News
Associated Estates Realty Corporation Acquires Luxury Apartment Community
The recently completed 1160 Hammond luxury rental community was picked up by Associated Estates Realty Corporation, the Ohio-based company announced in a press release. The multifamily property is located in the Sandy Springs/Perimeter submarket of Atlanta, within walking distance of the Sandy Springs MARTA station along with 29 million square feet of offices and retail options including the Perimeter Mall.
One North Interactive Moving Headquarters to 222 North LaSalle
Chicago-based digital agency One North Interactive is moving its headquarters from 1 N. Dearborn to 222 N. LaSalle.
International: Qatar Shops in Milan
Qatar Investment Authority has completed the purchase of a major development in the Italian city of Milan.
Meridian Masterminds Major CMBS Loan for Manhattan Asset
Meridian Capital Group has made the refinance of two prominent Manhattan buildings happen.
Retail Property Housing Kohl’s in L.A. Trades Hands at Record-Breaking Cap Rate
A Los Angeles area Kohl’s recently traded hands in a deal worth a reported $22 million. The transaction was arranged by Ed Hanley, Kevin Fryman and Eric Wohl of the Hanley Investment Group. The team arranged the deal for the triple-net leased property at a cap rate of 4.8 percent, one that Hanley Investment Group calls “the all-time lowest ever for a single-tenant Kohl’s in the U.S.”
Is Simon Chasing Macerich Again?
Four months after announcing it had acquired 3.6 percent ownership position in rival mall competitor The Macerich Co., Simon Property Group may be looking to take over the whole retail REIT.
Hines Global Grabs Bellevue Office Portfolio
Hines Global REIT is continuing its expansion in the greater Seattle area’s prominent real estate market with a second acquisition.
Hess Tower Designated a BOMA 360 Performance Building
The Building Owners and Managers Association (BOMA) International recently designated the Hess Tower in Houston as a BOMA 360 Performance Building, according to an official CBRE press statement. The designation recognizes the industry’s best practices in building operations and management.
Mead Johnson Moving Headquarters to West Loop
Baby formula maker Mead Johnson Nutrition is leaving Glenview, Ill. behind and relocating its corporate headquarters to River Point, a new high-rise currently under construction in Chicago’s West Loop.
Amstar Places Bet on Dallas’ Industrial Market
Is it time to move from build-to-suit and pre-leased industrial projects to speculative ones in Dallas? Denver-based Amstar certainly thinks so! The firm recently announced that it executed a ten-year lease with MI Windows & Doors at the DFW North Distribution Center in Flower Mound, TX, a speculative project started in 2014 with development partner Huntington Industrial Partners.