Regions
Michelin Inks 1.7 MSF Lease at RidgePort Logistics Center in Chicago Area
Tire-manufacturing giant Michelin has entered into a build-to-suit agreement under which it will lease 1.7 million square feet of distribution space at the RidgePort Logistics Center in Wilmington, Ill.
MIPIM Special Series — Part Two: Bringing Logistics Back into the City Through Mixed-Use Developments
Associate editor Adriana Pop presents a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March. The first report focused on Shared Buildings and Spaces. The third will address the Emergence of New Retail Models in Urban Environments. Should logistics be permitted in the heart of urban areas? That question was addressed during the “Functional Diversity” session at the MIPIM Innovation Forum in March. The topic arose from a successful shared space project—a mixed-use property incorporating logistical space—highlighted in the newly released second issue of the Real Estate and Sustainable Development…
NGKF Enhances Presence Throughout South America
Newmark Grubb Knight Frank has created a sizeable footprint in South America with the addition of 50 senior-level advisors in Argentina, Brazil, Chile, Colombia and Peru.
International: Prologis to Develop 3 New Logistics Facilities in Japan
Leading owner, operator and developer of industrial real estate Prologis is set to build three new inventory logistics facilities in the Tokyo area.
Carlton Closes $100M Lower Manhattan Condo, Hotel Pre-Development Loan
The Carlton Group has arranged a $100 million pre-development loan for a hotel and condominium project on Manhattan’s Lower East Side.
Projects Compared: Decoupling Strategies for Improved Ventilation
Decoupling ventilation from temperature control is improving energy efficiency while improving indoor air quality. A look at how three of North America’s most energy-efficient sizable office buildings are approaching this strategy.
Beacon JV Acquires $100M Chicago Loop Office Tower
Beacon Investment Properties , in a joint venture with Harel Insurance, Investments and Financial Services Ltd, of Tel Aviv has bought a 23-story office tower in Chicago’s West Loop from Monroe Acquisition for $100 million.
International: Nobu Hospitality Expands into London with New Hotel
The luxury hospitality brand will be developing its first European hotel – the Nobu Hotel Shoreditch London – which is currently under construction, slated to open in the first quarter of 2016.
SL Green Refinances Manhattan’s 388-390 Greenwich St. for $1.4B
SL Green Realty Corp. has refinanced 388-390 Greenwich, the 2.6 million-square-foot Manhattan office complex occupied in its entirety by an affiliate of Citigroup Inc., to the tune of $1.45 billion.
NBA’s Lakers to Buy 5 Acres for New Training Center at L.A.-Area M-U Campus
The Los Angeles Lakers need a place to practice shooting hoops, so the NBA franchise has signed a deal to acquire a five-acre site at the Elevon at Campus El Segundo project in El Segundo, Calif.