Business Specialties
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.
Select Property Sells Majority of Residences at West Avenue in Dubai Marina
Just five months after launching the project, Select Property has sold more than 90 percent of the units at West Avenue, the first new residential tower in Dubai Marina since 2008.
Franklin Street Buys Atlanta Office Tower from Jamestown for $158M
Franklin Street Properties has purchased the Class A office tower at 999 Peachtree in Atlanta from Jamestown Properties for $158 million.
C&W: Robust First Half Sets Stage for Strong 2013 in Manhattan
Leasing volume is up 11 percent year over year, average Class A asking rents top $75 per square foot in Midtown South and an average $178 million office sale price signals “the return of the mega-deal.”