Investment
Inland Set to Acquire 15-Property Retail Portfolio for $318M
Inland Real Estate Income Trust Inc. is adding 15 retail centers located across eight states to its portfolio.
BREAKING NEWS: Washington Prime Group to Acquire Glimcher for $4.3B
The combined portfolio would have 119 retail properties with approximately 68 million square feet of gross leaseable area.
DDR CEO Hurwitz to Depart at End of 2015
DDR Corp. made an unexpected announcement on Friday that CEO Daniel Hurwitz will leave the shopping center REIT after his employment agreement expires at the close of 2015.
Executive Spotlight: Riggs Kubiak, Honest Buildings
Riggs Kubiak, founder & CEO of Honest Buildings, talks about his formation of a platform that New York real estate developers and owners can use to connect with architects, contractors and other vendors.
In $183M Deal, Vail Acquires Park City Ski Resort from Powdr
Ending a legal battle, Vail Resorts is buying Powdr’s top-ranked ski destination in Park City, Utah, for $182.5 million..
Inland Real Estate, PGGM to Develop Power Center in Chicago
Inland Real Estate Corp. and Dutch pension fund advisor PGGM are teaming up to develop Pulaski Promenade, a 133,000-square-foot power center on Chicago’s southwest side.
LaSalle Hotel Properties to Sell Newport Asset for $77M
LaSalle Hotel Properties has agreed to sell the luxury, 208-room Hotel Viking in Newport, R.I., for $77 million.
INTERNATIONAL: W.P. Carey Completes Sale-Leaseback with Nokia in Poland
In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office/R&D facility in Poland on behalf of one of its non-traded REIT affiliates.
Zero Energy Buildings to Become Big Business in Future
Navigant Research predicts the market’s annual global revenue will skyrocket to $1.4 trillion in 2035.
INTERNATIONAL: Prologis Adds 2.5 MSF in Eastern Europe
Prologis recently considerably expanded its portfolio with a number of acquisitions carried out in the Czech Republic, Poland and Slovakia.