Investment
Paladin JV to Develop 1,000 Residential Homes in Colombia for $100M
Paladin Realty Partners, a Los Angeles-based firm founded for the purpose of investing in Latin American real estate, has placed Colombia high on its radar with the founding of the PALVAL Homebuilding Platform.
Heitman Buys 243 KSF Retail Property in Miami from AWE Talisman
AWE Talisman has sold Miracle Marketplace, a Class A, 243,047-square-foot, retail power center in the Miracle Mile/Coral Way submarket of Miami, to Heitman for $92 million.
Pebblebrook Buys Embassy Suites in Downtown San Diego for $112M
Pebblebrook Hotel Trust, of Bethesda, Md., has purchased the Embassy Suites San Diego Bay – Downtown for $112.5 million.
Mumbai Residential Project Opens Pre-Bid to Overwhelming Response
Lodha Group, India’s premier real estate developers, launched the pre-bidding process for two projects within its massive luxury residential development named Codename Blue Moon in South Mumbai’s Worli area.
Mövenpick Hotels & Resorts Opens Fifth Property in Dubai
With the launch of the Mövenpick Hotel Apartments The Square on Jan. 20, Mövenpick Hotels & Resorts has become the first international hotel company to operate a property in Dubai’s elegant district of Al Mamzar.
Block Funds Acquires 396-Unit Luxury M-F Project in Texas
Block Funds, a Kansas City, Mo.-based commercial real estate fund sponsor, has acquired The Settlement, a 396-unit luxury apartment home community located in Kyle, just south of Austin.
Prism to Launch $230M Adaptive Reuse Development in NJ
Construction is expected to begin this spring on the $230 million Edison Village project in West Orange, N.J., which will transform 21 acres in the town’s downtown area, including the historic Thomas Edison factory, into 331 rental apartments and 18,000 square feet of retail.
Gulf Related to Launch 2 MSF M-U Project in Abu Dhabi
Al Maryah Island, Abu Dhabi’s blossoming new central business district, continues to grow by leaps and bounds and Gulf Related is making a big contribution with a new $272 million project.
Google to Develop New HQ in London’s King’s Cross
Tech giant Google is looking to cement its position in the European market, particularly the hot London business world, by announcing that the company is looking to develop a brand new European HQ.
Ivanhoé, TPG JV Buys Trophy London Office for $400M
Ivanhoé Cambridge, of Montreal, and TPG, a leading global private investment firm, have acquired Woolgate Exchange, a trophy office building in London’s business district, for close to $400 million.