News
M&R Development Adding 412 Luxury Units to Metro Chicago
In response to the growing demand for apartments in metropolitan Chicago, M&R Development has kicked off construction of two projects, Summit on Lake and Central Station, in the Chicago area.
Capital One Financial Corp. Closes on 150,000-Sq.-Ft. Lease
By Gabriel Circiog, Associate Editor In the second-largest office lease of 2012 for Chicago’s suburbs, Capital One Financial Corp. has closed on a lease of 150,000 square feet in the Atrium Corporate Center, Chicagorealestatedaily.com reports. This deal brings the office building’s occupancy rate close to 100 percent. Located at 3800 Golf Rd. in Rolling Meadows […]
Joint Venture Acquires Foothills Mall
By Gabriel Circiog, Associate Editor Alberta Development Partners—a Denver-based real estate acquisition, development and investment firm—has acquired Foothills Mall in a joint venture with affiliates of Walton Street Capital—a private equity real estate investment firm. Located in Fort Collins, the 753,000-square-foot enclosed mall was built in 1976 and remodeled in the early 1990s. The joint […]
CBRE Global Investors Grabs 700 KSF Downtown L.A. Office Tower
Trophy office assets in downtown Los Angeles are not easy to come by, but CBRE Global Investors has just gotten its hands on a big one, the 701,500-square-foot tower at 400 S. Hope St.
Blackstone Sells DiamondRock Hotels, Wins Stake in Hotel Company
DiamondRock Hospitality Co. has agreed to buy four hotels from The Blackstone Group for $495 million in an off-market deal that also calls for Blackstone to take a $75 million stake in DiamondRock.
American Campus Announces Acquisitions Totaling $627M
By Camelia Bulea, Associate Editor
Austin-based American Campus Communities Inc. announced the completion of its due diligence investigation related to the acquisition of 15 student housing properties for $627 million. The properties were acquired under a merger agreement with affiliates of […]
Parkway Properties Takes Further Steps to Reposition Portfolio
Parkway Properties Inc., an Orlando-based REIT, has been repositioning its office properties portfolio. Most recently, it sold two Atlanta assets and a smaller building in New Orleans.
Economy Watch: Job Openings Edge Up; Small Business Optimism, Vegas Home Sales Still Questionable
The Bureau of Labor Statistics’ JOLTS summary found the quits rate steady, while The National Federation of Independent Business’s index of Small Business Optimism dropped, and short sales in Vegas surpassed foreclosures.
U.S. Leads Global Investment Sales as NYC Flexes Muscles: Cushman & Wakefield Midyear Update
U.S. investment sales are expected to reach $253 billion in 2011, a 25 percent jump compared to 2011. In the nation’s biggest office market, fundamentals remain sound.
Kennedy Wilson Targets $2.5B in European Real Estate Loans
Beverly Hills-based Kennedy Wilson is making a new bet on Europe. It’s partnering with a European global financial institution to target the acquisition of €2 billion ($2.5 billion) of performing, sub-performing and non-performing loans secured by commercial and residential real estate in Europe, with a focus on the United Kingdom and Ireland, the company announced Monday.