CPE’s Top 5 Articles in October
Miss out on any CPE stories in October? Here are five of our most popular articles for the month, including news on billion-dollar development projects in Los Angeles and Chicago.
Chicago Mixed-Use Lands $1.2B Research Hub
Rendering of Discovery Partners Institute at The 78 in Chicago
The 78, Related Midwest’s 62-acre master-planned development, will become home to The University of Illinois System’s innovation center, Discovery Partners Institute.
Top 50 Development Firms
Development firms leading the Year-End 2016 CPE-MHN Top Developers ranking posted robust construction growth and geographic and property-sector diversity.
Net Lease Cap Rates Trend Lower
After two consecutive quarters of increasing cap rates, the single-tenant net lease sector saw cap rates decline across retail, office and industrial property types, as competition heats up, notes The Boulder Group President Randy Blankstein.
CBRE to Acquire Heery International
The company is buying the project management solutions provider from Balfour Beatty LLC for $57 million. Heery President Theodore Sak and COO Glenn Jardine will remain on board when the deal closes later this year.
Westfield to Debut $1B Century City Redevelopment in LA
With its big-ticket beautification process coming to a close, the 1.3 million-square-foot shopping center will have a grand opening on Oct. 3, presenting visitors with an additional 422,000 square feet of retail space, new outdoor plazas and a host of unique offerings, including the world’s first permanent Uber Lounge.
Image courtesy of University of Illinois System
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