News
Rouse Properties Acquires 51% Interest in Tupelo, Miss., Mall
Rouse Properties has entered into a joint venture with David Hocker & Associates Inc. to acquire The Mall at Barnes Crossing.
Federal Capital Partners Closes on Record Apartment Portfolio Deal in DC Area
Federal Capital Partners has acquired six Washington, D.C., metropolitan area properties and plans capital improvements on all of them.
Economy Watch: Home Prices, Construction Spending, Purchasing Managers Index
Home prices, including distressed sales, increased 7.4 percent in July 2014 compared with the same month a year earlier, while construction spending increased to an annualized rate of $981.3 billion and the purchasing managers index increased 1.9 percentage points in August.
Citizens Financial Leads $296M Financing for 1.2 MSF Chicago Office Project
Citizens Financial Group has paved the way for the O’Donnell Investment Co.’s $500 million development of 150 N. Riverside, a nearly 1.4 million-square-foot office high-rise in Chicago’s coveted West Loop submarket.
$80M Hilton Dallas/Plano Granite Park Hotel Opens in Texas
The $80 million Hilton Hotels & Resorts property brings 299 guest rooms to the 90-acre mixed-use locale in Plano.
Barclays Picks Metro Dallas Office Park for U.S. Tech Center
In a milestone for a major master-planned community, Barclays Bank has taken 40,000 square feet of Class A space for its U.S. technology center at Craig Ranch in McKinney, Texas.
Realco Capital Buys 2 Student Housing Properties in Tampa
Smith Equities Real Estate Investment Advisors secured Realco Capital Partners as the buyer of two student housing communities in Tampa, Fla., on behalf of two different sellers.
Carter Validus Acquires 2 Phoenix-Area Data Centers in $125M Sale-Leaseback Deal
In a $125 million sale-leaseback deal, Carter Validus Mission Critical REIT Inc. has acquired data centers in Phoenix and Scottsdale, Ariz., from IO.
Economy Watch: August Results for Personal Spending, Consumer Confidence
Personal income, savings and consumer sentiment were all up in August; personal consumption and confidence in the future of the economy declined.
Construction Nears for Island Paradise Investments’ $75M Senior Care Community in Waikiki
Island Paradise Investments of San Francisco will soon break ground on a 17-story senior living facility at the entrance to Waikiki on Kalakaua Avenue.