Alison Granito
Capmark has partnered with San Antonio-based Brass Real Estate Funds to acquire 1.1 million square feet of office space for an estimated $85m.
Colesville Partners, an opportunistic vehicle sponsored by Sunburst Hospitality, will have $1bn in buying power.
The joint venture between Europa and The Property Merchant Group bought the former T Mobile headquarters for €85 million in December 2004.
The Pennsylvania-based real estate investment firm has already committed approximately a third of its new vehicle and expanded beyond the mid-Atlantic region with its first buy in Chicago.
A luxury condo conversion in Midtown Manhattan with interior touches by fashion designer Peter Som has been sold to the hotel company Hyatt amid a softening condo market.
As institutional investors expand their definition of real estate to include infrastructure and other alternatives, wind farms are drawing their attention. And their dollars.
Robert Johnson’s second hospitality fund will have $2.5bn in buying power, most of which will be used to acquire a $1.7bn hotel portfolio from White Lodging Services.
The Robert Bass-led buyout shop acquired the company, which operates travel stops along US highways, for $731m in 2000.
The REIT has said it will pay up to $190m for 44 of the toy retailer’s shuttered locations. Vornado teamed with KKR and Bain Capital to buy the chain last year.
The Canadian developer who presided over Olympia & York is planning a real estate investment fund that could reach $4bn.