Praxair to Finalize Investment in NuCO2 Acquisition in Q1 of 2013



Praxair has recently announced it had agreed to buy NuCO2, one of the top providers of beverage carbonation solutions to the restaurant and hospitality industries in the US.  To make this acquisition, Praxair paid $1.1 billion in cash to the company’s owners, private equity firm Aurora Capital Group. NuCO2 employs a staff of 900 who cater […]

First Retail International Buys 50% of InterCora’s Romanian Retail Portfolio



First Retail International (FRI), the retail property business of Belgian investment group Mitiska Ventures, has acquired half of the Romanian retail portfolio of German real estate investor and developer InterCora Group for an undisclosed amount. The group’s Romania-based property portfolio includes 8 operational retail parks, each in a different Romanian city, amounting to about 32,000 […]

Transwestern Investment Management Makes Strategic Acquisition of Houston Office Building



Transwestern Investment Management has just announced the acquisition of a Houston development, the Reserve at Westchase. Along with its equity partner, State Farm Life Insurance Company, Transwestern Investment Management has bought this 194,191-square-foot project that will be developed into a Class A office building in Houston’s Westchase District. The value of the transaction involving the acquisition of this […]

Zillow Acquires HotPads for $16 Million



In real estate technology news, Zillow has announced the acquisititon of real estate search site HotPads for an estimated $16 million in chash. This acquisition is supposedly slated to grow Zillow’s “rental audience” as well as extend the company’s marketing for rental pros.

TAG Acquires German Real Estate Firm TLG in EUR 471 Million Deal



TAG Immobilien has acquired the residential branch of state-owned real estate firm TLG after winning a bid that will require a EUR 471 million investment. The sum to be paid as part of this deal, the biggest in the German property sector for 2012, also includes TLG’s outstanding debt. TAG was one of the favorites […]

Rosemont Realty Acquires Oklahoma’s Biggest Office Buildings



Rosemont Realty, LLC has reportedly acquired One Warren Place and Two Warren Place in Tulsa, Okla. Formerly owned by Parmenter Realty Partners, the two properties are the two largest in Oklahoma. No terms were disclosed at the the amount of the sale.

Digital Realty & Savvis Acquire Hong Kong Data Center



In news from Singapore, Digital Realty Trust, Inc. (DLR), a global provider of data centre solutions, along with Savvis, a CenturyLink IT and Cloud solution company (CTL) have announced a joint venture, acquiring a 164,000-square-foot (15,236-square-meter) facility in Hong Kong. The deal highlights Digital Realty’s entrance to the Hong Kong market, building on Savvis’ existing presence. Michael F. […]

Phoenix and MG Acquire $53 Million Orange County Apartments



Phoenix Realty Group (PRG) and MG Properties Group (MGPG) have joined forces to secure a $53 million apartment community in Orange County. The community, Crystal View, offers affordable housing to workers, many of whom are employed at nearby theme parks, such as Disneyland, and medical establishments, such as the University of California Irvine Medical Center.

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