Development
Australian Lend Lease to Redevelop $2B Project in the ‘Elephant & Castle’ Area of London
Sydney, Australia-based Lend Lease Group has been granted planning permission from the Southwark Council for a redevelopment project that will feature 284 new homes in the Elephant & Castle area of London.
Hyatt to Open First Hyatt Regency-Branded Hotel in Bangkok
Hyatt Hotels Corporation has announced plans to open its first Hyatt Regency-branded hotel in Bangkok, to be completed in 2017.
Boston-Based Sibley Acquires 2 MSF Historic Rochester M-U Property
Sibley Redevelopment L.P., an affiliate of WinnDevelopment, the real estate development arm of WinnCompanies, acquired the Sibley Building, located in the central business district of downtown Rochester, N.Y.
CPPIB Expands into Brazil with Global Logistic Properties Partnership
Canada Pension Plan Investment Board announced its entering into a JV with Global Logistic Properties, the world’s second largest owner of industrial property, entailing the purchase of two Brazilian logistics portfolios.
Zeckendorf Kicks Off Development of $500M Condo Project Near United Nations
A groundbreaking event has marked the start of 50 United Nations Plaza, an upscale condominium property adjacent to the United Nations headquarters in Manhattan.
Ningxia International Conference Center–Bringing China and Islam Together in More Ways than One
The China-Arab States Economic and Trade Forum is set to move into a new home, as the Ningxia International Conference Center is well into its development process.
Muss Signs FEMA to 200 KSF Lease for Sandy Regional HQ in Queens; IndCor Donates Space to Red Cross
FEMA has leased about 200,000 square feet at Forest Hills Tower in Queens to serve as its New York City headquarters while it helps residents and business owners in the region recover from Superstorm Sandy. At the same time, IndCor Properties donated 126,000 square feet of space to the American Red Cross, located near hard-hit areas.
344 KSF Masdar, International Renewable Energy Agency HQ Break Ground
Masdar City, the low-carbon, low-waste, emerging cleantech cluster and one of the most sustainable communities and mixed-use developments in the world continues its trailblazing development in United Arab Emirates.
Greystone, Bassuk Form JV to Focus on ‘Creative’ M-F Financing
Greystone and The Bassuk Organization, both of New York, have formed a joint venture intended to provide expanded real estate and financial services, including “creative debt and equity financing,” to CRE clients with multi-family assets across the United States.
Oxford Properties to Build $3B M-U Redevelopment Project in Downtown Toronto
Oxford Properties Group, one of Canada’s largest pension funds, has unveiled its proposal for a $3-billion-plus mixed-use project in downtown Toronto.