Business Specialties
Inland Teams With Dutch Pension Fund on $600M JV
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust Inc., has formed a new retail joint venture with PGGM Private Real Estate Fund, a $172 billion Dutch pension fund service provider.
Schorsch on Recent REIT Purchase: ‘CapLease Has Higher Leverage’
The Chairman & CEO of American Realty Capital Property chats with CPE about his company’s most recent REIT acquisition. Calling it a “transformative deal for both companies,” he announced Tuesday that ARCP plans to acquire CapLease Inc. for about $2.2 billion, including debt.
Tanjong Pagar Centre to Become Singapore’s Tallest Building in 2016
GuocoLand has unveiled plans to build the tallest structure in Singapore. At 951 feet, the proposed Tanjong Pagar Centre will also rise as the company’s first integrated mixed-use development in the city and region.
MIPIM Special Series—Part Two: Focus on the US
Associate editor Eliza Theiss presents a focus on foreign investment in U.S. real estate, the second in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.
CBRE Fund Buys $144M Trophy Office in Atlanta Suburb
CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors, has purchased Three Ravinia, a 31-story, 813,750-square-foot trophy office building in north suburban Atlanta.
DAMAC Properties Breaks into Iraq RE Market with $100M Residential Tower
The leading private developer of luxury projects in the Middle East, Damac Properties, has announced a comprehensive expansion plan into Iraq, a previously untapped market for the development giant.
Cole Real Estate Investments Acquires Hillshire Brands Company Headquarters for $97.5M
Cole Real Estate Investments has recently announced the acquisition of The Hillshire Brands Company headquarters on behalf of Cole Corporate Income Trust Inc. for $97.5 million.
Cole Acquires 234 KSF HQ for Hillshire Brands Co. for $98M
Cole Real Estate Investments has acquired The Hillshire Brands Co.’s headquarters in the West Loop of Chicago’s CBD on behalf of Cole Corporate Income Trust Inc. for $98 million.
TCC, Carlyle Group Break Ground on 240 KSF Junction Flats in Minneapolis
Construction has begun on Junction Flats, a six-story, 182-unit luxury apartment building in downtown Minneapolis located near Target Field and a major transit hub.