Tag Archives: Acquire

Blackstone To Acquire Gramercy Property Trust for $7.6 Billion

Gramercy Property Trust’s Logistics Center at DFW International Airport Continuing to view logistics as among the strongest sectors of commercial real estate, an affiliate of Blackstone Group agreed to acquire Gramercy Property Trust this morning for $ 7.6 billion. The affiliate, Blackstone Real Estate Partners VIII, will acquire all outstanding common shares of Gramercy for

Read More

Digital Realty to Acquire DuPont Fabros in $7.6 Billion Data Center Merger

In a blockbuster merger of two top players in the increasingly competitive data center sector, Digital Realty (NYSE: DLR) has agreed to buy DuPont Fabros (NYSE: DFT) in a transaction valued at $ 7.6 billion including debt. Shareholders of Washington, DC-based DuPont Fabros will receive just over half a Digital Realty share per DuPont Fabros

Read More

Ivanhoe Cambridge, Callahan Capital Acquire Manhattan’s 85 Broad St. in Latest Office Buy

Montreal-based Ivanhoé Cambridge, Inc. and its investment partner, Callahan Capital Properties (CCP), have acquired the 30-story, 1.12 million-square-foot 85 Broad St. in New York City for approximately $ 650 million, or about $ 580 per square foot, from a joint-venture between MetLife Real Estate and Beacon Capital Partners. MetLife previously owned the tower before bringing

Read More