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Inside JLL’s $2B Deal for HFF
The proposed deal is expected to help the buyer accelerate its plan to double its capital markets business, as well as boost its debt advisory business in Europe and the Asia Pacific region.
Former Toys R Us Headquarters in NJ Changes Hands
The ownership group that acquired the property plans to transform the 621,000-square-foot campus built in 1962 into a multi-use site.
JLL to Acquire HFF for $2B
The global real estate giant will purchase the Dallas-based brokerage firm in a cash-and-stock deal expected to close in the third quarter.
$1.7B Convention Center Expansion Underway in Seattle
Clark Construction and joint venture partner Lease Crutcher Lewis are handling the development of Summit, the 1.4 million-square-foot addition to the meetings and events facility.
Platinum Eagle Completes $1.4B Merger
The new company, Target Hospitality, now holds a major portfolio of housing facilities serving the oil and gas industry, amounting to a 20 percent share of this niche market.
Skanska to Build Scandinavia’s 1st Net-Zero Hotel
Working on behalf of Fabege, the company will develop a $51 million property in Solna, scheduled for completion in 2021.
Manhattan Spec Office Gets $40M Construction Loan
HFF arranged the financing for the 10-story, 34,364-square-foot building. Construction is set to begin next month and the property is slated for completion in 2020.
HREC Brokers Midwest Hotel Portfolio Sale
Acting on behalf of The Raymond Group and North Central Group, the firm sold three Hampton Inn properties in Wisconsin and Iowa.
State Farm Insurance Sells NJ Office Asset
The firm sold a five-story, Class A trophy asset in Parsippany to a private buyer. HFF negotiated the deal on behalf of the seller, while Transwestern represented the buyer.
Hudson Yards Officially Opens in NYC
Related Cos. and Oxford Properties Group formally introduce the largest private real estate development in U.S. history, a brand-new neighborhood on Manhattan’s Far West Side.