Investment
JPMorgan Chase Makes $100M Commitment to Revitalize Detroit Communities
The city of Detroit just got a boost that will have an enduring impact. JPMorgan Chase & Co. has announced a $100 million, five-year commitment to bolster the economic recovery of the city, which, in 2013, became the largest city in U.S. history to file for bankruptcy.
Chinese Developer Buys Majority Stake in Historic San Francisco Office Property for $350M
Chinese developer Kylli Inc. has bought a majority stake in the 22-story office building at 225 Bush St., in the San Francisco CBD, taking the share previously owned by GEM Realty and SEB ImmoInvest.
Lincoln Property Sells 3-Building Office Asset in Orange County for $94M
Nearly three years after acquiring One Pacific Plaza through a receivership sale, Lincoln Property Co. and GEM Realty Capital have sold the three-building, Class A, Orange County office property to Prudential Real Estate Investors for $94 million.
Hudson News Distributors Sells 475 KSF HQ in North Bergen, NJ
Print media giant Hudson News Distributors has sold its long-time 23-acre headquarters in North Bergen, N.J., to Bergen Logistics, and leased a new space in Parsippany, N.J.
Carlyle Group to Acquire Majority Stake in Talent Partners
The Carlyle Group has entered into an agreement to acquire a majority interest in Talent Partners, a talent payroll, production support services and rights management solutions provider to the advertising industry.
ARC to Sell Multi-Tenant Shopping Center Portfolio to Blackstone
Looking to pay the bill for the Red Lobster sale-leaseback deal, American Realty Capital Properties said it intends to sell most of its multi-tenant shopping center portfolio to a Blackstone fund for $2 billion in cash.
Executive Spotlight: John Hammill, Capview Partners
John Hammill and partner Ken Shulman set their sights on becoming the leading investment and consulting firm focused strictly on single-tenant net lease properties. The result was Capview Partners. Hammill talks about opportunities in the space.
RECon Special Report: Top Executives Offer Retail Insights at Annual Marcus & Millichap Event
A diverse lineup of executives created a snapshot of a resurgent retail real estate sector at the annual panel discussion hosted in Las Vegas by Marcus & Millichap.
RCS Capital to Acquire Strategic Capital Cos.
RCAP has entered into a purchase agreement with Validus Strategic Capital Partners, which owns SC Distributors, a wholesale broker-dealer of alternative investments, and Strategic Capital Advisory Services.
