Business Specialties
Taubman Completes $560M Purchase of Three Centers
Retail REIT Taubman Centers Inc. has completed the $560 million purchase of three shopping centers from Davis Street Properties.
Marriott Marquis Hotel and Marina $182 Million Upgrade Project Reaches California Coastal Commission for Final Approval
By Gabriel Circiog, Associate Editor The San Diego port directors have approved the upgrade project for the Marriott Marquis hotel and marina. Signon San Diego reports the plan is off to the California Coastal Commission for final approval. The $182 million project features interior remodeling, replacing the Marriott Hall which is located west of the […]
Wood Partners to Begin Construction on 207-Unit Dallas Multi-Family
Capitalizing on the opportunities that the multi-family sector will present in the upcoming years, Wood Partners is slated to begin building two three-story apartment buildings on a five-acre plot in Southwest Dallas.
Exclusive: 192 KSF El Segundo Triple-Net-Leased Office Sells for $45M
AG Net Lease Fund II, a vehicle of Angelo, Gordon & Co., has picked up a 192,053-square-foot office in the Los Angeles submarket of El Segundo for $45 million from Kilroy Realty Corp.
Equity Returns Fire in Archstone Battle
The newest development in the Equity Residential saga has been filed in court, as the company put forth a motion to intervene in the ongoing legal proceedings regarding the sale of an interest in Archstone.
Skanska Nabs $60M Renovation Contract in Pennsylvania
Skanska USA has reached an agreement on the Spring House research complex in Montgomery County, Pa., securing a $60 million contract from Janssen Research & Development L.L.C. to provide construction-management services.
Oak Grove Originates Fannie-Sponsored Financing Deal for Florida Apartment Portfolio
Oak Grove Capital has orchestrated financing for a three-property affordable housing portfolio in Southern Florida — owned by Banyan Realty — for $46.2 million through Fannie Mae’s Structured ARM product.
The End of Big Box? Sears/Kmart Sites Face Mixed Futures
On the heels of Sears’ announcement that it will shutter between 100 and 120 stores, CRE industry experts wonder if locations larger than 100,000 square feet could be on the chopping block.
Newmark Knight Frank to Lease, Manage 2 MSF NYC Office Portfolio
Newmark Knight Frank just added 2 million square feet of responsibilities to its plate. The real estate services firm has won a leasing and management assignment for a 19-property Manhattan office portfolio owned by The Rosen Group Inc.
Ventas Purchases Cogdell, CEO Sees "Increased Demand" for Medical-Office Buildings
In a deal that was pegged at $4.25 per share in a cash transaction, Ventas Inc. has acquired Cogdell Spencer Inc. and its 72 medical-office buildings around the country for what will aggregate to approximately $760 million to $770 million.