With construction starting earlier this year on Park Place, a mixed-use development in the Phoenix suburb of Chandler, Ariz., developer Cybert Hall Partners has gained $65.2 million in financing for the project. Buchanan Street Partners negotiated the financing package on behalf of Cybert Hall. Park Place is planned to be a 100-acre mixed-use [...]

RioCan Real Estate Investment Trust, Canada’s largest REIT, has purchased a 142,000-square-foot, two-story retail building in Ottawa for $40 million and agreed to a 15-year lease to the seller and primary tenant, Canadian Tire. The property was acquired for cash, at a cap rate of 6.4 percent, according to a prepared statement. The building has [...]

The province of Ontario has granted nearly $8 million to support the expansion of 6N Silicon Inc., which specializes in turning low-grade silicon into the purified form of the material need to produce solar cells. The funding will aid in the development of a $50 million, 120,000-square-foot manufacturing plant for the company currently under way [...]

Boston-based developer Eastat Realty Capital L.L.C. has submitted a notice of project change with the Boston Redevelopment Authority in connection with a proposed $140 million, 24-story, 248,000-square-foot office building in Boston’s theater district. To Bostonians, the point of the project, however, seems less what will be built than what won’t be coming down; the plan [...]

London-based ING Real Estate Select has just introduced its Global Osiris Property Fund to the market. Seed investor London Pensions Fund Authority has thrown in approximately $297 million to get Global Osiris off the ground, and other institutional investors seeking to diversify assets through the penetration of international property markets can join in with a [...]

Starwood Hotels & Resorts Worldwide Inc. has joined forces with Abu Dhabi National Exhibitions Co. to open Element Abu Dhabi, which will be the first property in the Europe/Middle East/Africa region to operate under Starwood’s new green-centric Element brand. The 270-room extended-stay hotel will be located in the sprawling $2.3 billion Capital Centre commercial and [...]

The Arizona Biltmore Resort & Spa is set to undergo a $300 million renovation. Initial plans for the renovation call for the addition of 300 guest rooms, a spa and expanded restaurant facilities. The resort’s owners are hoping that the city of Phoenix will approve their zoning request, which was filed on July 9. Assuming [...]

Washington, D.C.–President George W. Bush signed into law today a comprehensive package of housing legislation including broad authority for the Treasury Department to safeguard Fannie Mae and Freddie Mac and a plan to help hundreds of thousands facing the possibility of foreclosure.Bush signed the legislation, which Congress approved last week, authorizing the Treasury to rescue [...]

Los Angeles-based Lowe Enterprises has refinanced Century Center I and II, a 624,600-square-foot office complex in Arlington, Va., for $116.1 million. The Washington, D.C., office of Holliday Fenoglio Fowler, L.P. placed the three-year adjustable rate loan with GE Real Estate. The proceeds repaid the original loans on the property and will finance additional renovations [...]

A new report from Marsh Inc., an international insurance broker and risk advisor, finds many insurance companies remaining on the sidelines as they work to determine the extent and types of exposures that might evolve from green building projects. As the number of these projects grows throughout the United States, many leading commercial property and [...]