News
CBRE Global Investors Fund Acquires 28-Story Boston Office Tower
A fund sponsored by CBRE Global Investors has acquired 100 High St., a 546,336-square-foot, 28-story office building with a 273-space, three-level, on-site subterranean parking garage situated in the heart of Boston’s Financial District.
STAR Community Rating System Ranks D.C. Third Most Sustainable U.S. City
Washington, D.C.’s efforts to become a more sustainable city are paying off. Recently, the District was recognized as the third most sustainable city in the United States, under the STAR Community Rating System.
Cinemex Dine-In Cinema Inks Lease for its U.S. Debut at Miami’s $1B Brickell Centre Project
Hong Kong-headquartered Swire Properties Inc. recently completed a lease agreement with Cinemex, a Mexico-based dine-in movie cinema chain.
Murphy Development Plans Technology Park; Recho Holdings Buys Scripps Ranch Flex Building
Murphy Development recently announced that it had completed the acquisition of a large land parcel in the Scripps Ranch Business Park from seller Intel Corporation. The land involved in the transaction was previously acquired by Intel fourteen years ago in a deal worth approximately $28 million. Located in central San Diego, the land is set to become the site for a massive commercial real estate development that will cater to tech companies.
Madison International Realty Ups Stake in Oslo Office Complex for $110M
Madison International Realty acquired an additional 59.5 percent interest in the Statoil office complex in Oslo, Norway.
INTERNATIONAL: Tanger Outlets to Open Newly Constructed 293 KSF Store in Ottawa
The new property is Tanger Outlets’ first ground-up construction in Canada.
Developers Break Ground on $189M Apollo Mixed-Use Project
Insight Property Group and institutional investors advised by J.P. Morgan Asset Management announced on Wednesday, September 17, the start of construction for the Apollo, a mixed-use apartment project situated right in the heart of D.C.’s H Street NE corridor. At a cost of $189 million, the project is expected to be complete by early 2017.
The Woodlands Tour: NAREE Spring Conference 2014
The 2014 NAREE Spring Conference featured a tour of The Woodlands by waterway. One of the first master-planned and sustainable communities in the country, the 40-year-old complex includes businesses, residences, retail (including a 1.3 million-square-foot mall) and entertainment, trails and golf courses, and the Cynthia Woods Mitchell Pavilion. Buildings continue to rise in the Town Center. Take a tour through the following photos of office, retail, residential and entertainment spaces along the 1.4-mile Woodlands Waterway.
Hudson’s Bay to Open Saks Store, Lease 400 KSF of Office Space, in Lower Manhattan
Hudson’s Bay Co. will open a three-level, 85,000-square-foot Saks Fifth Avenue store that will anchor Brookfield Place in Downtown Manhattan.
InterContinental to Occupy Korean Air’s $1.1B Wilshire Grand Skyscraper in LA
The 73-story, 1,100-foot-high Wilshire Grand hotel will be the tallest building in the Western U.S.