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Hollister Breaks Ground on Newest Addition to Teachers Village in Newark
Teachers Village, an education-centric mixed-use project in Newark, N.J., graduates to a new level with the groundbreaking on another residential building that will grace the $150 million development.
$260M M-U Runway Project Underway in L.A.’s Playa Vista
Construction has gotten off the ground on Runway, the $260 million mixed-use center that will sit on the former runway of billionaire Howard Hughes’ aerospace complex in the L.A. community of Playa Vista.
Millennium Signs 125 KSF Lease, Jumpstarting $630M Boston Project
Millennium Partners has just landed a commitment that paves the way for the commencement of the Millennium Tower/Burnham Building project, the company’s $630 million redevelopment of the former Filene’s Department Store site in downtown Boston.
Google Expands $390M Data Center in Belgium
Internet search giant Google has announced a $390 million investment in the expansion of its data center in Belgium.
L’Oréal, SAP Take 500 KSF of Office Space at NYC’s Hudson Yards
The South Tower at the 13 million-square-foot mixed-use project being developed by Related Cos. and Oxford Properties Group has just reached a total of 80 percent in occupancy commitments with two new lease agreements.
Ivanhoé JV Joins Goldman, Greystar in 27 M-F Properties
Ivanhoé Cambridge has made its largest multi-family investment, joining a partnership of Goldman, Sachs & Co. and Greystar in the $1.5 billion acquisition of 8,010 multi-family units from Equity Residential.
GlaxoSmithKline Sets Up Shop in New 208 KSF Home in Philly’s Navy Yard
A mere 18 months after Liberty Property Trust and Synterra Partners broke ground on GlaxoSmithKline’s new 208,000-square-foot office building, located in the Navy Yard Corporate Center at the Philadelphia Navy Yard, the pharmaceutical giant has settled into its new digs.
Union Bank to Acquire PB Capital’s $3.7B CRE Portfolio/Platform
Union Bank N.A. has reached an agreement to acquire the $3.7 billion institutional CRE lending portfolio and platform of PB Capital Corp.
Dweck Properties Nabs Two DC Towers for Record $322M
In what is a record-setting deal, Dweck Properties has purchased Archstone Crystal Towers, located in Arlington, Va., for $322 million.
CCPT III Rejects Latest ARCP Offer; ARCP Fires Back
American Realty Capital Properties has quickly fired back at Cole Credit Property Trust III’s rejection of its last two proposals to acquire Cole in a nearly $10 billion takeover.