Mixed Use
PM Realty, Atlas USA to Redevelop $1B M-U Site in Houston
PM Realty Group and financial partner Atlas U.S.A. Holdings will undertake the redevelopment of a 35-acre parcel in Houston’s Energy Corridor that is currently the location of ExxonMobil Chemical Co.
DivcoWest Buys 670 KSF M-U Portfolio for $395M
DivcoWest has acquired One Kendall Square, in Cambridge, Mass., an 11-building, 7.9-acre campus that includes 670,000 square feet of office, lab and retail space; a nine-screen movie theater; a 1,500-space garage; and a small development parcel.
Shorenstein Acquires 717 KSF M-U Property in Boston
Shorenstein Properties has acquired Center Plaza, a 717,100-square-foot, transit-oriented mixed-use property in downtown Boston for a reported $307 million.
Lori Mason Curran: Evolving South Lake Union
Lori Mason Curran, Vulcan Inc.’s investment strategy director for real estate, talks about how South Lake Union continues to evolve.
Chinese Developer to Spend $200M on 4.6-Acre Site in Downtown LA
The Los Angeles real estate investment community is abuzz with news of Oceanwide Real Estate Group’s pending acquisition of Fig Central, a 4.6-acre entitled development site located downtown, just across from Staples Center and the multibillion-dollar L.A. Live entertainment destination.
Hyatt Hotels to Debut Hyatt Regency Sentul City Hotel in Indonesia
Hyatt Hotels Corp. is planning its sixth Hyatt-branded hotel in Indonesia, slated to open in 2017.
Somerset, Pulte Homes Begin Construction on M-U Development in Wood-Ridge, NJ
Construction is underway on a new mixed-use development – Liberty Square at Wesmont Station – in Wood-Ridge, N.J., courtesy of a Somerset Development and Pulte Homes partnership.
KBS REIT III Closes Chicago’s 500 West Madison for $425M
KBS REIT III has acquired 500 West Madison, also referred to as Citigroup Center, an iconic, 1.5 million-square-foot mixed-use tower in Chicago, for $425 million plus closing costs.
50-Story Tower Proposed as Part of NYC Seaport Redevelopment
One month after breaking ground on an upscale mall at Pier 17 at Manhattan’s historic South Street Seaport, The Howard Hughes Corp. is proposing more redevelopment at the site, including a new marina and a mixed-use 50-story hotel and apartment tower.
Luxora to Build M-U Mega Development in India
Luxora Infrastructure Pvt Ltd. is set to build a mixed-use mega development called Ensaara Metropark in Nagpur, the state of Maharashtra, in India.