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Construction Begins on $230M First Phase of M-U Project in Philly
East Market, a mixed-use project spanning a full city block in Philadelphia’s Center City, has moved from the drawing board to the ground as construction commences on the $230 million first phase of the four-acre development.
INTERNATIONAL: Tristan Capital, STAM Europe Open $130M Office Campus in Central Paris
A partnership between a real estate investment fund advised by Tristan Capital Partners and co-investor STAM Europe marked the official opening of a nearly 264,000-square-foot office complex located in the heart of Paris.
$2B Miami Mixed-Use Project Takes Big Step Forward
The $2 billion Miami Worldcenter, one of the largest private real estate developments underway in the U.S., has just moved one significant step closer to realization.
Brookfield Places Winning Bid for Atlantic City’s Bankrupt Revel
It looks like Atlantic City is back to having nine casinos. Brookfield Asset Management came out on top of Tuesday’s auction of the long-troubled hotel and casino Revel Atlantic City.
RCS to Acquire Cole Capital for $700M
American Realty Capital Properties is selling Cole Capital to sister company RCS Capital Corp. for at least $700 million in a deal described as “strategically and financially important to RCAP.”
John Hancock Buys Office Tower in Chicago’s CBD
John Hancock Real Estate has acquired 55 W. Monroe, an 804,214-square-foot Class A office building located in Chicago’s Central Business District’s Central Loop.
CBRE Global Investors Fund Acquires 28-Story Boston Office Tower
A fund sponsored by CBRE Global Investors has acquired 100 High St., a 546,336-square-foot, 28-story office building with a 273-space, three-level, on-site subterranean parking garage situated in the heart of Boston’s Financial District.
Vote Today for the 2014 Executives of the Year!
CPE has added a popular vote to the 2014 Executive of the Year awards program. Now’s your chance to help select the winners!
Post Properties Exits NYC, Sells 2 M-F Assets for $270M
Post Properties Inc. has bid adieu to the Big Apple with the disposition of Post Luminaria and Post Toscana, two luxury apartment communities featuring an aggregate 337 units.
Parkway Properties to Pay $475M for 22 Office Assets, Then Sell Most
The office REIT is under contract to buy a 2.1 million-square-foot portfolio of Class A assets spanning six Sunbelt states for $475 million.