Property & Real Estate

PROPERTY NEWS

JAN 22, 2018

Australia:

Grocon, Aqualand and Scentre Group awarded central Barangaroo precinct

A consortium led by Grocon in partnership with Aqualand and Scentre Group has been selected by the Barangaroo Delivery Authority to deliver Central Barangaroo which will complete the transformation of the Barangaroo precinct.

DoubleTree by Hilton Hotel Chicago

For Sale

PROPERTY:

DoubleTree by Hilton Hotel, Skokie, Chicago

The DoubleTree will be offered encumbered by brand and unencumbered by management.

Location:

Unmatched location:

  • just steps away from Westfield Old Orchard Shopping Center, one of Illinois’ premier shopping centers with over 12.5 million annual customer visits
  • within one of Chicago’s most populous and affluent suburban areas
  • its proximity to Lake Michigan
  • close to Northwestern University, one of the nation’s most prestigious higher education institutions
  • the Hotel benefits from the North Shore’s dynamic corporate, group and leisure markets, that make the area an attractive hotel investment opportunity.
  • it is situated less than one-half mile from Interstate 94 and a 25-minute drive from Downtown Chicago and O’Hare International Airport (O’Hare), affording business and leisure guests with an accessible location to explore and navigate the greater Chicago Metropolitan area.

INVESTMENT HIGHLIGHTS

•unmatched Location

•historically Strong Market Experiencing Ongoing Growth

•strong Cash Flow

•superior Asset: Meeting Space Functionality & IACC Certification

•renovated Guestrooms Associated With Relicensing PIP

UPSIDE POTENTIAL AND VALUE ADD OPPORTUNITIES

•relationship With Westfield Old Orchard

•Northwestern University Group Business

•Food and Beverage

OFFER FOR SALE

  • Price: Please contact Global Fortune Catalyst.

CAPITOL CENTER, DOWNTOWN DENVER, USA

For Sale

Property:

CAPITOL CENTER, DOWNTOWN DENVER, USA

SIZE:

156,000 SF

TYPE:

Value-add office tower - low-rise historic building located in vibrant Downtown Denver.

LEASE OUT RATE:

Currently 57%

RENOVATED:

Recently nearly $3.5 million invested in renovation (over $20 PSF). This asset offers tremendous near-term upside through the lease-up of nearly 62,000 SF.

This remodeled tower features a completely new building entrance and lobby, outdoor "front porch" lounge area, conference facility, and fitness center.

Capitol Center represents a rare opportunity to acquire a Class A asset with significant vacancy and recent leasing momentum. Since the renovation was completed in summer 2017, the Property has signed four new leases ranging from full-floor leases to smaller tenants.

UPSIDE BENEFITS:

In addition to offering significant upside, Capitol Center provides an extremely durable revenue base with The Colorado Trust leasing 15% of the Property on a long term. This LEED Gold certified and Energy Star rated asset is situated in Denver’s thriving Uptown district along 16th Avenue, one block from the Central Business District’s burgeoning entertainment and residential corridor.

Additionally, Capitol Center provides the opportunity to redevelop the attached parking garage parcel (approximately 0.9 acres) and add additional FAR to the site.

This rare and exciting investment opportunity provides a new owner with substantial leasing upside and value creation in one of the nation’s strongest CBD office markets.

OFFER FOR SALE

Price: Please contact Global Fortune Catalyst.

OFFER FOR SALE

Queensland’s 5-star 69-room colonial style boutique Sofitel Palm Cove resort.

Hotel RL, Olympia, WA, USA

OFFER FOR SALE:

$15 million DA approved luxury hotel site for sale in Melbourne's Southbank

The Larmont by Lancemore Sydney for sale