Business Specialties
Mace Opens Johnnie Walker Student Housing in London
International construction company Mace purchased a former brewery-turned-whisky-warehouse from Johnnie Walker with joint venture partner Alternative Developments and turned it into a mixed-use luxury student housing project.
One WTC Launches Build-to-Suit Leasing Program
The Durst Organization, co-developer of One WTC along with the Port Authority of New York and New Jersey, recently launched its pre-build/build-to-suit program, earmarking a total of 94,000 square feet for units ranging in size from 2,000 to 20,000 square feet to accommodate as many as 18 tenants.
Inland Buys 2 Andaz Hotels in California, Georgia for $115M
Inland American Lodging Group has acquired two Andaz hotels from Hyatt Hotels Corp. for $115 million. A Hyatt affiliate will continue to manage both properties.
Jackson Walker Leases 104 KSF at KPMG Plaza in Dallas Arts District
CBRE has been keeping busy this week in Dallas, announcing its role in the completion of a 104,064-square-foot lease on behalf of Jackson Walker in the future Hall Arts office building, in the heart of the Dallas Arts District; and in a separate deal, it arranged the sale of 100 East Royal, a Class A office asset in Irving.
Kilroy Buys 220 KSF Office Campus in San Diego Suburb for $126M
The Heights at Del Mar, a 219,000-square-foot office and life science campus in the coveted Del Mar Heights submarket of San Diego, is now part of Kilroy Realty Corp.’s portfolio. The REIT acquired the premier two-building, 15-acre asset from Prudential for $126 million.
V&A Waterfront Gives South Africa’s Oldest Port a ‘Green’ Facelift
The rejuvenation of Cape Town’s Victoria and Alfred Waterfront, South Africa’s oldest working port reached a poignant milestone with the completion of the project’s first phase, the No.1 Silo.
W.P. Carey Buys Government-Occupied Office Asset in Manchester
W.P. Carey has bought an office asset in the third largest city in the U.K. from the Department of State for Communities and Local Government for $62 million.
HFF Arranges $99M Financing for M-U development in DC
Washington, D.C.’s U Street/North Shaw submarket will see a former plumbing supply company transformed into a 375-unit, Class A, mixed-use development aimed at young professionals.
Cypress Equities Buys 350 KSF Alabama Power Center
Cypress Equities, acting through a fund managed by its real estate investment management group, adds a third Alabama retail property to its portfolio with the acquisition of Promenade Tannehill, an approximately 350,000-square-foot regional power center in the suburban Birmingham town of Bessemer.