Regions
Washington, DC, Trophy Office Tower Trades for $121M
A notable Washington, D.C., office building was recently sold for $121.4 million. The office tower lies in the East End submarket of the national capitol.
Hyatt Hotel Corp. Opens First Grand Hyatt in Malaysia
Hyatt Hotel Corp. will be opening Malaysia’s first Grand Hyatt, with first-class luxuries and amenities including impressive views of the city, dining on almost every floor, and state-of-the art technology banquet halls and meeting rooms.
Grosvenor Americas Acquires 360-Unit Seattle-Area Apartment Complex
Grosvenor Americas has bought a 360-unit community in Woodinville, Wash. The company plans to spend about $5 million to upgrade the apartment interiors and other bells and whistles.
Normandale Lake Office Park Fetches $268M in JV
Normandale Lake Office Park was acquired for $13 million more than the estimate industry experts had expected the joint venture deal to command in the sale.
Regency Centers Engages in Crowdsourcing to Lease Shopping Center in Baltimore
Regency Center is trying out a new trend called “crowdsourcing,” asking the public to recommend what stores and restaurants they’d like to see go into nearby shopping centers.
Alternatively Built M-F Development Uses Upcycling as a Hook
A new trend of alternative building for multi-family developments is on the rise. This trend uses upcycling, or the conversion of waste products into new uses.
Prudential Mortgage Capital Provides $200M Loan for Refinancing of Jersey City’s Newport Tower
Prudential Mortgage Capital administered a loan to Bentall Kennedy to fund the purchase of Newport Tower in Jersey City, N.J.
Manhattan’s Peter Cooper Village/Stuyvesant Town Under New Management
CompassRock is coming to the rescue of Peter Cooper Village and Stuyvesant Town and taking over the apartment complexes, effective today.
First Potomac Sells DC Office Development JV Interest for $43.7M
First Potomac Realty Trust has sold its 95 percent interest in 1200 17th St. to a Japanese buyer acting through its American subsidiary.
Bedok Mall Joins Ambitious M-U Development in Singapore
By Alex Girda, Associate Editor The Singapore mixed-use market is on track to see a large project take shape as the Bedok Mall, the area’s first major shopping mall, was announced for fourth quarter of 2013. Bedok is Singapore’s largest estate and the retail project is just a phase in a massive upcoming retail-residential-transport development, the first of its kind in the region. The Bedok Mall project will join the existing Bedok Residences and the forthcoming Bedok transport hub, consisting of the Bedok MRT station and the new bus interchange to complete the vision. The shopping mall will boast a…