Business Specialties
Forest City Selling 55% Stake in Barclay’s Center
Forest City Enterprises appears ready to sell its majority stake in the Barclays Center arena, the crown jewel in its $4.9 billion Atlantic Yards project in downtown Brooklyn.
NGKF Tapped to Lead Retail Leasing at NYC’s Grand Central Terminal
Newmark Grubb Knight Frank has won one of the most coveted retail leasing assignments at one of the best-known sites in the country: Grand Central Terminal.
Sustainable Hudson Yards
The Related Cos.’ innovative mixed-use mega-project Hudson Yards will feature a highly advanced microgrid.
Hartz Mountain Industries Acquires North Atlanta Distribution Portfolio for $129M
An entity controlled by Hartz Mountain Industries has acquired Peachtree Corners and Kennestone Corners, a 2.5 million-square-foot North Atlanta distribution portfolio of Class B industrial centers, from Clarion Partners.
Pioneer Spirit: Arturo Sneider
For more than two decades, Los Angeles-based Primestor Development Inc. has been introducing national retail brands to urban communities long bypassed by others. Under CEO Arturo Sneider, the company brings together elected officials, community leaders, lenders and other stakeholders and creates architecturally appealing projects with a varied lineup of retailers carefully tailored to the community’s needs.
INTERNATIONAL: Grand Canal Land to Develop Tallest Skyscraper in Southeast Asia
Grand Canal Land is developing a 125-story “Super Tower” as part of Bankgok’s new central business district.
CBRE Arranges $158M Financing for Koll on Office Industrial Park in Irvine
The Koll Co. has refinanced Airport Business Center, a 1.2 million-square-foot office/flex industrial park in Irvine, Calif., to the tune of $158 million.
Cousins Begins Construction of Office Development in Austin
Cousins Properties is starting construction on Research Park V, a 173,000-square-foot Class A office development in Austin, which is the last of a planned five-building complex the firm has developed.
Starwood Closes Acquisition of 7 Malls from Taubman for $1.4B
Affiliates of Starwood Capital Group have acquired seven regional shopping malls totaling more than 7 million square feet of retail from Taubman Centers.