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Howard Hughes Unveils Las Vegas Ballpark Plan
The company will develop the stadium at its Summerlin master-planned community. The venue will serve as the home of the Las Vegas 51s baseball team, which is also owned by HHC.
Dropbox Inks Largest Single Office Lease in San Francisco
Kilroy Realty signed the global collaboration platform company to the 750,000-square-foot development, the largest deal of its kind ever executed in the Bay Area.
CIT to Leave Reverse Mortgage Business
The sale of Financial Freedom, CIT’s reverse mortgage servicing business, and its $900 million portfolio is expected to close in the second quarter of 2018.
Hawaii’s Largest Office-Industrial Park Lands $165M Financing
Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.
HFF Arranges Refi of Boston Hotel Portfolio
The commercial real estate services firm landed a 10-year CMBS loan for Distinctive Hospitality Group’s refinancing of three properties in the city’s suburbs.
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.
Mizrahi Begins Construction on Canada’s Tallest Tower
The One, a residential and retail project designed by Foster + Partners, will be an 85-story addition to Toronto’s skyline.
Caesars Unit Completes Spin-Off of Real Estate Business
The new VICI Properties entity debuts as an “experiential-asset focused” REIT and one of the nation’s largest owners of gaming, hospitality and entertainment destinations.
Multiplex Chosen for $2.8B Melbourne Development
OSK Property selected the firm to deliver the first stage of its new Australian mixed-use project, which calls for six residential and commercial towers along an entire city block.
Balfour Beatty to Helm $260M Miami Project
H&R REIT tapped the international infrastructure group to build River Landing Shops and Residences, a 2 million-square-foot project that will take shape along the Miami River.