1. All Year Management’s $346M Multifamily Portfolio Sale
2. Blackstone’s $405M Acquisition of Uptown Station in Oakland, Calif.
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3. Xenia Hotels & Resorts’ $483M Kimpton Portfolio Sale
4. Sycamore Partners’ $525M Investment in Victoria’s Secret
5. RFR Realty’s $600M Acquisition of 900 Third and 1600 Broadway Retail
In February, New York-based RFR Realty entered negotiations to buy the 600,000-sq.-ft. office building at 900 Third Avenue in New York City from the Paramount Group for $400 million and a 30,000-sq.-ft. retail condo at 1600 Broadway in Times Square for $200 million. By the first week of April, the firm abandoned both acquisitions. RFR Realty head Aby Rosen may reconsider the purchases once the worst of the pandemic is over, however.
6. SL Green’s $815M Sale of the former New York Daily News Headquarters
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7. Kaiser Permanente’s $900M Oakland Headquarters Project
8. Amherst Holding’s $2.3B Acquisition of Front Yard Residential
9. SoftBank’s $3B WeWork Share Repurchase
10. Anbang’s $5.8B U.S. Hotel Portfolio Sale to Mirae Global
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Last September, South Korea’s Mirae Asset Global Investments struck a deal with Chinese insurance giant Anbang to buy its portfolio of 15 luxury hotels in major U.S. cities including New York and San Francisco for $5.8 billion. But by early May, as the pandemic laid waste to the hotel sector, Mirae moved to terminate the deal. Like many other would-be buyers, it claimed that Anbang failed to meet “certain obligations of the contract” and failed to continue to operations of its hotels in accordance with the contract’s requirements. Now, Dajia Insurance Group, which has taken control of Anbang since the sale, has filed a suit to force Mirae to complete the transaction.