Business Specialties
Gulf Related to Launch 2 MSF M-U Project in Abu Dhabi
Al Maryah Island, Abu Dhabi’s blossoming new central business district, continues to grow by leaps and bounds and Gulf Related is making a big contribution with a new $272 million project.
Google to Develop New HQ in London’s King’s Cross
Tech giant Google is looking to cement its position in the European market, particularly the hot London business world, by announcing that the company is looking to develop a brand new European HQ.
Ivanhoé, TPG JV Buys Trophy London Office for $400M
Ivanhoé Cambridge, of Montreal, and TPG, a leading global private investment firm, have acquired Woolgate Exchange, a trophy office building in London’s business district, for close to $400 million.
Scenes from the California Best Buildings Challenge
A slideshow featuring participants in the USGBC’s California Best Buildings Challenge.
Case Studies: Experimenting at Integral, Adobe, Genentech
The U.S. Green Building Council signed on 13 sustainability-minded companies to participate in its California Best Buildings Challenge. Three participants offer details on their strategies.
RXR Signs NNN Lease for Manhattan’s 75 Rockefeller Plaza
Big plans are in the works for 75 Rockefeller Plaza in Midtown Manhattan, now that owner 75 Plaza has turned over a leasehold interest to RXR Realty under a 99-year, triple-net-lease agreement, the financial terms of which have not been disclosed.
TCC, Principal to Develop New 456 KSF BTS in Houston
Leading independent energy company Noble Energy has hired the joint venture of Trammell Crow Co. and Principal Real Estate Investors to develop Noble Energy Center Two, a 456,000-square-foot office building located in Houston’s Northwest submarket.
Starwood’s Move into Special Servicing Amid Distress Level’s Continued Drop
There were several motivations for the just-announced $1.05 billion purchase of LNR Property by Starwood Property Trust and Starwood Capital Group. The one that seems to have gotten the most attention, though, was the opportunity the acquisition gives Starwood to move into special servicing.
Mack-Cali Constructing M-U Development Project in East Boston
The Roseland subsidiary of the Mack-Cali Realty Corp. has commenced construction on Portside at Pier One, a 176-unit luxury apartment project on the East Boston waterfront.
George Smith Partners Secures $185M in Financing for Retail Portfolio
DJM Partners has refinanced a four-property retail portfolio in Southern California with $185 million in financing arranged by the Los Angeles-based real estate investment banking firm George Smith Partners.