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In the past six months, Chevy Chase, MD-based FCP has sold the final 2,661 apartment units in the St. Charles portfolio to multiple buyers for a combined sale price of $435.3 million.
Netflix also signed a coterminous lease extension for 325,757 square feet of office space at Hudson Pacific's ICON and 91,953 square feet of office space at the firm's CUE office buildings.
The governor states that $12 billion of the $13 billion investment will come from the private sector. The Port Authority of New York and New Jersey has committed $1 billion to the JFK Vision Plan.
The portfolio includes 23 properties in Missouri, 10 in California, six in Arkansas and two in Nevada, all of which represents nearly the entirety of the company's operational real estate.
The deal marks the third multifamily acquisition between Tower 16 Capital and the US subsidiary of UK-based investment firm Henley that has amassed a portfolio of nearly 1,300 units in Las Vegas so far this year.
Both county executives called on the IRS to amend its proposed regulation that would significantly limit the ability of homeowners and individuals to deduct authorized state and local charitable contributions on their federal tax returns.
Kennedy Wilson's ownership in CB3 is 50%, with an initial equity investment of €68 million or approximately $79 million. Kennedy Wilson will act as the development and asset manager of the property.
The Chicago-based industrial real estate firm states it has commenced phase one of the development, which includes construction of a 555,840-square-foot state-of-the-art logistics center.