Business Specialties
Related Disposes of OneEleven Tower at Record Price
Scarcely six months after opening, OneEleven, a 504-unit luxury apartment tower in downtown Chicago, has been sold by Related, its developer.
INTERNATIONAL: Canada Pension Plan Investment Board Forms JV to Develop Massive M-U Project in China
The Canada Pension Plan Investment Board’s construction plan for a major mixed-use development in China’s Jiangsu Province marks the company’s first project of its kind in this part of the world.
Tishman Speyer Expands Footprint in Boston
Tishman Speyer expects to break ground later this year on a mixed-use development with offices and luxury condos at Pier 4 in Boston’s hot Seaport District.
Trammell Crow Co., Prudential JV Feed Chandler, Ariz.’s Hungry Office Market
Trammell Crow Co. and Prudential Real Estate Investors have answered Arizona’s growing demand for office space with the planned development of Mach One.
Asher Investments Takes Advantage of Denver’s Tight Apartment Market
Less than a year after the doors swung open to residents at Alta Harvest Station, an apartment community in Broomfield, Colo., Asher Investments has sapped up the 297-unit property from its developer, Wood Partners.
Starwood, KFK Team on Adaptive-Reuse Project in Downtown Dallas
To feed the hunger of the growing Downtown Dallas market, Starwood Hotels & Resorts Worldwide and KFK Group have teamed up to redevelop an older building into a Westin-managed hotel.
CohnReznick-NOI Merger Brings Strategic Synergies
Saying the combination will create an industry-leading commercial real estate consulting practice, CohnReznick, one of the top 10 accounting, tax and advisory firms in the United States, is acquiring NOI Strategies.
Opus to Develop M-F in Historic St. Louis Neighborhood
In response to tight vacancy in St. Louis, The Opus Group has come to the rescue with a multi-family development project.
INTERNATIONAL: W.P. Carey Picks Up Resort Hotel in Club Med Network
W.P. Carey has bought La Plantation d’Albion Club Med, situated on 53 acres of natural tropical woodland in Albion, a village on the northwestern coast of the island of Mauritius.
Secondary Market Moves: Non-Traded REIT Auctioneer CTT Buys APB
Central Trade & Transfer, an online auction site for non-traded REITs, has significantly increased its presence in the online secondary-market transactions business in one fell swoop with the acquisition of the assets of its competitor, American Partnership Board.