Regions
AREP-Investcorp JV Purchases Metro DC Office Complex
A joint venture of American Real Estate Partners and Investcorp has acquired Canal Center, a four-building, 540,000-square-foot Class A office complex on the Potomac River in Alexandria, Va.
INTERNATIONAL: Invesco Buys Office Project in Prague from Skanska
The Riverview office project in Prague traded hands as Invesco Real Estate purchased the asset from Skanska Property Czech Republic.
Voit to Manage, Reposition 2 MSF Industrial Portfolio in Reno
The Reno office of Voit Real Estate Services will provide property management and repositioning services for two industrial portfolios totaling more than 2 million square feet in Reno for Northwestern Mutual.
Thor Equities JV Buys Manhattan’s 530 Fifth Ave.
Thor Equities continues building up its presence on Manhattan’s famed Fifth Avenue, closing on the purchase of 530 Fifth Ave., a 26-story office and retail building, for $595 million.
INTERNATIONAL: Hyatt, PRISA JV Breaks Ground on Hyatt Place San Juan
A joint venture between Hyatt, PRISA Group and McConnell Valdes Consulting has broken ground on the 149-room Hyatt Place San Juan hotel in Puerto Rico.
Golub & Co. Breaks Ground on 45-Story Apartment Building in Chicago’s Streeterville
A joint venture between Golub & Co. and GID has broken ground on a 45-story apartment high-rise, at 545 N. McClurg Court in Chicago’s Streeterville neighborhood.
Forest City Selling 55% Stake in Barclay’s Center
Forest City Enterprises appears ready to sell its majority stake in the Barclays Center arena, the crown jewel in its $4.9 billion Atlantic Yards project in downtown Brooklyn.
NGKF Tapped to Lead Retail Leasing at NYC’s Grand Central Terminal
Newmark Grubb Knight Frank has won one of the most coveted retail leasing assignments at one of the best-known sites in the country: Grand Central Terminal.
Sustainable Hudson Yards
The Related Cos.’ innovative mixed-use mega-project Hudson Yards will feature a highly advanced microgrid.
Pioneer Spirit: Arturo Sneider
For more than two decades, Los Angeles-based Primestor Development Inc. has been introducing national retail brands to urban communities long bypassed by others. Under CEO Arturo Sneider, the company brings together elected officials, community leaders, lenders and other stakeholders and creates architecturally appealing projects with a varied lineup of retailers carefully tailored to the community’s needs.