News
Clarion, MHP Take to Manhattan’s Financial District
Clarion Partners and joint venture partner MHP Real Estate Services have become the proud new owners of the 1.2 million-square-foot Manhattan office tower at 180 Maiden Lane.
INTERNATIONAL: CGD, Four Seasons to Develop in Bangkok
In an ongoing initiative to improve one of the country’s most important urban waterways, Country Group Development and Four Seasons Hotels and Resorts have partnered to develop a hotel and residential project on the Chao Phraya River in the capital city of Thailand.
Industrial Property Trust Makes Its Mark in Atlanta’s Largest Industrial Submarket
Industrial Property Trust Inc. continues making strides in Atlanta’s sizable industrial market with the acquisition of four multi-tenant warehouses.
Canada Pension Plan Investment Board Makes First Investment in San Francisco
Canada Pension Plan Investment Board is making its first direct investment into San Francisco’s hot office market with the purchase of a 45 percent stake in 1455 Market St.
Market Snapshot: Energy’s Positive Influence on Oklahoma
As 2015 begins, Oklahoma’s economy remains stronger than the rest of the nation, driven mainly by the state’s oil, gas and energy industries.
TRI Pointe to Build 115 Luxury Homes in Ryland’s Master-Planned Community
TRI Pointe Homes Colorado, a division of California-based TRI Pointe Group – one of the top ten largest public homebuilders in the U.S. – recently announced the acquisition of 115 lots in the Denver metro area.
Stiles and Prudential Real Estate Advisors Drop $108M on Ft. Lauderdale Office Tower
By Eliza Theiss, Associate Editor New River Center, a 281,713-square-foot Class A trophy office tower in downtown Fort Lauderdale, was sold for $108 million or $383 per square foot. The institutional-quality asset was picked up by a joint venture formed by Prudential Real Estate Investors (PREI) and Stiles Property Fund (SPF). SPF was launched in […]
Crescent Communities Completes Sales of Two Multi-Family Properties to Berkshire Group Affiliate
by Adriana Pop, Associate Editor Charlotte-based Crescent Communities recently sold the 303-unit Crescent Ninth Street apartment complex in Durham. According to the Triangle Business Journal, a Berkshire Group affiliate paid $77 million, or approximately $254,000 per unit, to acquire the property. In another recent transaction, the company purchased the 282-unit Crescent Cameron Village apartment community on […]
Honeywell Completes $33M Expansion Project in Baton Rouge
Honeywell Performance Materials and Technologies announced last month the completion of a $33 million modernization project to extend the life of its chemical and refrigerant gases manufacturing facility in Baton Rouge.
Economy Watch: Retail Activity; Fed on Interest Rates; ADP on Jobs
Retail recovery is recovering at a snail’s pace. The Fed is unlikely to raise rates at its January or March meetings. U.S. private-sector employment increased by 241,000 in December.