Business Specialties
Shell Re-Ups, Signs "Largest Lease Transaction in the World" in Houston
In what Hines is calling the “largest lease transaction in the world in 2011,” the firm’s Houston office has re-signed Shell Oil Co. for a 1.2 million-square-foot lease.
TF Cornerstone Gets $265M Loan for Long Island City Project
TF Cornerstone has secured $265 million in financing from a consortium of four banks for the development of 4545 Center Blvd, an 850-unit luxury apartment high-rise that will sprout up in Long Island City, Queens.
Breaking News: Equity Residential to Pick up $1.3B, 26.5% Ownership in Archstone
In a huge move for the Sam Zell-helmed Equity Residential, the firm has entered into a contract for a 26.5 percent ownership stake in Archstone, a privately held owner, operator and developer of multi-family apartment properties.
$4B Better Buildings Challenge Unites Government, Private Sector
Saying “we can’t wait for Congress to act,” President Obama on Friday announced that over the next two years, nearly $4 billion in combined federal and private-sector money will be surging into energy upgrades to buildings.
PCCP Provides $69M for Salt Lake City Mall Renovation
In a renovation deal that will be ready for next year’s holiday season, PCCP announced last week that it provided a $69.2 million senior loan to recap and improve Salt Lake City’s Valley Fair Mall.
Washington REIT to JV with Trammell Crow on $95M Virginia Apartment Community
Capitalizing on the growing demand for residential rentals in metropolitan Washington, D.C., Washington Real Estate Investment Trust has entered into a joint venture with Trammell Crow Co. to build an apartment high-rise in Alexandria, Va., for $95 million.
Forest City to Lead 119-Acre Atlanta Transit Development
Plans are in the works for a major mixed-use, multi-modal transportation hub in Atlanta and Forest City Real Estate Asset Services is onboard to spearhead the project.
Blackstone’s Jonathan Gray Tops CPE Awards as Executive of the Year
Jonathan Gray took away top honors in this year’s CPE Executive of the Year awards, leading an impressive line-up of smart executives that have managed to thrive in the face of historic economic volatility.
In Depth: Lance Capital's Creative Financing Drives Brooklyn's 470 Vanderbilt Lease
While the ink has cooled on the lease signing at Brooklyn’s 470 Vanderbilt project, CPE was able to sit down with Lance Capital to see how creative financing terms pushed the deal through with the anchor tenant, the New York City Human Resources Administration.
Prologis Signs Tenant for 303 KSF at Phoenix Industrial Distribution Facility
Prologis has secured discount fashion retailer TJ Maxx as a tenant to occupy the entirety of Prologis Tolleson Distribution Center 1, a 302,600-square-foot facility in metropolitan Phoenix.