Business Specialties
BGC’s Acquisition of ARA to Drive NGKF’s M-H Growth
The acquisitions of ARA and its members representing substantially all of ARA’s revenues are expected to drive significant growth for NGKF within the multi-housing capital markets space.
Zillow Expands to 270 KSF at Russell Investments Center, Seattle
Zillow Inc. is going through a growth spurt so the company is adding a lot more elbowroom to its national headquarters with the expansion of its lease at the Russell Investments Center in downtown Seattle.
BGC to Acquire ARA for $110M
Global brokerage company BGC Partners, parent of Newmark Grubb Knight Frank, is buying Apartment Realty Advisors for approximately $110 million.
KSK, Kempinski to Manage M-U Development in Kuala Lumpur
Kempinski Hotels and KSK Land have signed a management agreement for the upscale 8 Conlay mixed-use development in Kuala Lumpur, Malaysia.
StreetEasy Manhattan Condo Market Report: Pending Sales Surged 31% in October
The October StreetEasy Manhattan Condo Market Report revealed a flurry of activity from both buyers and sellers, which accounted for a 31 percent jump in pending sales from September to October, the largest monthly gain since May 2013.
INTERNATIONAL: Skanska Sells Green Office Property in Bucharest
Green Court Bucharest A will soon change hands. The first building of the approximately 560,000 square-foot office park is currently under Skanska Property Romania’s ownership and will be transferred to Globalworth Real Estate Investments Ltd.
Jamestown Grabs 220 KSF Cambridge Office Building for $136M
Jamestown has enhanced its presence in metropolitan Boston with the addition of the Davenport Building, a 220,000-square-foot office property in Cambridge, Mass.
MG, Florida East Coast Realty & Corigin Plan 60-Story Condo Tower in Miami
MG Properties, Florida East Coast Realty and Corigin Real Estate Group will team to develop 1201 Brickell Bay Drive, a 1.8-million-square-foot, luxury residential development on Biscayne Bay in Miami’s financial district.
Ivanhoe Cambridge, Callahan Capital Buy 2 Seattle Office Buildings for $280M
The deal gives the Montreal-based investment firm about 13 percent of downtown Seattle’s Class A office market.
Hugo Boss Relocating to Downtown Manhattan
The apparel retailer will move its North American headquarters from Manhattan’s Midtown South submarket to 55 Water St. during the second quarter of 2015.