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Positive Outlook for REIT Returns
NAREIT’s latest report reveals that stock exchange-listed REITs outperformed the broader U.S. equity market last year, likely signaling a good year ahead for REITs.
Rumors of Legg Mason, Clarion Deal Heat Up
Legg Mason, the Baltimore-based global asset manager, could soon be the new majority owner of real estate investment manager Clarion Partners in a deal valued at $850 million.
Alter Group Alters its Name
The noted national commercial real estate development firm known as the Alter Group has changed its name.
Macy’s to Close More Stores, Seek Partnerships
Hours after Macy’s announced its store in the Irvine Spectrum Center was closing, the Irvine Co. released plans for a major $150 million reinvestment plan.
RCS Capital Makes a Deal
The investment company RCS Capital Corp. announced a financial restructuring plan that includes a voluntary petition for a prearranged Chapter 11 bankruptcy.
Crow Holdings Closes New Fund at $1.9B
Crow Holdings Capital has closed Crow Holdings Realty Partners VII at about $1.9 billion and has started putting that money to good use in the market.
GI Partners Increases Data Center Portfolio
GI Partners has acquired Synergy Park, an approximately 300,000-square-foot data center and office property in Richardson, Texas.
Pru-Led JV Buys OC Office Campus
Prudential Real Estate Investors and McCarthy Cook & Co. have acquired MetroCenter at South Coast, an 800,800-square-foot office campus in Costa Mesa, Calif.
Williamsburg Mixed-Use Sets Sights on 2016
Heritage Equity Partners and Rubenstein Partners have submitted plans to develop 25 Kent Ave., a proposed 480,000-square-foot project.
NGKF Picks Up Former Cushman Affiliate
Newmark Grubb Knight Frank has acquired Cincinnati Commercial Real Estate, an established real estate group that handles office, industrial and retail leasing and investment sales.