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Oxford Properties to Build $3.5B Mixed-Use Project in Toronto
The 4.3 million-square-foot development, dubbed Union Park, will rise in the heart of Toronto and will be the largest project of its kind in the city’s history.
Levcor Refinances Houston Entertainment Center
JLL’s Capital Markets team secured the $68 million loan, which will recapitalize existing debt. LoanCore provided the non-recourse, floating-rate financing.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
Short-Term Rentals Costing States Millions: Report
A study commissioned by the American Hotel & Lodging Association contends that Airbnb’s agreements with state and local jurisdictions will cost millions in lost tax revenue.
Investcorp Grows Germany Presence With $97M Buy
The Bahrain-based company continues its European expansion with the purchase of Airport Centre, a 376,700-square-foot office and industrial property in Hamburg.
Kenco Logistics Signs 580 KSF Lease in the Inland Empire
One of the largest woman-owned, third-party logistics firms in the country, the company will move into a 700,000-square-foot building in Perris, Calif., later this year.
The Rise of the Multi-Generational Workforce
Five generations are changing the dynamics of the workplace, said Erik Lucken of RSP Architects at the BOMA International Conference & Expo.
CTP to Receive $2B for Czech Industrial Portfolio Refi
Czech developer CTP has reached an agreement with multiple lenders, marking the largest real estate transaction in Central and Eastern Europe this year.
Orgill to Build $68M Distribution Center in New York
Billed as the world’s largest hardlines distributor, the company plans to build its first facility in the Northeast in the upstate city of Rome.
EQ Office Completes $32M Renovation of LA Campus
The Blackstone affiliate has transformed Playa District into a 1.4 million-square-foot property emphasizing lifestyle and wellness experiences.