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HCP Lands New $2B Credit Facility
The instrument includes two six-month extension options at the company’s discretion and the ability to increase the commitments by an aggregate amount as high as $750 million.
Kennedy Wilson, Kennedy Wilson Europe Merge
The unification creates a real estate investment and asset management platform with an enterprise value of $8 billion. Now, KW boasts a global portfolio exceeding 400 assets spanning a variety of sectors.
Apple Opens New Flagship Store in Chicago
The strategic riverfront location will help connect the shop with the Chicago River and North Michigan Avenue’s Magnificent Mile. The main idea of the design was to minimize the boundary between the city and the river.
Sares Regis to Redevelop Former Toyota HQ
The 110-acre property is home to more than 2 million square feet of office and industrial space in Torrance, Calif., including special amenities such as a data center, hydrogen fueling stations and helipads.
Chicago Mixed-Use Lands $1.2B Research Hub
The 78, Related Midwest’s 62-acre master-planned development, will become home to The University of Illinois System’s innovation center, Discovery Partners Institute.
BofA Sells NC Office-Industrial Portfolio
Alidade Capital acquired the four buildings, which offer more than 400,000 square feet of space within The Park—Huntersville, one of Charlotte‘s largest mixed-use developments.
Daimler AG to Invest $1B in AL Mercedes-Benz Facility
The German automaker will produce electric SUVs under the EQ sub-brand by 2020. Plans also call for a global logistics center, an after-sales North American hub and an electric battery factory near the Tuscaloosa facility.
L&L Holding Tops Out Manhattan Office Tower
The company added the final beam of steel to 390 Madison Ave., a 32-story Midtown East building offering more than 860,000 square feet.
Trammell Crow Kicks Off 500 MSF Oakland Industrial Complex
The developer teamed up with Principal Real Estate Investors for the construction of San Leandro Business Center, a three-building spec project in San Leandro, Calif.
First Phase of Bakersfield Commons to Start in 2018
World Oil Corp., which owns the site, chose Trammell Crow Co. to be the master-developer of the project that will feature residential, retail, industrial and office space along with a luxury theater and hotel.