Regions
SBE Closes Purchase of Morgans Hotel Group
The transaction, valued at $805 million, more than doubles the number of hotels in the company’s portfolio.
QIA Pays $175M for The St. Regis San Francisco
The sovereign wealth fund of the State of Qatar acquired the 260-key hotel from Marriott International.
Nike Signs Blockbuster Lease on Fifth Avenue
SL Green signed a lease with the sports apparel giant, which will open a huge flagship store on the southwest corner of West 52 Street, across from Cartier and Olympic Tower.
Downtown Denver Office Towers Command $154M
Franklin Street Properties has snagged the 613,527-square-foot Dominion Towers with the help of JPMorgan Chase Bank.
Electric Car Company to Build $700M Facility in Arizona
Lucid Motors’ new manufacturing center will create more than 2,000 new jobs by 2022.
Alexandria Wins Nod for Merck R&D Project
The REIT will develop a 294,000-square-foot, LEED-Platinum facility in South San Francisco for the pharmaceutical giant.
Roadside Development, NASH Snag Fannie Mae HQ
The developers are eyeing mixed-use redevelopment after paying $89 million for the GSE’s property.
UVA Hospital Overhauls Charlottesville Campus
Skanska USA is in charge of the $142 million renovation and expansion, which is scheduled for completion in 2020.
Economy Watch: Econony Adds 178K Jobs in November
The national unemployment rate also dropped to 4.6 percent, the lowest it’s been since before the recession.
Adam Meil Joins UA Builders Group
With clients like WeWork, CBRE and Foursquare, UA Builders is expanding its team with the hiring of Meil as director of building information modeling and engineering services.