Mixed Use
Savanna Fund II REIT Sells Manhattan’s 5 Hanover Sq. for $104M
CIM Group has acquired 5 Hanover Square, a 25-story building in Manhattan’s Financial District, from Savanna Fund II REIT for $104 million.
HCDA Approves Howard Hughes Corp.’s Project for 2 M-U Towers in Honolulu
Phase One of Ward Village, a massive mixed-use complex planned for 60 acres between downtown Honolulu and Waikiki, got a big boost this week when the Hawaii Community Development Authority approved two more towers to be built by the Howard Hughes Corp.
NAP Secures $126M For M-U Development in Alpharetta, Ga.
North American Properties, in a JV with Sarofim Realty Advisors, has secured 126 million in financing for Phase I of Avalon, a mixed-use development in Alpharetta, Ga.
Hines to Develop 54-Story M-U Project in Shanghai
Hines has won the bid for a site in Shanghai’s Jing An business district, to develop a 54-story mixed-use project on a 193,034-square-foot parcel.
Chinese Developer Breaks Ground on World’s Tallest Building, Despite Skepticism Surrounding Project
One of the more puzzling high-profile development projects in recent years is reportedly still on track after China Broad Group held a groundbreaking event for its world’s tallest building plan.
$350M Phoenix-Area M-U Project to Combine Hotel, Office, Retail—Basketball?
A purpose-built entity of experienced players has been tapped as the developer of a $350 million mixed-use project on 10.5 acres of Arizona State University land adjacent to the school’s main campus in Tempe.
Shanghai Greenland to Buy Stake in M-U Downtown LA Project, Invest $1B
China-based Shanghai Greenland Group will acquire an interest in Metropolis from CalSTRS and invest $1 billion in the project, which is entitled for nearly 1.7 million square feet of mixed-use development.
TOD Starts & Stops
Although a broad coalition of stakeholders around the country embraces transit-focused development., such projects are by no means immune from criticism.
British Land to Buy Paddington Central in London’s West End for $708M
European real estate investment trust British Land is investing around $708 million to buy into Paddington Central, a 1.2 million-square-foot, office-anchored mixed-use development in London’s West End.
Shorenstein JV to Build 2 Office Properties in Austin
Construction has begun on one of two new office buildings at The Domain, a 304-acre mixed-use community in northwest Austin being developed in a joint venture between Shorenstein Properties, Deutsche Asset & Wealth Management and Endeavor Real Estate Group.