Barbra Murray
Las Vegas Sands to Sell Philly-Area Casino for $1.3B
Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama, will acquire the property in Bethlehem, Pa. The transaction is scheduled to close by year’s end or in early 2019.
Marijuana Laws Slowly Impact Industrial CRE
As more and more states legalize the medical and/or recreational use of marijuana, demand for cultivation/grow facilities is on the rise, spurring the repurposing of distribution and warehouse properties to accommodate the budding business.
Castellum to Build E.ON Headquarters in Sweden
The real estate firm will develop a 263,700-square-foot office building that will house the Nordic base of the energy corporation under a 12-year lease agreement.
CBRE Arranges 199 KSF Plano Office Property Trade
With the assistance of the commercial real estate services firm, Alexander & Baldwin sold the suburban Dallas complex at 1800 & 1820 Preston Park to Libitzky Property Cos. and Sunwest Real Estate Group.
CT Kicks Off $125M Industrial Project in Chicago
The development, Interchange 55 Logistics Park, will occupy a recently purchased 112-acre parcel, and upon completion, will add 1.3 million square feet of industrial space to the local market.
German Investor to Buy $120M DC Hotel
Union Investment GmbH has inked an agreement to acquire Thompson D.C., a 225-key project in the Navy Yards district, from a joint venture involving Geolo Capital and JW Capital Partners. The purchase will increase the company’s growing U.S. lodging portfolio to five properties.
Federal Capital Sells DC-Area Office Tower for $226M
Harbor Group International is the new owner of One Dulles Tower, a 403,600-square-foot trophy property occupied in its entirety by Amazon Web Services. The deal comes less than three years after FCP purchased the corporate campus in an $84 million transaction.
Fannie Mae Leases 850 KSF in Suburban DC
Boston Properties will welcome the government-sponsored enterprise to Reston Gateway, its mixed-use transit-oriented project in Northern Virginia.
Coworking Firm Industrious Raises $80M
The closing of a Series C funding round, co-led by Riverwood Capital and Fifth Wall Ventures, paves the way for the company’s continued expansion and research into new workplace technologies.
Newmark Knight Frank Puts Its Money in Knotel
The commercial real estate services firm’s strategic investment in the customized, on-demand office space provider will give its clients—both tenants and owners—options in the flex space arena.