News
Air Liquide to Relocate Corporate HQs to Memorial City
Air Liquide plans to relocate its American corporate headquarters from the Galleria area to the Air Liquide Center, a 20-story, Class A property scheduled to break ground this month in Memorial City.
Granite Properties Gets $73M in Financing for Uptown Office Building
Granite Properties has obtained $73 million in financing for 17Seventeen McKinney, a 19-story, Class AA office property in Dallas.
Resmark to Bring Luxury Condos to Washington Area
The Resmark Companies is working hard to bring luxury condos to the Washington D.C. area. The Los Angeles- based full-service real estate investment advisor has partnered with two local developers to develop two different projects in downtown Bethesda and the desirable Dupont Circle neighborhood.
Inland Empire Power Center Trades Hand in $49 Million Deal Arranged by HFF
An Inland Empire retail property traded hands recently, with Holiday Fenoglio Fowler announcing that it had closed a deal for an asset located in Jurupa Valley. The leading provider of commercial real estate and capital markets services completed the acquisition of the Vernola Marketplace by a joint venture consisting of Rockwood Capital, Equity One, Inc. and Vestar, three high-profile real estate companies in the U.S. The JV paid a fee of $49 million for the shopping venue.
Renovation and Rebranding Announced for Holiday Inn New York City Midtown
The existing Holiday Inn hotel located at 30-32 West 31stStreet in New York City’s Midtown District is set to be converted into a new Hyatt-branded hotel, as Chesapeake Lodging Trust appointed a Hyatt affiliate to oversee the $6 million renovation and rebranding process.
Research Triangle Foundation Buys 100 Acres for Triangle’s First Mixed-Use Expansion
The Research Triangle Foundation, the nonprofit that built the Research Triangle Park (RTP) back in the 50s, has recently announced the acquisition of several adjacent properties along I-40, where it intends to add new development.
Fannie Mae M-F Volume Dropped in ’13
Fannie Mae reports that for all of 2013, it provided $28.8 billion in multi-family finance, involving about 507,000 multi-family units all together.
Metzler RE Sells 305 KSF Corporate Center in Wilmington, Del., for $62M
It’s been nine years since Metzler Real Estate acquired the Bellevue Park Corporate Center in Wilmington, Del., and now the company has sold the 305,000-square-foot complex to The Buccini/Pollin Group in a $62 million transaction.
Resmark and Timberlake Homes Constructing Creekstone Village Townhome Community in Anne Arundel County
A new, single-family townhome community is coming to Anne Arundel County. Resmark Land and Housing, a division of The Los Angeles-based Resmark Companies, and Timberlake Homes announced at the end of January that construction is underway on Creekstone Village in Pasadena. The project is expected to be completed in 36 months.
Vertex Pharmaceutical Opens New Headquarters at 11 Fan Pier Boulevard
A ribbon-cutting ceremony recently marked the formal opening of Vertex Pharmaceutical’s global headquarters building in South Boston’s growing Innovation District. Located at 11 Fan Pier Boulevard in Fort Point, the $800 million complex that broke ground in June 2011consists of two, 16-story interconnected buildings designed to stimulate collaboration and attract new talented scientists to the 25-year-old biotech company.