Allison Landa
Parkway Properties Plans Atlanta Office Purchase
The office and retail portion of the Sovereign, an upscale mixed-use high-rise in Atlanta’s tony Buckhead area, is about to be snapped up for $167.3 million.
SL Green Wraps Up $390.8M Purchase of Gramercy Assets
The company did not have to shell out cash for the entire purchase, which accounts for an aggregate 1.2 million square feet of premier space, as the deal included the assumption of $265.6 million in debt.
Will Triple Five Be the Charm for Xanadu?
If Triple Five can transform New Jersey’s stalled $2 billion project from a costly white elephant into a thriving retail and destination center, the Canadian firm will pull off a feat that eluded two previous developers.
First Wind Receives $76M in Financing
Construction of Vermont’s largest wind energy project began in September. Since the end of that month, First Wind has raised $435 million in financing and repaid $149 million in short-term turbine supply loans.
Barry Joins Avison Young
Veteran commercial real estate broker Phil Barry will serve as a principal and member of the office properties group, providing a range of real estate services ranging from investment sales and acquisitions to build-to-suit development and landlord and tenant leasing.
Economy Watch: Happy Holidays for U.S. Retailers
MasterCard Advisors’ SpendingPulse said that U.S. retail sales through all channels spiked 5.5 percent this holiday season compared with last year’s, making it the best holiday season for retailers in five years.
AMB Closes $422M Brazil Fund
The fund aims to develop, acquire, own, operate, manage and dispose of logistics properties within Sao Paulo and Rio de Janeiro.
Duncan, Helm Co. Complete Merger
The two companies have joined forces to offer real estate brokerage, property management and consulting services in Kentucky and Southern Indiana.
Economy Watch: Online Spending Increases
MasterCard Advisors’ SpendingPulse, which tracks U.S. retail sales, said that consumers ramped up their online spending toward the end of 2010, compared with a year ago. From Oct. 31 to Dec. 22 this year, consumers spent $36.4 billion online, according to the company; during the same period last year, the total was $31.5 billion.
Manhattan’s 111 Eighth Avenue Trades for $1.9B
In one of the year’s largest sales, Google has scored the biggest non-portfolio commercial real estate deal in the United States.