Investment
SJP Properties Breaks Ground on $500M Redevelopment of Historical The Modern
SJP Properties will officially break ground today on the redevelopment of the infamous The Modern site, which dates back to the 1900s and includes uses for silent films, bribery scandal involvement and Helmsley ownership.
$75M Renovation Produces Westin New York Grand Central
Westin Hotels & Resorts has opened a flagship property in the heart of midtown Manhattan, following a $75 million renovation to the former New York Helmsley Hotel.
C&W Arranges 295 KSF Office Lease for Sutter Health
Sutter Health has signed a 10-year lease on an office building in California that will bring more than 1,000 new jobs to the area.
JLL Joins Team Developing $1B M-U Project in W. Va.
Genesis Partners has recruited JLL to help push forward what is believed to be the largest multi-use development public-private partnership in the nation.
315-Room Westin Imagine Hotel in Orlando Trades
ERGS WI Orlando REO has bought the 315-room Westin Imagine Hotel in a premier location of Orlando.
Square Mile Plays $68M Role in Recap of 5 MSF California Office Portfolio
Square Mile Capital Management originated a $68 million mezzanine loan for the recapitalization of a 5 million-square foot Southern California office portfolio.
Avison Young Buys Former Grubb Affiliate in Raleigh-Durham, NC
Avison Young has acquired Thomas Linderman Graham Inc., which will further expand the company’s presence in the Southeast region of the United States.
Miami Gets First LEED-Certified Hotel with 221-Room Hampton Inn & Suites
The Hampton Inn & Suites Miami just got the U.S. Green Building Council’s Leadership in Energy and Environmental Design certification, making it Miami’s first LEED-certified hotel.
Pegasystems Settles into 162 KSF in Cambridge, Mass.
Software firm Pegasystems relocated to its new headquarters, a 162,000-square-foot premier office space at One Rogers St.
Greystone Expands Extensive Bridge Loan Services to Healthcare Sector
Greystone is expanding its bridge loan service to the healthcare sector, especially independent living, assisted living and skilled nursing facilities.