Barbra Murray
Chevron to Build 1.7 MSF Houston High-Rise
With no end in sight to its growing staff, Chevron U.S.A. Inc. will add more than a little bit of elbowroom to its downtown Houston offices through the addition of a 1.7 million-square-foot tower.
Tech Firm Triples HQ with New Silicon Alley Lease in NYC
Midtown South continues to gain steam as Manhattan’s tech hub, and a new startup, PlaceIQ, just staked its claim to office space in the Silicon Alley neighborhood of the submarket with a new lease agreement.
Acquisition Loan in Place for 230-Unit Suburban Dallas M-F
It may seem that lenders only go for the easy deals these days, but the acquisition financing that Beech Street Capital just closed for The Place at Park Timbers, a 230-unit multi-family asset in Lewisville, Texas, proves otherwise.
Ground Breaks on $450M Brigham Research, Clinical Facility in Boston
Boston’s status as the leading life sciences hub in the country will only be bolstered now that ground has broken on Brigham and Women’s Hospital’s $450 million Brigham Building for the Future.
Starwood Signs Deal to Open 1,500 Guestrooms in Makkah
Starwood Hotels & Resorts Worldwide has entered into an agreement with Jabal Omar Development Co. that will result in the opening of three new hotel properties in the Holy City of Makkah, Saudi Arabia.
JLL Hotels Secures $75M in Financing for St. Regis Aspen Resort
Jones Lang LaSalle Inc.’s Hotels & Hospitality Group has secured $75 million in financing on behalf of 315 East Dean Associates for the luxury property.
KBS REIT III Buys Three-Property Office Portfolio for $269M
KBS Real Estate Investment Trust III has kicked off summer with its largest purchase of the year. The REIT just completed the $269 million acquisition of a 1 million-square-foot group of three office properties in Dallas and suburban Washington, D.C., known as the National Office Portfolio from CBRE Global Investors.
FTI: Economy Rebounds, CRE Continues Recovery in Q1
FTI Consulting Inc. has released the FTI Insights: Economic & Real Estate Report for the first quarter of 2013, and overall, it’s good news.
$127M in Financing Closes for 37-Property CRE Portfolio
It has a little bit of this and a little bit of that, and now it has $127.5 million in financing. A 2.3 million-square-foot portfolio encompassing 37 industrial, office and retail properties in metropolitan Philadelphia and Melbourne, Fla., has landed a three-year loan provided by Natixis Real Estate Capital.
Morgan, DRA Buy 620-Unit Northampton Apartments in Largo, Md.
The 620-unit Northampton Apartments in Largo, Md., located roughly 15 miles outside of Washington, D.C., has come under new ownership. Acting in a partnership, Morgan Properties and DRA Advisors acquired the multi-family property from Equity Residential for approximately $95 million.