News
Cole Real Estate Investments Acquires Hillshire Brands Company Headquarters for $97.5M
Cole Real Estate Investments has recently announced the acquisition of The Hillshire Brands Company headquarters on behalf of Cole Corporate Income Trust Inc. for $97.5 million.
Median Home Values in San Francisco Hit $1M Mark in April as Single-Family Housing Heats Up
Good news for the area’s housing market as a recent report from the San Francisco Association of REALTORS indicates that prices have escalated and are now reaching new heights. The SFAR has revealed that according to sales data from April, San Francisco’s median home prices have now surpassed the $1 million mark, a staggering increase over 2012, and a return to pre-downturn levels.
RECon Special Report: Veterans See Promising, Yet Chastened, Retail Sector
Promising yet chastened by recession was the picture of retail real estate’s prospects sketched by five veteran executives at the annual market outlook sponsored in conjunction with RECon by Marcus & Millichap Real Estate Services Inc.
Economy Watch: Home Prices Climbing; Truck Tonnage Drops; Philly Coincident Indexes Up
American home values continued to climb in April. The American Trucking Association’s For-Hire Truck Tonnage Index fell 0.2 percent in April after rising 0.9 percent in March. And Philly Coincident Indexes increased in 47 states over the past three months.
Cole Acquires 234 KSF HQ for Hillshire Brands Co. for $98M
Cole Real Estate Investments has acquired The Hillshire Brands Co.’s headquarters in the West Loop of Chicago’s CBD on behalf of Cole Corporate Income Trust Inc. for $98 million.
TCC, Carlyle Group Break Ground on 240 KSF Junction Flats in Minneapolis
Construction has begun on Junction Flats, a six-story, 182-unit luxury apartment building in downtown Minneapolis located near Target Field and a major transit hub.
Lightstone Buys Baton Rouge Hotels for $15.6M
Lightstone Value Plus Real Estate Investment Trust, Inc. (LVPR) has recently acquired two Baton Rouge hospitality assets, paying $15.6 million for two Marriott-branded hotels: a Courtyard by Marriott hotel and a Residence Inn by Marriott property.
Hines Purchases LA’s 325 KSF Campus at Playa Vista for $218M
Hines Global REIT Inc. has added the Campus at Playa Vista, a 325,000-square-foot office complex in the Playa Vista neighborhood of West Los Angeles, to its portfolio.
PrivatePortfolio Group Pays $68M for Scottsdale M-F Complex; $40M Student Housing Project Nears Completion in Tempe
In a $68.3 million deal, PrivatePortfolio Group LLC of Seattle has acquired Crown Court Apartments, a 416-unit multi-family property in Scottsdale.
Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE Group Inc.’s Phoenix office represented the seller and structured the transaction. The property was 95 percent occupied at the time of closing.
Economy Watch Weekly: Less Deficit, More Retail Sales, Optimistic Homebuilders: Fairly Good Week
CPE’s economic analyst, Dees Stribling, gives his update for the week ending May 17.
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