News
$75M Renovation Produces Westin New York Grand Central
Westin Hotels & Resorts has opened a flagship property in the heart of midtown Manhattan, following a $75 million renovation to the former New York Helmsley Hotel.
C&W Arranges 295 KSF Office Lease for Sutter Health
Sutter Health has signed a 10-year lease on an office building in California that will bring more than 1,000 new jobs to the area.
JLL Joins Team Developing $1B M-U Project in W. Va.
Genesis Partners has recruited JLL to help push forward what is believed to be the largest multi-use development public-private partnership in the nation.
Economy Watch: Retail Sales, Residential Prices Advance, Promote Consumer Spending
Retail sales increased in the month of September. Residential prices also edged up, encouraging consumer spending, as a result.
Aragon Adds M-F Property to Growing San Antonio Portfolio
California-based Aragon Holdings has purchased a 228-unit Class B property in North Central San Antonio. The Carmel at Deerfield apartment complex brings the real estate investment fund’s portfolio to six apartment complexes and a total of 1,248 units in the Alamo City.
Amazon.com Set to Break Records with Purchase of HQ from Vulcan
In a long-anticipated deal, Amazon.com, the world’s largest online retailer, finally acquired its 11-building headquarters in Seattle from owner Vulcan Real Estate. The Paul Allen-controlled investment company received a whopping $1.2 billion for the property, placing the transaction in a single-horse race for the title of the year’s largest U.S. office transaction.
U.S. Green Building Council Awards LEED Certification to Four Cleveland Clinic Facilities
The Cleveland Clinic announced last week that four of its facilities have earned LEED certification from the U.S. Green Building Council. This brings its total to 10 LEED buildings, with two more on the way.
Ground Broken on Cinemark Theater at Oakley Station
Construction crews recently broke ground on a new 14-screen Cinemark movie theater at Oakley Station, one of Cincinnati’s largest, new mixed-use developments.
Bank of Hawaii to Move Ward Branch to Hokua at Ala Moana
Bank of Hawaii has announced plans to relocate its Ward Plaza branch to the ground floor of the Hokua condominium at 1288 Ala Moana in Honolulu, about half a mile from its current location. Construction for the new offices should begin by the end of February 2013, with completion scheduled for mid-August. DKKY Architecture Studio will design the space. The move will allow for a smooth transition of services, as the bank intends to close its current Ward branch at 210 Ward Ave. on a Friday and open at the new location the following Monday.
Behringer Harvard, Trammell Crow Bring Luxury MF Project to Inner Loop
Two well-known developers—Behringer Harvard and Trammell Crow Residential—have partnered to bring a new luxury multifamily development to the West University submarket of Houston’s Inner Loop.