Saturday, 16 November 2024

Commercial

'Clarion Partners LLC to Buy Manhattan Office Tower for $225 Million

Clarion Partners LLC, a popular real estate investment managing firm is under contract to buy a vintage office tower near Union Square in Manhattan, New York City for around $225 million, according to Bloomberg.

'General Growth Properties Bidding for Prime Manhattan Office Property

General Growth Properties, America’s second largest mall owning company is reportedly eyeing an exclusive commercial property in the Manhattan area of New York City.

'Climbing Escher- Style Stairway Loops at the London Design Festival 2013

For the London Design Festival, that is slated to be held from 14 to 22 September, dRMM, a famous architecture firm will be installing an almost “endless” wooden staircase, just outside St. Paul’s Cathedral in London. The project will be developed in association with Arup, a design engineering firm and the American Hardwood Export Council.

EDITOR'S PICKS

'Touring Nate Berkus Associates’ ‘Converted’ Chicago Headquarters (PHOTOS)

Interior decorator and television host Nate Berkus could best be described as “an angel who, with a wave of his hands, could transform any rubbish place into a cool, chic and an awesome area” and that is exactly what he has done to his design firm, Nate Berkus Associates headquarters in Chicago.

By Rapti Gupta
'Cuba Set to Get Luxury Golf Course Project; To be Designed by Tony Jacklin

It has been a long time since Fidel Castro, the Cuban Communist revolutionary, played a few strokes of golf with his radical counterpart, Che Guevara and fifty years since the former ordered all the golf courses to be shut down because he thought that the game was a hobby for the elites. However, times have changed and the island of Cuba has decided to cater to the demand of affluent tourists rather than comply with the late president’s orders. Cuba’s government has approved a luxury golf course project which will be designed by golfing legend, Tony Jacklin.

By Rapti Gupta
'St. John’s University Selling Manhattan Campus

St. John’s University in New York has agreed to sell its campus located at 101 Murray Street in lower Manhattan to a consortium of developers including famous builder, Steven Witkoff and real estate firm, Fisher Brothers for an amount that is expected to exceed $200 million. The consortium hopes to replace the building with condominiums, according to several media reports.

By Rapti Gupta
'A Look at Nominees of 2013 Doory Awards “Converted Homes” Category (PHOTOS)

Living in a completely renovated home, or rather, a converted home is a completely different experience. As the saying goes, “Cool is when vintage meets modern”, converted homes personify the saying quite perfectly.

By Rapti Gupta
'Blackstone and Prologis to Acquire $960 Million Warehouse Portfolio

A unit of Blackstone Group LP, a popular real estate firm and Prologis, a real estate Investment Trust has agreed to purchase a 17 million square feet warehouse portfolio worth $960 million, according to several media reports.

By Rapti Gupta
'Ford Closing Two Plants in Australia

Ford Motor Co., the popular automobile manufacturing firm announced on Thursday, May 23 that it will be closing down two of its plants in Australia and will be shutting down all production in the country by October, 2016 on constant accumulated losses.

By Rapti Gupta
'Asia Pacific Markets Have Highest Warehouse Rentals, CBRE report

Warehousing and logistics rents are the highest in Asia-Pacific Markets. According to a survey conducted by CBRE Group, the world’s largest commercial real estate services firm, six Asia Pacific cities were among the top ten most expensive logistics rental areas.

By Rapti Gupta
'London’s Royal Dutch Shell Center Redevelopment Plans Approved

A redevelopment plan of the site at Royal Dutch Shell Center on the southern banks of River Thames has been given the green light by the local council. Canary Wharf Group, a popular construction firm and Qatari Diar, a sovereign wealth fund of Qatar will be developing the site in a joint venture.

By Rapti Gupta
'China’s Sky City One to Break Ground in June; To Be Completed in 210 Days (VIDEO)

“Sky City One”, the future tallest skyscraper of the world is all set to break ground in June 2013, according to The Broad Sustainable Group, developers of the building. The Group announced in a statement that it has received all building permits and approval to start construction on the 2749 meter high-rise and will complete building in 210 days.

By Rapti Gupta
'BlackRock to Buy Real Estate Firm MGPA

BlackRock Inc., the world's largest asset manager, announced Tuesday an agreement to acquire MGPA, a London-based private equity real estate investment manager.

By Staff Reporter
'Airbnb has been Deemed Illegal in New York City

A stay in a New York hotel can be expensive which is why Airbnb - a platform where New Yorkers can rent out rooms in their homes - was very appealing to tourists, but now a judge has ruled the service illegal in the city.

By Staff Reporter
'BlackRock Buying MGPA Private Equity Firm Marking its Debut in Asian market

BlackRock Inc., a popular asset management firm has agreed to acquire MGPA, a Singapore based private equity firm for an undisclosed amount, according to various media reports. BlackRock’s acquisition plan comes in an effort to increase its real estate assets, world-wide and also marks its debut in the Asian market.

By Rapti Gupta