News
Crow Holdings Buys N. Scottsdale Center for $38M
By Camelia Bulea, Associate Editor Dallas-based Crow Holdings Capital Partners L.L.C has acquired Scottsdale Horizon, a 154,766-square-foot neighborhood retail center, in an all-cash transaction valued at $38 million. The buyer is a separate fund of Crow Holdings, a private wealth management entity affiliated with the estate of the late Trammell Crow, according to the Phoenix […]
Cornerstone Enters U.K. with $129M Loan
About six months after appointing its new CEO of European operations, Cornerstone Real Estate Advisers completed its first loan in the United Kingdom, a $129.1 million (£83 million) refinancing for Derwent London plc.
Cassidy Turley Picks Up 14 MSF Outsourcing Assignment from SunTrust Banks
Cassidy Turley’s responsibilities have just grown by 14 million square feet in one fell swoop, courtesy of SunTrust Banks Inc.
Economy Watch: Employment Growth Up, but Economy Still Spins Its Wheels
July’s employment numbers increased but were nonetheless mediocre. The ISM non-manufacturing index and new orders grew very slightly. And rail cargo traffic offered a mixed message.
Kilroy Continues Washington State Spending Spree with Bellevue’s Skyline Tower
By Alex Girda, Associate Editor Kilroy Realty Corp. is carrying on with its massive Northwestern assault in terms of spending. The well-known real estate investment trust recently announced the acquisition of a downtown Bellevue office tower known as Skyline Tower. The Los Angeles-based firm paid a reported $186.9 million to Skyline owner Beacon Capital Partners, […]
HFF Closes $6M Sale of Winn-Dixie-Anchored Retail Center in Apopka
According to an official statement made by Holliday Fenoglio Fowler, the 71,490-square-foot Errol Plaza in Apopka, Florida has recently traded for the reported amount of $6.125 million.
Meritex Expands Joint Venture Holdings in Atlanta with New Acquisition
By Georgiana Mihaila, Associate Editor In a move to further expand its joint venture holdings in the Atlanta area, Meritex has recently acquired a 106,945-square-foot office/ warehouse project in Norcross. Resource Real Estate Partners, LLC represented Meritex in the acquisition and has been retained as the leasing agent for the property. The multi-tenant, value-add property—located […]
$100 Million Residential Development Slated for Little Tokyo
By Alex Girda, Associate Editor With the acquisition of a 1.74-acre lot in L.A.’s Little Tokyo, Irvine-based developer Sares-Regis is moving ahead with its new residential development. The company intends to build a 240-unit premium multifamily community on the site as soon as possible in order to capitalize on downtown L.A.’s housing needs. Bill Montgomery, […]
IKEA Plugs In Solar Projects at Three Philadelphia-Area Facilities
By Veronica Grecu, Associate Editor Hot on the heels of Community Energy Solar’s groundbreaking for the green energy project in Lancaster, Swedish company IKEA, one of the world’s leading home furnishings retailers, inaugurated solar energy systems installed at two of the company’s Pennsylvania stores in Conshohocken and South Philadelphia, as well as on top of […]
CBRE Global Investors Fund Buys Two Class A Apartment Communities in Towson
By Adrian Maties, Associate Editor CBRE Global Investors recently announced it has purchased two mid-rise apartment communities in Towson, Maryland. The acquisition totals 430 units and was made on behalf of the CBRE Strategic Partners U.S fund series. The two class A properties are the Renaissance at the Quarter and Jazz at The Quarter. They […]