Business Specialties
Dollar Tree, Family Dollar Stores Merger to Create 103 MSF of Retail Space Across U.S.
The Dollar Tree and Family Dollar Stores merger will result in a discount-store behemoth, melding Dollar Tree’s 5,080 stores spanning 48 states and five Canadian provinces with Family Dollar’s 8,200 locations across 46 states.
Technology’s Top Projects
Technology’s impact spreads to every corner of commercial real estate. From San Francisco and the Silicon Valley to Manhattan and points in between, dozens of cities are competing to join the upper tier of high-tech hubs,. The influence of the tech sector is illustrated in these recent images representing major new leases, renovations and ground-up development.. Several transactions, like Salesforce.com’s 750,000-square-foot lease in San Francisco, set new records for their markets. For further insight into how technology occupants are reshaping real estate markets, be sure to read "Tech’s Top Towns" in the August issue of CPE.
Prudential JV Sells Residential Portfolio in Berlin for $105M
A joint venture between Prudential Real Estate Investors and Kauri CAB Management GmbH has sold a portfolio of 25 residential ‘Altbau’ buildings located within the S-Bahn ring of Berlin for $105 million.
MetLife, Norges Bank Buy One Beacon St. Tower in Boston for $561M
In its fourth major acquisition in just eight months, a JV between MetLife Inc. and Norges Bank Investment Management has bought One Beacon St., a 34-story, Class A office tower in downtown Boston’s financial district.
The August digital issue of CPE is now available!
Read the latest August news here!
Capri Capital, TruAmerica Buy 464-Unit Apartment Complex in LA’s Koreatown for $283M
All eyes are on The Vermont, a 464-unit high-rise apartment community in the increasingly trendy Koreatown area of Los Angeles, now that the new luxury property has been picked up for $283 million, the largest multi-family, mixed-use transaction in California year to date.
Illinois Medical District’s $300M Gateway Center Moves Forward
After an earlier proposal was withdrawn last year by its developer, a beefed-up 1.2 million-square-foot mixed-use project in the Illinois Medical District on Chicago’s West Side has been approved by the district’s coordinating body.
Tishman Speyer to Build 30-Story Office Tower in Buckhead, Atlanta
To take advantage of Atlanta’s tightened office market, Tishman Speyer is moving forward with construction plans for a 30-story office tower, which will complete its Three Alliance Center development in Atlanta’s Buckhead submarket.
JLL Secures $152M in Debt for 1 MSF California Center Office Campus in East Bay Area
JLL has obtained $152 million in debt financing from Starwood Property Trust for Swift Real Estate Partners’ acquisition of the 1 million-square-foot California Center office campus in Pleasanton, Calif.