Business Specialties
King Street Properties Acquires $112M, 2-Building Lab Project
King Street Properties has plans for a two-building, 284,200-square-foot laboratory redevelopment project in Cambridge, Mass., the leading life sciences hub in the country, and a new financing deal is helping the developer bring the goal to fruition.
INTERNATIONAL: IHG, Hilton Worldwide Expand Operations in UAE
InterContinental Hotels Group and Hilton Worldwide will both be expanding their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton has officially opened a new Dubai hotel.
KBS REIT II Sells Chicago Office Building to Irvine Co. for $850M
In what CoStar called the largest single-building office transaction in Chicago history, KBS REIT II has sold 300 N. LaSalle to the Irvine Co. for $850 million.
Loews Hotels & Resorts Buys 255-Key Graves 601 Wyndham Grand in Minneapolis
Loews Hotels & Resorts has completed its acquisition from Graves Hospitality of the 21-story, 255-room Graves 601 Hotel Wyndham Grand in Minneapolis.
Grubb, Kalikow Break Ground on Link Apartments Glenwood South in Raleigh
Grubb Properties, in partnership with The Kalikow Group, has officially broken ground on Link Apartments, Glenwood South, a 204-unit apartment community in Raleigh.
Bridge Development Buys 17 Acres in Florida to Build Industrial Facility
Bridge Development Partners makes plans for its third speculative industrial project in South Florida in less than one year with the acquisition of 17 acres in Hialeah Gardens, Fla.
JULY ISSUE: Greening Walgreens
Walgreens has opened a prototype net-zero energy retail store – the first such store in the nation. Here’s a close look at what went into the Evanston, Ill., property, and what they’re getting out of it.
DSF Group Acquires M-F Complex in Massachusetts for $108M
DSF Group has acquired Avalon Danvers, a 433-unit multi-family complex in the northeastern Massachusetts town of Danvers, for $108 million from Avalon Bay Communities.
Avison Young Buys Montreal-Based Firm Roy et Tremblay
The fast growing Toronto-based commercial real estate services firm Avison Young continues its expansion, this time closer to home, with the acquisition of Montreal-based project management firm Roy et Tremblay Inc.
The July digital issue of CPE is now available!
Editor’s Note: Energy Matters Energy has become a paramount priority for commercial real estate owners and operators. News Story: The Quarter-Billion-Dollar Merger Sixty years after its establishment as a tenant-focused brokerage firm, and a dozen more after its management-led buyout, Studley has gone global, merging with London-based Savills PLC, a leading international player in commercial real estate occupier representation. Trend Story: Bridging the Affordable Housing Gap As federal resources have been cut in an effort to balance the budget, key affordable housing programs have been threatened. Cover Story: The Golden Touch CPE’s Distinguished Achievement Award Winners have been announced! New Vision: Intelligent HVAC Ray Pustinger chats with…
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