Investment
Taubman TBCL’s JV to Manage 1.5 MSF Shopping Center in China
Two companies are teaming up to own a majority stake and manage an upcoming retail development in Xi’an.
Miami Residential Tower Changes Format, Developers
En V Brickell, a 35-story apartment high-rise, will rise above a lifestyle center in Miami’s Brickell District, following its purchase by three developers in a joint venture.
KBS Grabs 264 KSF Suburban Denver Office Building
KBS Realty has bought Peakview Tower in the metropolitan Denver area. The 10-story tower has attracted notable tenants, including financial firms, banks and health insurance companies.
CorAmerica Invests $90M in Suburban LA Retail Property
CorAmerica has bought Nordhoff Plaza, a Class A community center in Northridge, Calif., for approximately $90 million.
Tianjin Eco-City a Blueprint for China’s Future Urbanization Efforts
Residents and companies have started moving in to Tianjin Eco-city, a joint Chinese-Singaporean project located close to Beijing. At full build-out in 2020, the project is expected to house 350,000 residents.
Realty Income to Acquire American Realty Capital Trust in $3B Transaction
Realty Corp has bought American Realty Income REIT. Under the terms of the deal, the seller would acquire all of the outstanding shares of ARCT for about $3 billion.
Goya Foods Breaks Ground on 615 KSF HQ, Distribution Center
Goya Foods has broken ground on a new headquarters and regional distribution center in Jersey City, N.J.
Amazon to Expand HQ—Again
Vulcan Real Estate is developing a sixth phase of Amazon’s campus in Seattle’s South Lake Union submarket.
TMG, Rockwood Sell San Francisco Office Projects to Boston Properties for $62M
TMG Partners and Rockwood Capital have sold a series of office buildings to Boston Properties for more than $62 million, including preferred units of limited partnership interest in the buyer’s company.
Hyatt Hotel Corp. Opens First Grand Hyatt in Malaysia
Hyatt Hotel Corp. will be opening Malaysia’s first Grand Hyatt, with first-class luxuries and amenities including impressive views of the city, dining on almost every floor, and state-of-the art technology banquet halls and meeting rooms.