitality firm is purchasing the properties, the 484-room Oakland City Center Marriott and a 162-room Courtyard Oakland Downtown, from a joint venture...
Kenmore Group LLC has paid $17.5 million for Malibu Vista, 30,742-square-foot office building in Malibu, Calif.The Santa Monica, Calif., investment firm purchased the property from Malibu Vista Partners of Beverly Hills, Calif., which was represented by Sperry Van...
Bascom Group has paid $48 million for the Dunwoody Club, a 532-unit apartment complex in Atlanta.The Irvine, Calif., firm purchased the complex from Place Properties of Atlanta, which marketed the property through CB Richard Ellis.Bascom plans to renovate...
Chicago Sun Times Health Care Service Corp. has announced that it will add 24 stories to its building at 300 E. Randolph in Chicago's East Loop. Health Care Service Corp., the parent company for Blue Cross and Blue...
Kenmore Group LLC has paid $17.5 million for Malibu Vista, 30,742-square-foot office building in Malibu, Calif.The Santa Monica, Calif., investment firm purchased the property from Malibu Vista Partners of Beverly Hills, Calif., which was represented by Sperry Van...
Chicago Sun Times Health Care Service Corp. has announced that it will add 24 stories to its building at 300 E. Randolph in Chicago's East Loop. Health Care Service Corp., the parent company for Blue Cross and Blue...
UrbanAmerica LP has sold seven office and retail properties with 331,000 square feet in the Washington, D.C., area for $48.5 million.The properties were sold to a local investor group operating as Urban Retail Investors LLC. They are: 3907...
New York Community Bancorp Inc. has agreed to sell 960 Ave. of the Americas, a 99,000-square-foot office building in Manhattan's Herald Square neighborhood, for $105 million.The lender took over the property last year when it acquired Atlantic Bank...
UrbanAmerica LP has sold seven office and retail properties with 331,000 square feet in the Washington, D.C., area for $48.5 million.The properties were sold to a local investor group operating as Urban Retail Investors LLC. They are: 3907...
Levine Investments is paying $88 million for the 250,000-square-foot office portion of the Promenade Corporate Center, a 1 million-sf mixed-use complex in North Scottsdale, Ariz. The Phoenix firm acquired the space from The Pederson Group, a Phoenix developer,...
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