Investment
TCC, Clarion, Rosewood Kick Off 1MSF Dallas Office Complex
The Dallas industrial market is about to get a lot bigger, courtesy of a 1 million-square-foot project by Trammell Crow Co., Clarion Partners and Rosewood Property Co.
Penn National Proposes Two Casinos in Iowa Totaling $327M
Penn National Gaming submitted two proposals for a new gaming and entertainment destination in Iowa’s Woodbury County to the Iowa Racing & Gaming Commission to possibly build its trademark Hollywood Casino.
Carothers Building in Cool Springs, Tenn., Sells for Cool $96M
The Lionstone Group, a real estate investment firm based in Houston, recently bought the Carothers Building in Cool Springs, Tenn., for $96 million.
Low-Turnover Tulsa Sees Major 960,000 KSF Office Sale
Investment activity is not precisely brisk in Tulsa, Okla., so the recent trade of Warren Place I & II, a 960,000-square-foot office complex, turned heads.
Behringer Harvard Sells M-F Property in Fort Lauderdale Metro Area
Behringer Harvard has sold Parrot’s Landing, a 560-unit multi-family community situated on a 29-acre site in North Lauderdale, Fla., to a Toronto-based real estate investment company.
Binswanger Brokers Sale, Just Closed, of NW Georgia Industrial Building
The Atlanta office of Binswanger has arranged the sale of a former Mohawk Industries facility, a 220,569-square-foot industrial building on 47 acres in Rome, Ga.
Vornado’s Sale of Philly Property Tied to Mall Redevelopment
Although Vornado is staying mum, and the chaos wrought by Hurricane Sandy didn’t help, the substance behind the REIT’s announcement earlier this week that it was selling four buildings is becoming clearer.
Emeritus to Enter Home Health Care Business with $102M Purchase
Emeritus Corp., the largest provider of assisted living and memory care services in the country, has just made plans to branch out into new territory.
Related Midwest Takes Long-Stalled Chicago Tower on New Course
Shovels are traditional for ground-breaking ceremonies, but Related Midwest’s restart last Thursday of another developer’s downtown Chicago high-rise, stagnant since 2008, reportedly used a sledgehammer instead.
Cole Capital Purchases 440 KSF Richmond Shopping Center for $68M
Cole Real Estate Investments has been busy snapping up premier retail assets in the suburbs of secondary markets all year, and White Oak Village in Richmond, Va., is its latest acquisition.