Deals
Scottsdale Medical Office Building is this JV’s Third Purchase in 12 Months
Newly-acquired asset is set to undergo improvements as leasing is slated to improve.
Music City Retail Center Changes Ownership
Castle Rock Equity Group, the new owner of Demonbreun Hill, plans a larger mixed-use development on the 3.38-acre site.
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After a lengthy bidding war, the consortium led by Anbang Insurance Group has withdrawn its $14 billion offer to acquire Starwood Hotels & Resorts Worldwide.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.