Business Specialties
Economy Watch: Home Prices, Construction Spending, Purchasing Managers Index
Home prices, including distressed sales, increased 7.4 percent in July 2014 compared with the same month a year earlier, while construction spending increased to an annualized rate of $981.3 billion and the purchasing managers index increased 1.9 percentage points in August.
Citizens Financial Leads $296M Financing for 1.2 MSF Chicago Office Project
Citizens Financial Group has paved the way for the O’Donnell Investment Co.’s $500 million development of 150 N. Riverside, a nearly 1.4 million-square-foot office high-rise in Chicago’s coveted West Loop submarket.
$80M Hilton Dallas/Plano Granite Park Hotel Opens in Texas
The $80 million Hilton Hotels & Resorts property brings 299 guest rooms to the 90-acre mixed-use locale in Plano.
Barclays Picks Metro Dallas Office Park for U.S. Tech Center
In a milestone for a major master-planned community, Barclays Bank has taken 40,000 square feet of Class A space for its U.S. technology center at Craig Ranch in McKinney, Texas.
Realco Capital Buys 2 Student Housing Properties in Tampa
Smith Equities Real Estate Investment Advisors secured Realco Capital Partners as the buyer of two student housing communities in Tampa, Fla., on behalf of two different sellers.
Carter Validus Acquires 2 Phoenix-Area Data Centers in $125M Sale-Leaseback Deal
In a $125 million sale-leaseback deal, Carter Validus Mission Critical REIT Inc. has acquired data centers in Phoenix and Scottsdale, Ariz., from IO.
U.S. to Remain Key Focus of Tel Aviv-based Clal Insurance’s CRE Expansion
Tel Aviv-headquartered Clal Insurance Group, Israel’s leading insurance, pension and financial services concern, has been busy building up its real estate portfolio in Israel and beyond, and the company has no intention of slowing down anytime soon.
Phillips-Edison Fund IV Portfolio Fetches $150M
Six months after tapping CBRE Group Inc. to market the nearly 1.4 million-square-foot Phillips-Edison Fund IV Portfolio, Phillips Edison Shopping Center Fund IV REIT L.L.C. has sold the group of nine retail properties.
The September digital issue of CPE is now available!
Special Focus: Investment and the Capital Markets
DPF Acquires Two Class A Office Buildings in Denver
Dividend Capital Diversified Property Fund Inc. has acquired two Class A office buildings in the Cherry Creek submarket of Denver.