Regions
JLL to Manage 640 KSF at Suburban DC Headquarters Campus
Jones Lang LaSalle’s management responsibilities in suburban Washington, D.C., just grew by 640,000 square feet. The commercial real estate services firm has been tapped by The Meridian Group to manage three buildings at the 18-acre Solutions Plaza corporate headquarters campus in Tysons, Va.
What Vornado’s 655 Fifth Ave. Buy Means for Manhattan’s CRE
Vornado Realty Trust has grabbed another prime Fifth Avenue location just as the retail rents there are passing $3,000 per square foot, paying $278 million for a majority stake in 655 Fifth Ave., a retail and office property with 50 feet of frontage on Manhattan’s Fifth Avenue.
Winthrop Snaps Up 4 Class A Apartment Buildings for $246M
Winthrop Realty Trust has agreed to buy four Class A luxury apartment buildings from ST Residential for an aggregate price of $246 million.
Tishman Speyer Grabs Iconic Chicago Tower
Global real estate owner, operator and developer Tishman Speyer now has 10 Chicago properties in its portfolio after closing on the acquisition of 190 South LaSalle, a Class A building in the city’s Central Loop, from CBRE Global Investors for a reported $211 million.
First Ritz-Carlton Hotel to Open in Tel Aviv
One of the largest luxury hotel groups is set to open its first Israeli location – The Ritz-Carlton Herzliya, in an upscale residential town north of Tel Aviv.
$2B Urban Rejuvenation Project in London Under Development
The construction of One The Elephant, a 284-unit multibillion-dollar residential development designed by Squire and Partners, has finally kicked off in London.
Godrej to Develop 2 Residential Projects in India
The real estate arm of the Godrej Group, Godrej Properties Ltd., of Mumbai, has entered into two new development agreements: to develop a 13.8-acre property in Gurgaon, and to increase the size of its project in Panvel.
Fairway Market to be Anchor Food Market at Hudson Yards
Fairway Market has become the latest company to lease space in the South Tower of the Hudson Yards project, taking nearly 46,000 square feet on the ground floor of the first office high-rise to be built in the 28-acre mixed-use development on Manhattan’s West Side.
Chicago’s New Outlet Mall Setting a Trend
Developed by AWE Talisman and Macerich, the $250 million, 530,000-square-foot, two-level center is anchored by Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus, Saks Fifth Avenue OFF 5th and Forever 21.
JLL to Expand in Metro Kansas City with Acquisition of Capital Realty
Jones Lang LaSalle has its eye on the blossoming industrial real estate market in metropolitan Kansas City, Mo., and the commercial real estate services firm will increase its platform in the market in one fell swoop with the acquisition of Capital Realty.