Business Specialties
CorAmerica Invests $90M in Suburban LA Retail Property
CorAmerica has bought Nordhoff Plaza, a Class A community center in Northridge, Calif., for approximately $90 million.
Tianjin Eco-City a Blueprint for China’s Future Urbanization Efforts
Residents and companies have started moving in to Tianjin Eco-city, a joint Chinese-Singaporean project located close to Beijing. At full build-out in 2020, the project is expected to house 350,000 residents.
Realty Income to Acquire American Realty Capital Trust in $3B Transaction
Realty Corp has bought American Realty Income REIT. Under the terms of the deal, the seller would acquire all of the outstanding shares of ARCT for about $3 billion.
Qualcomm to Expand Operations at Brier Creek
By Adriana Pop, Associate Editor San Diego-based Qualcomm is expanding its operations at Brier Creek Corporate Center in west Raleigh with the lease of 40,672 square feet of office space. John Daly and Jason High of CBRE-Raleigh represented the company in the negotiations. The Triangle Business Journal reports that Qualcomm had been pursuing the deal […]
Goya Foods Breaks Ground on 615 KSF HQ, Distribution Center
Goya Foods has broken ground on a new headquarters and regional distribution center in Jersey City, N.J.
Amazon to Expand HQ—Again
Vulcan Real Estate is developing a sixth phase of Amazon’s campus in Seattle’s South Lake Union submarket.
Washington, DC, Trophy Office Tower Trades for $121M
A notable Washington, D.C., office building was recently sold for $121.4 million. The office tower lies in the East End submarket of the national capitol.
Treat Towers in Walnut Creek Trade Hands
By Alex Girda, Associate Editor MetLife recently acquired Treat Towers in one of the largest office deals in the East Bay this year, trading for around $120 million. The property was bought from Chicago-based Equity Office Properties Trust, who co-owned the Treat Towers with a TIAA-CREF retirement fund. The twin 10-story office buildings offer around […]
TMG, Rockwood Sell San Francisco Office Projects to Boston Properties for $62M
TMG Partners and Rockwood Capital have sold a series of office buildings to Boston Properties for more than $62 million, including preferred units of limited partnership interest in the buyer’s company.
Hyatt Hotel Corp. Opens First Grand Hyatt in Malaysia
Hyatt Hotel Corp. will be opening Malaysia’s first Grand Hyatt, with first-class luxuries and amenities including impressive views of the city, dining on almost every floor, and state-of-the art technology banquet halls and meeting rooms.