Gail Kalinoski
Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor’s degree in journalism from Pace University.
Retail Properties of America Closes on 1 MSF Cost Plus Distribution Center for $63M
Retail Properties of America sold a 1 million square-foot distribution center in Stockton, Calif., to American Realty Trust for approximately $63 million.
DDR Corp Buys Tucson Shopping Center for $125.4M
DDR Corp. closed on a regional shopping center in Tucson, Ariz. Wednesday, adding to its collection of shopping centers bought throughout the first part of this year.
Calkain Cos. Opens St. Louis Office to Capture Midwest Market
Calkain Cos. has opened an office in St. Louis, viewing the Midwest as a largely underserved market. The company has tapped broker Teal Henderson from its Tampa office to run the new location.
Harbor Group Spends $131M on Four-Property Multi-Family Portfolio in Nashville
Harbor Group International added a four-property portfolio in Nashville to its multi-family collection. The latest purchase is not the end for HGI, which vows to continue pursuing apartment portfolio buys.
Boston Properties Partners on $385M Virginia Complex
Boston Properties entered into a joint venture to own and operate the Fountain Square complex in the heart of Reston Town Center, a preferred area for office development. The REIT contributed $87 million for half the stake in the properties.
JLL Secures $48M in CTL Financing
Jones Lang LaSalle’s Capital Markets team has secured $48 million in Credit Tenant Leasing financing from a foreign institutional investor for an industrial and bus maintenance complex in Newark, N.J., owned by Hartz Mountain Industries Inc.
NOLA Mall Receives $70M Outlet Upgrade
The Riverwalk Marketplace along the New Orleans waterfront will be transformed into an upscale outlet center in a $70 million redevelopment that will close the current mall for about a year.
Developers Launch 1 MSF Master-Planned Community in Va.
Downtown One Loudoun will eventually comprise about 1 million square feet of mixed-use development. Phase two will include an upscale hotel, retail and office space and luxury townhomes.
Foreign Capital, Robust Demand Drive Industrial Growth: Jones Lang LaSalle
Other key factors are global supply chain trends, worldwide growth of e-commerce and solid infrastructure, a study contends.
Blackstone Buys 15 Retail Centers from Regency for $321M
Regency Centers Corp. has agreed to sell 15 shopping centers in seven states to an affiliate of Blackstone Real Estate Partners VII for $321 million.