Business Specialties
Brookfield to Buy Forest City in $11.4B Deal
Scheduled to close during the fourth quarter, the deal would expand Brookfield’s holdings in multiple property types and cap Forest City’s lengthy makeover strategy.
CRE Investment and the Blockchain: A Transactional Perspective
Vasiliki Yiannoulis of Withers’ real estate law practice discusses this new technology’s potentially disruptive impact on the industry over the next few years.
What Does the T-Mobile/Sprint Merger Mean for Wireless Tower REITs?
Following the merger, the tower operators would generate most of their domestic revenue from only three major tenants, which Moody’s believes could increase the new entity’s negotiating power.
CREC Sells Orlando-Area Boutique Office
Heathrow International traded for $10 million, more than double the purchase price of $4.2 million the company paid for the asset five years ago.
Thor Equities Breaks Ground on Chicago Mixed-Use Project
905 West Fulton Market will comprise 108,650 square feet of retail and office space. The finished product is scheduled for completion by 2019.
EverWest, CenterSquare Sell Phoenix Office Campus
With the sale of The Madison, a 177,312-square-foot Class A property, EverWest’s transaction and renovation push in the metro over the past 24 months reached $165 million.
Sale of Hyatt Centric Santa Barbara Closes
Chesapeake Lodging Trust sold the 200-key property to an undisclosed buyer after a five-year hold, during which the countywide hospitality market has thrived.
Turner Kicks Off Construction of Ziraat Bank HQ in Istanbul
The general contractor expects to complete the 4.6 million-square-foot campus, located in the heart of the Istanbul International Financial Center business district, in 2021.
KKR Acquires Office Development in Oakland, CA
TMG reportedly sold the 320,000-square-foot downtown building at 1330 Broadway for more than $173 million, and will continue to provide onsite property and asset management on behalf of the new owner.
JLL to Lease Ashford Portfolio in Houston
The Mission Cos. selected the team of Scott Fikes and Jack Russo to handle leasing efforts for the properties located in the city’s Energy Corridor.