Business Specialties
Shorenstein JV to Build 2 Office Properties in Austin
Construction has begun on one of two new office buildings at The Domain, a 304-acre mixed-use community in northwest Austin being developed in a joint venture between Shorenstein Properties, Deutsche Asset & Wealth Management and Endeavor Real Estate Group.
ARC NYRR Grabs Manhattan Office Condo for $91M
American Realty Capital New York Recovery REIT has made another purchase this month, this time a three-story office condominium located at 50 Varick St. in the Tribeca neighborhood of Manhattan for $91 million.
$110M in Financing Closes for 214 KSF DC Office Property
The Washington Building, a 214,000-square-foot office destination in Washington, D.C., offers the elements lenders love, so CBRE Capital Markets had more than a few offers in the process of arranging $110 million financing for the Class A property on behalf of borrower Clarion Partners.
NCC to Build Royal College of Music Project in Stockholm Worth $119M
Leading construction and property development company NCC has received $62 million contract to build the new Royal College of Music in Stockholm, a project worth $119 million.
C&W to Manage Major Industrial SoCal Portfolio
IndCor Properties has awarded Cushman & Wakefield a contract to manage 9.1 million square feet of its industrial properties in Southern California, including San Diego, Irvine, and the Inland Empire.
Chevron to Build 1.7 MSF Houston High-Rise
With no end in sight to its growing staff, Chevron U.S.A. Inc. will add more than a little bit of elbowroom to its downtown Houston offices through the addition of a 1.7 million-square-foot tower.
Fortress to Fund M-U Development on 2-Acre Burlington Waterfront Land in Ontario
Mady’s latest mixed-use development project, sitting on 1.68 acres of prime waterfront land on the shores of Burlington city, has landed a financing agreement. Fortress Real Developments executives have agreed to provide funding for the project.
SBV Buys Lexington Commons, Fourth M-F Purchase in Greensboro, NC
SBV Communities has entered the Greensboro, N.C., multi-family market in a big way in a short amount of time. The Kansas City, Mo.,-based firm has purchased more than 600 multi-family units in four acquisitions, including Lexington Commons, the most recent addition to the portfolio.
$326M Perth Office Building Eyed by Investors
The Perth office market in Australia is getting hotter by the moment. Following Brookfield’s announcement to develop Brookfield Place Tower 2, Perth’s CBD is setting up for another significant deal.
Formation Capital Buys $400M Seniors Housing Portfolio
Sizeable seniors housing portfolios are not easy to come by, but Formation Capital has gotten its hands on one.