Business Specialties
Google Leases Office Campus at Former Mall in Mountain View, Calif., from Rockwood, Four Corners
Google is leasing 500,000 square feet – the largest lease signed so far this year in Silicon Valley – at the former Mayfield Mall in Mountain View, which is being repurposed by Rockwood Capital and Four Corners Properties into Class A office space.
IMMOFINANZ Continues M-F Development in Poland with New Project
Leading property company IMMOFINANZ Group has started another multi-family development in Poland, called Riverpark, a 189-unit project in Poznań.
Kimpton to Redevelop Hotel Monaco in Pittsburgh
Kimpton Hotels & Restaurants is continuing expansion of its boutique hotels throughout the U.S., announcing plans to convert a nine-story, 110-year-old Pittsburgh office building into a Hotel Monaco with JV partner PMC Property Group.
Thai Company Buys Bay-Area M-F Tower for $103M
Bangkok-based Land & Houses PCL, Thailand’s largest homebuilder, has purchased Domain, a 264-unit, luxury transit-oriented rental community in Oakland, Calif., for $103 million.
Cousins Closes Billion-Dollar Purchase of 5 MSF Texas Office Portfolio
Cousins Properties has wrapped up the $1.1 billion all-cash purchase of Houston’s 4.4 million-square-foot Greenway Plaza portfolio and Fort Worth’s 777 Main St. from affiliates of Crescent Real Estate Holdings.
Hackman Capital Wins Bid for Hostess Brands’ Assets
Hackman Capital Partners saw an opportunity to turn Hostess Brands leftovers into an appetizing investment by acquiring the remaining assets of the former national bakery brand at a recent bankruptcy auction for $62.5 million.
Design Unveiled for Trump International Hotel in DC
Trump Hotel Collection has released its plan for the $200 million redevelopment of The Old Post Office in Washington, D.C., which will transform the iconic Pennsylvania Avenue landmark into the Trump International Hotel.
Boston Properties to Sell Ownership Interest in Times Square Tower for $684M
Boston Properties has entered into a binding purchase and sale agreement to sell a 45 percent interest in the ground leasehold interest and related tax credits in New York City’s Times Square Tower to an affiliate of Norges Bank for a purchase price of $684 million in cash.
Transwestern’s Latest Expansion Move
Transwestern’s president of the Americas, Chip Clarke, chats with CPE about his company’s latest expansion move through the purchase of Richards Barry Joyce & Partners, a full-service real estate firm based in Boston.
Berkeley Closes $325M Refinance Loan for San Francisco’s Gateway
It’s a big property with a big financing deal. The Gateway, a 1,254-unit multi-family community spanning three blocks in San Francisco, has been refinanced to the tune of $325 million, courtesy of a loan closed by Berkeley Point Capital and Freddie Mac.