| TOP NEWS OF THE WEEK |
Griffin-American Buys 21 Buildings in Five States for $141M
Griffin-American Healthcare REIT II has acquired 21 healthcare-related buildings in five states for $141.3 million, pushing the REIT co-sponsored by American Healthcare Investors and Griffin Capital Corp. to an overall portfolio value of $1.6 billion.
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1 MSF Suburban New Orleans Office Property Changes Hands for $150M
Lakeway Center, a 1.2 million-square-foot office property in Metairie, La., just outside of New Orleans, has come under new ownership. |
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. |
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| THIS WEEK ON CPEXECUTIVE.COM |
| CPE TV:
RECon 2013: Midwest Retail Investment Sales Roundup
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| CPE RADIO:
Economy Watch Weekly: People Buying More, Housing Stronger, U.S. Growth Still Middling
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| FROM THE INSIDE:
Marc Heisterkamp: HSBC Demonstrates Commitment to Ongoing Sustainable Practice in Mexico
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How have your expectations changed for second-half performance relative to your January predictions?
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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. |
Schorsch Strikes Once Again: Acquires First Allied Holdings
Calling it another step forward for RCAP Holdings, Nicholas Schorsch, chairman & CEO of American Realty Capital and sister company RCAP Holdings, said it was expanding into the independent broker-dealer financial services business with the acquisition of First Allied Holdings, of San Diego. |
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CPE Partner CREOpoint: Your Customized Business Intelligence Channels ready for you to access from any of your digital devices.
Click here to track real time news about Realcomm annual conference going on now, plus everything about Green Buildings, Private Equity, REITs and REIMs
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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. |
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