How big is too big? That’s the question regarding the mega-merger deal of Brookdale Senior Living’s $2.8 billion purchase of Emeritus Corp.—a deal that will result in a firm spread out over 1,161 properties in 46 states....More
San Francisco-based DivcoWest, through its DivcoWest Fund IV, has purchased the 670,000-sq.-ft. One Kendall Square in Cambridge, Mass. for a reported $395 million to beef up its technology-based office holdings....More
Matan Cos., through its Matan Fund IV, has acquired Milestone Business Park, a 42-acre campus in Germantown, Md., from Multi-Employer Property Trust for $128 million.
Cassidy Turley represented the seller in the transaction....More
As the curtain was ready to draw on 2013, a number of major commercial real estate transactions were completed to beat the buzzer, one of them: Perennial Real Estate Holdings and the Asia Real Estate Income Fund, who paid $766 million to Pacific Star Group for a major office property in Singapore....More
In the latest example of foreign capital’s willingness to swoop in to pick off U.S. trophy assets, funds from Singapore and United Arab Emirates have joined Related Cos. in paying $1.3 billion for Time Warner Center, a 1.1 million-square-foot office property in Manhattan....More
Invesco Real Estate has purchased the 24-story, 388,370-square-foot Class A office tower at 101 Second St. in San Francisco’s SoMa district from Hines, the latter’s San Francisco office announced Friday....More