Investment
Phillips Edison, Northwestern Mutual Form $415M JVs
The two seeded joint ventures, Grocery Retail Partners I and II, own a combined portfolio of 20 shopping centers anchored by leading grocers.
Atlanta Mixed-Use Development Lands $278M Loan
North American Properties and Lionstone Investments will use the financing to develop the next phases of Colony Square. The project is set to include entertainment, retail, restaurants and office space.
CFO Corner: 3 Ways to Leverage Fintech
Two Deloitte experts offer strategies for owners, investors and developers to power growth by partnering with fintech startups.
Blue Stone Acquires PA Office Asset
Newmark Knight Frank’s Capital Markets team represented the seller, Delaware Valley Real Estate Investment Fund LP, in its disposition of 1001 Adams Ave., a 137,000-square-foot building in Audubon.
Omni Houston Hotel Completes $30M Renovation
The brand’s Uptown Houston location has undergone a transformation that includes redesigned and renovated spaces as well as new amenities.
Cerberus JV Acquires Bucharest Office Campus
The Landmark is the only office campus of its size in north Bucharest, with nearly 250,000 square feet of leasable space, as well as additional retail space.
Portland Industrial Property Changes Hands for $49M
Specht Development and Ares Management have teamed up on the acquisition of the nearly 1 million-square-foot facility, which currently houses grocery wholesaler and retailer SUPERVALU.
Ready Capital, Owens Realty Mortgage to Merge
The combined company will operate as Ready Capital, be headquartered in New York City and retain Thomas Capasse as chairman & CEO.
R2 Cos. Buys 525 KSF Midwest Creative Office Portfolio
The real estate investment firm acquired the collection of 11 buildings, located in Minneapolis and Milwaukee, from Sara Investment Real Estate in a $60 million transaction.
Crystal City’s Courting of Amazon’s HQ2
The Northern Virginia locale would see a boon to its office and retail real estate markets should the e-commerce leader’s multibillion-dollar second headquarters come to town.