Regions
Brennan Investment Grabs National Industrial Portfolio for $155M
In a joint venture with London-based Gatehouse Bank plc, the private real estate investment firm acquired a national industrial portfolio from an affiliate of AIC Ventures.
Jones Lang LaSalle Scores Contract as U.K. Corporation's Exclusive Global RE Advisor
Jones Lang LaSalle’s corporate solutions group has been named the exclusive real estate services advisor for U.K.-based Logica’s worldwide property portfolio.
PREI, Urban Pacific Turn Dirt on 52-Story Condo High-Rise in San Francisco Hotspot
Demand for such dwellings is so substantial that the developers have committed to paying the city of San Francisco a $15.1 million fee to compensate for the exclusion of below-market-rate units.
Federal Realty Breaks Ground on 3.4 MSF Mixed-Use TOD in Rockville
The REIT is investing $250 million in the project’s first phase, a Federal Realty spokesperson told Commercial Property Executive.
Kennedy Wilson Buys Anaheim Office Building for $56M
The company bought the 273,000-square-foot asset in Anaheim, Calif. for $56 million–a significant discount to the $71.1 million price the property fetched in 2005.
Hyatt Plants More Flags in the Caribbean, India
A Hyatt affiliate will manage a 200-key hotel in St. Kitts as part of the $1 billion Christophe Harbour master-planned community.
Oracle Signs 200,000-SF Lease at Under-Construction Office Park in Romanian Capital
Technology giant Oracle Corp. recently committed to a 215,000-square foot, 10-year lease in a currently under-construction office complex in Bucharest, Romania.
DreamWorks to Design Theme Park for $3.7B N.J. Meadowlands Project
The DreamWorks indoor theme park will be a major attraction for American Dream at Meadowlands, the 7.5 million-square-foot project that Triple Five is developing in East Rutherford, N.J.
Golden State’s Optimism Yields Development Plans: Allen Matkins/UCLA Report
Optimism about the CRE sector in California has been strong enough, for long enough, that new development is expected to pick up this year, especially in the industrial sector. The outlook is also brightening for office and multi-family, the latter of which was included in the semiannual report for the first time.
Update: CBRE Global Investors Plans Upgrade of Newly Purchased 400 S. Hope
Trophy office assets in downtown Los Angeles are not easy to come by, but CBRE Global Investors has just gotten its hands on a big one, the 701,500-square-foot tower at 400 S. Hope St. And it has big plans to improve the asset’s double-digit vacancy rate.