Business Specialties
Shanghai Greenland to Buy Stake in M-U Downtown LA Project, Invest $1B
China-based Shanghai Greenland Group will acquire an interest in Metropolis from CalSTRS and invest $1 billion in the project, which is entitled for nearly 1.7 million square feet of mixed-use development.
Cobalt Sells 1.4 MSF Dallas Industrial Portfolio
Cobalt Capital Partners, advisor to Cobalt Industrial REIT, has sold a 14-building, 1.4 million-square-foot industrial portfolio in Dallas to a Greenfield Partners investment fund.
$3B Merger Saves Saks, Gives Canadian Co. Greater Growth in U.S.
Combined companies Saks Inc. and Hudson’s Bay will operate 320 stores, and possibly create a REIT.
TOD Starts & Stops
Although a broad coalition of stakeholders around the country embraces transit-focused development., such projects are by no means immune from criticism.
Parmenter Sells 214 KSF Suburban Atlanta Office Building
Eight years after acquiring Gwinnett Commerce Center, in Duluth, Ga., Parmenter Realty Partners has sold the 213,600-square-foot suburban Atlanta office building to a JV involving Biscayne Atlantic, Red Starr Investments and PointOne Holdings.
Advenir Acquires M-F Complex in Dallas-Fort Worth Submarket
Advenir, a multi-family real estate investment and management service provider, has acquired Dolce Living at Mansfield, a 334-unit Class A apartment community located in the upscale Dallas-Fort Worth submarket of Mansfield, Texas.
Special Feature: Living with Art
Earlier this year, Meta Housing Corp. introduced its third seniors housing residence with an arts orientation, this one featuring a professional theater. CEO John Huskey talks about the company’s efforts to expand its arts- and education-oriented portfolio in this article and podcast.
W.P. Carey Fleshes Out Details of Proposed $4B Merger with Affiliate REIT
A conference call Friday morning shed more light on the proposed merger between W.P. Carey Inc., of New York, and its publicly held, non-traded REIT affiliate, Corporate Property Associates 16 – Global Inc., including the combined company’s assets, ownership and leverage.
IndCor Awards Cassidy Turley 7 MSF Industrial Assignment
IndCor Properties has turned to Cassidy Turley once again to oversee one of its mega-size portfolios. IndCor recently tapped the firm to manage a group of industrial properties totaling 6.7 million square feet in Northern California.