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Cousins, Parkway Bank on Sun Belt
The deal would expand Cousins’ footprint in the trophy office market and create a new REIT combining the companies’ holdings in hard-hit Houston.
Cross-Border Buyer for Carlson Hotels
Carlson Hospitality just revealed that it has signed on the dotted line to sell Carlson Hotels to this Beijing-based global conglomerate.
Hugo Neu Appoints Director of Development for 130-Acre Business Campus
In his new role, Michael Meyer will work closely with the Kearny Point team to leverage its existing platform and drive growth across the broader redevelopment efforts.
Kilroy Delivers 2 San Francisco Office Projects, Nabs L.A. Office Tenants
Kilroy Realty has been pretty busy lately, delivering major office developments and landing important tenants on the West Coast.
Equity Commonwealth to Sell Hoboken Office Asset for Tidy Sum
Equity Commonwealth will sell the 13-story tower to Mack-Cali Realty Corp.
IKEA to Build 1st of 2 Illinois Distribution Centers as Part of Chicagoland Project Boom
IKEA’s future Joliet, Ill., distribution center is one of many industrial projects planned to take shape in the Windy City MSA this year.
Lone Star Closes Fifth CRE Fund with Money to Spare
The Dallas-based company closed its fifth commercial real estate fund with $5.5 billion in commitments.
Pontus Capital Secures $109M Loan for National Retail Portfolio
HFF managed to secure a $109 million acquisition loan for Pontus Capital to purchase a 61-asset retail portfolio in the Eastern U.S. and Northern California.
GE Capital, Western Alliance Finalize Hotel Finance Loan Portfolio Sale
Western Alliance Bank has completed the acquisition of GE Capital’s Franchise Finance U.S. hotel business.
W. P. Carey Closes Major Sale-Leaseback Deal
The net lease REIT has expanded its industrial portfolio with the closing of a $217 million sale-leaseback deal with Fronterra Building Products.