Business Specialties
Design Completion Paves Way for Start of San Francisco’s $4B Transbay Transit Center
The San Francisco Transbay Joint Powers Authority’s (TJPA) development of the city’s new state-of-the-art Transbay Transit Center and Park is right on track. Now that Pelli Clarke Pelli Architects has submitted the final design report for the $4 billion downtown project, there is nothing stopping the first phase from getting underway this August.
Harry K. Moore to Join Cassidy Turley
Commercial real estate services firm Cassidy Turley said Friday that Louisville, Ky.-based Harry K. Moore will join the company on May 13. Harry K. Moore was formerly affiliated with Colliers International.
Kimco Forms JV with Canadian Pension Fund to Buy U.S. Shopping Centers
Prime neighborhood shopping centers will be the target of a new joint venture between New Hyde Park, N.Y.-based Kimco Realty Corp. and the Toronto-based Canada Pension Plan Investment Board. The partnership has kicked off with a $370 million investment that includes Kimco’s contribution of a 2 million-square foot portfolio of five properties.
New Partnership to Develop Affordable Housing Across the Globe
The affordable housing problem extends far beyond U.S. borders, and Indianapolis-based 3D Global Solutions has just formed a new partnership in an effort to address the problem. The Indianapolis-based consulting firm entered into a Joint Development Agreement with Toronto’s Innovative Composites International Inc. for the creation of affordable housing and temporary shelters around the world.
Colliers Reaches Milestone in Brand Integration
Colliers International has launched its new global brand, a major step in the integration of its global operating platform and service lines. Earlier this year, Colliers and FirstService Real Estate Advisors announced that they would join forces under the Colliers International brand.
Colliers: Investors More Sanguine Than Expected
It’s not just pollen or volcanic ash that’s in the air in various locales around the world; optimism regarding the commercial real estate market is floating around, too.
Lodgian’s Stockholders Green Light $270M Merger with Lone Star
Lodgian Inc. shareholders met on “Tax Day” to sign off on a deal that calls for Lone Star affiliates LSREF Lodging Investments L.L.C. and LSREF Lodging Merger Co. to acquire the hotel company for a cash sum of $2.50 per share for all outstanding stock.
Healthcare Reform to Boost Healthcare Real Estate Industry
Healthcare real estate, having managed to fare better than most commercial real estate sectors during the industry’s downturn, is now positioned to blossom as a result of the recent passage of the highly contentious Patient Protection and Affordable Care Act and The Healthcare and Education and Reconciliation Act of 2010, according to a report from Fitch Ratings.
Tropicana Las Vegas to Go Tropical with $165M Makeover
The U.S. gaming market has yet to rebound, but Toronto, Ontario-based Onex Corp., owner of Tropicana Las Vegas Hotel & Casino, is preparing for the recession-weary public’s impending return to the tables with the commencement of its massive transformation of Tropicana Las Vegas.
SL Green to Shell Out $193M for Manhattan’s 600 Lexington
SL Green Realty Corp. is about to pump up its enviable Manhattan office portfolio with the addition of the 303,500-square-foot tower at 600 Lexington Ave. While not one of those highly anticipated “fire sale” deals that never quite materialized in the commercial real estate market, it is still a good buy.