Regions
IHG to Develop 2 Additional Hotels in Germany
InterContinental Hotels Group has signed two additional hotels in Germany under two existing multiple development agreements with long-standing partners.
Executive Spotlight: Dan Mullen, Bedrock Real Estate Services
Under the guidance of Dan Mullen, Bedrock Real Estate Services, Quicken Loans’ privately held commercial real estate organization, has built up quite a portfolio.
Brookfield Asset Management Acquires Silicon Valley Office Campus
Brookfield Asset Management has acquired Rio Robles Technology Park, a 460,000-square-foot, eight-building office/R&D portfolio located in the North San Jose submarket of the Silicon Valley.
Skanska Develops Medical Building in Connecticut for $149M
Skanska USA is building a new 645,800-square-foot medical specialty building on the Stamford Hospital campus in Stamford, Conn., at a cost of $149 million.
Hyatt’s First Andaz-Branded Resort to Open in Bali
One of Hyatt Hotels Corp.’s affiliates has entered into a management agreement with P.T. Wynncor Bali for the opening of an Andaz resort in Bali.
SL Green Buys Ivanhoe Cambridge’s Stake in NYC Citigroup HQ
SL Green Realty Corp. will acquire Ivanhoé Cambridge’s stake in 388-390 Greenwich St. in Manhattan’s TriBeCa, thus assuming full ownership of Citigroup Inc.’s 2.6 million-square-foot headquarters in New York.
KBS REIT III Acquires Salt Lake City Office Tower for $170M
KBS REIT III has acquired 222 Main, a Class A, LEED Gold office tower in the center of Salt Lake City’s CBD, for $170 million.
W. P. Carey Acquires Siemens HQ in Oslo for $90M
W. P. Carey’s non-traded REIT CPA:18 acquired a new 166,000-square-foot office building from developer Oslo Business Park AS for $90 million.
Donaldson Group-Angelo, Gordon JV Buys M-F Complex in DC’s Maryland Burbs for $110M
The Donaldson Group and Angelo, Gordon & Co. have acquired Cider Mill Apartments, an 864-unit garden-style apartment community in Montgomery Village, Md.
Brookfield Multiplex Develops $160M Residential Project in Melbourne
Brookfield Multiplex has completed the construction of the $161 million The Quays residential project in the NewQuay precinct of the Melbourne Docklands.