Regions
International: HOCHTIEF, Kondor Wessels JV to Build 280-Unit Residential Development in Berlin
HOCHTIEF Projektentwicklung, a subsidiary of the HOCHTIEF Group, has partnered with Kondor Wessels on the construction of CEDELIA, a 280-unit residential development in Berlin-Zehlendorf.
International: Laurus to Develop 323 KSF Retail Project in Nigerian Capital
Construction on Jabi Lake Mall, a 323,000-square-foot retail development in Nigeria’s capital, Abuja, is underway, according to project and development manager Laurus Development Partners.
Gaming and Leisure Buys Meadows Racetrack, Casino in Washington, Pennsylvania for $465M
Gaming and Leisure Properties, a REIT that spun off from Penn National Gaming late last year, has acquired The Meadows Racetrack and Casino in eastern Pennsylvania for $465 million from Las Vegas-based Cannery Casino Resorts.
Meridian Arranges $142M in Financing for 2 MSF Detroit-Area Office Complex
Meridian Capital Group has arranged a $142 million mortgage on behalf of 601 West Cos. for the latter’s purchase of Southfield Town Center in Southfield, Mich.
International: FRHI to Develop 7 New Hotels in MEAI Region
The MEAI (Middle East, Africa and India) region is set to see the development of seven new hotels operated by FRHI Hotels & Resorts.
Calvin Cafritz Lands $61M in Financing for 263-Unit Apartment Project in DC
With the assistance of commercial real estate services firm Cassidy Turley, Calvin Cafritz Enterprises has secured $61 million in financing for the development of 5333 Connecticut Ave., a 263-unit luxury apartment community in the Chevy Chase neighborhood of Washington, D.C.
International: DAMAC Launches New Phase at Capital Bay, New Property Management Company
One of the largest luxury real estate developers in the Middle East, DAMAC Properties, is releasing a new phase at its Capital Bay luxury multi-family project in Dubai’s CBD.
JLL, Golf Giant Norman Seek Investors for Australia’s $2B Reef Island Development
Global golfing giant Greg Norman, with the help of JLL, is spearheading a worldwide search for investors to capitalize on a $2 billion tourism project on Great Keppel Island, off central Queensland’s coast.
Avison Young Secures Sizable Investment in Germany
The fast-growing, Toronto-based commercial real estate services firm Avison Young has advised two Canadian pension funds in the acquisition and financing of a mixed-use, two-building complex in Cologne, Germany.
Mack Urban JV Breaks Ground on $50M M-U Project in Pasadena
Union Village, a new 118-unit luxury mixed-use residential project in Pasadena, has just gotten underway with a recent groundbreaking.