Regions
Morgan Stanley Fund Grabs 50% of Boston Trophy Building
In a deal that was first reported by Bisnow, a Morgan Stanley real estate fund has acquired the Blackstone Group’s 50 percent share of One Post Office Square, a 40-story office building in Boston’s financial district, for a reported $550 million.
Manulife Launches SOM-Designed Office Project in Downtown Calgary
Manulife Real Estate is developing 707 Fifth St., an elliptical 27-story office tower slated to rise in the heart of downtown Calgary.
Skanska USA Develops Office Tower for PricewaterhouseCoopers in Boston’s Seaport Square
Skanska USA Commercial Development Inc. is investing $265 million in a 440,000-square-foot office building in the Seaport District of Boston that will be occupied primarily by PricewaterhouseCoopers.
Clarion Sells One Metro Center in DC to Jamestown for $307M
Clarion Partners has completed the sale of One Metro Center, a seven-story, 415,300-square-foot, trophy Class A building in the East End submarket of Washington, D.C., for $307 million to Jamestown Properties.
Hines to Develop 54-Story M-U Project in Shanghai
Hines has won the bid for a site in Shanghai’s Jing An business district, to develop a 54-story mixed-use project on a 193,034-square-foot parcel.
Brookfield Multiplex Nabs Green M-F Contract in Melbourne
Leading global contractor Brookfield Multiplex has taken yet another tasty bite out of the Australian real estate development market, snagging the construction contract for Phase III of Far East Consortium’s Upper West Side mixed-use project.
JLLIPT Buys 442 KSF, Class A Industrial Building in Joliet, Ill.
A 442,484-square-foot, Class A industrial building in the I-80 corridor of Joliet, Ill., attracted numerous bidders when its institutional seller put it on the market, but Jones Lang LaSalle Income Property Trust came away with the fully leased distribution center at 3500 Corporate Drive.
JRK Buys 714-Unit M-F Property in Tacoma for $65M
JRK Investors has snapped up Tacoma, Washington’s largest apartment property, the 714-unit The Westridges, in a transaction valued at $64.5 million.
Chinese Developer Breaks Ground on World’s Tallest Building, Despite Skepticism Surrounding Project
One of the more puzzling high-profile development projects in recent years is reportedly still on track after China Broad Group held a groundbreaking event for its world’s tallest building plan.
Hyatt to Partner with Playa Hotels & Resorts, Add All-Inclusive Resorts to Portfolio
A wholly owned Hyatt subsidiary intends to form a partnership agreement with Playa Hotels & Resorts B.V. and enter the all-inclusive resort segment.