Business Specialties
Transwestern Development Grabs Land for 1.2 MSF Industrial Project in Katy, Texas
Transwestern Development Co. has bought a 74-acre site in West Ten Business Park on Interstate 10 at Cane Island Parkway in Katy, Texas, for an undisclosed amount.
PCCP Provides $98M Loan for Construction of 269-Unit M-F/ Retail Property in Suburban Boston
PCCP has emerged victorious in the bid to furnish Northland Investment Corp. with financing for the construction of Moody & Main, a new mixed-use multi-family property just outside of Boston.
International: 2 Chinese M-F Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
Skidmore, Owings & Merrill to Lead Development of Philadelphia’s 30th Street Station Master Plan
Skidmore, Owings & Merrill, in association with Parsons Brinckerhoff, OLIN and HR&A Advisors, has been chosen to develop a comprehensive joint master plan for the area around Philadelphia’s 30th Street Station by Amtrak, Drexel University and Brandywine Realty Trust.
GFI Development, GB Lodging Secure $350M in Financing for Manhattan’s The Beekman
Plans to convert the historic 5 Beekman St. in Lower Manhattan into a luxury lifestyle hotel with an adjoining condominium tower are moving forward now that the property owners and their joint venture partner have secured $350 million in financing.
JPMorgan Chase Makes $100M Commitment to Revitalize Detroit Communities
The city of Detroit just got a boost that will have an enduring impact. JPMorgan Chase & Co. has announced a $100 million, five-year commitment to bolster the economic recovery of the city, which, in 2013, became the largest city in U.S. history to file for bankruptcy.
Starwood Hotels & Resorts Signs 430 KSF Lease for Global HQ in Stamford, Conn.
Starwood Hotels & Resorts Worldwide Inc. has signed a new 430,000-square-foot, 20-year lease for a planned expanded global headquarters at One StarPoint in Harbor Point.
International: Oberoi Partners with Ritz-Carlton on M-U Worli Development in Mumbai
The Ritz-Carlton Hotel Co. has signed a long-term management agreement with Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, to open the first Ritz-Carlton in Mumbai.
Chinese Developer Buys Majority Stake in Historic San Francisco Office Property for $350M
Chinese developer Kylli Inc. has bought a majority stake in the 22-story office building at 225 Bush St., in the San Francisco CBD, taking the share previously owned by GEM Realty and SEB ImmoInvest.
Ballymore Seeks JV Partner for $3.4B Residential Development Portfolio in London
International property development company Ballymore has launched the search for a joint venture partner to finance and develop three large-scale residential projects in East London.