Business Specialties
Pinnacle Group Buys Out Hudson Realty in $208M Deal
Real estate investment firm Pinnacle Group has bought out the interests of its equity partner, Hudson Realty Capital, in 26 apartment buildings in Brooklyn for $208 million.
Ariel: January NYC M-F Sales Show Strong Start to 2014
Multi-family transactions will continue to dominate the scene in the Big Apple on a grand scale in 2014, according to Ariel Property Advisors’ Multifamily Month in Review for January.
MIPIM Special Report: Office & Historical Buildings to Hotel Conversions
During the hotel conversion workshop held at MIPIM 2014 in Cannes, Gwenola Donet, who heads the French team of Jones Lang LaSalle Hotels & Hospitality Group, talked about the main drivers of a successful hotel conversion project.
Amazon to Open 4th 1 MSF Fulfillment Center in Kent, Wash.
Amazon.com will open its fourth fulfillment center in the state with the development of a 1 million-square-foot facility in Kent, Wash.
Hyatt Hotels Opens Second Property in Puerto Rico
Hyatt Hotels Corp. held an official ribbon-cutting event for its new Hyatt Place Manati, the second property operated by the company in the municipality of Bayamon.
Kilroy Grabs Premier Life Science Property in Seattle for $106M
Kilroy Realty Corp. has bought a four-story, LEED Gold–certified life science property at 401 Terry Ave. N., in Seattle’s South Lake Union submarket, from the building’s developer, Vulcan Real Estate.
MIPIM Special Report: 10 Must-Have Innovative Solutions
During a Friday morning session at the MIPIM 2014 Innovation Forum, Carlo Ratti, director of MIT Senseable City Lab and partner with Carlo Ratti Associati (Italy), Marek Partel, founding partner of Estateguru (Estonia), as well as four students from the ESSEC University in Paris discussed some of the most exciting, disruptive innovations impacting the real estate industry.
AEW Acquires 296-Unit Senior Housing Portfolio in Colorado for $104M
AEW Capital Management L.P. has snapped up a 296-unit portfolio of seniors housing facilities from Balfour Senior Living on behalf of AEW Senior Housing Investors II for $104 million, outside of Boulder.
Xinyuan Buys Land Parcel in Hunan Province for $112M
Xinyuan Real Estate Co., a Beijing-based residential real estate developer, continues gobbling up land in high-growth Chinese cities to build more multi-family housing.