Investment
Herrick Co. Buys 44 CVS-Leased Retail Properties for $190M
The Herrick Co. shelled out $190 million on the acquisition of a portfolio of triple-net leased retail/pharmacy locations spanning 17 states, all of which are leased to CVS Caremark, from Fortress Investment Group.
Marcus & Millichap Expands into Canada, Opens 3 Offices
Marcus & Millichap has entered Canada with not just one office, but three: in Toronto, Vancouver and Calgary.
Guest Column: A Bid for TRIA
Commercial real estate industry executives are watching Congress closely as it considers whether to extend the Terrorism Risk Insurance Act, a backstop for private insurance companies so they can offer terrorism insurance.
Millennial Magnets: Top Locations
Which U.S. counties sport the highest concentrations of Millennials? The Nielsen Co. analyzed this three different ways: for householders age 20-34, those age 25-34 (which focuses attention on those more likely to have entered the workforce and attained greater earning power) and those age 25-34 with high incomes. The following charts rank the top 50 counties for each category. For a more extensive discussion of where Millennials live, how they are spending their money and how retail real estate owners can best apply this information, turn to “Millennial Magnets,” the 2014 CPE-Nielsen Special Report in the May 2014 issue of…
ULI Spring 2014: Investment Trends in Latin America
Fred Gortner, managing director & COO at Paladin Realty Partners, talks about his firm’s investment strategy. Over the last 15 years, Paladin has been one of the leading investors in Latin America, with activity spanning seven countries and valued at over $5 billion in assets.
Federal Capital Partners, Roi-Tan JV Buys Historic Cigar Factory in Charleston, SC
The historic Cigar Factory building in Charleston, S.C., is destined for a major makeover now that joint venture partners Federal Capital Partners and Roi-Tan Investments have acquired the 245,000-square-foot office structure and announced plans for its $55 million transformation into a premier mixed-use office and retail property.
Cardinal, Capital Solutions Receive Financing for East Denver M-F Community
A joint venture between Cardinal Group Investments and Capital Solutions has secured a 12-year fixed-rate loan for financing for Fairways at Lowry, a 450-unit multi-housing community in the Lowry submarket of Denver.
CBRE Arranges $142M Loan for 4 MSF Industrial Portfolio in Georgia, Nevada, Texas
KTR Industrial Fund III, an investment vehicle of KTR Capital Partners, has just reeled in $142 million of financing for a 4.3 million-square-foot portfolio in Georgia, Nevada and Texas, courtesy of a helping hand from CBRE Capital Markets’ Debt & Structured Finance group.
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