Investment
Australian Lend Lease to Redevelop $2B Project in the ‘Elephant & Castle’ Area of London
Sydney, Australia-based Lend Lease Group has been granted planning permission from the Southwark Council for a redevelopment project that will feature 284 new homes in the Elephant & Castle area of London.
Hyatt to Open First Hyatt Regency-Branded Hotel in Bangkok
Hyatt Hotels Corporation has announced plans to open its first Hyatt Regency-branded hotel in Bangkok, to be completed in 2017.
Avison Young Makes Entrée into Southern California’s Orange County Market
Toronto’s Avison Young continues the rapid expansion of its footprint in the United States with yet another new office opening.
Boston-Based Sibley Acquires 2 MSF Historic Rochester M-U Property
Sibley Redevelopment L.P., an affiliate of WinnDevelopment, the real estate development arm of WinnCompanies, acquired the Sibley Building, located in the central business district of downtown Rochester, N.Y.
MetLife JV Buys Iconic Seattle Office Tower
A joint venture comprising MetLife and an institutional real estate investor advised by Clarion Partners has purchased 1201 Third Ave., an Art Deco–inspired Class A building that is Seattle’s second-tallest office tower.
DCT Industrial Trust Completes Purchase of Four-Building Portfolio
DCT Industrial Trust of Denver has completed the previously announced acquisition of a four-building portfolio totaling 563,000 square feet.
CPPIB Expands into Brazil with Global Logistic Properties Partnership
Canada Pension Plan Investment Board announced its entering into a JV with Global Logistic Properties, the world’s second largest owner of industrial property, entailing the purchase of two Brazilian logistics portfolios.
New Tenants Signed at Bronx’s 285 KSF Throggs Neck Shopping Center
The Throggs Neck Shopping Center in the Bronx, N.Y., will not open its doors until early 2014, but already the tenant roster is beginning to fill up with national and local businesses.
Zeckendorf Kicks Off Development of $500M Condo Project Near United Nations
A groundbreaking event has marked the start of 50 United Nations Plaza, an upscale condominium property adjacent to the United Nations headquarters in Manhattan.
Decron Properties Acquires 397-Units for $70M in M-F Deal in Simi Valley
Decron Properties Corp. continues its two-year focus on the multi-family market with its latest acquisition – Creekside Apartments, a 397-unit community in Simi Valley, Calif.