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CPPIB Pockets $1B on Sale of NYC Office Stake
The Toronto-based pension fund sold its share of the 50-story skyscraper to a global institutional investor in a deal valuing the asset at $2.3 billion.
Vornado Pops Up in Metro DC
The company has converted a segment of The Bartlett into a pop-up hotel just in time for Inauguration Day.
Japanese Owner Emerges for Google-Anchored Hercules Campus in LA
The tech giant plans to break ground on an adaptive reuse project that will transform a historic airplane hangar into office space.
Jernigan Capital JV Makes NC Self-Storage Investment
The 756-unit property will provide all climate-controlled storage in the rapidly growing Brier Creek community in Raleigh.
Yardi Matrix: Baltimore’s Downtown Surge
Benefiting from demand in core submarkets and the proximity to Washington, D.C.’s more dynamic but less affordable market, the metro continues to display stable fundamentals.
New Owner, New Name for Travaasa Austin Resort
A wellness resort operator has big plans for a 220-acre spa complex in Austin.
Louisiana Attracts $8.5B Natural Gas Facility
Venture Global will erect Plaquemines LNG on a 632-acre parcel stretching 7,000 feet along the Mississippi River.
New U.S. Industrial Fund to Spend $1.5 Billion
GLP US Incomes Partners III will be seeded with a $1.1 billion portfolio from Hillwood.
Colony-NorthStar Merger Wins Stockholder Approval
The companies expect to close the merger next month.
New York REIT Lands $760M Financing, Prepares to Sell Assets
The proceeds will be used to repay debt, buy the remaining equity interest in Worldwide Plaza and fund the company’s dissolution.