Regions
INTERNATIONAL: Grand Canal Land to Develop Tallest Skyscraper in Southeast Asia
Grand Canal Land is developing a 125-story “Super Tower” as part of Bankgok’s new central business district.
CBRE Arranges $158M Financing for Koll on Office Industrial Park in Irvine
The Koll Co. has refinanced Airport Business Center, a 1.2 million-square-foot office/flex industrial park in Irvine, Calif., to the tune of $158 million.
INTERNATIONAL: Ascott Expands into Europe, Asia
The Ascott Ltd. is expanding the network of its serviced residences by adding new facilities in Hangzhou, Hamburg and Jakarta.
Chicago’s Bridge Development Partners Opens NJ Office
Chicago-based Bridge Development Partners is continuing to expand along the East Coast by opening an office in Parsippany, N.J., and adding two new principals to run it.
INTERNATIONAL: Brookfield Canada Grabs Brookfield Place Calgary East Tower
Brookfield Canada Office Properties has bought Brookfield Place Calgary’s 56-story office tower, which is currently under construction.
Boylston Gets $57M in Financing for 157-Key Boston Hotel
Residence Inn Boston/Back Bay Fenway has been attracting the attention of Boston visitors since its opening last year, and now the 175-key extended-stay property has caught the eye of the lending community.
Greater Newark Housing Partnership Develops 2 Dozen Affordable Apartments in Newark, NJ
Greater Newark Housing Partnership has teamed with Parkmont Housing and Redevelopment to build 24 new affordable apartments in Newark’s Fairmount Heights neighborhood, inside an abandoned South 10th Street building, which once served as a psychiatric hospital.
Deka Immobilien, Ashkenazy Acquisition JV Buys Manhattan Retail Condo
German real estate company Deka Immobilien GmbH and Ashkenazy Acquisition Corp. have teamed up for the first time to acquire a two-level luxury retail condominium at 522 Fifth Ave. from Morgan Stanley.
IMT Buys 338-Unit M-F Property in Denver from Wood, CBRE
IMT Capital and affiliate IMT Residential have purchased Alta Alameda Station, “a luxurious and eco-conscious apartment home community” in Denver’s South Broadway neighborhood.
Construction Begins on $230M First Phase of M-U Project in Philly
East Market, a mixed-use project spanning a full city block in Philadelphia’s Center City, has moved from the drawing board to the ground as construction commences on the $230 million first phase of the four-acre development.