Business Specialties
W. P. Carey Acquires Denver-Area Class A Office Building
W.P. Carey has jumped into the growing Denver area office market with the acquisition of a Class A property in the ParkRidge Corporate Center in Douglas County, Colo.
Skanska Scores $95M on Sale of Cambridge Life Sciences Building
One year after completing the approximately $70 million development of 150 Second St., a laboratory and office property in the bustling life sciences hub that is Cambridge, Mass., Skanska has sold the property to Alexandria Real Estate Equities for $95 million.
Al Futtaim Group to Open 2 MSF Cairo City Mall
Al Futtaim’s real estate development and operations division is set to develop Cairo Festival City Mall, Egypt’s first-ever indoor-outdoor shopping center.
Obama Administration Expands Better Buildings Challenge to M-F Housing
Nearly three years after President Obama launched the Better Buildings Challenge to help American commercial and industrial buildings become at least 20 percent more energy efficient by 2020, the administration has expanded the program to the multi-family sector.
Stadium Project Unveiled for 2022 FIFA World Cup in Qatar
The Qatar 2022 Supreme Committee unveiled the design of the new stadium provided by Zaha Hadid that will be constructed in Al Wakrah, one of the Host Cities of the 2022 FIFA World Cup.
Sigma JV to Develop Rental Homes in Britan for $1B
Property developer Sigma Capital Group has formed a $1 billion joint venture with Shariah-compliant Gatehouse Bank for the development of up to 6,600 new rental homes in Britain.
Hilton to Trade Biggest-Ever Hotel IPO
The nearly century-old Hilton, the world’s largest hotel enterprise, plans to start trading on the New York Stock Exchange next week under the symbol HLT.
Washington Post HQ Sale Put to Bed for $159M
Graham Holdings, formerly The Washington Post Co., has agreed to sell the 470,300-square-foot office property in Washington, D.C., to Carr Properties for $159 million.
Vornado Refinances NYC’s 11 Penn Plaza for $450M
Vornado Realty Trust has completed a $450 million refinancing of Eleven Penn Plaza, a 23-story, 1.1 million-square-foot Manhattan office building.