Business Specialties
UA to Move HQ to Willis Tower, Space to Total Over 800 KSF
United Airlines will be moving into Chicago’s iconic Willis Tower in what is reported as the largest office lease transaction in the city’s history.
American Assets Set to Snap Up City Center Bellevue in Deal Worth $229M
By Alex Girda, Associate Editor City Center Bellevue is the object of the latest large office property purchase in the greater Seattle area, after American Assets Trust Inc. made a grab for the high-rise building. The full-service, vertically integrated and self-administered real estate investment trust is reportedly set to acquire the downtown property for a […]
Construction Projects to Create 170 New Jobs
By Adrian Maties, Associate Editor At the beginning of the year, Rough Brothers Inc., a greenhouse design and manufacturing firm, started looking for new space to relocate its headquarters from Vine Street, in St. Bernard, and expand its operations. The search is now over. The company recently agreed to purchase 20.5 acres of vacant land […]
Cervalis to Lease BTS Data Center in Connecticut
Cervalis LLC will lease a new-construction data center and disaster recovery center in Norwalk, Conn. The project is the largest lease in the county so far this year.
Parmenter Closes Office Fund with $1B in Buying Power
Parmenter Realty Partners has closed its fourth investment fund with more than $300 million capitalization, which will allow the company a $1 billion office property spree.
Hilton Plans Triple-Flag Hotel Village in Canada
Hilton Worldwide is currently building three new hotels in Canada in the same location. All three edifices will be united by exterior parkways and an underground parking facility.
Houston's Iconic Williams Tower Goes Up for Grabs
Hines REIT tapped Jones Lang LaSalle to help it sell its famous Williams Tower in Houston. The city landmark boasts 1.4 million square feet of office property and has been owned by the REIT for the past four years.
Harbor Group Spends $131M on Four-Property Multi-Family Portfolio in Nashville
Harbor Group International added a four-property portfolio in Nashville to its multi-family collection. The latest purchase is not the end for HGI, which vows to continue pursuing apartment portfolio buys.
Seniors Housing Portfolio Attracts $70M Loan from Prudential Mortgage Capital
Prudential Mortgage Capital Co. has footed $70M for a joint venture by two seniors housing communities to build a five-property portfolio, seeing increasing demand for senior housing as an opportune time to invest in such projects.
Canadian Investor Develops Brazilian Shopping Center; Expands Existing Local Asset
Ivanhoe Capital has invested in another Brazilian shopping center, developing in the higest-rated suburban area of Sao Paolo, in addition to expanding another shopping center currently underway.