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Liberty Property Trust Sells Philly Office Asset for $99M
The University of Pennsylvania’s health system, the property’s sole tenant, bought the Center City tower in a reportedly record-breaking deal.
Q&A: JLL’s Ulbrich on HFF Buy and Beyond
Christian Ulbrich sets the stage for JLL after its acquisition of HFF and shares his expectations for the capital markets in the context of a possible economic slowdown.
Google Breaks Ground on $600M Las Vegas Data Center
The search engine giant is building the 750,000-square-foot facility in Henderson on 64 acres purchased in early 2018.
Investcorp JV Sells Seattle Office Tower for $305M
The Bahrain-based firm, along with Schnitzer West, sold the Class A asset in the city center to Vanbarton Group after three years of ownership. The 41-story building is fully occupied.
Luxury Hotel Joins New Rochelle’s Renewal
The $64 million TRYP by Wyndham is part of the city’s 12 million-square-foot revitalization and will be the largest hotel built in Westchester County, N.Y., in two decades.
Mixed-Use Opportunity Zone Project Breaks Ground in Orange County
Primior is building First Harbor Plaza in Santa Ana, Calif., the first of two developments the company is planning in the city.
Allianz, VGP Form $1.9B European Logistics JV
Through the new investment vehicle, the partners will focus on premier facilities developed by VGP in Austria, Italy, the Netherlands, Portugal, Romania and Spain.
EQ Office Grows Seattle Footprint in $1.2B Deal
The company acquired two 1980s-vintage, Class A office towers and plans to reposition them. The move more than doubles the firm’s square footage in city.
Google’s Canada Home to Add $120M Expansion
The search giant is reportedly more than doubling its office footprint in the adaptive reuse project in Kitchener, Ontario. Allied Properties REIT and Perimeter Development Corp. will build the 11-story project.
JLL Closes on $1.8B Acquisition of HFF
The cash-and-stock deal between the two firms was first announced back in March. HFF’s shareholders approved the deal on Monday.