Business Specialties
Tishman Speyer JV to Build M-U Development in Shanghai
Tishman Speyer remains committed to development in China, announcing a new 3 million- square-foot mixed-use project in Shangai with joint venture partner Shanghai Lujiazui Group that will feature Class A offices, upscale retail and waterfront residential apartments.
DAMAC Launches $367M Luxury Hotel Living Project in Downtown Dubai
DAMAC Properties is developing a new $367-million luxury hotel living project in the Burj Area of Dubai.
Sumitomo Relocates, Expands to 98 KSF at 300 Madison Ave. in NYC
Sumitomo Corporation of America went on the hunt for newer, more efficient digs near Grand Central Terminal for the relocation of its North American headquarters in New York City, and it has found just that at 300 Madison Ave.
Bill Gates’ Investment Group Buys Four Seasons Houston
Cascade Investment, the private investment arm of billionaire Bill Gates, is set to acquire the Four Seasons Hotel Houston from Maritz, Wolff & Co. for a reported $140 million.
Guest Column: How Much Environmental Due Diligence is Enough?
McCarter & English partner Jane Warren talks about how much environmental due diligence you need to perform in order to protect yourself against liabilities.
Executive Spotlight: Steve Winger, Everest Auctions
Gain insight into Steve Winger, founder of EverestAuctions, in CPE’s inaugural Executive Spotlight.
Associated Estates to Buy 1,600-Unit Apartment Portfolio for $324M
Associated Estates Realty Corp. will add 1,606 residential units to its holdings overnight. The REIT has entered into a definitive agreement with Northwood Ravin to acquire a portfolio of seven existing and under-development apartment assets across three states in the Southeast and Mid-Atlantic for $324 million.
Mace Opens Johnnie Walker Student Housing in London
International construction company Mace purchased a former brewery-turned-whisky-warehouse from Johnnie Walker with joint venture partner Alternative Developments and turned it into a mixed-use luxury student housing project.
One WTC Launches Build-to-Suit Leasing Program
The Durst Organization, co-developer of One WTC along with the Port Authority of New York and New Jersey, recently launched its pre-build/build-to-suit program, earmarking a total of 94,000 square feet for units ranging in size from 2,000 to 20,000 square feet to accommodate as many as 18 tenants.
Inland Buys 2 Andaz Hotels in California, Georgia for $115M
Inland American Lodging Group has acquired two Andaz hotels from Hyatt Hotels Corp. for $115 million. A Hyatt affiliate will continue to manage both properties.