News

In what may be a trend of the future, the Chun family is developing a 26-story, 385-foot high hotel, using a modular construction method to save time and money.

Upon completion, the Catalyst development will comprise three newly built class-A office buildings with two parking structures and one original class-B office building near Apple, Google, LinkedIn and Amazon.

Liberty announced its first quarter financial results on April 30 and noted that subsequent to quarter-end it had sold three office properties totaling approximately 74,000 square feet and 18 acres of land in Malvern, PA for $10.2 million.

HFF arranged a $59.8 million joint venture equity partnership with FRP Development Corp. and also secured $132 million through a national bank.

Prologis has held talks with GLP about acquiring the division, which could fetch more than $20 billion, sources say.

The new fund Driftwood QOF has already secured two opportunity zone investments—a joint venture for the development of a 218-key dual branded hotel Home 2/Tru by Hilton in Fort Lauderdale, and the redevelopment of a 10-story office building in Wilmington, DE into a 136-room IHG-branded urban hotel.