News
Rialto Capital, Kismat Investments Pay $10M for N. Las Vegas Strip Mall
In mid-January, a retail property in North Las Vegas traded hands when Faris Lee Investments completed a deal between seller TNP SRT Craig Promenade, LLC and new owner RREF II-KI Promenade LLC. The buyer, a joint venture between real estate companies Rialto Capital and Kismat Investments agreed a deal worth $10.1 million. The property that was the object of the transaction is Craig Promenade, a strip retail center occupying a 10.81-acre site in NLV.
Video – Reis Q4 2013 Office Trends
Reis VP of Economics & Research, Dr. Victor Calanog, provides an update on Office sector performance for the 4th quarter of 2013.
NGKF Scores Retail Leasing Assignment at Chicago’s 100-Story John Hancock Center
The renowned John Hancock Center mixed-use tower in Chicago features a premier 190,000-square-foot retail segment, and Newmark Grubb Knight Frank has just been tapped to serve as its exclusive leasing agent by the owners of the space.
Griffin Capital Gets $111M Refi for 5-Property Portfolio
Griffin Capital Corp. and five single-purpose borrowing entities, wholly owned by the operating partnership of Griffin Capital Essential Asset REIT, have completed a $111 million refinancing of a five-property, 889,800-square-foot office and industrial portfolio.
Former Thomas Properties Group Execs Form New Venture
Three former Thomas Properties Group Inc. senior executives have joined forces with another commercial real estate veteran to form Coretrust Capital Partners in Los Angeles and Philadelphia.
Economy Watch: ADP: 175K Jobs Added in January; Lending Standards Easing; Service Sector Still Growing
The U.S. private sector created 175,000 jobs in January, with the largest number created by small businesses. More domestic banks are easing their lending standards on a variety of business and consumer loans during the last three months. And the Institute for Supply Management said that its non-manufacturing index was up 1 percentage point to 54 percent in January, compared with December.
The February digital edition of CPE is now available!
Editor’s Note: Repair, Replace, Recover At press time, Congress has just approved a $1.1 trillion spending bill funding the federal government until September. News Story: Hilton IPO Sets Record Once word came from private equity firm Blackstone Group in September that it was planning an initial public offering for Hilton Worldwide, anticipation began building. Trend Story: Fine Dining Takes to the Malls Fine dining and retail are colliding! Cover Story: Bridging the Gap Industry innovators find solutions to the nation’s infrastructure crisis. Finance Special Focus: New Visions: Smart Deals and Hubris Cohen Financial CEO Jack Cohen discussed the state of the…
Starwood Hotels Plans 140-Key Aloft for Rancho Bernardo
The growing tech submarket of Rancho Bernardo, an area of San Diego that has seen its profile raised over recent years is set to welcome one of the most exciting hospitality brands out there. Starwood Hotels & Resorts Worldwide recently announced the development of a new Aloft-branded hotel, set to open in 2016.
Westmount Realty Capital Buys 1.5 MSF Industrial Portfolio in Chicago
Westmount Realty Capital acquired a 1.5 million-square-foot premier Chicago industrial portfolio sited in spots surrounding O’Hare International Airport from KTR Capital Partners.
Hillwood Communities to Break Ground on $600M Master-Planned Development in Little Elm, Texas
Hillwood Communities continues feeding the growing demand for new homes in Texas with two master-planned communities starting development this year, including a $600 million, 787-acre community in the Dallas-Fort Worth suburbs.
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