Development
INTERNATIONAL: Tristan Capital, STAM Europe Open $130M Office Campus in Central Paris
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
MetLife, Panattoni JV to Develop 900 KSF of Industrial Parks in Seattle Area
MetLife is partnering with Panattoni Development to build three new industrial distribution parks in the Seattle area for $63 million.
Hilton Sells Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. Ltd. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings Inc. for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
INTERNATIONAL: Brookfield Multiplex to Build $187M Hospital in New South Wales
Brookfield Multiplex is set to develop the largest infrastructure project in the Bega Valley Shire in New South Wales –a new $187 million hospital.
Melo Group Lands $67M Loan for Market-Rate M-F High-Rise in Miami
Melo Group has secured $67 million in financing for construction of Melody, a 497-unit market-rate apartment tower that will sprout up in downtown Miami.
INTERNATIONAL: Hines Launches $250M M-F Program in India’s Urban Areas
Global real estate firm Hines is launching Hines India Residential, with the purpose of investing in multi-phased, for-sale residential developments that require long-term equity capital.
$2B Miami Mixed-Use Project Takes Big Step Forward
The $2 billion Miami Worldcenter, one of the largest private real estate developments underway in the U.S., has just moved one significant step closer to realization.
Sustainable Contribution: Panasonic Marks One Year in Newark
One year ago, Panasonic Corp. of North America moved to Two Riverfront Plaza in Newark, N.J., built to be highly sustainable and in a location intended to benefit the community as much as the company. CTO Todd Rytting sat down with CPE to offer insights into the process and results.
CREW Network Lauds 2014 Award Winners at Annual Convention
CREW Network announced the winners of its Impact Awards and the organization’s highest honor, the Circle of Excellence award, at its annual Convention & Marketplace, which took place Sept. 30 through Oct. 2 in Miami Beach. The top award went to global law firm Norton Rose Fulbright.
Wyndham to Open First Upscale Hotel in Kenya
New Jersey-based Wyndham Hotels and Resorts, a subsidiary of Wyndham Worldwide recently signed a management agreement for its first upscale hospitality property in Africa