Business Specialties
Harrison Street Launches Securities Division
The acquisition of Transwestern Securities Management, a division of Transwestern Investment Co., brings the firm to a combined assets under management of more than $2.7 billion.
Jones Lang LaSalle Lands Beaumont Partnership
The new venture, Jones Lang LaSalle at Beaumont Hospitals, will allow Beaumont to operate in a more cost-effective manner and provide enhanced patient services.
AFIRE Survey: U.S. Offers Foreign Investors Bang for Their Buck
Foreign real estate investors would do well to look toward U.S. shores, according to the Association of Foreign Investors in Real Estate’s 19th annual survey. AFIRE, which surveys respondents holding more than $627 billion in global real estate, including $265 billion in the United States, found that investment opportunities are stronger than they have been for the last decade.
Brookfield Closes on Sale, $120M Financing of Chicago Office Building
Brookfield Asset Management sold 300 S. Riverside Plaza, a Class A office building in Chicago’s West Loop submarket.
Myriant to Build at Louisiana Port
Myriant Technologies’ new $80 million, 392,000-square-foot sustainable chemical manufacturing facility at the Port of Lake Providence will be the largest bio-based succinic acid refinery in the world.
Meridian Nails Down $200M in Financing for NYC Tower
After being lost by high-profile real estate investor Harry Macklowe in a foreclosure auction, 1330 Avenue of the Americas is being refinanced by its new owner.
Will Triple Five Be the Charm for Xanadu?
If Triple Five can transform New Jersey’s stalled $2 billion project from a costly white elephant into a thriving retail and destination center, the Canadian firm will pull off a feat that eluded two previous developers.
AMB Closes $422M Brazil Fund
The fund aims to develop, acquire, own, operate, manage and dispose of logistics properties within Sao Paulo and Rio de Janeiro.
Duncan, Helm Co. Complete Merger
The two companies have joined forces to offer real estate brokerage, property management and consulting services in Kentucky and Southern Indiana.
Chartres, Morgan Stanley Acquire Ocean Resort Waikiki
The joint venture has plans to completely renovate, rebrand and reposition the 33-year-old property, which is located on the island’s Diamond Head end. Renovation will include all public spaces, the pool deck and the guest rooms.