Regions
Ivanhoe Cambridge JV Buys 49% Stake in Downtown Manhattan Property for $150M
Ivanhoe Cambridge has added to its New York City office holdings with the acquisition of a 49 percent stake in 330 Hudson in Manhattan for $150 million.
INTERNATIONAL: DAMAC Tops Out $300M Luxury Residential Tower in Beirut
Leading Middle Eastern luxury developer DAMAC Properties has topped off a $300 million iconic residential tower in Beirut’s Solidere area.
Moinian Secures Loan for 3 Hudson Blvd.
Plans for 3 Hudson Blvd., the 1.8 million-square-foot tower being built by The Moinian Group in the Hudson Yards district on Manhattan’s Far West Side, are moving forward with news that the developer has secured a land loan from AIG’s Commercial Mortgage Lending Group.
NAREE Special Report: Hines’ Johnson Outlines New Development Preferences
Expect some changes as the commercial real estate development market heats up, Hines vice chairman C. Hastings Johnson told the audience at the NAREE conference in Houston.
Ascent to Develop New Data Center in St. Louis Tech Corridor for $85M
Ascent, a St. Louis-based provider of solutions for the development, design and operation of data centers, is expanding its footprint in its hometown, with plans to develop a new multi-tenant facility spread across 15 acres of a greenfield site.
Provenance Hotels, Thayer Lodging JV to Buy Hotel 1000 in Seattle
Provenance Hotels has entered a joint venture with Thayer Lodging Group to acquire the 120-key Hotel 1000 in downtown Seattle for what the Wall Street Journal reports to be $63 million.
Executive Insight, Mike Scilingo, Urban Innovations
Urban Innovations, an owner and manager of commercial real estate in Chicago, takes a unique viewpoint of its portfolio. Company president Mike Scilingo talks about where it’s seeking opportunity and next steps for its portfolio.
MIPIM Special Series – Part Three: The Emergence of Short-Term Retail Leases
The last in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.
INTERNATIONAL: Union Investment Acquires Landmark Weser Tower in Germany
Union Investment has bought the landmark Weser Tower in Bremen, Germany, in a deal that is deemed one of the most significant real estate transactions seen in the city.
NJ’s Revel Casino Files for Second Bankruptcy
The long-troubled Revel Casino Hotel in Atlantic City, N.J., will evidently be sold, now that its owner, Revel AC Inc., the parent company of Revel Entertainment Group, and certain of the former’s subsidiaries have filed for Chapter 11.