Property Types
Meridian Capital Arranges $142M for Acquisition of Brooklyn Office Property
Meridian Capital Group arranged a $142 million mortgage for the purchase of an office property in Brooklyn’s Fort Greene neighborhood on behalf of RXR Realty and American Landmark Properties.
Brookfield Acquires 460 KSF Office Asset in Dallas Suburb from Blackberry
Canadian investor Brookfield Property Group has bought Riverside Commons, a six-building, Class A office property in Irving, Texas, from Blackberry for an undisclosed amount.
Lend Lease Completes Phase I of $270M Mall Project in Australia
Lend Lease has completed Phase I in the redevelopment of Lakeside Joondalup, to become the largest shopping center in Western Australia.
Store Closures Predicted Due to Cerberus’ Purchase of Safeway for $9B
Although Cerberus stated no closures are expected as a result of its merging of Albertsons with Safeway, some analysts predict the transaction will result in duplication, calling for store closures in certain markets.
Forsythe Technology to Build 221K SF “Retail Plus” Data Center Colocation Facility in Elk Grove Village
IT infrastructure Forsythe Technology recently announced it plans to design and build a state-of-the-art data center facility in Elk Grove Village, Illinois. The new 221,000-square-foot data center aims to address the needs of enterprises that are seeking for the best of both the retail and wholesale colocation data center markets.
Guest Column: Obamacare and Commercial Real Estate
Healthcare real estate expert Lee Eastwood examines the impacts of the Affordable Care Act on commercial real estate.
Jefferson Apartment Group Breaks Ground on 282-Unit Project in West Palm Beach
Jefferson Apartment Group has kicked off development of its first multi-family project of 2014, with the groundbreaking on Jefferson West Palm Beach, a 282-unit luxury apartment community in West Palm Beach.
Executive Spotlight: Dan Mullen, Bedrock Real Estate Services
Under the guidance of Dan Mullen, Bedrock Real Estate Services, Quicken Loans’ privately held commercial real estate organization, has built up quite a portfolio.
Brookfield Asset Management Acquires Silicon Valley Office Campus
Brookfield Asset Management has acquired Rio Robles Technology Park, a 460,000-square-foot, eight-building office/R&D portfolio located in the North San Jose submarket of the Silicon Valley.
Inland Buys Aston Waikiki Beach Hotel for $183M
Inland American Lodging Group made its first acquisition in Hawaii with the purchase of the 645-room Aston Waikiki Beach Hotel in Honolulu for $183 million.