Investment
County Approves $105M Makeover for Houston’s Astrodome
The latest redevelopment plan saves the 51-year-old landmark from demolition.
SL Green Lands $1.5B Financing for One Vanderbilt
Upon completion in 2020, the $3.1 billion Manhattan office tower will become the city’s second-tallest building.
Tribune Media Completes $430M Portfolio Sale
The company closed the sale of its Chicago Tribune Tower, Los Angeles Times Square and Olympic Plant properties this week.
Highwoods Properties Acquires Raleigh Office Tower
The investment in the acquisition and renovation of the 11-story Charter Square development amounts to $83.5 million.
River City Power Center Sells for $81M
Sterling Org. acquired the property in a sale brokered by CBRE’s retail investment group.
Two Moody National REITs Plan to Merge
Moody National REIT II is set to acquire Moody National REIT I for roughly $11 per share.
C&W: Lower Oil Prices Have Mixed Effects on Global Office Market
The latest report from Cushman & Wakefield shows how the drop in oil prices since mid-2014 has impacted the world’s major energy cities.
Skanska Plans Major Facelift for Tampa Riverfront Park
The Julian B. Lane Riverfront Park will undergo a $35.6 million revamp, scheduled for completion in late 2017.
MPT Infuses $1.2B into Hospital Portfolio
The Birmingham, Ala., medical property trust is now present in 30 states across the nation.
Eastern Union Funding Lends a Hand in Florida
Eastern Union has arranged a $3 million acquisition loan on behalf of Famous Capital LLC.