Investment
Spirit Realty Shareholders Approve Merger with CCPT II
The merger between Spirit Realty Capital and Cole Credit Property Trust II, which will create one of the nation’s largest publicly traded triple-net lease REITs, is moving toward completion now that shareholders on both sides have approved the proposed deal.…
New JV to Invest $100M for Recap, Ownership of Chicago’s Prudential Plaza
The iconic 2.2 million-square-foot Prudential Plaza in Chicago will be upgraded and repositioned thanks to a $100 million recapitalization and ownership change at the Class A office towers in the city’s East Loop neighborhood.…
Colliers Expands in Germany, Netherlands
Colliers International has acquired controlling interests in Colliers Schon and Lopez Schmitt GmbHand in Trombello Kolbel Immobilienconsulting GmbH, both in Germany, as well as a controlling interest in Urban Properties International Real Estate Management B.V., a leading asset and property management firm in the Netherlands, First Service Corp., Colliers’ parent…
Allied, Brickman Buy NYC’s Historic Brill Building for $186M
Allied Partners and Brickman have something to sing about. The real estate investment company and the private equity firm have completed the acquisition of The Brill Building, the landmark Manhattan tower that has long been synonymous with the music scene, for $186 million.…
Chatham to Buy 178-Room Hyatt Place Pittsburgh/North Shore
Chatham Lodging Trust is about to enter Pittsburgh city limits. The hotel REIT just inked a deal to acquire the Hyatt Place Pittsburgh/North Shore from its developer, a joint venture involving Continental Cos. and Rockridge Capital. …
Carey Watermark Buys NYC Holiday Inn Hotel for $113M
Carey Watermark Investors has made its first New York City acquisition with the $113 million purchase of the 226-room, 24-story Holiday Inn Manhattan 6th Avenue in Chelsea. …
Meridian Arranges $55M Refi of 5 Columbus Circle in NYC
Five Columbus Circle, the 225,700-square-foot office tower at 1790 Broadway in Manhattan, has been refinanced to the tune of $55 million.…
Tishman Speyer Acquires 570 KSF Paris Office Building
Global real estate owner, operator and developer Tishman Speyer has acquired Tour Pacific, a 570,000-square-foot office building in Paris from Ivanhoe Cambridge.…
Glimcher to Regain Tampa Center, Sell Interest in Portland’s Lloyd Center
Glimcher Realty Trust plans to purchase the remaining interest in WestShore Plaza, Tampa, from its joint venture partner, an affiliate of Blackstone Real Estate Partners VI, for $112 million.…
Regency Properties Picks Up 170 KSF Shopping Center in Florida
Regency Properties increases the square footage of its Florida portfolio fivefold with the purchase of the 170,000-square-foot Oak Station Shopping Center in Marianna.…
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