Business Specialties
KTR Buys 543 KSF Industrial Project in Metro Dallas
An affiliate of KTR Capital Partners has closed on the acquisition of 600 109th St. in Arlington, Texas, a three-building, 543,000-square-foot project near State Highway 360 in the Lower Great Southwest submarket of Dallas.
Strategic Capital, Crest Asset Sell 636-Unit Dallas M-F Portfolio
Seven years after Strategic Capital Partners and Crest Asset Management acquired St. Andrews Apartments and Montclair Apartments, two multi-family communities totaling 636 residences in Dallas, the JV partners have sold the Class A assets to Pensam Capital.
$2B Urban Rejuvenation Project in London Under Development
The construction of One The Elephant, a 284-unit multibillion-dollar residential development designed by Squire and Partners, has finally kicked off in London.
1 + 3 Equals $2.3B Deal for Inland, ARC
Three REITs sponsored by AR Capital are the prospective buyers, for a total of nearly $2 billion, of a 16.5 million-square-foot portfolio of 294 largely net-leased retail, office and industrial properties to be sold by Inland American Real Estate Trust.
Godrej to Develop 2 Residential Projects in India
The real estate arm of the Godrej Group, Godrej Properties Ltd., of Mumbai, has entered into two new development agreements: to develop a 13.8-acre property in Gurgaon, and to increase the size of its project in Panvel.
Transwestern, Cornerstone Sell 350 KSF Houston Office Property
Five years after acquiring 21 contiguous acres of land for the planned two-tower Eldridge Oaks office development in Houston, Transwestern and Cornerstone Real Estate Advisors have sold the site, along with the 350,000-square-foot trophy tower they developed at the location in 2009.
Fairway Market to be Anchor Food Market at Hudson Yards
Fairway Market has become the latest company to lease space in the South Tower of the Hudson Yards project, taking nearly 46,000 square feet on the ground floor of the first office high-rise to be built in the 28-acre mixed-use development on Manhattan’s West Side.
Feldman Equities JV Buys 187 KSF Office Tower in St. Petersburg, Fla.
St. Petersburg is looking good to Feldman Equities, Tower Realty Partners and Second City Capital Partners, so the JV team recently acquired the 187,000-square-foot office building formerly known as Wells Fargo Plaza.
Brookfield to Acquire U.S. Warehouse Business for $1B
Brookfield Property Partners has agreed to purchase Industrial Developments International (IDI) from Kajima of Japan for $1.1 billion, in a deal a company spokesperson said will close in the fourth quarter.
Chicago’s New Outlet Mall Setting a Trend
Developed by AWE Talisman and Macerich, the $250 million, 530,000-square-foot, two-level center is anchored by Bloomingdale’s The Outlet Store, Last Call by Neiman Marcus, Saks Fifth Avenue OFF 5th and Forever 21.