Regions
Jabal Omar Development to Open 10 Hotel Towers in Mecca
Jabal Omar Development is planning to open 10 hotel towers in Mecca, to accommodate the growing number of annual Islamic pilgrimages to the area.
Newcastle Bullish on Seniors Housing
Newcastle Investment bought eight seniors housing properties in five western states. The increasingly growing need for seniors housing influenced the company’s acquisition.
Pantzer Grabs M-F High-Rise in Metro D.C. for $168M
Panzter Properties has bought an 891-unit high-rise complex in Silver Spring, Md., for $168 million.
Sabal Buys $121.5M in CRE Loans
Sabal Financial Group, L.P. has acquired a$121.5-million portfolio from a bank that includes 44 loans and properties in seven different states.
Kennedy Wilson Partnership Picks Up $449M Irish Loan Portfolio
Kennedy Wilson has partnered with Deutsche Bank AG’s European Commercial Real Estate Group to buy a loan portfolio secured by commercial real estate assets in Ireland.
Beech Street Closes $371M Loan Package for 5,517-Unit M-F Portfolio
Beech Street Capital Inc. has provided the funding for the recapitalization of a 5,517-unit apartment portfolio in Maryland.
UA to Move HQ to Willis Tower, Space to Total Over 800 KSF
United Airlines will be moving into Chicago’s iconic Willis Tower in what is reported as the largest office lease transaction in the city’s history.
Cervalis to Lease BTS Data Center in Connecticut
Cervalis LLC will lease a new-construction data center and disaster recovery center in Norwalk, Conn. The project is the largest lease in the county so far this year.
Lubert-Adler/Farbman JV Buys Office Building in Chicago’s West Loop for $75M
Lubert-Adler and The Farbman Group collaborated in the purchase of West Monroe, a Class B office property that is currently 80 percent occupied.
Calkain Cos. Opens St. Louis Office to Capture Midwest Market
Calkain Cos. has opened an office in St. Louis, viewing the Midwest as a largely underserved market. The company has tapped broker Teal Henderson from its Tampa office to run the new location.