An array of market forces in the healthcare sector has challenged owners of senior housing and care properties. The challenges are occurring at a time when demographics would appear to favor investment in such property as the U.S. population ages and baby boomers begin to retire in ever-larger numbers.
However, declining occupancies, the ongoing boom in new supply and decreasing reimbursement rates has created a market shift in the investment…
Ivanhoe Cambridge, Inc., the real estate investment arm of Canadian pension fund manager Caisse de dépôt et placement du Québec, and its U.S. partner Callahan Capital Properties have acquired the remaining 51% interest in the 6 Hudson Square office building at 330 Hudson St. in New York City.
Beacon Capital Partners sold its majority position in the asset for $169.32 million in a deal that valued the property at roughly $332 million, or about…
A joint venture between Rubenstein Partners LP and Onyx Equities LLC sold the office building at 30 Montgomery St. in Jersey City, NJ to American Realty Advisors for $101 million, or about $320 per square foot.
The 16-story, 315,385-square-foot boutique office building was built in 1973 on six-tenths of an acre in the Hudson Waterfront submarket, within one block of NJ Transit’s Exchange Place / PATH station.
Rubenstein acquired the asset…
(UPDATE | July 1, 2016): Hudson Pacific Properties, Inc. has closed on its previously-announced acquisition of its Los Angeles, CA headquarters building at 11601 Wilshire Blvd., paying $311 million, net of credits, prorations and closing costs, to The Blackstone Group LP. Hudson Pacific will immediately begin to lease-up and renovate the asset, currently 83-percent occupied.
“11601 Wilshire Boulevard is a landmark property at the gateway…
The Building Owners and Managers Association (BOMA) International announced the winners of The Outstanding Building of the Year® (TOBY®) Awards this week at its annual conference in Washington, DC.
The TOBY Awards represent the ‘best of the best’ in commercial building management and operations, with judging based on the property’s community impact, tenant/employee relations programs, energy management systems, accessibility, emergency evacuation…