Development
InterContinental to Occupy Korean Air’s $1.1B Wilshire Grand Skyscraper in LA
The 73-story, 1,100-foot-high Wilshire Grand hotel will be the tallest building in the Western U.S.
Venable Pre-Leases 250 KSF in New Washington Office Building
In the first quarter of 2017, Venable L.L.C., a national law firm, will move its Washington, D.C., headquarters to a building under construction at 600 Massachusetts Ave., N.W.
INTERNATIONAL: URBN Shanghai Reopens After Renovations
Cachet Hotel Group has reopened URBN Hotel, Shanghai’s award-winning eco-boutique hotel, following a series of renovations.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center.
Akridge, Mitsui Fudosan Complete 170 KSF Office Project in Washington, D.C.
Akridge and Mitsui Fudosan America have just opened the doors of the new 1200 Seventeenth St., N.W.
INTERNATIONAL: Scandic Will Manage New Hotel in Oil-Industry City
Scandic announced it will manage the new Scandic Stavenger Congress Hotel, which is under development in downtown Stavenger, Norway.
Update: JCR Capital Obtains $105M for Middle-Market Fund
JCR Capital’s JCR Capital Commercial Real Estate Finance Fund III L.P. is targeting a total capitalization of $250 million for middle-market sponsors typically overlooked by institutional capital.
Capital One Wraps $277M Loan Syndication for Brooklyn M-F Tower
The 554-unit high-rise will mark the final phase of Douglaston Development’s Edge mixed-use project in the Williamsburg section of Brooklyn, N.Y.
INTERNATIONAL: Amazon to Open 431,000-SF London Office in 2017
Amazon Inc. recently announced plans to depart its U.K. base of 16 years in Slough, Berkshire, and move to a brand-new office in east London in 2017.
INTERNATIONAL: Kempinski Plans November Debut for Luxury Hotel in Myanmar’s Capital
Europe’s oldest luxury hotel group, Kempinski Hotels, will open its first property in Myanmar on Nov. 1.