News
JV to Acquire Major Retail Portion of the Suburban Pittsburgh Waterfront
By Adriana Pop, Associate Editor A joint-venture between BIG Shopping Centers USA of Los Angeles and Chicago-based M&J Wilkow Ltd. has acquired 765,000 square feet of space at the Waterfront retail development, the second largest shopping complex in the Pittsburgh area. According to the Pittsburgh Business Times, county records indicate that the group of investors […]
Nashville City Center Parking Breaks Ground
Nashville City Center’s (NCC) long-awaited parking garage has finally broken ground. The six-level parking facility now under construction at Parmenter Realty Partners’ 27-story downtown Nashville office tower will provide 475 new parking spaces
Canada’s Ivanhoé Cambridge Invests $234M in Silicon Valley Apartment Market
Ivanhoé Cambridge acquired a 208-unit apartment building in San Jose, and announced plans to develop a 648-unit property in the same city.
Economy Watch: Beige Book Reports Residential Market Positives; Job Openings Up Since Last Year; S&P Downgrades Spain
The Beige Book reported that national economic activity has expanded modestly since the last report. Job openings remain unchanged since last month, but have spiked since last year. Standard & Poor’s has lowered the rating on Spanish sovereign debt–again.
Grosvenor, Skanska Team on 650 KSF M-U Project in D.C.
In a JV, Grosvenor Americas and Skanska USA Commerical Development will create a mixed-use Class A project in a Wash. D.C. neighborhood.
Northwood Investors Buys Metro Denver’s 900 KSF Southlands Town Center
Northwood Investors of New York has acquired a 900,000-square-foot outdoor lifestyle center in Aurora, Colo.
CoreNet Special Report: Flexible Workplace–Before, During, After Change
A panel of world-class corporate real estate leaders offered some valuable lessons on the ‘before, during and after’ stages of adopting a workplace flexibility program during the CoreNet Global Summit in Orlando this week.
Blackstone Real Estate Fund Raises $13B
The Blackstone Real Estate Partners VII fund has closed after raising $13 billion in 13 months from more than 250 global investors.
Mack-Cali Makes Major Move in M-F Market
Mack-Cali Realty entered into a definitive agreement to buy the real estate development and management businesses of Roseland Partners.
EXPO REAL Special Report: John Jacob Astor Award Winner Announced
On the second day of the EXPO REAL , a commercial real estate conference in Germany, the winner of the prestigious John Jacob Astor Award was unveiled.