Development
NorthPoint to Redevelop Former General Motors Property in Ohio
RACER Trust has sold a 173.5-acre site adjacent to the General Motors Lordstown Assembly Plant in Lordstown, Ohio, to NorthPoint Development, which will transform the formerly vacant property into a 1.5 million-square-foot industrial park.
Shubin Nadal, DRA to Rebrand 800 KSF Office, Industrial Property in L.A.
Shubin Nadal Realty Investors has teamed with DRA Advisors on the acquisition of the 44-acre Harman International Business Campus located in the heart of the San Fernando Valley area of Los Angeles, and will rebrand the property as “The Campus.”
INTERNATIONAL: Hard Rock Hotel Dubai Marina to Open in 2015
Hard Rock International, Abu Dhabi Financial Group and Sheffield are building a Hard Rock Hotel on the first 33 floors of Dubai’s Marina 101 tower.
Massachusetts Ballot Initiative Opens Door to $800M MGM Resort in Springfield
Two days after voters gave a thumbs down to a ballot measure repealing the 2011 law that allows gaming resorts in the state, the Massachusetts Gaming Commission approved a license to MGM Resorts International to operate MGM Springfield, an $800 million resort casino.
CBRE Secures $100M Loan for Netflix HQ in Silicon Valley
The Debt & Structured Finance team of CBRE Capital Markets has secured a $100 million construction loan for The Grove, in Los Gatos, Calif.
Simon Breaks Ground on M-U Commercial Center in Tucson Suburb
Simon Property Group has broken ground Friday morning on Tucson Premium Outlets, a 366,000-square-foot mixed-use commercial center in Marana, Ariz.
Duke Land Group Unveils Plans for 104-Acre M-U Community in Roswell, Ga.
Duke Land Group has a big plan for the suburban Atlanta town of Roswell, Ga.–a sprawling 104-acre plan.
INTERNATIONAL: Trump to Build Trump International Hotel & Tower in Baku, Azerbaijan
Trump Hotel Collection is set to develop Trump International Hotel & Tower in Azerbaijan. The 33-story luxury resort will be located on Hasan Aliyev St. in the Nasimi District of Baku.
Village Green to Transform Historic Cincinnati Office Building into M-U Property
Luxury apartment owner Village Green has acquired the historic office building at 309 Vine St. in Cincinnati, with plans of redeveloping the 300,000-square-foot property into a mixed-use apartment destination.