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Sumitomo Corp. of Americas Eyes Phoenix for Major Expansion
SCOA purchased Collier Center, a 2.8-acre mixed-use development in the city’s CBD.
Mitsui Fudosan Lands 100 KSF Manhattan Lease
The American arm of the Japanese real estate giant enticed Akerman to expand into its signature Midtown skyscraper.
The December Digital Issue of CPE Is Now Available!
Now you can get trend and strategy insights two different ways: Leaf through the Commercial Property Executive digital digest for a quick read or click on individual articles below for an in-depth look at the topics that most interest you.
Gazit Globe JV to Buy Toronto’s York Mills Centre for $190M
The Tel Aviv-based company and Gazit TripLLLe Canada will acquire a majority stake in the 570,000-square-foot mixed-use office complex.
The Magnetism of Medical Office Buildings
Institutional investors are stepping up activity in MOBs, attracted by demand for health care, steady occupancy and rising rents, CBRE reports.
Retail Remains Resilient
JLL’s third-quarter report on the retail sector showed that vacancy has remained flat and rents are rising, but the growth will likely slow in the coming months.
Four Seasons’ Debut in New Orleans
Carpenter & Co. and Woodward Interests are converting the long-vacant World Trade Center New Orleans into a luxury hotel with upper floors for private residences.
A Noble Deal in Yale’s Backyard
The 135-key New Haven Hotel near Yale University has come under the ownership of Noble Investment Group.
Starwood Capital Enters UK Industrial Market With $260M Deal
The company has acquired a 10-property portfolio comprising 1.6 million square feet in urban areas like Oxford, Birmingham and Glasgow.
Foulger-Pratt, USAA Real Estate to Break Ground on $200M Tower
The companies are planning to deliver the 25-story Northern Virginia project in 2021.