Featured
Balfour Beatty Lands $581M Contract in Texas
The company will advise the Texas Facilities Commission on construction of the first phase of the state office and promenade project in Austin.
Brandywine Breaks Ground on $3.5B Philly Project
The firm will begin construction on the first phase, which will comprise educational facilities, research laboratories, corporate offices and more. Brandywine is partnering with Drexel University on the master-planned project.
SOMA Office Building Commands $27M
Situated in a growing tech hub in San Francisco, 945 Bryant Street boasts open floor plates, 15-foot ceilings and plenty of natural light. The transaction is Bridgeton Holdings’ fifth in the city and second this year.
Redeveloping Malls: An $8B Trend
A recent study by JLL shows that mall owners are investing billions in renovating their assets to meet the needs of the modern consumer. While these projects come with risks, the report makes a case for their rewards.
CBRE: Mideast CRE Spending Tops $10B
The U.S. was the top destination year-over-year as of the second quarter, with volume reaching $3.9 billion.
Manhattan Tower Lands $479M Construction Financing
Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.
KBS REIT Snares $1B Financing Commitment
BofA, Wells Fargo and U.S. Bank were the joint lead arrangers of the three-year facility, which marks the largest single financing transaction in the company’s history.
The November digital issue of CPE is now available!
This month we focus on Corporate Real Estate, with features examining how companies are attracting talent to their headquarters and the current value of sale-leasebacks for both investors and occupiers. We also profile Avison Young’s Jonathan Larsen, unveil our 2017 ranking of the Top 50 Property Owners and offer insights into the achievements of this year’s CREW Network Impact Award winners. 101 Seaport, featured on our cover, won CPE’s Distinguished Achievement gold award for Best Sale; be sure to click through to find out about the program’s other winners.
Transwestern Nabs 2.5 MSF Industrial Portfolio
The company has acquired nine properties in St. Louis and Indianapolis, expanding its Midwestern portfolio to more than 10 million square feet.
CBRE Global Investors Closes Asia Value-Added Fund
CBRE Asia Value IV and its co-investment vehicles are expected to have more than $2.5 billion in buying power. The investment team has acquired or committed $1.1 billion to five investments, primarily in logistics assets in Japan and China.