Allison Landa
Trump Entertainment Puts Bankruptcy–and $1.3B in Debt–in the Past
The newly reorganized Atlantic City, N.J.-based casino resort owner even gets to keep the Trump name on its Atlantic City casinos.
Avison Young Acquires Hodges Management and Leasing Company
The acquisition not only expands Avison’s coverage in the Atlanta region, but also increases the company’s North American property management portfolio. The two companies’ combined portfolio totals 50 million square feet of retail, industrial and office properties in Canada and the U.S.
Richard Green: Consumers’ Impact on Property
The Lusk Center’s Richard Green blogs on commercial real estate and financing on CPE’s From the Inside.
Strategic Continues Florida Expansion
The company has acquired a 1,040-unit self-storage facility in the Florida city of Davie and will rebrand it under the SmartStop Self Storage trade name.
Economy Watch: Deflation Around the Corner?
Consumer prices edged downward in June by 0.1 percent, according to the Bureau of Labor Statistics, following a 0.2 percent decline in May. That raises the specter of deflation (again), which is the bogeyman du jour for some economists.
Sam Zell’s Equity International Pockets $245M on Sale of Brazil-Based BR Malls Shares
The sale, which accounted for nearly 9 percent of BR Malls’ capital stock, is no indication of Equity’s feelings about Brazilian retail. The investment firm remains keen on the market and retains a 6 percent ownership interest in BR Malls, Brazil’s largest retail real estate concern.
Vulcan Completes Second Phase of Amazon’s South Lake Union HQ
Located on the east side of Boren Avenue North between Mercer and Republican streets, the building encompasses 158,000 square feet of office and 14,000 square feet of street-level retail space.
Cushman & Wakefield Arranges 220,000 SF Lease for PRG
The company will consolidate and expand its existing locations in Mt. Vernon, N.Y. and North Bergen, N.J., and will use the new space as its Northeast headquarters. The property is located at 915 Seacaucus Rd.
$687M in Financing Closes for Development of Government-Leased Research Complex in Kansas City
All told, the entire complex will cost the U.S. General Services Administration, the federal government’s real estate division, nearly $4.8 billion in completion and long-term occupancy costs.
Economy Watch: Financial Reform Passes, Inspires Much Speculation
The big event of the day on Thursday was the passage of the Dodd-Frank bill (“The Wall Street Reform and Consumer Protection Act”) in the U.S. Senate, to which President Obama will affix his signature before long.