Subject: Property Acquisitions (ACQ)

Commercial Real Estate Direct Staff ReportBroadway Real Estate Partners has sold two Seattle properties for $300 million to Kennedy Wilson and an investment fund it manages.The Beverly Hills, Calif., firm and its KW Fund I acquired 901 Fifth Ave., a ...

Post Investment Group has paid $23.5 million for Paradise Bay Apartments, a 783-unit complex in Corpus Christi, Texas.The Los Angeles affiliate of Post Properties, which financed the acquisition with $21.5 million of mortgage financing, said it would invest another $2 ...

Philadelphia Business JournalAPF Properties has paid $36 million for a 366,696-square-foot office building in the Philadelphia suburb of Fort Washington, Pa. The New York opportunistic investor acquired the property, at 500 Virginia Drive, from General Electric, which owned the building ...

General Growth Properties Inc. has paid $950 million for the 50 percent of the GGP/Homart I portfolio of shopping malls that it did not already own. The Chicago REIT purchased the interest from the New York Common Retirement Fund, assuming ...

Chicago Tribune Capital Properties is paying $58 million for 30 W. Monroe, a 232,450-square-foot office building in downtown Chicago. The firm is purchasing the building from a group of Chicago investors that include broker Harvey Camins, which acquired the property ...

General Growth Properties Inc. has paid $950 million for the 50 percent of the GGP/Homart I portfolio of shopping malls that it did not already own. The Chicago REIT purchased the interest from the New York Common Retirement Fund, assuming ...

An Arizona investment group has paid $18 million, or nearly $261/sf, for the Hitachi Corporate Center, a 69,090-square-foot office building in San Diego.The group, which operates as MHMS, purchased the three-story building from Bixby Land Co. of Newport Beach, Calif., ...

A venture between WCB Properties and UBS Global Asset Management has paid $92 million for Union Bank Square, a 397,041-square-foot office complex in Orange, Calif.The venture acquired the four-building property from the Colton Co. of Irvine, Calif., which acquired it ...

Chicago Tribune Capital Properties is paying $58 million for 30 W. Monroe, a 232,450-square-foot office building in downtown Chicago. The firm is purchasing the building from a group of Chicago investors that include broker Harvey Camins, which acquired the property ...

Cincinnati Business CourierCabot Properties has paid $31.5 million for 1.2 million square feet of warehouse space in Cincinnati and Columbus, Ohio. The Boston real estate firm purchased the 16-building portfolio from ProLogis of Denver. The acquisition includes Cincinnati's Capital Center ...