Deals
State Street to Acquire GE Asset Management
GE has agreed to sell its $115 billion asset management business to State Street Global Advisors.
Prime Office Space in South Bay’s Millenia Development Changes Hands
Chesnut Properties has acquired the first phase of a 210-acre master-planned community in San Diego’s South County.
Rubenstein, Vision Real Estate Shell Out $136M for Warren Corporate Center in N.J.
A joint venture between Rubenstein Partners and Vision Real Estate Partners has acquired a four-building office property in Warren, N.J.
Riverside Entertainment Center Trades Hands
CBRE-controlled NRIG-West successfully completed the marketing process for University Village.
Anbang Pulls Out of $14B Bid for Starwood
After a lengthy bidding war, the consortium led by Anbang Insurance Group has withdrawn its $14 billion offer to acquire Starwood Hotels & Resorts Worldwide.
Cornerstone, Spectrum Properties to Build Kimpton Hotel in Charlotte
The new Kimpton Hotel in uptown Charlotte will complement the 25-story office building 300 South Tryon.
HFF Secures $43M Refi for 100 Peachtree in Atlanta CBD
The brokerage firm arranged the $43.3 million refinancing on behalf of Five Mile Capital Partners LLC for the 32-story office tower in the ATL.
DRA Advisors Completes Merger with Inland
Inland Real Estate Corp. is now IRC Retail Centers Inc., following the company’s $2.3 billion merger with DRA Advisors LLC.
PREIT Nears Finish Line with Sale of Four Non-Core Malls
The Philadelphia-based REIT recently sold four of its retail assets for roughly $92.4 million, as part of the company’s portfolio repositioning effort.
Viking Partners Acquires Clawson Shopping Center in Suburban Detroit
The Cincinnati-based company acquired a grocery-anchored retail center in Clawson, Mich.