Mixed Use
Brookfield Sells $340M Houston Building to Chevron, Secures Company’s Lease Renewal Next Door
Chevron Corp. has certainly done its part to keep the Houston office real estate market active and Brookfield Office Properties has played a big role in the effort. The energy giant just acquired its 1.3 million-square-foot home base at 1400 Smith St. from Brookfield for $340 million.
JV Buys Mixed-Use Project
Canyon-Johnson Urban Funds and McCaffery Interests have joined forces to acquire and reposition the Roosevelt Collection, a mixed-use project in Chicago’s South Loop submarket.
Forest City to Develop Mixed-Use in Dallas
Forest City Enterprises Inc. has big plans for the Dallas suburb of Frisco. The real estate company, acting through its Forest City Commercial Development subsidiary, has entered into a memorandum of understanding with the city and the Frisco Community Development Corp. to create Frisco North, a 320-acre mixed-use development that will sprout up in phases over an undetermined number of years.
UC Davis Near Completion on First Phase of Massive Zero Net Energy Community
Work is nearly complete on the first phase of UC Davis West Village, which the university is calling the “largest planned zero net energy community,” in the country. That means that the property will ultimately generate at least as much, and possible more power than it consumes.
Chicago’s One Superior Place Changes Hands
The 809-unit apartment and retail tower was purchased by One Superior Place Leasehold L.L.C. and One Superior Place Fee L.L.C., two entities controlled by Hartz Mountain Industries.
OliverMcMillan Restarts Project
There will be an investment of $300 million to bring The Streets of Buckhead to life. The mixed-use project will ultimately consist of an array of luxury commercial and residential components spanning six blocks in the tony neighborhood.
Dallas Multi-Family Project Cinches Loan
The 341-unit property is scheduled to open next year in the city’s Design District.
ProLogis to Sell $505M Portfolio
Taking yet another step in its restructuring strategy, ProLogis has arranged to sell a portfolio of retail, mixed-use and ground lease assets located in the U.S.
USAA Buys Land for 167,200-SF Project
Known as 1900 Wilson, the development comprises 191 Class A multi-family units totaling 149,915 square feet as well as 17,317 square feet of street-level retail.
Cambridge Mixed-Use Life Sciences Property Gets $175M in Financing
KBS Real Estate Investment Trust II provided Beal Cos. L.L.P. and Rockwood Capital Corp. with the sizable first mortgage loan that will be used to refinance the 665,000-square-foot One Kendall Square mixed-use life sciences property in Cambridge, Mass.