Business Specialties
Technology Gives CRE Professionals Boost with New Mobile Tools
From an app for frequent note takers to a software-as-a-service management platform, a continuing evolution in technology is giving commercial real estate professionals new mobile tools to help them with their jobs.
Somerset, Pulte Homes Begin Construction on M-U Development in Wood-Ridge, NJ
Construction is underway on a new mixed-use development – Liberty Square at Wesmont Station – in Wood-Ridge, N.J., courtesy of a Somerset Development and Pulte Homes partnership.
KBS REIT III Closes Chicago’s 500 West Madison for $425M
KBS REIT III has acquired 500 West Madison, also referred to as Citigroup Center, an iconic, 1.5 million-square-foot mixed-use tower in Chicago, for $425 million plus closing costs.
Tishman Speyer Signs Largest Lease Transaction in Firm’s History with Banco do Brasil
In the largest lease in Tishman Speyer’s history, Banco do Brasil will be taking all 953,000 square feet of office space in the developer’s three-building Green Towers Brasilia project, now underway in Brazil’s capital.
Peebles, Elad Buy NYC Landmark Building for $160M
The Peebles Corp. and Elad Group have bought the historic 346 Broadway office building from New York City for $160 million and plan to transform the 115-year-old property into a five-star hotel and upscale condominiums in a $400 million restoration.
Canyon JV to Develop Class A Apartment Project in Prince George’s County, Md., for $93M
Canyon Capital Realty Advisors is teaming with Peter N.G. Schwartz and Hensel Phelps on the development of Apollo Residences at Town Center, a $93 million, 417-unit Class-A apartment project in Camp Springs, Md.
Hines, Oaktree Acquire Maxis Office Park in Suburban London
International real estate firm Hines has partnered with a subsidiary of Oaktree Capital Management to acquire the Maxis office campus in Bracknell, Berkshire from administrators Grant Thornton.
Realty Income to Buy Half-Billion-Dollar Net-Lease Portfolio from Inland Diversified
Realty Income Corp. is closing the year with a bang. The company has entered into a definitive agreement to acquire an 84-property portfolio of single-tenant net-leased retail and industrial real estate assets from Inland Diversified Real Estate Trust.
KTGY-Designed $1B Master Planned Community in California Moves Forward
A $1 billion-plus, 2,200-acre master-planned community just off I-10 in Coachella, Calif., has received unanimous approval by the city council there.
Carlson Rezidor to Open 2 Radisson Blu Properties in Saudi Arabia
Carlson Rezidor Hotel Group has increased its portfolio in the Kingdom of Saudi Arabia with the addition of two upscale Radisson Blu properties: The Radisson Blu Resort Al Khobar Aziziya and Radisson Blu Hotel & Residence Unaizah.