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Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
SL Green to Buy, Sell in Two Deals Totaling $745M
It’s not every day that a real estate company announces it has signed deals involving two properties valued at an aggregate three-quarters of a billion dollars.
Capital One Wraps $277M Loan Syndication for Brooklyn M-F Tower
The 554-unit high-rise will mark the final phase of Douglaston Development’s Edge mixed-use project in the Williamsburg section of Brooklyn, N.Y.
INTERNATIONAL: Amazon to Open 431,000-SF London Office in 2017
Amazon Inc. recently announced plans to depart its U.K. base of 16 years in Slough, Berkshire, and move to a brand-new office in east London in 2017.
Inland Set to Acquire 15-Property Retail Portfolio for $318M
Inland Real Estate Income Trust Inc. is adding 15 retail centers located across eight states to its portfolio.
PM Realty Group Brings M-F Management Services In-House
The diversified service firm has brought property management under its own roof and tapped former Omnium Management Co. executive Joan Maxwell to lead its expansion.
INTERNATIONAL: Kempinski Plans November Debut for Luxury Hotel in Myanmar’s Capital
Europe’s oldest luxury hotel group, Kempinski Hotels, will open its first property in Myanmar on Nov. 1.
Neiman Marcus’ Planned NYC Debut Marks a Retail Milestone, Insiders Say
The Dalas-based luxury retailer is the latest high-profile addition to the retail roster at Related Cos.’17 million-square-foot mixed-use project on Manhattan’s West Side.
Executive Spotlight: Riggs Kubiak, Honest Buildings
Riggs Kubiak, founder & CEO of Honest Buildings, talks about his formation of a platform that New York real estate developers and owners can use to connect with architects, contractors and other vendors.
In $183M Deal, Vail Acquires Park City Ski Resort from Powdr
Ending a legal battle, Vail Resorts is buying Powdr’s top-ranked ski destination in Park City, Utah, for $182.5 million..