Investment
Blackstone to Pay Hefty Price for OfficeFirst Immobilien
After turning down a previous offer from Blackstone earlier this fall, IVG Immobilien AG has agreed to sell its office subsidiary for $3.65 billion.
Hilton Plays Significant Part in Latin America Hotel Growth
The hospitality giant is on track to open its 100th hotel in Latin America this year.
JV Buys Prime Block of Bay Area Retail
Long Market Property Partners and Paragon Commercial Group have purchased The Shops at Todos Santos in Concord, Calif.
Dilweg Grabs Quadrangle in the Triangle
The tenant roster at the STEM-heavy complex in Durham, N.C., includes Cempra Pharmaceuticals, Intrahealth International and TMW Systems, among others.
Global Holdings Grabs Manhattan Trophy Tower for $565M
The firm acquired the 39-story tower at 1250 Broadway from Jamestown.
Transwestern Closes $160M Real Estate Fund
Following on the success of Fund I, Transwestern plans to launch TSP Value and Income Fund II in early 2017.
Lotus Bakeries Invests $48M in First US Plant
The company will open a manufacturing operation in Mebane, N.C, and create 60 new jobs.
The Science Park at Research Valley Changes Hands
Oldham Goodwin Capital acquired the park, which will be renamed Providence Park at Research Valley, as well as 54 acres of adjacent land.
Zaha Hadid Architects Expands Presence in the Middle East
The company’s new office is located in the Dubai Design District, a creative hub for artists and designers.
Westchester County Airport Preps for Major Makeover
Officials announced a new public-private partnership meant to energize the local economy and save taxpayers more than $140 million.