News
Joint Venture Acquires Crowne Plaza East, Plans $8.5M Renovation
By Georgiana Mihaila, Associate Editor
Interstate Hotels & Resorts Inc. has partnered with Waramaug Hospitality L.L.C. and a private investment group to acquire the 265-room Crowne Plaza Tampa East. The price has not been released, but the partnership will invest $8.5 […]
Construction to Begin on 3 Waterway Square Place
By Georgiana Mihaila, Associate Editor
The Class A 3 Waterway Square Place will soon begin construction, following Nexeo Solutions’ signing of a lease for the building’s top three floors. Nexeo Solutions, a newly independent company formed from the distribution division of […]
$1.2B in Projects Under Way Downtown
By Adrian Maties, Associate Editor
Big development projects are a rare commodity these days, but Washington, D.C., has its fair share. Among the millions of dollars being invested in massive projects and property renovations creating new jobs and improving the local […]
WRIT Completes Final, $70.6M Phase of Industrial Sale
Washington Real Estate Investment Trust has made its exit from the industrial real estate sector with the disposition of Dulles Business Park in Chantilly, Va., and 6100 Columbia Park Rd. in Landover Md.
Kilroy, JLL Sign 630 KSF Lease for DirecTV’s HQ
Direct-satellite broadcast provider DirectTV has signed a 15-plus year lease of 630,000 square feet for the company’s new headquarters in El Segundo, Calif.
Vestar Development Makes $79M Investment in Vegas Retail
Vestar Development Co. has laid the groundwork to get in on the Vegas retail game with a deal to acquire The District at Green Valley Ranch in Henderson, Nev., for $79 million.
Economy Watch: ADP Puts October Job Creation at 100,000-Plus
Private employers added 110,000 U.S. jobs in October. The FOMC expects moderate growth in the coming quarters. And the drama in Greece continues as PM Papandreou pressed forward with a referendum.
KBS REIT Purchases Las Cimas IV in Austin for $35.9M
KBS Real Estate Investment Trust III has made its second acquisition within a month, purchasing Las Cimas IV, a 138,000-square-foot Class A office asset in the Las Cimas Office Park, for $35.9 million.
UDR Completes Acquisition of NYC’s 21 Chelsea
UDR Inc. has just closed on the purchase of 21 Chelsea in New York City. The multi-family REIT acquired the 210-unit luxury apartment property for $138.9 million, including the assumption of $31 million of existing debt.
NYC Mayor Reveals Luxury Plans for Hudson Yards Development
Luxury goods manufacturer Coach Inc. has become the catalyst for the first building at Hudson Yards, the 26-acre mixed-use project that will serve as the jumping-off point for the reinvention of the entire 300-acre neighborhood on the West Side of Manhattan.