News
Rockefeller Group Sells 1.5 MSF General Mills Distribution Center in Atlanta
The Rockefeller Group Development Corp. has sold the 1.5 million-square-foot General Mills Distribution Center in Social Circle, Ga., to Welsh Property Trust.
Hotel Market Picks Up in Baton Rouge
GTM Hospitality, LLC and LIG Assets, Inc. (LIGA) have announced the acquisition of the 81-unit Wyndham Baton Rouge Hotel for an undisclosed amount.
International: Laurus to Develop 323 KSF Retail Project in Nigerian Capital
Construction on Jabi Lake Mall, a 323,000-square-foot retail development in Nigeria’s capital, Abuja, is underway, according to project and development manager Laurus Development Partners.
Calkain Expands with New Office in Atlanta
Calkain has kicked off its national expansion program and first on the list of markets targeted for entry is Atlanta, where the company just opened a new office.
Gaming and Leisure Buys Meadows Racetrack, Casino in Washington, Pennsylvania for $465M
Gaming and Leisure Properties, a REIT that spun off from Penn National Gaming late last year, has acquired The Meadows Racetrack and Casino in eastern Pennsylvania for $465 million from Las Vegas-based Cannery Casino Resorts.
Meridian Arranges $142M in Financing for 2 MSF Detroit-Area Office Complex
Meridian Capital Group has arranged a $142 million mortgage on behalf of 601 West Cos. for the latter’s purchase of Southfield Town Center in Southfield, Mich.
Economy Watch: FHFA Not Focusing on GSE Wind Down; Wholesale Inflation Sees Uptick in April
The new director of the Federal Housing Finance Agency, Melvin Watt, does not intend to focus on GSE wind down. Volatility in the food and energy sector led to some wholesale-price increases in April.
Fountain Builds Second Off-Campus Community at University of Houston
Construction is underway on Campus Vue, an off-campus five-story housing complex at the University of Houston.
RED Development to Break Ground on 800 KSF Mixed-Use Project in Uptown Dallas
Phoenix-based RED Development plans to break ground on Akard Place, an 800,000-square-foot mixed-use project in Uptown Dallas.
Regent Properties Buys Carlsbad Office Building; Legacy Signs AltheaDx to Torrey Pines HQ
A Carlsbad office property traded hands recently when Regent Properties paid a fee of approximately $16 million for Atlas at Carlsbad. Meanwhile, a Torrey Pines HQ office building secured its tenant as AltheaDx inked an agreement for around 70,000 square feet at the recently renovated facility.