Investment
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.
Office Properties in San Francisco Sell for Over $700M
San Francisco’s office investment market continues to sizzle, with two more high-profile sales closing.
Metro Washington Data Center Goes to JV in $188M deal
Affiliates of Digital Realty Trust and Griffin Capital Essential Asset REIT embark on a joint venture to acquire a data center in Virginia.
Crocker Partners Purchases 1.4 MSF Flagler Office/Industrial Portfolio
Crocker Partners has just doubled the size of its portfolio in Jacksonville, Fla.
American Realty Capital NYC REIT Grabs 59 KSF Commercial Condo
American Realty Capital New York City REIT Inc. has just acquired the 58,800-square-foot Laurel Commercial Condominiums at 400 E 67th St. on Manhattan’s Upper East Side.