Business Specialties
Roll RE Breaks Ground on 1 MSF BTS Distribution Center in Shafter, Calif.
Roll Real Estate Development has broken ground at its Paramount Logistics Park on behalf of American Tire Distributors, with which the company signed a 1 million-square-foot lease at the 1,600-acre industrial park in Shafter, Calif.
ULI Special Report: Business Case for Resiliency
As the frequency and intensity of catastrophic natural disasters increase, the real estate community has shifted the focus on how to build and retrofit cities to withstand their impacts. Mike Ratliff reports from ULI in Vancouver.
Bijou Breaks Ground on $83M M-F Project in Hoboken
Bijou Properties joined partner Intercontinental Real Estate Corp. to break ground on a 135-unit residential project in Hudson County, which will cost $83 million to bring to fruition.
International: W.P. Carey Affiliates Pay $158M for Polish Bank HQ
W.P. Carey’s two publicly held non-traded REIT affiliates have jointly purchased the headquarters of Poland’s second largest bank, paying $158 million for the asset.
Paragon Commercial, Canyon Catalyst JV Acquires 158 KSF Retail Center in Rancho Mirage, Calif.
A joint venture between the Canyon Catalyst Fund and Paragon Commercial Group has made its first retail acquisition in California – the 158,156-square-foot Rancho Las Palmas shopping center in Rancho Mirage.
Sheraton Hotels & Resorts to Open New-Build Hotel, Conference Center in Austin Suburb
A joint venture between Hines and The Novak Bros. will develop a 224-key Sheraton hotel and conference center in Georgetown, Texas, an upscale suburb of Austin.
Soho Properties, MHP Join Hampshire Hotels to Create New Dream Hotel at Times Square
A development team comprising Soho Properties, MHP Real Estate Services and Hampshire Hotels Management has acquired 560 Seventh Ave. in Manhattan’s Times Square, which they will replace in a $300 million project with a new Dream Hotel and 20,000 square feet of luxury retail.
4 Companies to Develop M-U Building in Tokyo’s Famed Ginza District
J. Front Retailing, Mori Building, L Real Estate and Sumitomo have entered a mutual agreement to jointly operate a retail facility that will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
Select Income REIT Closes $188M Acquisition of 820 KSF Office Property in Suburban Chicago
Select Income REIT has gotten its hands on a premier 820,000-square-foot office asset in suburban Chicago, courtesy of a sale-leaseback transaction with Tellabs Inc.
Blackstone Acquires Office Towers in Santa Ana, Calif. for $129M
An affiliate of Blackstone has acquired Griffin Towers, a pair of 12-story plus penthouse Class A office towers in Santa Ana, Calif., from Lincoln Property Co. and partner Angelo, Gordon & Co. for $129 million.