News
Norges Grabs Minority Stake in NYC’s Monumental Tower
Norwegian investment fund Norges Bank Investment Management is at it again, this time targeting Times Square.
LCOR/CALSTRS Breaks Ground on 2,000-Apartment Complex in McLean
LCOR/CALSTRS is building more than 2,000 units in McLean. The company broke ground last week on the first phase of a seven-phase project expected to help fulfill the need for residential housing in the Tysons Corner area.
Equus Trades Office Complex in Scottsdale
Equus Capital Partners has made a return on investment in a Scottsdale property, and is now passing the buck to a new owner.
BNY Subsidiary Exits Houston Market
CenterSquare Investment Management, the real asset investment subsidiary of BNY Mellon, announced its exit from the Houston real estate market with the sale of 1301 Fannin Street and the Villas at Hermann Park. The two assets were acquired through Urdang Value-Added Fund II (UVAF II), a $463 million value-added closed-end fund.
SkyHouse Dallas Opens Doors with Rooftop Cocktail Party
A rooftop cocktail party to be held Feb. 19th will mark the official opening of SkyHouse Dallas, a 24-story luxury tower located in the Victory Park neighborhood in Dallas. Developed by Atlanta-based Novare Group and Batson-Cook Development Company, the tower is part of the SkyHouse® brand, which represents a multifamily program with an investment of almost $400 million dollars.
Marriott International to Open AC Hotel Washington, D.C. at National Harbor
Marriott International, Inc.’s is getting ready to open its third AC Hotels branded property in the United States. The AC Hotel Washington, D.C. at National Harbor will welcome its first guests next month. It will be the first AC Hotel in the Northeast.
FirstService is Breaking Up
Separations can be good. Multi-billion-dollar real estate services firm FirstService Corp. is living proof of that notion.
INTERNATIONAL: Kingold to Sell Commercial Assets in Wuhan
One of the largest Chinese jewelry manufacturers got the green light to pre-sell commercial space for a bigger purpose.
Another SkyHouse Joins Houston Skyline
SkyHouse Houston will be getting a twin, SkyHouse Main, another skyscraper project in downtown Houston.