Iconic London Building In Line For Makeover
October 12th, 2010A perennial reminder of Britain’s lost industrial might, the long-defunct Battersea Power Station is an iconic Art Deco building beloved of Londoners.
Two Indexes, Two Views on Commercial Real Estate
October 12th, 2010Green Street Advisors says the commercial-real-estate market hit bottom in mid-2009. Moody’s says not so fast. What are investors to do?
Starwood Poised to Conquer Viceroy
October 12th, 2010The group intends to take control of the 166-room resort on Anguilla after completing its purchase of the development’s mortgage at a discount last week.
Blackstone Stalks Familiar Prey in Hotel Hunt
October 12th, 2010Buyout giant Blackstone Group is taking aim at 14 hotels owned by Kentucky businessman Bill Yung III’s Columbia Sussex, in the latest case of the investment firm buying at the trough of the market a hotel asset that it sold at the peak.
REIT Eyes Shariah-Compliant IPO
October 12th, 2010Sabana REIT plans to raise nearly $460 million in what would be Singapore’s first IPO that complies with Shariah law.
Chinachem Plans Luxury Apartments
October 12th, 2010Chinachem paid a record price for a prime residential site in Kowloon at a government land auction, highlighting the resilience of Hong Kong’s property market.
REIT Eyes Shariah-Compliant Listing in Singapore
October 12th, 2010Sabana REIT plans to raise nearly $460 million in what would be Singapore’s first IPO that complies with Shariah law. The portfolio would have no connection to activities such as gambling, or products such as alcohol or pork.
In The Pipeline: CoStar Development and Construction News for Oct. 10-16
October 11th, 2010In this edition of Pipeline, New York-based Monday Properties will break ground this week on Washington, D.C.’s largest office tower; Hong Kong and Singapore investors have acquired one of the most prime real estate development sites in the country…
Hot Sauce Maker Adds Zip to 23-Acre Site in L.A. County
October 11th, 2010Seventh Street Development has broken ground on a $40 million corporate headquarters, manufacturing, and warehouse facility in Irwindale, CA, for Asian hot sauce maker Huy Fong Foods, Inc. It’s one of the largest commercial real estate projects started…
Sea Island Resort Acquired for $212.4 Million
October 11th, 2010The assets of Sea Island Co., the Georgia resort that fell on hard times and filed for bankruptcy protection in August, will be acquired by four firms for $212.4 million.
