News
Two More Baltimore Office Towers Go Up For Sale
Two fast-leasing Baltimore office towers are going up for sale. Both are located in the city’s downtown and both are more than 90% occupied.
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.
Ashkenazy Unveils Faneuil Hall Makeover Plan
Ashkenazy Acquisition Corp. has filed plans with the city of Boston for a bold transformation of Faneuil Hall Marketplace, one of the nation’s premier retail properties.
Economy Watch: Global Oil Demand Forecast; Real Estate Revenues for Q2
The International Energy Agency lowers its global oil demand forecast; real estate revenues rose in the second quarter.
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.
Investment Roundup: Retail, Industrial, Office Properties Command $32M
San Diego’s commercial real estate market recorded a solid week as a host of real estate deals totaling around $32 million in value were recorded over the recent time frame. Two Carlsbad office properties, a number of retail buildings in La Jolla, as well as a retail center in Black Mountain Ranch were all involved in transactions in a high-volume week for the commercial sector.
Skanska USA Ready to Start Development of West Memorial Place II
Skanska USA Commercial Development will soon begin work on the development of West Memorial Place II, a 381,000 square-foot office building in the Energy Corridor. The 14-story office building will rise on the company’s 12-acre acre site on Memorial Drive, where they are on track with the development of another office project, West Memorial Place I.
USAA Real Estate, Red Tail Acquisitions Increase Dallas-Fort Worth Industrial Portfolios
USAA Real Estate Company has just completed the acquisition of a Class A bulk distribution portfolio, comprising I-85, a 744,000 square-foot warehouse, and the 758,922 square-foot Dalport Trade Center. The former is located in Union City, Georgia, while the latter is in Wilmer, Texas within the South Dallas submarket.
MRP Industrial, AEW Break Ground on 220,800-SF Spec Project in Prince George’s County
MRP Industrial, an affiliate of MRP Realty, and AEW Capital Management have recently broken ground on a new spec industrial building in Prince George’s County. The project is scheduled to be completed next spring.