Business Specialties
Meridian Capital Arranges $142M for Acquisition of Brooklyn Office Property
Meridian Capital Group arranged a $142 million mortgage for the purchase of an office property in Brooklyn’s Fort Greene neighborhood on behalf of RXR Realty and American Landmark Properties.
Brookfield Acquires 460 KSF Office Asset in Dallas Suburb from Blackberry
Canadian investor Brookfield Property Group has bought Riverside Commons, a six-building, Class A office property in Irving, Texas, from Blackberry for an undisclosed amount.
Hackman Capital Buys Iconic 358 KSF Film Studio in Culver City, Calif.
Hackman Capital Partners has acquired The Culver Studios, a 358,200-square-foot independent film studio in Culver City, Calif., approximately 10 miles west of downtown Los Angeles.
Lend Lease Completes Phase I of $270M Mall Project in Australia
Lend Lease has completed Phase I in the redevelopment of Lakeside Joondalup, to become the largest shopping center in Western Australia.
Store Closures Predicted Due to Cerberus’ Purchase of Safeway for $9B
Although Cerberus stated no closures are expected as a result of its merging of Albertsons with Safeway, some analysts predict the transaction will result in duplication, calling for store closures in certain markets.
IHG to Develop 2 Additional Hotels in Germany
InterContinental Hotels Group has signed two additional hotels in Germany under two existing multiple development agreements with long-standing partners.
Google Capital Puts $50M into Auction.com
One of the world’s largest online real estate marketplaces, Auction.com, has received a $50 million investment, courtesy of Google Capital.
Guest Column: Obamacare and Commercial Real Estate
Healthcare real estate expert Lee Eastwood examines the impacts of the Affordable Care Act on commercial real estate.
Jefferson Apartment Group Breaks Ground on 282-Unit Project in West Palm Beach
Jefferson Apartment Group has kicked off development of its first multi-family project of 2014, with the groundbreaking on Jefferson West Palm Beach, a 282-unit luxury apartment community in West Palm Beach.
RadioShack Closing 1,100 Stores – Repositioning Strategy
RadioShack continues to reinvent itself, but it will do it with fewer stores in the United States.