Investment
INTERNATIONAL: Tanger Outlets to Open Newly Constructed 293 KSF Store in Ottawa
The new property is Tanger Outlets’ first ground-up construction in Canada.
Post Properties Exits NYC, Sells 2 M-F Assets for $270M
Post Properties Inc. has bid adieu to the Big Apple with the disposition of Post Luminaria and Post Toscana, two luxury apartment communities featuring an aggregate 337 units.
Ross Stores Buys 1372 Broadway from Starwood Capital
The off-price apparel retailer acquired the leasehold interest in the 572,000-square-foot office building in Midtown Manhattan.
Parkway Properties to Pay $475M for 22 Office Assets, Then Sell Most
The office REIT is under contract to buy a 2.1 million-square-foot portfolio of Class A assets spanning six Sunbelt states for $475 million.
Fosun, JLL Team Up to Lease NYC’s One Chase Manhattan Plaza
A year after acquiring One Chase Manhattan Plaza for $725 million, Fosun Property Holdings is nearing completion of the 2.2-million-square-foot Manhattan tower’s repositioning and has enlisted JLL to facilitate leasing.
Madison International Acquires 50% Stake in Oslo Luxury Retail Center
Madison International Realty has acquired a 50 percent stake in The High Street Shopping Co., a major retail shopping development in Oslo, Norway, from Schage Eiendom.
Morningstar to Move NYC Office to 4 WTC
Morningstar Inc. has signed a 10-year, 30,000-square-foot lease at 4 World Trade Center.
Executive Insights: Daniel Kline, Delancey Street Capital
Daniel Kline, founder of Delancey Street Capital, talks about the Baltimore Class B and C multi-family market.
Rockpoint Group Closes Fund with Nearly $1B in Commitments
Rockpoint Group has closed its Core Plus Fund I, which was not formally marketed, with $950 million of equity commitments.
NorthStar to Buy 7,000-Room Hotel Portfolio from Inland American for $1.1B
NorthStar is buying a 7,000-room portfolio of upscale extended stay and select service hotels from Inland American Real Estate Trust.