News
Crescent Buys 993-Acre Property for New Master-Planned Community
Following the acquisition of 993 acres in northeast Houston, Crescent Resources L.L.C. revealed plans to introduce its residential division to the Houston market. The newly acquired land, just one mile from Lake Houston and 25 miles northeast of the city’s central business district, will accommodate a new master-planned community.
Hyatt Acquires Downtown Minneapolis Hotel
The Hyatt Hotels Corp. recently announced that a Hyatt affiliate acquired a select-service hotel, the 213-room Comfort Suites in downtown Minneapolis. Following $20 million in capital improvements, the hotel will be rebranded as Hyatt Place Minneapolis Downtown.
CBRE Buys Tollway Plaza Office Complex in Far North Dallas
CBRE Global Investors has purchased Tollway Plaza I & II, two office buildings in Far North Dallas totaling 369,000 square feet of space. News of negotiations between the California fund and Chicago-based Equity Office Properties Trust emerged back in September; two months, later the purchase is complete.
Sandy Hits CRE via Power Outages, Flooding
By Anna Spiewak, News Editor: Hurricane Sandy may have visited the tri-state area for only a span of one day, but the aftermath of damage cleanup will last for weeks, according to some.
$12M Parkview Gardens Affordable Community Opens in Liberty City
Over 200 low-income residents will now benefit from affordable housing, as a brand new affordable housing complex recently opened its doors in Miami’s Liberty City neighborhood.
AMLI Residential to Add 279-unit Building to Mueller Community
AMLI Residential has announced it will build a 279-apartment building at the Mueller master-planned community in Northeast Austin. Continue reading →
Parkway Properties Picks Up NASCAR Plaza for $100M
Orlando, Fla.-based Parkway Properties has announced entering a purchase and sale agreement for the acquisition of NASCAR Plaza, a 395,000-square-foot office tower in Charlotte’s central business district.
Union Investment Acquires Poland’s Largest Shopping Center in Europe’s Biggest Single Retail Asset Deal of the Year
Union Investment Real Estate AG has closed on the $505 million acquisition of Manufaktura regional shopping center in Łódź, Poland, for the open-ended real estate fund Unilmmo: Deutschland.
LEED Gold Certification Awarded to Iconic Chrysler Building; LinkedIn Doubles Presence at Empire State Building
The U.S. Green Building Council has awarded the LEED Gold-EBOM designation to New York City’s iconic Chrysler building. The certification comes one year after owner Tishman Speyer, a leading real estate development and investment company, embarked on a complex retrofit project at the skyscraper located on the east side of Manhattan at the intersection of 42nd Street and Lexington Avenue.
Stirling Capital Secures $70M Mortgage Refinance on Its Property Portfolio at Southern California Logistics Centre
Stirling Capital Investments has secured a $70 million refinance loan from Bank of America for the Southern California Logistics Centre, the 2,500-acre commercial and industrial complex in Victorville, Calif.