Business Specialties
JW Marriott Hanoi Expands in Southeast Asia as Luxury-Brand Hotel
Marriott International is continuing its rapid growth with the recent opening of the JW Marriott Hotel Hanoi, a brand new location for the luxury brand that has in the past year made a point of expanding into Southeast Asia.
USAA, Touchstone Partner to Develop Project in Seattle’s South Lake Union
The hot South Lake Union submarket in Seattle is getting another office development as USAA Real Estate Co. and Touchstone team up on a two-building, 820,000-square-foot project at 307 Fairview Ave. North.
Clarion JV Sells Storage Portfolio in Texas, North Carolina for $258M
A partnership composed of Clarion Partners and Private Mini Storage has sold for $258 million a 30-property, 2.4 million-square-foot portfolio of self-storage facilities.
Xinyuan Grabs 4 Land Parcels in China
Xinyuan Real Estate Co. has acquired four land parcels in China via auction and intends to primarily develop apartments.
CBRE Trades 377 KSF Class A Office Building in NJ Suburb
GAF, North America’s largest producer of roofing materials, is moving from its longtime Wayne, N.J., corporate headquarters to a 377,000-square-foot, Class A office building in Parsippany, N.J., in a deal described by CBRE Group Inc. brokers as “one of the largest in the state this year.”
SL Green Signs 266 KSF Lease with MTA in Manhattan
With a new lease in place at Midtown Manhattan’s Graybar Building at 420 Lexington Ave., Metro-North Commuter Railroad Co. will continue to call the 1.2 million-square-foot skyscraper home, but it will be a much bigger home.
Canada Sells Diplomatic Building in London to Indian Developer for $500M
The Canadian government has sold the iconic Macdonald House in central London to Lodha Group, one of India’s largest real estate developers, for $500M.
Essex Property Enters into Exclusive Negotiations with BRE
Essex Property Trust has made a non-binding proposal to acquire BRE Properties in a negotiated strategic business combination in which each outstanding share of BRE common stock would be exchanged for 0.2971 shares of Essex common stock and $12.33 in cash.
ARCHT to List on National Stock Exchange
American Realty Capital Healthcare Trust will apply to list its common stock on an unspecified national stock exchange (under the symbol HCT).