Investment
Industrial Investors Shift Strategies: Report
While still bullish on the sector, industry experts are taking a more strategic investment approach, according to the newest RCM-SIOR investor sentiment study.
SL Green Buys Kenneth Cole’s Manhattan HQ
The fashion retailer will lease back roughly 40,000 square feet in the WWII-era building in Hell’s Kitchen.
Harbor Expands Southern California Footprint
The company formed a joint venture with Taconic Capital Advisors to purchase a five-building office portfolio in the Inland Empire.
Angelo Gordon JV Scoops Up Singapore High-Rise for $396M
Keppel REIT has netted significant capital gains following the sale of the 250,000-square-foot Bugis Junction Towers.
Columbia Property Trust Buys Normandy Real Estate in Cash, Stock Deal
The $100 million deal further expands Columbia’s presence in New York, Washington, D.C., and Boston, where more than half of the REIT’s portfolio is located.
Jacksonville Retail Center Sells for $23M
JLL assisted Brixmor Property Group in the sale of a 112,613-square-foot, fully leased retail center, anchored by Best Buy, Urban Air Trampoline and Adventure Park.
5 Forces Directing CRE Capital Flows
Investors are driven in part by the reinvention of real estate, said Allianz’ Karen Horstmann at the New York University Schack Institute’s annual Women in Real Estate Symposium.
Nuveen Boosts Boston Presence
The company has acquired 350 Washington, a Downtown Crossing retail property that has several major anchors including Marshall’s HomeGoods, TJ Maxx and Boston Sports Club.
Blackstone Bets $4.3B on Bellagio
In a joint venture with MGM Resorts, Blackstone Real Estate Income Trust has agreed to buy the iconic Las Vegas resort.
Few Economists See Downturn Despite Waning Growth Outlook
Most participants at the National Association of Business Economists meeting in Denver were sanguine about the prospects for the U.S. economy.