Investment
Anita Kramer: 18-Hour Cities and Downtown Demographics
ULI’s Anita Kramer delves behind the Emerging Trends research for more insights into the future of the 18-Hour Cities and how demographics are shaping America.
ARC NYC REIT Grabs Downtown Office Property
American Realty Capital New York City REIT Inc. has jumped at the chance to own this downtown Manhattan office property, which the company views as an “important New York City submarket.”
German-Based GLL Expands in Chicago
Munich-based GLL has decided to continue expanding in the United States with its second Chicago office purchase.
Strategic Hotels ‘Breaks Record’ with Montage Laguna Beach Purchase
Strategic Hotels & Resorts Inc. has just turned the heads of everyone in the hotel real estate business with its acquisition of the 250-key Montage Laguna Beach in Laguna Beach, Calif.
Terreno Realty Makes Wise Move with Industrial Purchase in DC
Due to a lack of new Class A industrial buildings in Washington, D.C., San Francisco’s Terreno Realty Corp. is hoping for a high return on investment by acquiring a group of six distribution buildings in the nation’s capital.
Ivanhoé Cambridge Sells Interest in Two Ontario Shopping Centers
Ivanhoé Cambridge has completed repositioning its retail portfolio in Canada with the sale of its remaining 50 percent interest in two Ontario shopping centers to a healthcare pension plan.
INTERNATIONAL: Blackstone Disposes of Significant Investment in Sydney
Blackstone Real Estate Partners VI, through its portfolio company, Valad, has agreed to sell its first major property investment in Australia.
CBRE Global Investors Grabs Multi-Tenant Office Building in Denver
On behalf of an unidentified separate account client, CBRE Global Investors has acquired 700 Broadway, an office building in Denver where Anthem is the main occupier.
Duke Reduces Volume in Suburban Office Sector
Duke Realty Corp. has been quite vocal over the years about its strategy of transforming its portfolio into majority industrial and exiting many of its suburban office markets, and once again it is putting its money where its mouth is with its latest disposition.
INTERNATIONAL: Melco Crown Entertainment Opens City of Dreams Manila
Melco Crown Resorts and a subsidiary of Melco Crown Entertainment are opening the first international integrated leisure destination offering in Manila, Philippines.