Business Specialties
L’Oréal, SAP Take 500 KSF of Office Space at NYC’s Hudson Yards
The South Tower at the 13 million-square-foot mixed-use project being developed by Related Cos. and Oxford Properties Group has just reached a total of 80 percent in occupancy commitments with two new lease agreements.
NY Developer Plans Boutique Gay-Friendly Hotel in Boystown
New York-based Parkview Developers LLC plans to open a gay-friendly hotel in the heart of Boystown. The approximately 112-room hotel would be located on the 3300 block of North Halsted Street and would be called Out Chicago, according to Ian Reisner, managing partner of the development firm.
Ivanhoé JV Joins Goldman, Greystar in 27 M-F Properties
Ivanhoé Cambridge has made its largest multi-family investment, joining a partnership of Goldman, Sachs & Co. and Greystar in the $1.5 billion acquisition of 8,010 multi-family units from Equity Residential.
Decade-Long M-U Development in Inland China Completes 13th Phase
A decade-long development effort by Sunac Real Estate was recently commemorated during a ceremony organized by the developer.
GlaxoSmithKline Sets Up Shop in New 208 KSF Home in Philly’s Navy Yard
A mere 18 months after Liberty Property Trust and Synterra Partners broke ground on GlaxoSmithKline’s new 208,000-square-foot office building, located in the Navy Yard Corporate Center at the Philadelphia Navy Yard, the pharmaceutical giant has settled into its new digs.
AG-Metropolitan JV Sells BJ’s, LA Fitness Condo Units on Long Island for $66M
Entities controlled by The Hampshire Companies have purchased a BJ’s Wholesale Club and LA Fitness condominium units at Garden City Square in New York for nearly $66.3 million from AG-Metropolitan 711 Stewart Avenue, a joint venture of Metropolitan Realty Associates and Angelo, Gordon & Co.
Union Bank to Acquire PB Capital’s $3.7B CRE Portfolio/Platform
Union Bank N.A. has reached an agreement to acquire the $3.7 billion institutional CRE lending portfolio and platform of PB Capital Corp.
Interserve, Tiger Developments JV to Build $300M M-U Project in Edinburgh
Britain’s Interserve Plc has signed a joint venture deal with Scottish landowner Tiger Developments to construct and invest in the Haymarket area of Edinburgh.
Jamestown Acquires Retail/Office Portfolio in Downtown San Luis Obispo, Calif.
Jamestown has acquired more than 200,000 square feet of retail and office space in downtown San Luis Obispo, Calif., from Copeland Properties.
