Business Specialties
Pelli to Design M-U Building for Wall Street Church
Pelli Clarke Pelli Architects will design a 296,000-square-foot mixed-use development for Trinity Wall Street, the historic Episcopal parish in Lower Manhattan.
Grosvenor Americas Grabs 195-Unit M-F Property in Bay Area
Grosvenor Americas has just entered the apartment market in the California Bay area with the acquisition of Carlmont Woods Apartments in Belmont.
Carlyle, Townsend to Invest $200M in JV with Shanghai Yupei to Develop Warehouses in China
Citing the growth of the logistics sector in China, The Carlyle Group and The Townsend Group are investing $200 million in a strategic partnership with Shanghai Yupei Group that will funnel a total of $400 million to 17 projects and acquisitions in China’s main cities.
LifeEdited to Develop Micro-Apartment Project in Sao Paulo
A specialty consultant to architects and developers, LifeEdited Inc. plans to develop a new 18-story, 86-unit micro-apartment project in Sao Paulo, dubbed as VN Quata.
H&M Takes 63 KSF Flagship Spot at Re-Envisioned Herald Center in NYC
JEMB Realty’s long-held vision for Herald Center, its 250,000-square-foot office and retail property at the intersection of 34th Street and Broadway in Manhattan, is coming to fruition. The 10-story tower has landed fashion retailer H&M for occupancy of a prominent 63,000-square-foot wraparound retail space under a 25-year lease agreement.
Ivanhoé Cambridge Ends Phase II Redevelopment of Shopping Center in Metro Vancouver
Ivanhoé Cambridge completed Phase II of the redevelopment of its fully-owned Guildford Town Centre, located in Surrey, British Columbia, the fastest growing municipality in Metro Vancouver and Western Canada.
Time Equities Gets $398M to Start Manhattan High-Rise
Time Equities, of New York, has secured $288 million in construction financing for 50 West St., a 63-story residential condominium tower that will start construction in Lower Manhattan this fall.
Hyatt Buys Peabody Orlando for $717M
Hyatt Hotels Corp. has acquired The Peabody Orlando, a 1,641-key hotel, from UST Hotel Joint Venture for $717 million and will rebrand it as the Hyatt Regency Orlando Convention Center.
CBRE Tapped to Manage London’s Gherkin
CBRE Group is taking over management of the 516,668-square-foot, 40-story skyscraper in central London known as The Gherkin. One of the world’s most iconic commercial buildings, the mixed-use high-rise is nearing its 10th anniversary.
Hines-Managed Coca-Cola Building in Rio de Janeiro Receives Brazil’s First LEED-EB Silver Certification
The 19-story office building that has housed the soft drink manufacturer’s Brazilian administrative HQ, since 2003 has become the first building in the country to obtain LEED-EB Silver certification.