Business Specialties
Construction Begins on $230M First Phase of M-U Project in Philly
East Market, a mixed-use project spanning a full city block in Philadelphia’s Center City, has moved from the drawing board to the ground as construction commences on the $230 million first phase of the four-acre development.
INTERNATIONAL: Tristan Capital, STAM Europe Open $130M Office Campus in Central Paris
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
W.P. Carey Buys 236 KSF R&D Facility in Metro Boston
W. P. Carey has acquired for about $56 million the U.S. headquarters and R&D facility of Schneider Electric USA Inc.
Colliers Expands European Footprint with Acquisition of France’s AOS Group
Colliers International has just boosted its presence in the EMEA region by 20 percent–and established a notable base of operations in France and Belgium–with the acquisition of a controlling interest in Paris-based AOS Group.
MetLife, Panattoni JV to Develop 900 KSF of Industrial Parks in Seattle Area
MetLife is partnering with Panattoni Development to build three new industrial distribution parks in the Seattle area for $63 million.
Hilton Sells Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. Ltd. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings Inc. for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
INTERNATIONAL: Brookfield Multiplex to Build $187M Hospital in New South Wales
Brookfield Multiplex is set to develop the largest infrastructure project in the Bega Valley Shire in New South Wales –a new $187 million hospital.
Melo Group Lands $67M Loan for Market-Rate M-F High-Rise in Miami
Melo Group has secured $67 million in financing for construction of Melody, a 497-unit market-rate apartment tower that will sprout up in downtown Miami.
Ivanhoé Cambridge JV to Invest $500M in Mexican M-U Development Projects
It’s a trip from North of the Border to South of the Border, with a step in between. Ivanhoé Cambridge JV will invest in the development of mixed-use urban communities in some of Mexico’s main cities.
NorthPoint Buys 285 KSF Office Tower in Downtown Kansas City
NorthPoint Development has acquired The Power & Light Building, an iconic 30-story office tower in downtown Kansas City, from Gailoyd Enterprises Group, with plans to convert the property into a mixed-use development with 200 apartments.