A venture between Griffith Properties and Urdang Capital Management has paid $45 million for HarborSouth Tower, a 200,000-square-foot office building in Quincy, Mass.The venture purchased the property from an undisclosed local investor, who marketed the 10-story building through...

Investcorp has acquired a 96 percent interest in a portfolio of nine full-service hotels with 2,828 rooms from Procaccianti Group, in a deal valuing the properties at $450 million.Investcorp, whose parent is based in Bahrain and is capitalized...

Australian investment manager Babcock & Brown has agreed to buy Gregory Greenfield & Associates, an Atlanta shopping mall owner and operator that has a controlling interest in eight regional malls.Babcock & Brown did not say how much it...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Soffer Organization has decided against selling Quantum 1, a 159,000-square-foot office building in Pittsburgh. The Pittsburgh developer, which is run by the Soffer family, had placed the property on...

Commercial Real Estate Direct Staff ReportMid-America Apartment Communities Inc. has established a value-add investment fund slated to acquire $500 million of multifamily properties.The Mid-America Multifamily Fund I LLC, which was capitalized by the REIT and institutional investors, is...

Commercial Real Estate Direct Staff ReportMid-America Apartment Communities Inc. has established a value-add investment fund slated to acquire $500 million of multifamily properties.The Mid-America Multifamily Fund I LLC, which was capitalized by the REIT and institutional investors, is...

An investor group comprised of Chetrit Group and Arbor Realty Trust Inc. has agreed to sell a 98 percent stake in 450 West 33rd St. in midtown Manhattan to Broadway Partners for $664 million.Besides keeping a 2 percent...

An investor group comprised of Chetrit Group and Arbor Realty Trust Inc. has agreed to sell a 98 percent stake in 450 West 33rd St. in midtown Manhattan to Broadway Partners for $664 million.Besides keeping a 2 percent...

Commercial Real Estate Direct Staff Report  Tenants at Manhattan's Stuyvesant Town and Peter Cooper Village have filed a $320 million lawsuit against Tishman Speyer Properties and MetLife. The class-action suit alleges that MetLife illegally charged market rate rents...

Commercial Real Estate Direct Staff Report  Tenants at Manhattan's Stuyvesant Town and Peter Cooper Village have filed a $320 million lawsuit against Tishman Speyer Properties and MetLife. The class-action suit alleges that MetLife illegally charged market rate rents...

GE Real Estate has formed a venture with the Muller Co., taking part ownership of the Motorola Phoenix Campus, a 334,000-square-foot office and research and development facility in Tempe, Ariz.Muller, a Laguna Hills, Calif., developer, purchased the property...

GE Real Estate has formed a venture with the Muller Co., taking part ownership of the Motorola Phoenix Campus, a 334,000-square-foot office and research and development facility in Tempe, Ariz.Muller, a Laguna Hills, Calif., developer, purchased the property...