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SL Green will use the sale proceeds to build upon its strategy of redirecting capital from dispositions in a healthy investment market to acquire its discounted stock shares.
CPPIB will have a 45% ownership interest in the Platform 16 joint venture. Boston Properties will retain the remaining 55% ownership stake and provide development, property management and leasing services.
Skanska USA Commercial Development's Dr. Joshua Harris talked micro-urbanism, tech trends, the idea of space as a service and more during the CREW Network Convention here Thursday afternoon.
The new structure for the investment management platform will strengthens Hines' ability to develop, acquire and operate real estate assets globally in partnership with institutional and retail investors.
The mixed-use project comprised of residential, office and retail will be constructed on one of the last remaining undeveloped corner tracts in the Katy Freeway corridor between 610 and Beltway 8.