Regions
George Smith Partners Arranges $51M Bridge Loan for Renovation of M-U Property in Newport Beach, Calif.
The Lido Marina Village, a mixed-use property in Newport Beach, Calif., is ready for renovation now that a $51.4 million loan has been arranged, courtesy of George Smith Partners.
Hyatt, LATAM JV to Develop 10 Hotels in Central America, Mexico
An affiliate of Hyatt Hotels Corp. has entered into a master development agreement with LATAM Hotel Corp. to develop 10 Hyatt Place hotels in Central America and Mexico, and Hyatt affiliates have entered into franchise agreements with LATAM for the first five hotels.
DDR Sells Brazilian Retail Investment for $344M
DDR Corp. has sold its 50 percent ownership interest in Sonae Sierra Brazil BV Sarl, a Brazilian retail center, to German investor Alexander Otto for $344 million.
International: Skanska U.K. to Build London Office Project for $160M
Skanska U.K. has completed an agreement with developer Helical Bar for the construction of a London project valued at $160 million.
Marcus & Millichap Expands into Canada, Opens 3 Offices
Marcus & Millichap has entered Canada with not just one office, but three: in Toronto, Vancouver and Calgary.
International: Brookfield Multiplex Builds $111M M-F Tower in Australia
Brookfield Multiplex has secured the building contract for a $111 million residential high-rise in Surfers Paradise, Australia, which is being developed by Ho Bee Land Ltd.
European Retailer Primark Signs First U.S. Lease in Boston
Dublin-based budget fashion retailer Primark has signed a long-term lease for four floors in the eight-story Burnham Building, part of the Millennium Tower development in downtown Boston.
LinkedIn’s Lease at Tishman’s San Francisco Tower—Trend Among Tech Companies
Technology companies continue to power the hot office market in San Francisco, with LinkedIn announcing it is leasing the entire 26-story office building Tishman Speyer is constructing at 222 Second St.
Federal Capital Partners, Roi-Tan JV Buys Historic Cigar Factory in Charleston, SC
The historic Cigar Factory building in Charleston, S.C., is destined for a major makeover now that joint venture partners Federal Capital Partners and Roi-Tan Investments have acquired the 245,000-square-foot office structure and announced plans for its $55 million transformation into a premier mixed-use office and retail property.
Cardinal, Capital Solutions Receive Financing for East Denver M-F Community
A joint venture between Cardinal Group Investments and Capital Solutions has secured a 12-year fixed-rate loan for financing for Fairways at Lowry, a 450-unit multi-housing community in the Lowry submarket of Denver.