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Trusted Insight's Top 5 Real Estate Deals This Week

by trusted insight posted 5years ago 337 views
Here's the lowdown on who's buying what in commercial real estate this week:

International Paper To Buy Weyerhaeuser's Pulp Business For $2.2B
International Paper said it would buy five pulp mills in Mississippi, Georgia, North Carolina, and Canada's Alberta and two converting facilities in Mississippi and Poland. Read more>>

Cindat Finances Hotel Portfolio Acquisition With $335M In Loans From Natixis And Oaktree
The financing consists of a $285 million senior loan from a syndicate of domestic and international lenders led by Midtown-based Natixis, as well as a $50 million mezzanine loan from an affiliate of Los Angeles-based Oaktree. Read more>>

Blackstone To Buy Into Three Sime Darby Properties Worth $300M
Private equity giant Blackstone is understood to be stitching a deal to buy a majority interest in three Singapore properties owned by Sime Darby. It is expected to take a stake of about 75 per cent in entities owning the properties. Read more>>

Pension Snaps Up Clybourn Corridor Property For $130M, 58% Price Increase In 3 Years
A foreign pension fund paid $130 million for a Clybourn Corridor retail and medical office property, signaling a big rise in property values in the North Side shopping district. Read more>>

Normandy Buying Historic NYC Greenwich Village Office For $100M
The six-story property at 797-799 Broadway is best known as the former St. Denis Hotel, where Ulysses S. Grant wrote his memoirs after the Civil War and where Alexander Graham Bell gave his first New York demonstration of the telephone. Read more>>

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