News
Eller Capital Partners Acquires Value-Add Opportunity in Chapel Hill for $3.6M
Eller Capital Partners has recently acquired the Colonial Arms Apartments on Hillsborough Street in Chapel Hill. The company paid $3.6 million for the 41-unit, townhouse-style community, which it rebranded as 612 Hillsborough.
Simon Proposes to Macerich, But is the Ring Big Enough?
Simon Property Group’s proposed $22 billion acquisition of The Macerich Co. is producing the usual commotion that follows a multi-billion buyout offer: criticism, congratulations, speculation and the like.
Resource Real Estate Buys M-F Asset in Austin
Austin’s Woodmoor Apartments residential community has changed ownership. The new owner, Resource Real Estate Opportunity REIT, Inc., has completed the acquisition with sponsorship from Resource Real Estate, Inc. Details about the transactions were not disclosed.
Blackstone to Buy Willis Tower?
It’s still early in the year, but maybe Blackstone Group’s global head of real estate, Jonathan Gray, should be thinking about clearing space on his shelf for another award or two.
ARC Global Seeks NYSE Listing, Names New Board Chair
American Realty Capital Global Trust Inc.’s stock will be up for grabs soon.
Wuest Joins Marcus Partners
Marcus Partners has brought a commercial real estate veteran on board.
Economy Watch: Strong Employment Trends Good for CRE
Strong employment numbers means spurred demand for commercial real estate.
E.Con Special Report: 7 Key Drivers for E-Commerce
Erica Rascon, Contributing Writer Accessibility on several counts tops the list of secrets to success in e-commerce. That was the determination of a session on e-commerce site and building selection at NAIOP’s second annual E.Con e-commerce conference, held late last week in Atlanta. Moderator K.C. Conway, senior vice president of credit risk management at SunTrust Bank, led the spirited discussion among attendees and panelists Scott Belfer, senior vice president at CBRE Inc.; Amy Gerber, executive vice president with JLL; Michael Mullis, senior vice president of real estate for J.M. Mullis Inc.; and Hugh Williams, principal with Avison Young. The top…
Simon Offers to Buy Macerich for $91 P/Share
It is a rumor no longer. Simon Property Group has reached out to The Macerich Co. via snail mail confirming that it would like to buy the retail REIT’s outstanding stock for $91 per share in cash and Simon shares.
Veer Towers Hits $100M Milestone
Veer Towers recently hit a major sales milestone as the company currently in charge of selling units at the property announced it has sold condos worth more than $100 million. Pordes Residential Sales and Marketing has now completed deals for 225 residential units in the Veer Towers complex since it took over sales operations, in 2013.
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