News/Events
L&G, Taurus Partner on Ground-Up Multifamily Project in Greater Boston
L&G’s Asset Management business in the U.S. has acquired a development site at 292-294 Baker Ave. in Concord, MA and plans to begin construction on a two-building, 201-unit multifamily community. The company’s first ground-up development in the U.S., the project continues L&G’s partnership with Taurus Investment Holdings, LLC. The investment is being made on behalf…
Ken Griffin, Vornado, Rudin to Form JV for $6B 350 Park Ave. Development
Vornado Realty Trust and Rudin Management have formally agreed to enter into a joint venture with an affiliate of Kenneth C. Griffin, Citadel’s founder and CEO (KG), to develop a 1.9-million-square-foot trophy office building at 350 Park Ave. In connection with the development, Citadel will lease 1.05 million square feet for 15 years as its…
Vacant Arizona Center Office Tower Converting to JW Marriott Hotel
LaPour Partners plans to transform a once-thriving 19-story Phoenix office tower into a 340-room hotel. The Phoenix Business Journal reports the repurposed property at 400 E. Van Buren St. will be across the street from another signature hotel, the 1,000-room Sheraton Phoenix Downtown. Arizona Center was built in the early 1990s but has fallen into…
Texas Pauses Data Center Power Connections, Which Could Speed Up Rapid Development
Gov. Greg Abbott's pause on data center connections aims to regulate power demands and boost established developers in Texas.
Pied-À-Terre Tax Won't Deter Buyers Long Term, Developers Say
NYC's pied-à-terre tax caused short-term market shifts, but developers say the market will adjust.
Sponsored Content: The Latest In Hotel Design: A Reminder To Touch Grass
A principal at a landscape architecture firm shares insights on the latest in hotel design, emphasizing localism and biophilia and bringing the outside in.
GO Residential, Blackstone, Others Get H&R REIT Assets In $4.8B Breakup Deal
GO Residential REIT leads $4.8B H&R REIT asset acquisition with Blackstone, Crestpoint and PSP.
Fermi Finally Secures Project Matador Tenant In A $6.5B Deal
Fermi finally landed its first tenant for the data center campus Project Matador, which had run into construction and financial setbacks.
Commanders Pick Clark Construction, 2 Others To Build D.C. NFL Stadium
A joint venture between Clark Construction Group, Mortenson and Smoot Construction Co. are set to build the 65,000-seat stadium.
