Development
Starwood’s W Hotel Flag to Fly in Australia Again
Nearly 10 years after exiting Australia, Starwood Hotels & Resorts Worldwide Inc.’s W Hotels Worldwide brand will soon have a presence in the country again.
INTERNATIONAL: Kyocera Joint Venture Plans World’s Largest Floating Solar Power Plant in Kato City
The joint venture between Kyocera Corp., Century Tokyo Leasing Corp. and Ciel et Terre International
will build two separate floating solar platforms.
Related California Forms New Division
Related California has created Related California Urban Residential, a new division to support the firm’s future market-rate and luxury residential development activity.
St. Anton Partners Inks $96M Construction Loan for Facebook Co-Designed Apt. Project
St. Anton Partners, of Sacramento, has closed on a $96 million construction loan from U.S. Bank for the 394-unit Anton Menlo Apartments.
Economy Watch: Home Prices, Construction Spending, Purchasing Managers Index
Home prices, including distressed sales, increased 7.4 percent in July 2014 compared with the same month a year earlier, while construction spending increased to an annualized rate of $981.3 billion and the purchasing managers index increased 1.9 percentage points in August.
Citizens Financial Leads $296M Financing for 1.2 MSF Chicago Office Project
Citizens Financial Group has paved the way for the O’Donnell Investment Co.’s $500 million development of 150 N. Riverside, a nearly 1.4 million-square-foot office high-rise in Chicago’s coveted West Loop submarket.
$80M Hilton Dallas/Plano Granite Park Hotel Opens in Texas
The $80 million Hilton Hotels & Resorts property brings 299 guest rooms to the 90-acre mixed-use locale in Plano.
Barclays Picks Metro Dallas Office Park for U.S. Tech Center
In a milestone for a major master-planned community, Barclays Bank has taken 40,000 square feet of Class A space for its U.S. technology center at Craig Ranch in McKinney, Texas.
The September digital issue of CPE is now available!
Special Focus: Investment and the Capital Markets
AGC Releases Report on Construction Employment
A new study from the Associated General Contractors of America found that construction employment expanded in the majority of U.S. metro areas, though growth remains sluggish or nonexistent in certain markets.