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New JV Plans $870M Hotel Complex in Dubai
Schon Properties and Al Hamad Group are developing iSuites, a mixed-use project featuring a 2,550-key hotel, to support the Dubai government’s goal of attracting 20 million visitors to the city by 2020.
Cleveland Mixed-Use Project Lands $142M Financing
HFF secured the financing on behalf of development partners Fairmount Properties and the DiGeronimo Cos. Scheduled for completion in spring 2018, Pinecrest will offer more than 400,000 square feet of retail, restaurants and entertainment.
Largest Hotel in PNW to Debut in 2018
The downtown Seattle hotel development boom continues with the upcoming 1,260-key Hyatt Regency Seattle, which is targeted for LEED Gold certification.
Two DC Office Buildings Sell for $259M
Westbrook Partners and TIER REIT sold the two buildings to UNIZO Holdings after completing significant repositionings of the buildings. The transaction reflects TIER REIT’s continuing strategy of exiting non-target markets.
Flex-N-Gate Breaks Ground on $95M Detroit Plant
The 350,000-square-foot facility, which is slated for completion by early next year, will become a new centerpiece to the city’s growing I-94 Industrial Park.
Continental European Investors Covet London Market
The investment community across the pond is keen on United Kingdom’s number one hub, putting its money where its mouth is, Savills research shows.
Douglas Emmett, QIA Expand With $353M Buy
The two buildings in Santa Monica were acquired from the Blackstone Group, which continues to sell off parts of its Equity Office Properties Trust portfolio.
Honeywell Taps M Moser To Develop New Atlanta Tech Building
The new office will support Honeywell’s evolution towards becoming recognized as a software business and serve to better showcase its leadership.
City Greenlights Transformative Atlanta Project
Grant Park Gateway stems from a 2015 study by the city looking at current and future traffic and parking demands for Grant Park and Zoo Atlanta. The development will be funded through bond revenue and supplemented by additional sources.
Downtown Nashville Land Hits the Market
Zoned for a range of uses, the site could accommodate residential, office, retail or all of the above. The increasingly high-profile nature of the market is resulting in continuous growth of capital investments.