Business Specialties
Taubman Breaks Ground on Luxury 450 KSF Open-Air Mall near St. Louis
The composition of the St. Louis-area retail market will soon undergo a notable change now that Taubman Centers Inc. has broken ground on a new outlet-shopping destination, the 450,000-square-foot Taubman Prestige Outlets Chesterfield, in Chesterfield, Mo.
Duke Realty Signs 1 MSF Industrial Lease for Carter's Inc. Near Atlanta
Duke Realty has signed Carter’s, a provider of children’s apparel and products, to a long-term lease that takes the previously empty 1 million-square-foot Park 85 Brazelton mixed-use campus near Atlanta to 100 percent occupancy.
Hard Rock Proposes $275M Entertainment Project in Northeast Ohio
Gambling that video lottery terminals at Ohio racetracks will soon be legal, Hard Rock International and Milstein Entertainment announced a joint venture to develop a $275 million gaming and entertainment center at Northfield Park, a northeast Ohio harness-racing track.
Washington Gridlock Clouds Leaders’ Brightening Outlook
Amid signs that the real estate industry is rebounding, policy gridlock in the nation’s capital poses the biggest long-term threat to the real estate capital markets, according to the CPE 100 Quarterly Sentiment Survey. The findings emerged from the inaugural national poll of industry leaders by Commercial Property Executive.
Inland Empire Keep Rolling With 600 KSF Beaumont Leases
By Alex Girda, Associate Editor Leasing in the Inland Empire continued to pick up steam in the first quarter. CT Realty Investors recently leased nearly 600,000 square feet of space at its facilities at 520 Fourth Street and 415 Nicholas … Continue reading →
DDR Buys Out Partner's Ownership Stake in Two Retail Centers for $70M
Fourteen years after becoming a 50 percent owner of Portland’s Tanasbourne Town Center and Phoenix’s Arrowhead Crossing in a joint venture with DRA Advisors Inc., DDR Corp. has acquired its partner’s stake in the assets for $70 million.
Hines Global REIT Spends $131M on 1.8 MSF of Industrial Properties in Poland
With the purchase of a 1.8 million-square-foot logistics portfolio, Hines Global REIT has made its entrée into Poland. The REIT, sponsored by real estate investment firm Hines, acquired the group of four properties from ProLogis European Holdings for approximately $130.8 million.
Inland Real Estate Continues Midwest Retail Spree
Inland Real Estate Corp. has been busy in the last month. This week, the firm picked up seven single-tenant retail properties that feature 95,630 square feet of gross leasable area, as well as two grocery-anchored retail properties in Wisconsin, for an aggregate $78.3 million.
New Tishman JV Acquires Stakes in Office Portfolio in Deal Estimated at $1.6B
A joint venture between Tishman Speyer and an unidentified large pension fund has acquired the assets of Tishman Speyer Office Fund, an Australian listed property trust/REIT, in a deal worth a reported $1.6 billion.
Economy Watch: ADP Reports Strong Hiring
The ADP National Employment Report found that the U.S. private sector added a net of 209,000 positions in February. While economic problems in Spain have been at a simmer, indications show they may come to a boil. And retail sales in Europe dropped 0.1 percent from January to February.