Business Specialties
Property Group Partners Closes Air Rights Purchase for $1.3B M-U Project in DC
The largest contiguous undeveloped site in Washington, D.C., is now well on its way to being transformed into the 2.2 million-square-foot Capitol Crossing mixed-use destination.
Related Cos.’ Hudson Yards Breaks Ground on 26-Acre Manhattan Site
After years in the planning stages, construction of New York City’s largest private development since Rockefeller Center finally got underway Tuesday as city officials joined leaders of Related Cos. and Oxford Properties Group at the groundbreaking of the 26-acre, mixed-use Hudson Yards project.
Windstream to Build 21,000-Sq.-Ft. LEED Gold Data Center
By Eliza Theiss, Associate Editor Little Rock, Ark.-based Windstream Corp. has announced that Windstream Hosted Solutions will open a new data center in Nashville. Windstream Hosted Solutions is a provider of enterprise-class managed hosting solutions, boasting a nationwide network of data centers. The new facility will be an enterprise-class data center of 21,000 square feet, […]
Special Report: Top CEOs Discuss Post-Recession Investment Environment
The 2012 Global Real Estate Markets Conference hosted by the James A. Graaskamp Center for Real Estate (Wisconsin School of Business) featured a premier keynote panel with some of our industry’s top CEOs.
Macerich’s Tysons Tower Signs Intelsat to 188 KSF Lease
Macerich, owner and master-developer of McLean, Va.-based Tysons Corner Center, has signed satellite service provider Intelsat to a 15-year, 188,000-square-foot lease to serve as the future office tower’s anchor tenant.
Special Report: Finding a Framework for Future Global Cities
By 2030 it is likely that 60 percent of the world’s population will be living in an urban setting.
American Campus Closes on Student Housing Portfolio Purchase for $863M
American Campus Communities of Austin, Texas, has closed on its $863 million purchase of a 19-property, 12,049-bed student housing portfolio from affiliates of Kayne Anderson Capital Advisors, of Los Angeles and Armonk, N.Y.
SL Green Sells London Asset for $100M
SL Green Realty Corp and its partner Westcore Properties have sold their shares in the Jersey Property Unit Trust, which owns a long-term leasehold interest in Procession House, a Class A office building in London to a U.K.-based property company for $100 million.
Morguard Corp. Acquires LEED Gold M-F Complex in Chicago for $300M
Morguard Corp., an Ontario-based investor, agreed to purchase Alta at K Station, an 848-unit multi-family complex in Chicago’s West Loop, for $300 million, with the acquisition expected to close at the end of December.
Apple REIT Six to Merge with Blackstone Affiliate in $1.2B Deal
Less than one month after rejecting an unsolicited tender offer by a group led by MacKenzie Capital Management, Apple REIT Six has signed a deal to be acquired by BRE Select Hotels, an affiliate of Blackstone Real Estate Partners VII.