Barbra Murray
Westfield to Debut $1B Century City Redevelopment in LA
With its big-ticket beautification process coming to a close, the 1.3 million-square-foot shopping center will have a grand opening on Oct. 3, presenting visitors with an additional 422,000 square feet of retail space, new outdoor plazas and a host of unique offerings, including the world’s first permanent Uber Lounge.
Blackstone Closes International Market Centers Acquisition
The company purchased the world’s largest owner and operator of premier showroom space for the furnishings, home decor and gift industries from Bain Capital Private Equity and funds managed by Oaktree Capital Management.
Volvo Expands SC Plant Development by $520M
The car company’s additional investment in the 2.3 million-square-foot factory, currently under construction, will bring a new product line and an office building to suburban Charleston.
DLA Piper Survey: CRE Still Positive After All These Quarters
Results of the global law firm’s 2017 State of the Market Real Estate Survey, released today at its 14th Global Real Estate Summit, verify that most commercial real estate executives remain positive about the future of the U.S. market—for now.
$350M Marriott Marquis Chicago Opens
Acting on behalf of the Metropolitan Pier and Exposition Authority, a joint venture led by Clark Construction Group recently completed the headquarters hotel, delivering a 1,205-key lodging destination connected to McCormick Place, the largest convention center in North America.
Bedrock Reveals $2B, Multi-Project Plan for Detroit
New buildings and renovations will expand the city’s office, residential, retail and hospitality offerings, continuing the city’s transformation into a magnet for businesses and visitors.
Newport Beach Office Tower Trades for $76M
American Realty Advisors sold 4100 Newport, a 190,400-square-foot office tower in Orange County, Calif., to Olen Properties in a transaction that’s been deemed the area’s largest office sale by price per square foot.
Wonderful Spec Project Underway in Central Valley
The 1 million-square-foot building, which will sit within the 1,600-acre Wonderful Industrial Park in Shafter, Calif., is one of only a few developments of its kind in the market.
Barnett Capital Sells 2 MSF Industrial Portfolio
Located predominantly in the Midwest, the properties netted Barnett Capital $84 million, a tidy sum for snapping up assets in the Chicago area, the company’s target market.
SL Green, RXR to Buy Stake in NYC’s Worldwide Plaza
The joint venture will become co-owner of the 2 million-square-foot mixed-use property with the acquisition of a 48.7 percent interest from New York REIT. The deal values the trophy asset at more than $1.7 billion.