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Monthly Archives: May 2017

Ivanhoe Cambridge, Callahan Capital Acquire Manhattan’s 85 Broad St. in Latest Office Buy

Montreal-based Ivanhoé Cambridge, Inc. and its investment partner, Callahan Capital Properties (CCP), have acquired the 30-story, 1.12 million-square-foot 85 Broad St. in New York City for approximately $650 million, or about $580 per square foot, from a joint-venture between MetLife Real Estate and Beacon Capital Partners.

MetLife previously owned the tower before bringing on Beacon in a $175 million, 50/50 recapitalization of the office tower…

Amtrak, Chicago Leaders Pick Developer for $1 Billion Union Station Redevelopment

Chicago and Amtrak officials have tapped Riverside Investment & Development Co. to serve as master developer for a massive renovation and expansion of Chicago Union Station along with properties owned by the passenger railroad service surrounding the largely underground facility.

The $1 billion+ project to remake the nation’s third-busiest rail terminal will total out at about 3.1 million square feet at full build-out. Construction, which is expected…

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