Newsline

Harrison Street Asset Management (HSAM) has sold a newly constructed, build-to-suit outpatient medical office building in San Jose, Calif., to the County of Santa Clara (the County) for $340 million.

MAG Partners has closed a $210.83 million refinancing for Ruby, the 480-unit luxury residential tower in Manhattan’s West Chelsea neighborhood.

RioCan REIT has appointed Franca Smith as interim CFO, effective immediately, during the temporary medical leave of Dennis Blasutti.

easyStorage, part of the easy family of brands and one of Europe’s leading self-storage operators, has agreed to an asset-backed facility of up to £180 million ($240 million) with alternative credit manager Arini.

Chancerygate has opened an office in Berlin and appointed a head of Germany as the business continues to expand within Europe.

CapitaLand Ascendas REIT (CLAR) has acquired a 100 percent interest in 25 Loyang Crescent, a cluster of ramp-up logistics and industrial buildings, for S$504.2 million ($394 million), and a 50 percent interest in Ascent, a business space property at 2 Science Park Drive, for S$245 million ($192 million).

Interstate Equities Corp. (IEC) has named Nikki Chavez as director of capital formation.

John Parsons has joined Affinius Capital in a senior leadership role as managing director, where he will be responsible for overseeing and executing U.S. data center development initiatives, as well as advancing key strategic priorities and partnerships across the platform internally and externally.

Tara McCann, head of Americas investor and consultant solutions at LaSalle Investment Management, recently participated in a special feature highlighting accomplished women in the real estate sector for Institutional Real Estate Americas. She shared her perspectives on leadership, investing and career evolution. While an excerpt of that interview appeared in the print magazine, the entire conversation, lightly edited, appears below.

One Beverly Hills, featuring Aman Beverly Hills and The Beverly Hilton, has completed a $4.3 billion financing to complete its development of a world-class mixed-use urban destination and residential enclave that redefines luxury living in the heart of Beverly Hills. The financing was led by J.P. Morgan and VICI Properties.

EQT Real Estate Logistics Value Fund VI, a fund managed by EQT Real Estate, has acquired a portfolio comprising nine buildings totaling approximately 2 million square feet in Southern New Jersey.

Simon Property Group has announced the passing of David Simon, the company’s chairman of the board, CEO and president — the singular leader who built Simon Property Group into the largest and most admired retail real estate company in the world. He was 64 years old.

Hyde Group and Legal & General have formed a new investment partnership to deliver more affordable homes across the United Kingdom.

Hines has acquired four mid-box industrial assets totaling close to 290,000 square feet across Greater London and the Midlands on behalf of Hines European Property Partners (HEPP).

GARBE Commercial Living, a subsidiary of the pan-European real estate company GARBE, has launched a hospitality investment platform for institutional investors with B&B HOTELS Central and Northern Europe. The cooperation combines GARBE’s development and investment management expertise with B&B HOTELS’ operational strength.

A new U.K. living platform led by student accommodation pioneer Tim Butler, has appointed Richard Simpson as managing director – investment.

QuadReal Property Group has acquired a 27-asset self-storage portfolio in the United Kingdom from Padlock Euro Storage Fund I, as well as the establishment of a new joint venture partnership with Clear Sky Capital, a privately owned real estate investment management and development company.

Kajima Properties Europe (KPE) has established a joint venture with a U.S. investor to own and manage a 130,000-square-meter (1,399,308-square-foot) logistics facility in Bischweier, Germany. KPE will retain an ownership position in the project and act as long-term asset manager.

Creative dealmaking will define the European hotel investment market over the next two to three years, as investment volumes rebounded to €23.6 billion ($27.3 billion) in 2025 (up 4.8 percent year over year), according to Savills.

Cabot Properties has made a series of leadership appointments and firmwide promotions.