Business Specialties
Swire Properties, Whitman Family Development Close Deal to Bring Saks Store to South Florida
Swire Properties Inc., in a joint venture with Whitman Family Development, reached agreement with Hudson’s Bay Co. for a Saks Fifth Avenue store to open in Brickell City Centre, a planned 565,000-square-foot South Florida shopping center.
Economy Watch: Home Prices, Negative Equity
The latest S&P/Case-Shiller Home Price Indices, which were released on Tuesday by S&P Dow Jones Indices, show a sustained slowdown in U.S. home price increase, and the national negative equity rate continued to decline in the second quarter, according to the Zillow Negative Equity Report.
Canyon Capital, Hudson Pacific Provide $140M Loan for L.A.’s Broadway Trade Center
Canyon Capital Realty Advisors L.L.C. and partner Hudson Pacific Properties Inc. will provide $140 million in financing to enable Waterbridge Capital and investor Jack Jangana to redevelop the 1 million-square-foot Broadway Trade Center in downtown Los Angeles.
ManuLife Buys Fully Leased 147 KSF Suburban Vancouver Office Building
ManuLife Real Estate has added a new asset to its Canadian holdings with the acquisition of a premier office building near Vancouver in Burnaby, B.C.
Duke Fills Metro Nashville Distribution Center with Big Lease
Duke Realty Corp. has signed B&G Foods to a new lease for 445,942 square feet in its Park 840 Logistics Center in Lebanon, Tenn.
Inland Real Estate JV Picks Up 180KSF Princess Plaza in Indiana
Inland Real Estate Corp. and Dutch pension fund advisor PGGM add another asset to their portfolio with the acquisition of the Princess City Plaza in Mishawaka, Ind.
KBS REIT Sells West Palm Beach Office Tower for $150M
KBS Real Estate Investment Trust II has sold CityPlace Tower, an 18-story, 295,900-square-foot Class A office building in the West Palm Beach, Fla., CBD, for $150 million.
HSRE Sells $283M Multi-State Healthcare Portfolio
Harrison Street Real Estate Capital has sold a 12-asset multi-state healthcare portfolio for $283 million.
Executive Spotlight: Alex Cohen, Liberty SBF
Alex Cohen, co-founder & CEO of Philadelphia-based Liberty SBF, applies his good judgment to small-balance loans for commercial assets, including a focus on the limited/select-service hospitality market.
Guest Column: Corporate Distribution Sales Continue to Drive Industrial Capital Markets
Avison Young industrial capital markets practice leader Erik Foster points out the attraction of traditional industrial space users in the investment market.