Business Specialties
INTERNATIONAL: CH2M HILL Consortium, Mace in Charge of Program Management at DWTC’s Jebel Ali Project
The bidding process is over, and the winners are a U.S. company and a U.K. company joint venture, which will oversee all real estate and construction delivery-related program management services for the Dubai Trade Centre Jebel Ali development.
Terreno Realty Makes Wise Move with Industrial Purchase in DC
Due to a lack of new Class A industrial buildings in Washington, D.C., San Francisco’s Terreno Realty Corp. is hoping for a high return on investment by acquiring a group of six distribution buildings in the nation’s capital.
Ivanhoé Cambridge Sells Interest in Two Ontario Shopping Centers
Ivanhoé Cambridge has completed repositioning its retail portfolio in Canada with the sale of its remaining 50 percent interest in two Ontario shopping centers to a healthcare pension plan.
SL Green Lands Leasing Commitments from Two Big Names
Be it office or retail space, SL Green Realty Corp.’s Manhattan portfolio always brings in the big names, and lately it’s Diesel and Swarovski.
INTERNATIONAL: Blackstone Disposes of Significant Investment in Sydney
Blackstone Real Estate Partners VI, through its portfolio company, Valad, has agreed to sell its first major property investment in Australia.
Akara Gives Chicago’s Development-Hungry Fulton River District a Boost
Akara Partners is taking an underdeveloped, transit-oriented site in Chicago and building an apartment property on it to accommodate the growing technology market where Google is opening its new headquarters.
CBRE Global Investors Grabs Multi-Tenant Office Building in Denver
On behalf of an unidentified separate account client, CBRE Global Investors has acquired 700 Broadway, an office building in Denver where Anthem is the main occupier.
Duke Reduces Volume in Suburban Office Sector
Duke Realty Corp. has been quite vocal over the years about its strategy of transforming its portfolio into majority industrial and exiting many of its suburban office markets, and once again it is putting its money where its mouth is with its latest disposition.
INTERNATIONAL: Melco Crown Entertainment Opens City of Dreams Manila
Melco Crown Resorts and a subsidiary of Melco Crown Entertainment are opening the first international integrated leisure destination offering in Manila, Philippines.
W. P. Carey Grabs 73-Property Automotive Dealership Portfolio in the UK
W. P. Carey Inc.’s international footprint just grew by 1.6 million square feet.