Business Specialties
Paddison Takes Home CREW Network Circle of Excellence Award
The CREW Network announced its top awards last night during the 2013 Convention & Marketplace in Dallas. The four Impact Awards and topmost Circle of Excellence went to eight achievers exemplifying ideals critical to the organization’s mission.
Skanska Lands $189M Research Facility Contract at Massive Swedish Medical Campus
Global project development and construction group Skanska’s Swedish chapter received a construction contract for a new research laboratory in Solna, Sweden.
TCN Worldwide Expands into Hong Kong
TCN Worldwide has entered the Hong Kong market by bringing OfficeAsia into the fold as one of its member firms.
Madison Marquette Grabs 202 KSF M-U Property in Seattle Suburb
Madison Marquette has teamed up with two foreign institutional investors in a JV to purchase the Bellevue Galleria, a 202,000-square-foot mixed-use project in the Seattle suburb’s downtown.
Weingarten Acquires 350 KSF Shopping Center in Austin
Weingarten Realty Investors has acquired Mueller Regional Retail Center, a 350,000-square-foot power center adjacent to I-35 in Austin.
Dune, Penzance JV Acquires 188 KSF Office Building in DC for $64M
Federal Capital Partners and Penzance have sold the office building at 1101 Connecticut Ave. NW, in Washington, D.C. to a new joint venture, well, half-new. Penzance teamed up with Dune Real Estate Partners to acquire the downtown asset for $64 million.
Hines to Develop 46-Acre Planned Community Inside Houston’s 610 Loop
Hines has acquired a 46-acre tract of land inside Houston’s 610 Loop at Interstate 10 that it will use to develop Somerset Green, a high-end planned community with detached townhome sites, water features and green spaces.
TIAA-CREF, Transwestern to Develop 600 KSF Class AA Office Tower in Houston
TIAA-CREF and Transwestern began construction this week on a 30-story Class AA office tower in Houston’s Galleria submarket that will house BHP Billiton’s growing petroleum business being fueled by its U.S. shale operation.
Waldorf Astoria Naples Trades for $200M
The Waldorf Astoria Naples has come under new ownership in a transaction valued at approximately $200 million. An affiliate of Blackstone sold the 474-room luxury resort hotel and the 18-hole Naples Grande Golf Course to an affiliate of Northwood Investors.
Inland American, Inland Diversified Select JLL to Lease 1 MSF Dallas Retail Portfolio
Inland American Retail Management and Inland Diversified have chosen Jones Lang LaSalle Retail to lease seven shopping centers in the Dallas area.