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Jay Paul Breaks Ground on San Francisco’s 181 Fremont Tower
Jay Paul Co. broke ground on 181 Fremont St., a 54-story, 684,000-square-foot residential and office tower near the Transbay Transit Center in San Francisco’s South of Market district.
SL Green Acquires Interest in Manhattan’s Embattled 650 Fifth Ave.
A joint venture between SL Green Realty and Jeff Sutton has acquired a 49-year leasehold interest covering the retail portion of 650 Fifth Ave., an office tower with decades-long ties to the Iranian government and now in legal limbo as a result.
ULI Special Report: Advice from Sam Zell
The legendary Sam Zell has spoken at many conferences over the years, but his keynote to a packed ballroom at the Urban Land Institute Fall Meeting on Thursday took a different tack.
PhoenixMart Global Commerce Center Breaks Ground in Arizona
Construction has begun on PhoenixMart, a $150 million, 1.7 million-square-foot global commerce center in Casa Grande, Ariz., expected to bring more than 9,000 jobs to the region.
Columbia Property Sells 4 MSF Office Portfolio to Griffin Capital
For Columbia Property Trust, the $521 million sale of an 18-property office portfolio is part of its strategy to refocus on major markets. For Griffin Capital Essential REIT, which acquired the 4 million-square-foot portfolio, it nearly doubles the REIT’s holdings.
Investcorp Acquires Office, Retail Assets Worth $250M
Investcorp, a global provider and manager of alternative investment products, continues an active year with the acquisition of office and retail assets in the greater Chicago, Los Angeles, Minneapolis and New York areas valued at $250 million.
50 UN Plaza Unveils 88 Luxury Condos
Zeckendorf Development and Global Holdings held a sales launch event for 50 United Nations Plaza to unveil the views and prices of 88 condominiums across from the United Nations HQ, geared towards the über high-end client.
General Growth Properties Buys Chicago ‘Magnificent Mile’ Building from Grosvenor
General Growth Properties has acquired a 126,000-square-foot retail building in the heart of Chicago’s “Magnificent Mile” shopping district from Grosvenor Americas.
Council Approves Plans to Build First NYC Outlet Mall, NY Wheel
Staten Island’s North Shore will become home to the world’s tallest Ferris wheel and a $260 million outlet center now that the New York City Council has approved the project expected to become an instant tourist attraction and landmark on New York Harbor and the city’s skyline.
Hines, Goldman Partner with Pontiac Land on High-Profile NYC Condo Development
Backed by $860 million in construction financing from a consortium of Asian bankers, a high-profile luxury condominium project planned for 53 W. 53rd St. next to the Museum of Modern Art, is moving forward after stalling during the recession.