News
Clarion to Sell Mexican Industrial Portfolio for $202M
Clarion Partners is selling a 22-building industrial portfolio located in Mexico to FIBRA Uno, a Mexican public REIT, for $202 million.
Kendal Group Wins Key Approval For $19.5M M-F Project in Beerline District
Waukesha-based Kendal Group Ltd. is planning the construction of two apartment buildings totaling 113 units in the city’s Beerline neighborhood north of downtown. According to JSOnline, the Milwaukee Redevelopment Authority has approved the project, which exceeds the area’s density standard of up to 40 housing units per acre.
Inland Appoints CEO Zalatoris to Board
By Barbra Murray, Contributing Editor Inland Real Estate Corp. has a new board member. Mark Zalatoris, president & CEO of the retail REIT, has been appointed to the board as a director of the company. Zalatoris has been part of the Inland Real Estate Group of Cos. since 1985, when he came aboard as an executive with Inland Real Estate Investment Corp. He landed at his current Inland home in 2000 as CFO and executive vice president. Four years in, he became chief operating officer, a position he held until 2008, when he ascended to his present role as president…
RXR, Walton to Buy 237 Park in Manhattan from Lehman
RXR Realty and an affiliate of Walton Street Capital, have acquired 237 Park Ave., a 21-story office building, from an entity controlled by an affiliate of Lehman Brothers Holdings.
Montana Property JV to Develop $400M M-U Project Near New 49ers Stadium
A joint venture of Montana Property Group and Lowe Enterprises has unveiled plans for Santa Clara Centennial Gateway, a $400 million, 860,000-square-foot, entertainment-themed, mixed-use development on a 9.5-acre downtown site owned by the city of Santa Clara, Calif.
CPE 100 Quarterly Sentiment Survey: Service Sector to Lead Consolidation Trend
The wave of corporate acquisitions in commercial real estate will continue to pick up speed during the next several quarters, and executives welcome the trend as a plus for the industry.
Economy Watch: Pending Home Sales Decline; Industrial Production Up, but Not Manufacturing; Single-Family Delinquencies Dip
The Pending Home Sales Index dropped to 101.6 in September from a downwardly revised 107.6 in August. Industrial production increased in September by 0.6 percent, but manufacturing added little to the September gain. And the single-family serious delinquency rate declined from 2.6 percent in August to 2.5 percent in September.
Roland Garros Expansion Plans Get Green Light
One of the most important sports venues in the world, Roland Garros, is set for a massive expansion and renovation process. Parisian authorities lifted a suspension on the plan that was stalled in March for fear of harming the environment.
Leitner Tapped as President of Berkshire
Berkshire Group has selected Charles Leitner, a well-known fixture in commercial real estate, to serve as president of the property investment, management and development firm.
CORENET GLOBAL SPECIAL REPORT: Future Workplace to Result in Reduced RE Footprint
Workplace optimization, enabled by a mobile workforce, will entail the reduced use of office space in the future, according to a panel held during the CoreNet Global North American Summit 2013.