Mixed Use
MetLife JV Buys Iconic Seattle Office Tower
A joint venture comprising MetLife and an institutional real estate investor advised by Clarion Partners has purchased 1201 Third Ave., an Art Deco–inspired Class A building that is Seattle’s second-tallest office tower.
Zeckendorf Kicks Off Development of $500M Condo Project Near United Nations
A groundbreaking event has marked the start of 50 United Nations Plaza, an upscale condominium property adjacent to the United Nations headquarters in Manhattan.
344 KSF Masdar, International Renewable Energy Agency HQ Break Ground
Masdar City, the low-carbon, low-waste, emerging cleantech cluster and one of the most sustainable communities and mixed-use developments in the world continues its trailblazing development in United Arab Emirates.
Oxford Properties to Build $3B M-U Redevelopment Project in Downtown Toronto
Oxford Properties Group, one of Canada’s largest pension funds, has unveiled its proposal for a $3-billion-plus mixed-use project in downtown Toronto.
Emaar Properties Launches Two M-U Projects in Cairo
Developer of the Burj Khalifa, Emaar Properties PJSC has recently launched two ambitious projects: the mixed-use Emaar Square in Uptown Cairo and Boulevardi in Cairo.
Related Midwest Takes Long-Stalled Chicago Tower on New Course
Shovels are traditional for ground-breaking ceremonies, but Related Midwest’s restart last Thursday of another developer’s downtown Chicago high-rise, stagnant since 2008, reportedly used a sledgehammer instead.
Union Investment Acquires Poland’s Largest Shopping Center in Europe’s Biggest Single Retail Asset Deal of the Year
Union Investment Real Estate AG has closed on the $505 million acquisition of Manufaktura regional shopping center in Łódź, Poland, for the open-ended real estate fund Unilmmo: Deutschland.
Rezidor to Open Park Inn by Radisson Astana in Kazakhstan
The Rezidor Hotel Group, a member of the Carlson Rezidor Hotel Group, has announced plans to open the Park Inn by Radisson Astana in Kazakhstan.
Vornado Buys 25 Percent Interest in $475M Debt on Times Square Project
Vornado Realty has acquired a 25-percent participation in the $475 million first mortgage and mezzanine loan on the property at 701 Seventh Ave. in Manhattan.
Archstone Buys 167 KSF M-F Property in L.A. Area
Decron Properties sold the 167,000-square-foot, mixed-use apartment complex to Archstone for approximately $44 million.