Business Specialties
Arrow Operating Acquisitions Purchases 700 KSF Suburban Chicago Retail Asset
Arrow Operating Acquisitions has just purchased The Streets of Woodfield, a 700,000-square-foot shopping center in Schaumburg, Ill., and the company was able to secure a $100 million loan to seal the $118 million deal.
Capri Capital Nabs '360 Residences' Mixed-Use Project in San Jose for $118M
360 Residences, a mixed-use apartment high-rise in downtown San Jose, has come under the ownership of Capri Capital, courtesy of a $118 million transaction. Capri purchased the upscale multi-family property from SJ Real Estate Partners, a subsidiary of Kennedy Wilson.
$480M Buy Nets CommonWealth Partners 872 KSF Seattle Office Building
CommonWealth Partners has purchased Seattle’s Russell Investments Center for $480 million. CBRE, which orchestrated the sale on behalf of Northwestern Mutual, described the trade of the 872,026-square-foot property as “the largest single-asset office sale in the Western United States since 2006.”
Zell, Mack Talk Leverage, Recovery at Schack REIT Conference
In an annual REIT conference sponsored by New York University’s Schack Institute of Real Estate, Sam Zell and William Mack offered several hundred real estate professionals and NYU students their views on leverage, consolidation and the industry’s uneven recovery.
Real Estate Recycling Plans Green Office Project in Downtown Minneapolis
By Gabriel Circiog, Associate Editor Minneapolis developer Paul Hyde, a principal with Real Estate Recycling, plans to construct a two-story office building at 1016 Marquette Ave., the Minneapolis / St. Paul Business Journal reports. Real Estate Recycling acquired the existing 1931 single-story building from local developer Larry Abdo on April 2 for $825,000. The design […]
Cassidy Turley Named Leasing Agent for 1.1 MSF New Jersey Office Portfolio
Normandy Real Estate Partners has tapped Cassidy Turley to serve as the leasing agent for a 1.1 million-square-foot office portfolio in New Jersey, and in turn, Cassidy Turley has welcomed two of the real estate developer’s team members to the firm.
Alter Group to Develop Spec 606 KSF Industrial Asset in Phoenix
The Phoenix industrial market is growing hungry for large accommodations and The Alter Group plans to help satisfy users’ appetite with the construction of a 605,700-square-foot speculative warehouse/distribution facility at the real estate company’s Buckeye Logistics Center.
$20M Hospital for Anson County; $16M Expansion for Matthews Hospital
By Eliza Theiss, Associate Editor The healthcare industry continues to be one of the main drivers of economic development in the Charlotte area, and Carolinas HealthCare System’s recent string of expansions and upgrades is proof of this. This week, the nation’s second largest healthcare system announced plans to seek state permission for a $20 million […]
Hicks Ventures Picks Up 141 KSF Across Two Houston Office Assets
Seeking a value-add opportunity in the hot Houston market, Hicks Ventures Ltd. has acquired two Class B office buildings in the area’s Energy Corridor with a total of 141,265 square feet from American Spectrum Realty Inc.
Bloodletting Continues as Grubb/NKF Merger Develops
In BCG’s takeover of Grubb & Ellis, it’s becoming clear that the new acquisition will be placed under the assets of Newmark Knight Frank, not alongside them, as the two companies join to create Newmark Grubb Knight Frank.