Business Specialties
World’s Tallest Twisted Tower Unveiled in Dubai
Cayan Investment and Development has inaugurated the world’s tallest twisted building: Cayan Tower. Previously called the Infinity Tower, the 1,017-foot-tall residential tower joins other record-breaking structures in Dubai Marina, such as the world’s tallest hotel – JW Marriott Marquis – and the world’s tallest residential tower – Princess Tower – adding a little “twist” to Dubai’s skyline.
Allied, Brickman Buy NYC’s Historic Brill Building for $186M
Allied Partners and Brickman have something to sing about. The real estate investment company and the private equity firm have completed the acquisition of The Brill Building, the landmark Manhattan tower that has long been synonymous with the music scene, for $186 million.
Chatham Lodging Trust to Acquire Pittsburgh Hyatt Place for $40M
Chatham Lodging Trust has agreed to purchase the 178-room Hyatt Place Pittsburgh/North Shore near downtown Pittsburgh for $40 million. Scheduled for completion by June 17, the transaction is subject to customary closing requirements and conditions.
San Francisco Bay Area Properties Put Up for Sale as California Looks to Pay Off Wall of Debt
The Department of General Services is planning the sale of a large section of surplus land in its administration, and marketing has commenced for the property. According to a press statement, the DGS will be listing the property and talking with interested buyers until the 3rd of October, this year. The 81 acres of land that are being offered up for sale by the state of California were once belonged to the former Agnews Developmental Center.
Cushman & Wakefield | Thalhimer Brokers Office Condo Sale, Local Colliers Chapter Increases Management Portfolio
Cushman & Wakefield | Thalhimer announced the sale of a Charleston County office asset for $340,000.
New York-Based Co. Buys Hope Valley Square in Durham for $7.7M
An affiliate of DNA Partners of Cold Spring Harbor, N.Y. has acquired the 40,524-square-foot Hope Valley Square retail center in Durham.
$11M Makeover Planned for Joaquin Murrieta Park
In a $1.4 million deal, Charter School Capital, Inc. acquired an 11,308-square-foot retail building at 3434 East Broadway in Tucson.
Chatham to Buy 178-Room Hyatt Place Pittsburgh/North Shore
Chatham Lodging Trust is about to enter Pittsburgh city limits. The hotel REIT just inked a deal to acquire the Hyatt Place Pittsburgh/North Shore from its developer, a joint venture involving Continental Cos. and Rockridge Capital.
Oil-Fueled Norwegian Fund Buys 2.4 MSF Industrial Portfolio in UK
LondonMetric Property Plc, a real estate investment trust, has recently completed the sale of its stake in a large distribution portfolio to a joint venture between U.S.-based Prologis’ European branch and Norges Bank Investment Management.
Muss Development to Build New Foxwoods Resort in Catskills
Foxwoods Resort Casino and Muss Development have signed a partnership agreement to build a destination resort style casino and hotel on a 500-acre site in Liberty, New York.