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Grocery-Focused REIT Completes $1B Sponsor Buy
Phillips Edison’s transaction has created the largest REIT exclusively focused on grocery-anchored shopping centers. The new entity has an enterprise value of roughly $4 billion.
Expo Real 2017: The French Connection
In the wake of Brexit, Paris is betting big on the future of its real estate. First stops: a $41 billion infrastructure project and the 2024 Olympic Games.
Charles River, AEW Land $205M Mixed-Use Financing
Located a few miles from Boston, The District Burlington is a 1 million-square-foot urban park with suburban environment features. Tenants are attracted by its enhanced connectivity, walking trails and private shuttles.
First Look at the $500M Willis Tower Redevelopment
Blackstone and Equity Office are bringing the former Sears Tower into the 21st century with a mega-makeover that will turn the iconic office building into a modern workspace with leisure amenities, technology and experiential dining.
Medical Office Portfolio Commands $230M
MedProperties Holdings is the new owner of 17 multi-state Harrison Street health-care assets totaling 620,000 square feet. The transaction marks the company’s single-largest acquisition in terms of purchase price, number of properties and total square footage.
Bridge Development to Sell $700M Industrial Portfolio to Duke
The deal encompasses a 3.4 million-square-foot group of properties and two soon-to-be-developed land parcels in key infill markets across Southern California, Northern New Jersey and South Florida.
CBRE to Acquire Heery International
The company is buying the project management solutions provider from Balfour Beatty LLC for $57 million. Heery President Theodore Sak and COO Glenn Jardine will remain on board when the deal closes later this year.
Portland Airport Expansion Flies High with Skanska
The international construction firm signed a $151 million contract with the Port of Portland to enlarge and renovate the facility’s Concourse E. The project is part of an overall $1.3 billion, five-year terminal improvement plan for the airport.
JLL Secures $96M for Philly Office Buy
In an unusual deal, Taconic Capital Advisors and Cohen Equities consolidated their ownership of a 13-story historic tower in the city’s Market East section.
Expo Real 2017: The Rise of Logistics
Executives of Prologis, CBRE Global Investors, Allianz Real Estate and other high-profile players kicked off this year’s Expo Real with an in-depth dialogue on the perks and challenges of logistics real estate.