Regions
$10B Development Project in Ghana to Feature Tallest Building in Africa
One of the most ambitious development initiatives on the African continent, Hope City Development, recently held a sod cutting ceremony, in the presence of a number of state officials and business partners of the massive project.
Maguire Recapitalizes LA Office Campus with $105M Loan
Maguire Investments has recapitalized Water’s Edge, its two-building, 6.5-acre “creative office campus” in LA’s Playa Vista submarket, with a $105 million loan.
SL Green Closes $925M in Financing for Iconic NYC Building
SL Green Realty has arranged $925 million worth of bridge acquisition financing for New York City’s iconic Sony Building at 550 Madison Ave., which was purchased by New York-based developer The Chetrit Group for $1 billion from Sony Corp.
Ivanhoé, TPG, DivcoWest JV Acquires Sizable Silicon Valley Portfolio
M West Properties, a partnership of Ivanhoé Cambridge and affiliates of TPG Real Estate and DivcoWest, has closed its $400 million-plus purchase of 73 buildings in California’s Silicon Valley.
Simon Fairchild & Jim Valente: Global Performance
IPD North America’s Simon Fairchild and Jim Valente comment on which countries and regions are showing the best real estate performance, during IPD’s U.S. Real Estate Investment Forum, at which they released the PREA/IPD U.S. Property Fund Index.
Omni Obtains $250M in Financing for Three Hotels
Omni Hotels Corp. has gotten its hands on a total of $250 million in financing for a group of three properties encompassing the Omni Fort Worth, Omni Houston and Omni Chicago.
Paladin Realty Forms JV with Brazilian Homebuilder, YOU
Paladin Realty Partners, a real estate investment fund manager focused on Latin America, has formed a new programmatic joint venture with YOU Inc. Incorporadora e Participações S.A. to develop middle-income housing in São Paulo, Brazil.
Anatomy of a Cleanup: Getting Ready for Redevelopment
Scores of communities are remediating old industrial sites and hoping to attract investors and developers to put them to new use. Here’s an inside look at how RACER Trust is cleaning up a massive old GM site in Massena, N.Y.
Trigild, Blu Hotel JV Buys 121-Room Santa Ana Hampton Inn & Suites
Just five months after forming a strategic alliance to build, buy and operate hotel properties, Trigild and Blu Hotel Investors have made their first acquisition, the Santa Ana Hampton Inn & Suites in Santa Ana.
Orbach Group Grabs 178-Unit NYC Apartment Portfolio for $70M
Keen on Manhattan’s Upper West Side, The Orbach Group has enhanced its presence in the area with the addition of a three-property apartment portfolio sited along 107th Street.