Cousins Properties is starting off the new year with a more than $300 million bang after closing a deal for a trophy office tower in Charlotte, North Carolina, to upgrade its portfolio of premium office properties throughout the nation's Sun Belt.
The massive transformation of one of Montreal’s most storied former industrial sites is two weeks from completing heavy demolition. Daniel Arbour, vice president of major projects at project partner Mach Group, describes the landscape of the former Molson Brewery as a “war zone” of industrial remnants.
One of the nation's largest insurance companies is adopting a shrunken real estate strategy, most recently with a move to offload more than half its space in a Philadelphia high-rise.
A two-building office complex in a popular district of Atlanta hit the sales market in a listing that may provide a litmus test on whether the office market is rebounding in the city’s larger neighborhoods and commercial districts.
Zagreb-based investment firm Prosperus Growth Sedam has received approval from the Zagreb Stock Exchange to acquire the remaining 1.1 million shares in Croatian hotel operator Medora Hoteli i Ljetovalista, or Medora Hotels & Resorts.
Winter Storm Fern wreaked havoc on U.S. hotel performance in the week of Jan. 25-31 as revenue per available room fell 4% on declining occupancy (-2.4 percentage points) and unresponsive average daily rate (+0.2%).
Global industrial development giant Prologis will lead work on a £3 billion expansion of a major United Kingdom biomedical hub as part of plans Cambridgeshire County Council says will secure the "long-term evolution of Europe’s foremost" life sciences campus.
JLL appointed David Kristjanson as global life sciences industry lead within its project and development services group. The brokerage said Kristjanson will advise clients on location, design and related matters in regard to biotech facility projects. JLL said it is increasing services in the property category as the life science industry undergoes its most significant realignment since the original biotech boom of the 1970s and 1980s.
Office vacancies in London’s Western Fringe, where employees rub shoulders with the wealthy residents of Kensington, Chelsea and Notting Hill, are falling amid rising demand for space beyond the West End heartlands and ongoing weak development.
Property firm Ediston has unveiled plans to redevelop Glasgow's Egyptian Halls into a 70-bedroom apartment hotel with a food market after being appointed by the council as the preferred bidder.
A high-profile Brookfield Place property across from the World Trade Center complex in lower Manhattan is closing on an $800 million refinancing loan, in another sign of increased investor confidence for top-tier office properties in New York.