Business Specialties
Starwood Capital JV Acquires Sydney Office for $307M
Centuria and BlackRock had owned The Zenith, a two-building office complex in the city’s Lower North Shore, since 2016. The deal marks Starwood’s single largest transaction to date in Australia.
Call for Submissions: Be Part of CRE’s Most Popular Global Survey
Contribute to a high-profile global report on market sentiment that international policymakers and top organizations use to set their agenda.
SunCap Opportunity Fund Buys Orlando-Area Industrial Center
The company paid $14.9 million to acquire the eight-building, 185,000-square-foot facility in Seminole County. A CBRE team assisted the seller in the disposition.
JV Obtains Mezzanine Loan for Brooklyn Project
Bluestone Group has provided $8 million in financing for the mixed-use property that Cornell Realty Management and LIVWRK are co-developing in Williamsburg.
Coworking Firm Venture X Expands in Europe
The shared workspace company, which has locations in 25 countries around the world, has agreed to bring its brand to the United Kingdom and Ireland.
Discovery Labs Plans $500M Philly-Area Coworking Campus
Newly established by MLP Ventures, the platform company will redevelop two campuses in King of Prussia into a 1.6 million-square-foot ecosystem for health-care, life sciences and technology-enabled businesses.
LevelTen Energy Matches Starbucks’ Portfolio PPA
The current deal marks the first time a corporate buyer simultaneously procures a fraction of the power generated by multiple new projects.
Infinity Hotel San Francisco Joins Ascend Collection
The 75-key property in the city’s Marina District is now part of Choice Hotels International’s growing group of boutique and historic hotels and resorts with local flavor.
Bank of America Accelerates Sustainability Efforts
The bank plans to add more than 60 solar installations over the next three years, with 15 financial centers and 10 ATMs to be equipped with panels by year’s end.
CPE’s Top 5 Posts in May
Miss any of our articles? Catch up with five of our most popular posts for the month.