Keith Loria
Inland Teams With Dutch Pension Fund on $600M JV
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust Inc., has formed a new retail joint venture with PGGM Private Real Estate Fund, a $172 billion Dutch pension fund service provider.
Cole Acquires 234 KSF HQ for Hillshire Brands Co. for $98M
Cole Real Estate Investments has acquired The Hillshire Brands Co.’s headquarters in the West Loop of Chicago’s CBD on behalf of Cole Corporate Income Trust Inc. for $98 million.
CRE Investors Turning to Secondary Markets
The investment sales market for commercial real estate is shifting away from the major markets of New York City, Washington, D.C. and Los Angeles, and moving towards second-tier markets like Austin, Texas, Charlotte, N.C., and Seattle.
Ares Management Acquires AREA Property Partners
In one of the industry’s biggest transactions of 2013, Ares Management has signed a definitive agreement to acquire AREA Property Partners, the top-level real estate management firm investing across North America, Europe and India.
GID Development Group Constructing Seattle Apartment Tower
GID announced plans to build a 41-story, LEED Silver certified multi-family high-rise in the heart of downtown Seattle near Amazon.com’s world headquarters.
The Meridian Group Acquires SAIC Corporate Headquarters in Northern Virginia
The Meridian Group acquired Science Applications International Corp.’s landmark 18-acre corporate headquarters campus at Tysons Corner.
BCRE Trades The James NY Hotel for $85M
Brack Capital Real Estate, a global real estate investment and development company, has sold The James New York, a luxury hotel in the popular SOHO neighborhood, for approximately $85 million to an undisclosed buyer.
Akerman Senterfitt: Optimism Abounds Among RE Execs
Close to 300 leaders in CRE development, investment and financing participated in the fourth annual Akerman U.S. Real Estate Summit held in Miami, taking part in industry discussions and a brief survey about the outlook for the industry and the future of the U.S. economy.
Cole Real Estate Investments Purchases Sanofi-Aventis Building for $72.3M
A subsidiary of Cole Corporate Income Trust Inc. acquired Sanofi-Aventis’ property at 55 Corporate Drive in Bridgewater, N.J., from Mack-Cali Realty Corp. for approximately $72.3 million.
Behringer Harvard, CT Realty Sell Inland Empire Industrial Asset
Behringer Harvard and CT Realty had completed their strategy of increasing occupancy at the property, which the joint venture acquired in 2010.