Investment
European Hotels Get $200M Facelift Continent-Wide
A number of European properties, part of The Luxury Collection Hotels & Resorts, are in different stages of renovation and restoration, as a result of a continent-wide operation worth $200 million.
Jordan’s Highest Residential Tower Tops Out
Jordan’s future tallest residential tower is well on its way to completion, with developer DAMAC Properties announcing the topping out of the 36-story The Heights.
Candlebrook, Angelo Gordon Buy Suburban Philly M-F Asset for $83M
Candlebrook Properties and Angelo, Gordon & Co. have snapped up Echelon Glen, an 884-unit apartment complex in Voorhees, N.J., roughly 15 miles outside of Philadelphia.
Clarion Nabs 272 KSF Office Building in Houston
Clarion Partners has acquired Westchase Park, a six-story, 272,00-square-foot Class A office building in Houston’s Westchase submarket.
Chambers Street Properties Buys 801 KSF Warehouse in Greater Baltimore
Chambers Street Properties continues building up its industrial portfolio with the acquisition of an 801-square-foot Class A warehouse/distribution facility in a Baltimore suburb.
Property Group Partners Closes Air Rights Purchase for $1.3B M-U Project in DC
The largest contiguous undeveloped site in Washington, D.C., is now well on its way to being transformed into the 2.2 million-square-foot Capitol Crossing mixed-use destination.
Related Cos.’ Hudson Yards Breaks Ground on 26-Acre Manhattan Site
After years in the planning stages, construction of New York City’s largest private development since Rockefeller Center finally got underway Tuesday as city officials joined leaders of Related Cos. and Oxford Properties Group at the groundbreaking of the 26-acre, mixed-use Hudson Yards project.
Macerich’s Tysons Tower Signs Intelsat to 188 KSF Lease
Macerich, owner and master-developer of McLean, Va.-based Tysons Corner Center, has signed satellite service provider Intelsat to a 15-year, 188,000-square-foot lease to serve as the future office tower’s anchor tenant.
Special Report: Finding a Framework for Future Global Cities
By 2030 it is likely that 60 percent of the world’s population will be living in an urban setting.
American Campus Closes on Student Housing Portfolio Purchase for $863M
American Campus Communities of Austin, Texas, has closed on its $863 million purchase of a 19-property, 12,049-bed student housing portfolio from affiliates of Kayne Anderson Capital Advisors, of Los Angeles and Armonk, N.Y.