News
Avison Young Acquires Atlanta-Based Eidson Group
Toronto-based Avison Young’s U.S. expansion program continues with no end in sight, as the company brings yet another real estate services firm into the fold with the acquisition of the Eidson Group in Atlanta.
Southern Land Scales Down Project, Moves Ahead With 16 Stories
Nashville-headquartered Southern Land Co. has announced it will be moving forward with its mixed-use Green Hills project, albeit in a scaled down version
Wood Partners to Break Ground on 270 KSF Apartment Building in Tempe, Ariz.
Wood Partners is preparing to break ground on Alta Tempe, a 296-unit apartment complex at University Drive and Dorsey Lane in Tempe.
Kearny Real Estate Grabs 232 KSF Downtown San Diego High-Rise
Kearny Real Estate Co. has acquired the Union Bank Building, a 232,098-square-foot office building at 530 B St. in downtown San Diego, from Union Bank N.A.
Arden Group Acquires 254 KSF Class A Office Property in West Conshohocken, Pa.
Arden Group has acquired 100 and 200 Four Falls Corporate Center, a 254,000-square-foot, Class A office property in West Conshohocken, Pa., that was in receivership.
Economy Watch: Economy Adds 74,000 Jobs in December; Holiday Season Sales Up; Commercial Mortgage Lending to Rise in ’14
The U.S. economy created 74,000 jobs in December. Retailers finished the 2013 holiday season with increased sales. And commercial and multi-family mortgage lending is expected to increase in 2014, as lenders want to place more loans than before.
China’s Greenland Group Buys 7.7-Acre Brewery Development in London
Chinese state-owned developer Greenland Group has entered the U.K. market with the acquisition of the Ram Brewery development site in Wandsworth, London, in a transaction with a total investment value of $987 million.
Vestar Grabs 900 KSF Denver-Area Regional Retail Center for $124M
Vestar, which boasts a hearty retail portfolio spanning the Western United States, has just added metropolitan Denver to its footprint with the acquisition of the 914,000-square-foot Orchard Town Center in Westminster, Colo.
Exclusive: Kasselman to Head NGKF National Industrial Practice
Industry veteran of 26 years Geoffrey Kasselman has been tapped as an executive managing director at Newmark Grubb Knight Frank’s Chicago office, CPE has learned, leading the firm’s national industrial practice.
Terramar Acquires New Retail Center on Oahu for $100M
Terramar Retail Centers has purchased, for $100 million, the Laulani Village Shopping Center, a 223,000-square-foot neighborhood retail center in Ewa Beach, Oahu, Hawaii.