News
Economy Watch: Retail Sales Inch Up in October
Following a strong month of sales in September, the retail sector got saw another 0.2 percent increase in sales in October, according to the U.S. Census Bureau.
Forest City in Merger Talks
The REIT, which has been exploring options to enhance stockholder value for the last two months, has reportedly received an invitation from Equity Commonwealth to talk about a merger.
Brookfield Bids $14.8B for GGP
The proposed deal would net shareholders $23 per share and BPY units. The official proposal was submitted to the board of directors on Nov. 11.
CIM Group to Expand With Purchase of Cole Capital
VEREIT may receive as much as $200 million, composed of $120 million in cash at closing and as much as $80 million in fees to be paid under a six-year service agreement based on Cole’s future revenues.
JV Unveils $2.5B NJ Mixed-Use Waterfront Project
North American Properties and PGIM Real Estate will create Riverton, a 418-acre, shovel-ready waterfront redevelopment on the Raritan River. This is considered the largest mixed-use project in New Jersey history.
Lee & Associates Principal Receives SIOR Designation
McDougall has completed over 400 transactions in the Phoenix area, valued in excess of $100 million. He has over a decade of experience.
Sunstone Refinances $220M Loan for Hilton SD Bayfront
The interest-only loan offers a three-year initial term and three one-year extension options. The loan replaces the original, which was scheduled to end in August 2019 and had a higher interest rate.
When Tenants Need Space
CPE and Kingsley Associates partnered this month to see what tenants thought about the layout in their CRE spaces.
PGIM Acquires 400 KSF Houston Mixed-Use Asset
LaCenterra at Cinco Ranch recently changed hands. Executive Director Mark Seedorff at PGIM Real Estate’s South Region Transactions arranged the deal.
Mixed-Use Center Sells for $13M in Chicago Suburbs
Marcus & Millichap brokered the sale of Metropolitan Square, a grocery-anchored lifestyle center, in Des Plaines, Ill. The firm represented the seller and procured the buyer.