Business Specialties
Illinois Medical District’s $300M Gateway Center Moves Forward
After an earlier proposal was withdrawn last year by its developer, a beefed-up 1.2 million-square-foot mixed-use project in the Illinois Medical District on Chicago’s West Side has been approved by the district’s coordinating body.
Tishman Speyer to Build 30-Story Office Tower in Buckhead, Atlanta
To take advantage of Atlanta’s tightened office market, Tishman Speyer is moving forward with construction plans for a 30-story office tower, which will complete its Three Alliance Center development in Atlanta’s Buckhead submarket.
JLL Secures $152M in Debt for 1 MSF California Center Office Campus in East Bay Area
JLL has obtained $152 million in debt financing from Starwood Property Trust for Swift Real Estate Partners’ acquisition of the 1 million-square-foot California Center office campus in Pleasanton, Calif.
SL Green Trades 3 Manhattan Assets for $656M
SL Green Realty Corp. is disposing of three Manhattan assets in separate deals totaling $656 million that will generate $240 million in cash proceeds for New York City’s largest landlord.
INTERNATIONAL: Carlson Rezidor Signs 5 New Hotels in Saudi Arabia
Carlson Rezidor Hotel Group is expanding its network in Saudi Arabia with the signing of five new projects.
Chambers Street Properties Sells Shopping Center in UK for $63M
In order to focus its efforts on the industrial and office sector, Chambers Street Properties decided to sell its last retail property, Maskew Retail Park on the outskirts of Peterborough, United Kingdom, for $63 million.
Zurich Alternative Buys 174-Unit M-F Complex in Silicon Valley for $87M
Zurich Alternative Asset Management has grabbed a premier apartment community in San Jose with a premier price tag.
INTERNATIONAL: Kempinski Hotels Buys Famed ‘Hotel Rwanda’
Kempinski Hotels has bought the iconic Hôtel Des Milles Collines in the capital city of Kigali, Rwanda that was made famous by the film “Hotel Rwanda” in the early 2000’s.
Blackstone to Acquire Majority Stake in Service King Collision Repair Centers from Carlyle
Two years after its acquisition of Service King Collision Repair Centers helped drive growth of the firm into one of the nation’s largest independent chains of automobile body repair centers, The Carlyle Group has sold its majority stake to Blackstone.
Ramco-Gershenson Grabs 2 Midwestern Malls for $150M
Ramco-Gershenson Properties Trust has acquired two community shopping centers, one in the Twin Cities area and the other in metro Cincinnati, for $150 million.