Finance
Marriott-Starwood Marriage Back On
Marriott International has topped Anbang Insurance Group’s bid to acquire Starwood Hotels & Resorts Worldwide, with an offer valued at $13.6 billion.
Continental Realty Corporation Sells 30,500-Square-Foot Royal Palm Office Depot Center For $7.5 Million
Baltimore-based Continental Realty Corporation sold the 100-percent-leased Royal Palm Office Depot Center in Palm Beach County.
Marcus & Millichap Closes Sale of All American Self Storage of Longwood
Marcus & Millichap arranges the sale of a 65,510-square foot self-storage facility in Longwood, Fla.
NYC Seaport Redevelopment Commands $390M
China Oceanwide Holdings paid a hefty price to acquire 80 South St. from The Howard Hughes Corp., with plans to create a 113-story tower.
Fingers Crossed, Chicago’s Old Main Post Office is Sold
IPDNA is reportedly in the process of selling the iconic, 2.7 million-square-foot property to a New York-based investment group.
HFF Arranges $60M Loan for Class A Creative Office Development in Boston Area
LINX, a two story, 185,595-square-foot building located in Watertown, Mass., is slated for completion by early 2017.
Cerner’s $4.5B Kansas City Campus Reaches New Milestone
The first phase of Missouri’s largest economic development project is nearing completion.
Tutor Perini Wins Whopper of a Contract at NYC’s Hudson Yards Project
Tutor Perini has been awarded contracts worth roughly $1.2 billion for the construction of Tower D and The Shops & Restaurants retail complex at New York’s Hudson Yards development.
D.C. Office Building Commands $229M
Spitzer Enterprises shelled out $229 million for a 13-story office building just four blocks away from the White House.
Investment, Occupational Markets Moving Toward Balance, Says JLL
JLL’s latest report suggests that occupational markets will take the driver’s seat across all major global regions and property sectors in 2016.