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Kimpton Hotels Buys Historic Chicago Office, Plans $86M Conversion
Kimpton Hotels & Restaurants looked at an office building in Chicago and saw a boutique lodging destination.
AUGUST ISSUE: Top Property Management Firms
The firms in the 2014 CPE-MHN Ranking of Top Property Managers collectively operate more than 13.5 billion square feet of commercial space, no small feat considering the economic climate, challenging residents/tenants and an ever-evolving institutional real estate landscape.
Amazon to Open Fifth California Fulfillment Center
Amazon.com Inc. will occupy a 700,000-square-foot fulfillment center in the Redlands, Calif., signing with building owner Clarion Partners.
INTERNATIONAL: Constellation Hotels Offers to Buy InterContinental Paris – Le Grand Hotel
InterContinental Hotels Group PLC announced it has received an offer from Constellation Hotels Holding Ltd. to buy its historic InterContinental Paris – Le Grand Hotel.
Clarion Sells Mexican Shopping Centers to JV Partner
Clarion Partners has sold its 50 percent interest in a 3.2 million-square-foot portfolio of Class A shopping centers in Mexico to its joint venture partner.
Melo Launches Sales for Luxury Miami Condo Tower
The Melo Group has launched sales for Aria on the Bay, an ultra-luxury, 647-unit condominium high-rise in downtown Miami’s Arts & Entertainment District.
W.P. Carey Buys Corporate HQ Property in Norway for $114M
In its second acquisition in Norway this year, W.P. Carey Inc. has added the 275,600-square-foot headquarters of Total E&P Norge AS to its portfolio.
INTERNATIONAL: Brookfield Multiplex to Deliver Twin Tower Apartment Project in London
Essential Living has selected global construction company Brookfield Multiplex to develop the iconic Helix twin tower residential complex on the edge of London’s Canary Wharf.
Forest City, Greenland USA Rename $4.9B Atlantic Yards
Greenland Forest City has just changed the name of the 22-acre mixed-use development to Pacific Park Brooklyn.
INTERNATIONAL: Immofinanz Sells Warsaw, Prague Logistics Facilities
Bokserska Distribution Park in Warsaw and Westpoint Distribution Park in Prague sold above book value to Czech and British private investors.