NEW YORK CITY-The embattled auction house has completed a sale/leaseback deal on its York Avenue headquarters building. Proceeds from the sale to RFR Holding LLC will pay down short-term debt and antitrust fines.
MEXICO CITY-The fund, which will invest in sale-leasebacks, build-to-suits and portfolio buys of industrial and office properties in Mexico, will remain open to investors through February or until it reaches $100 million. It is the first private equity fund of Mexico Real Estate Investments LP, a subsidiary of Industrial Global Solutions.
KINGSTON, ONTARIO-Assurant Group, a risk management program provider serving the financial services industry, will open its new facility next June on a 14.5-acre site. CB Richard Ellis' Phoenix office negotiated on behalf of the tenant, while the owner was self-represented.
UPSTATE, NY-Investor David Warneras new holdings include 2.5 million sf spread across Albany, Syracuse and Rochester. Assets comprising another 1.3 million feet in Ohio and Pennsylvania are tied to the Upstate properties through cross-collateralized debt.
BRISBANE, AUSTRALIA-View Hotels acquires its first Queensland hotel property with its purchase of the Clarion Hotel Powerhouse from Jones Lang LaSalle Hotels. It's the fourth Queensland hotel to be sold this year.
NEW YORK CITY- William A. Ackman, chairman of the board of trustees of First Union Real Estate Equity and Mortgage Investments, has resigned his post, saying he wants to "eliminate any question of conflicts of interest" regarding the proposed merger between First Union and Gotham Golf Corp.
NEW YORK CITY-The Brooklyn Children's Museum today will unveil architect Rafael Viqoly's $39-million plan that will expand the institution to 102,000 sf of environmentally sustainable space.
NEW YORK CITY-The Witkoff Group sells the legendary art deco tower for $265 million and gets another $90 million for 15 contiguous floors at 125 Broad St. Total square footage exceeds 1.5 million sf.
NEW YORK CITY-One of Germany's largest real estate funds terminates its relationship with a local firm to take advantage of JLL's global platform and hands-on management and leasing strategy.
NEW YORK CITY-The German-based bank, displaced in the World Trade Center attacks, will move 5,500 employees from Midtown to a 1.6-million sf Downtown building it bought a year ago.