Business Specialties
Charlotte Douglas International Airport, Sixth-Busiest in the World, to Expand
By Eliza Theiss, Associate Editor Charlotte Douglas International Airport is the sixth-busiest airport in the world in terms of take-offs and landings, this according to data released by the Airports Council International. The almost 540,000 takeoffs and landings handled in 2011 lifted the airport from the eleventh position it held in 2006. It also experienced […]
Pru Nets $568M in Capital for Seniors-Housing Fund
Prudential Real Estate Investors is set to make a big impression in the seniors-housing sector, having raised $568 million for its newest and largest seniors-housing fund.
Clarion Partners Nabs $60M Loan for California Office Complex
Clarion Partners, owner of the 338,700-square-foot Plaza at Walnut Creek office complex in suburban San Francisco, just obtained a $60 million permanent loan for the two-building property.
DSI Buys 54 Dialysis Clinics from Fresenius
by Adriana Pop, Associate Editor DSI Renal announced that it has acquired 54 dialysis clinics from Fresenius Medical Care AG & Co. KGaA. Nine of the clinics are located on Oahu. The transaction triples DSI’s national footprint to 85 clinics in 23 states. Following the transaction, DSI and it will become the fourth largest for-profit provider of outpatient dialysis services […]
Red Hat Commits to 100 KSF of Build-to-Suit Office Space in Boston Suburb
Four years after moving into a build-to-suit facility at the 90-acre Westford Technology Park West in Westford, Mass., Red Hat Inc. has contracted the developer of the building, The Gutierrez Co., for another Class A build-to-suit office project that will expand the firm’s occupancy by an additional 100,000 square feet.
CBRE Realty Trust Picks Up 1.4 MSF Warehouse Outside Chicago
CB Richard Ellis Realty Trust has made a significant addition to its Chicago portfolio with the purchase of a 1.4 million-square-foot bulk warehouse and distribution center. The property is fully leased through August 2021.
IBM Renews 1.1 MSF Industrial Lease with Prologis in Mexico
Prologis Inc. has broken its own record in Mexico with the renewal of a nearly 1.5 million-square-foot lease with IBM at the Guadalajara Technology Campus in Guadalajara, Jalisco.
DeBartolo, Elco Landmark Acquire 542-Unit Luxury Multi-Family Development in Florida
DeBartolo Development and Elco Landmark Residential have joined forces on the acquisition of a 542-residence apartment complex in Palm Beach Gardens, Fla.
Simon, BR Malls JV to Develop Outlet Malls in Brazil
Simon Property Group has teamed up with BR Malls Participacoes, Brazil’s largest retail real estate company, to develop and own outlet centers there. Simon also announced a JV with Calloway REIT to begin construction on Toronto Premium Outlets in Canada.
NorthMarq Arranges $59M in Financing for Chicago's 400 S. Jefferson Building
In an effort to help push along the schedule for Chicago’s 400 S. Jefferson building, NorthMarq has arranged $58.5 million in acquisition and renovation financing for the property.