Alison Granito
The Minneapolis landmark, once a backdrop for the opening credits of The Mary Tyler Moore Show, fetched $277m in one of two large deals for high profile Twin Cities’ buildings.
In the latest acquisition of a large office REIT, the real estate investment arm of the New York-based financial services giant has acquired Glenborough Realty Trust.
The Texas-based private equity firm has bought the previously unaffiliated Lone Star Steakhouse chain for $600m.
The San Diego-based investment firm says it is close to meeting its goal of acquiring $150 million of assets in Texas.
The joint venture has sold two office buildings, which they purchased in 2005, for more than $32m.
Fremont Realty Capital, Shorenstein Properties and New York real estate investor Mark Karasick have acquired 311 S. Wacker, a fixture in the Windy City skyline.
The New York-based firm will acquire the publicly traded owner of ski resort Whistler Blackcomb, a host for the 2010 Olympics.
The $86m acquisition represents the Philadelphia-based firm’s first push into the Minneapolis metro area.
The $90m acquisition may represent South Florida’s largest industrial transaction for the year.
The New-York based firm intends to convert the three luxury buildings in Greenwich, which it bought for $50m, from rental units to condominiums.