Business Specialties
INTERNATIONAL: Brookfield Multiplex Develops Green Office High-Rise in Melbourne for $410M
Global construction company Brookfield Multiplex has completed the development of a $410 million, mixed-use office building for Cbus Property in Melbourne.
Formation, Safanad JV Buys Nursing Facilities Portfolio for $150M
Formation Capital and Safanad Ltd. have acquired a portfolio of 14 skilled nursing facilities in the mid-Atlantic region for approximately $150 million.
Pebblebrook Grabs The Nines Hotel in Portland, Ore.
In order to further expand its presence in downtown Portland, Ore., Pebblebrook Hotel Trust has acquired The Nines Hotel for $127 million.
Venterra Secures Acquisition Financing for Suburban Houston M-F Property
Venterra Realty has added a Houston-area fractured condominium property to its portfolio, the 332-unit Fairways at South Shore in League City, Texas.
INTERNATIONAL: Tata Housing to Develop M-F Community in National Capital Region of India
Tata Housing Development Co. is rolling out a new luxury residential project called Arabella in the Gurgaon district of India to serve a new class of wealthy consumers.
CBRE Buys U.S. Equities, Combines Chicago-Area Operations
Commercial real estate giant CBRE Group acquired the 36-year-old boutique U.S. Equities to bolster its presence in Chicago and expand its relationships with property owners.
Tishman Speyer Buys 233 KSF London Office
London calling. Tishman Speyer acquires its second office property in the U.K. capital in three months with the purchase of The Point, a 232,800-square-foot office building in the Paddington area of the city’s West End.
INTERNATIONAL: Mace to Oversee Maintenance at Admiralty Extension in London
Mace has been appointed as project manager to oversee the design and refurbishment of 193,750 square feet of office space at the Old Admiralty, a government estate, in London.
Transwestern Awarded Leasing, Management of 2.2 MSF Office Complex in Detroit
Two months after the $177.5 million sale of the five-building, 2.2 million-square-foot Southfield Town Center in Michigan, Transwestern has been retained to lease and manage the trophy office property in the Detroit metro area.
Thor, Taconic Sign Samsung to Long-Term Lease in NYC’s Meatpacking District
Samsung Electronics North America has signed a long-term lease for all of the nearly completed 837 Washington St. in New York City’s Meatpacking District.