Business Specialties
International: Prologis Japan Inks 211 KSF Lease for In-Development Osaka Facility; Receives 2 Awards
Prologis has completed a new leasing agreement for a total of 211,000 square feet of space at its Prologis Park Osaka 5. The owner, operator and developer of industrial real estate has also received two awards for its Nippon Prologis Real Estate Investment Trust.
Concord Hospitality Sells 13-Hotel Portfolio for $240M
Concord Hospitality Enterprises has sold a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction.
Hudson Pacific to Expand Hollywood Studios with 315 KSF Office Tower
Hudson Pacific Properties is slated to start construction of Icon at Sunset Bronson Studios, a 14-story, 315,000-square-foot high-tech office building in Hollywood, next door to the former Warner Bros. headquarters.
HFF Secures $165M in Financing for 2 MSF Retail Portfolio in Pennsylvania, Ohio
A 1.9 million-square-foot collection of four retail properties in metropolitan Pittsburgh and the greater Toledo region has reeled in $165 million in financing.
SMG/Shamrock, W Capital Group Grab Former Golden Sands Development Site in Miami Beach
A joint venture between SMG/Shamrock and W Capital Group has acquired a vacant lot at 6901 Collins Ave. in Miami Beach from a subsidiary of Lehman Bros.
Global Law Firm Signs 440 KSF Lease at Premier Rockefeller Center Location
Powerhouse global law firm White & Case has signed a long-term lease for 440,000 square feet at the Class A tower at 1221 Avenue of the Americas, also known as the McGraw-Hill Building, in Manhattan.
International: Cadillac Fairview to Build Massive M-U District in Downtown Montreal
The real estate arm of Ontario Teachers’ Pension Plan Cadillac Fairview has revealed plans to develop Quad Windsor, a new residential and commercial district in downtown Montreal.
Bouwinvest Acquires 300 High-End Rental Apartments in Iconic Amsterdam Tower
One of the largest Dutch investment managers specializing in real estate, Bouwinvest REIM, has bought 300 high-end rental apartments within the Pontsteiger tower in Amsterdam.
International: Intu Properties Pays Westfield $1.4B for 3 UK Retail Properties
Intu Properties has paid a total of $1.4 billion for three retail centers in the United Kingdom owned by the Westfield Group.
Vornado Completes $350M Refinancing of NYC’s 909 Third Ave.
Vornado Realty Trust has completed a $350 million refinancing of 909 Third Ave., a 33-story, 1.3 million-square-foot Midtown Manhattan office building.