Development
International: Muse Developments Breaks Ground on $385M M-U Project in London
Lewisham Gateway Developments Ltd., a wholly-owned subsidiary of Muse Developments, broke ground on one of the largest regeneration projects in southeast London, Lewisham Gateway.
Port of San Diego Seeks Developer for Convention-Oriented Hotel & Resort
The Port of San Diego will issue a Request for Qualifications, seeking a developer for a new convention destination resort hotel as part of the Chula Vista Bayfront, considered one of the last great waterfront development opportunities in California.
Megalith, Urban Realty, Carlyle to Build 2 M-F Projects in Brooklyn for $100M
Megalith Capital Management, Urban Realty and an affiliate of The Carlyle Group are teaming up to build two luxury residences in the DUMBO neighborhood of Brooklyn, N.Y.
Transwestern Development Grabs Land for 1.2 MSF Industrial Project in Katy, Texas
Transwestern Development Co. has bought a 74-acre site in West Ten Business Park on Interstate 10 at Cane Island Parkway in Katy, Texas, for an undisclosed amount.
Skidmore, Owings & Merrill to Lead Development of Philadelphia’s 30th Street Station Master Plan
Skidmore, Owings & Merrill, in association with Parsons Brinckerhoff, OLIN and HR&A Advisors, has been chosen to develop a comprehensive joint master plan for the area around Philadelphia’s 30th Street Station by Amtrak, Drexel University and Brandywine Realty Trust.
GFI Development, GB Lodging Secure $350M in Financing for Manhattan’s The Beekman
Plans to convert the historic 5 Beekman St. in Lower Manhattan into a luxury lifestyle hotel with an adjoining condominium tower are moving forward now that the property owners and their joint venture partner have secured $350 million in financing.
International: Oberoi Partners with Ritz-Carlton on M-U Worli Development in Mumbai
The Ritz-Carlton Hotel Co. has signed a long-term management agreement with Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, to open the first Ritz-Carlton in Mumbai.
Ballymore Seeks JV Partner for $3.4B Residential Development Portfolio in London
International property development company Ballymore has launched the search for a joint venture partner to finance and develop three large-scale residential projects in East London.
International: Salvo to Develop $259M M-F Tower in Melbourne
Salvo Property Group, a leading Australian development company focused on building affordable luxury properties, has appointed Brookfield Multiplex to design and construct Platinum Tower, a $259 million multi-family tower in Melbourne.
International: Prologis to Develop 3 New Logistics Facilities in Japan
Leading owner, operator and developer of industrial real estate Prologis is set to build three new inventory logistics facilities in the Tokyo area.