Development
Culver City Creative Office Campus Development Breaks Ground
A new Culver City office campus officially broke ground recently when developer Hackman Capital Partners LLC kicked off the construction of its WorkScapes at the Hayden Tract facility. The project includes the renovation and conversion of three different industrial buildings, operation for which the company has also recently secured a senior loan from Deutsche Bank. The space will be turned into creative offices that would match current market standards for facilities in the Westside. Continue reading →
Dubai Hills Unveils $3B Master-Planned Project in MBR City
Emaar Properties and Dubai Holding have unveiled Dubai Hills, the first project in the Mohammed Bin Rashid City (MBR City), the largest joint venture in the region’s real estate sector.
Hines Opens Landmark Project in Milan
International real estate firm Hines has announced the opening of a new 161,400-square-foot public space at its 71-acre master-planned Porta Nuova project in Milan, Italy.
KDC Moves Ahead on $1.5B M-U Project in Metro Dallas
Rezoning has been approved for Dallas-based KDC’s $1.5 billion, master-planned, mixed-use project in Richardson, Texas, clearing the way for the company to acquire the needed 186 acres of land and move forward with the development.
Hilton Worldwide to Open First Dual-Branded Property in France
Hilton Worldwide plans to develop its first dual-branded property in France. Located near Disneyland Paris in Val d’Europe, the dual-branded Hilton Garden Inn and Hampton by Hilton Val d’Europe will also be the first development of its kind in Europe.
Thor Urbana Capital Launches $500M Investment in Mexico
Thor Urbana Capital is launching a major investment project, estimated at around half a billion dollars, across Mexico.
Starwood Hotels & Resorts Opens First Le Méridien Hotel in Mexico City
Starwood Hotels & Resorts Worldwide, Trinity Investments and Terra Investments have announced the opening of the first Le Méridien Hotel in Mexico City.
European Hotels Get $200M Facelift Continent-Wide
A number of European properties, part of The Luxury Collection Hotels & Resorts, are in different stages of renovation and restoration, as a result of a continent-wide operation worth $200 million.
Jordan’s Highest Residential Tower Tops Out
Jordan’s future tallest residential tower is well on its way to completion, with developer DAMAC Properties announcing the topping out of the 36-story The Heights.
Related Cos.’ Hudson Yards Breaks Ground on 26-Acre Manhattan Site
After years in the planning stages, construction of New York City’s largest private development since Rockefeller Center finally got underway Tuesday as city officials joined leaders of Related Cos. and Oxford Properties Group at the groundbreaking of the 26-acre, mixed-use Hudson Yards project.