Office

Fund III has diversified investments in more than 3,200 multi-family units and more than 2.2 million commercial square feet with locations across several states.

Earlier this week, the company purchased O'Hare International Center in Rosemont, IL from Blackstone for $64 million.

The company has occupied its current space totaling 7,015 square feet at 655 Third Ave. for the last five years, during which time its New York-based headcount has nearly doubled.

The banking giant filed plans to transfer 680,000 square feet of Grand Central Terminal's air rights.

Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.

The San Francisco-based firm states that the property is located near bulk transmission lines, a major fiber path, as well as less than four miles from Digital Realty's existing data center campuses in Ashburn, VA.

MOBs increasingly adopt technology, such as telemedicine, that attracts millennial users, along with wellness and fitness programs.

The deal marks the fast growing healthcare real estate investment firm's entrance into the Minnesota marketplace.