News/Events
BXP Sells D.C. Office to Jemal Equities for $92M
BXP has unloaded a 254,000-square-foot office building in Washington, D.C.’s Dupont Circle for $92.3 million as the firm sheds older properties in the nation’s capital. Affiliates of Jemal Equities acquired the building at 1330 Connecticut Avenue NW, according to deed records cited by the Business Journals. Burke & Herbert Bank & Trust provided $72.5 million…
KKR, Mirastar Acquire Eight UK Logistics Properties from Ares
KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a 2.7-million-square-foot portfolio of eight UK logistics assets from Ares Real Estate funds. According to published reports, the portfolio is valued at approximately £400 million (US$529 million). The fully occupied portfolio comprises modern, high-quality assets across established distribution markets in the…
Educational Nonprofit Signs Lease to Build Campus on Brooklyn’s Floyd Bennett Field
The National Park Service has leased a 7-acre space in Brooklyn’s Marine Park neighborhood to a workforce development nonprofit. Runway Green signed a 60-year agreement with the federal government to build a $60 million agricultural and environmental education facility at Floyd Bennett Field, according to the organization. The former airfield near Jamaica Bay is within…
European Coworking Firm Enters U.S. With 32K-SF Lease in Downtown L.A.
European flexible workspace operator infinitSpace is entering the U.S. market with a 32,000-square-foot location in Downtown Los Angeles, its first step in a plan to open 30 locations nationwide in the next two years. The company announced Tuesday that it has entered into a long-term management partnership at the historic Desmond’s Building at 612 South…
Edens Raises $850M To Fund Retail Purchases, Developments
Edens' move comes as new retail development remains constrained while demand booms.
Construction Tech Firm Kahua Secures Bain Capital Investment At $1B Valuation
Bain Capital's minority growth investment in Kahua will make it the largest outside investor and accelerate Kahua's AI capabilities.
Activist Calls Independence Realty Trust's Centerspace Merger 'Destructive' To REIT
Irenic Capital opposes the IRT merger with Centerspace, urging a sale instead for better value.
GIC, Orange Look For Investment To Grow Housing Portfolio To €10B
GIC and Orange Capital Partners are in talks with investors for their €4B partnership, aiming for a €10B expansion.
Investor Daryl Hagler Takes Over Ridgewood’s Embattled Resi Tower Development
Real estate investor and controversial health care mogul Daryl Hagler has signed on the dotted line to take over one of the most embattled developments in Ridgewood, Queens. The under-construction mixed-use tower at 3-50 St. Nicholas Avenue changed hands Tuesday for $75.8 million in cash, according to city records, with entities tied to troubled developer…
