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Kennedy Wilson, Euro-Affiliate to Combine Into $8.2B Entity
The transaction is expected to close during the third quarter of 2017. The deal will reportedly create a global portfolio of more than 400 properties with an enhanced geographic mix and broad diversification across real estate sectors.
Billion-Dollar Mixed-Use Project Kicks Off in DC
Hines, Urban Atlantic and Triden Development have teamed up for the construction of The Parks at Walter Reed, one of the city’s largest master-planned communities.
Investcorp Adds $160M to Chicago, Boston Portfolios
The company has acquired six industrial properties totaling approximately 1.8 million square feet of warehouse and distribution space.
RLJ, FelCor to Merge in $1.2B All-Stock Deal
The move, which would create the third-largest pure-play lodging REIT, with a total enterprise value of $7 billion, was deemed a “head scratcher” by at least two analysts.
Amazon Plans Fulfillment Center Trio for NJ
The company’s footprint in the Garden State will expand with the opening of three industrial facilities totaling 2.8 million square feet.
Cooper Robertson Helms Drury University Campus Revamp
The private liberal arts college in Springfield, Mo., is initiating a campaign to fund new buildings and other improvements for the celebration of its 150th anniversary.
Baltimore Reclaims Its Charm
Employment growth, coupled with the metro’s relatively affordable rental rates, should generate a solid absorption of the new apartment units coming online this year.
JLL Handles 1 MSF Maryland Redevelopment Listing
The firm is working on behalf of AEW Capital Management and Manekin Corp. to market the 60-acre logistics property along the Baltimore-Washington corridor.
Normandy, NTT Urban Form Strategic Partnership
This move guarantees both firms investment activity growth in the office and mixed-use sectors in various urban and transit-oriented areas in core markets, including New York and D.C.
Optimism Improves Among CRE Execs, Despite Uncertainties
About 64 percent of real estate executives interviewed after the election say the Trump administration’s agenda will have a moderately or significantly positive effect on the industry.