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TIAA-CREF Reorg Gives RE, Other Real Assets Own Unit
The financial services firm is undergoing a major reorganization with several structural changes, a new business division and the announced retirement of an industry veteran.
QIC, Forest City Enter JV for Westchester Regional Mall
One of Australia’s largest institutional investment managers has acquired a majority stake in the 1.3 million-square-foot Ridge Hill mall, extending its joint venture with Forest City.
Equity, Construction Financing Set for Lighthouse Point
HFF arranged the financing for the first phase of the $200 million mixed-use development on Staten Island’s waterfront, hoping to be a new “New York destination.”
Will Amazon Write a New Chapter for the Bookstore?
A tantalizing rumor has surfaced that the online giant could revive a struggling retail category.
Big-Box Properties Outperform
Cap rates for net-leased big-box properties declined in 2015, leading to increased investor demand for the low-risk assets—but is there enough supply to go around?
TJM Properties Snaps Up Former Harrah’s Resort
The Florida-based firm is the new owner of the shuttered Harrah’s Tunica, located in the “casino capital of the South” and once the property of Caesar’s Entertainment.
Prologis Adds $882M to China Partnership
The global leader in industrial real estate has increased its equity commitment to its China partnership, as e-commerce growth in the country is driving warehouse demand.
Development Underway in Detroit Red Wings Arena District
Investment in The District Detroit project and the new NHL Red Wings arena could hit $1.2 billion as development of residential, retail and office space begins in the area.
HFF Leads $135M Refi for D.C. Trophy Office Building
A joint venture between Hines and Sarofim Realty Advisors secured the 10-year loan to refinance 700 11th St. N.W., in Washington, D.C., Williams & Connolly’s global headquarters.
Forest City Bids Adieu to Stake in Barclays, Nets
As part of its new REIT structure, Forest City continues selling off assets in 2016, this time exiting the basketball business.