News
TIAA-CREF Takes Berlin Shopping Center for $447M
In a joint venture with German shopping center developer mfi Management, TIAA-CREF has snapped up Gropius Passagen, a 1 million-square-foot asset — the largest mall in Berlin — for approximately $446.5 million.
Economy Watch: Real Wages Decline in First Quarter
The BLS found that median weekly earnings for U.S. workers climbed 1.9 percent in a year, but the CPI advanced 2.8 percent in the same time period. And 8.2 percent of all loans held by Spanish banks are bad ones, according to the nation’s central bank.
Omni Group Buys Chicago's 200 N. LaSalle for $101M from Younan Properties
Omni Group, a private developer based in Vancouver, has spent $101 million to become the new owner of 200 N. LaSalle in Chicago, acquiring the asset from Younan Properties. The 30-story, 645,170-square-foot building sits in the heart of the city’s financial district.
Broad Street, Crow Holdings Spend $85M on 208 NYC Apartment Units
Broad Street Development and Crow Holdings have partnered on an $85 million investment for two buildings in Manhattan’s Gramercy Park neighborhood.
Economic Development Coup as Aurora Lands New Distribution Center
By Gabriel Circiog, Associate Editor Following a new 10-year agreement, Aurora has managed to land a new $45 million distribution center for United Natural Foods, which will ensure the addition of 75 new jobs and the retaining of 475 existing … Continue reading →
Kyle’s First Wal-Mart Gets the Green Light; 300 New High-End Homes in Lakeway
By Camelia Bulea, Associate Editor
The Kyle City Council has unanimously approved a conditional use permit for the city’s first Wal-Mart. The 156,000-square-foot retail store will sit at the intersection of Interstate 35 and Kyle Parkway.
Hays Free Press reports that the […]
Ventas Set to Buy 16 Seniors Communities for $362M
Ventas has entered into a definitive agreement to acquire 16 private-pay communities from affiliates of Sunrise Senior Living and its institutional joint venture partner for $362 million.
Kennedy Wilson Sells Two Multi-Family Properties for $154M
Kennedy Wilson has shed two multi-family assets — 360 Residences in San Jose and Arbor Creek Apartment Homes in Beaverton, Ore. — for a total of $154 million to two separate buyers.
Rising Realty Partners Acquires 440 KSF PacMutual Building in Downtown L.A.
Rising Realty Partners, helped by funds from Mount Kellett Capital Management, has acquired the landmark 440,000-square-foot PacMutual building in Downtown Los Angeles and plans a significant repositioning for the property.
Morgan Stanley Signs 1.2 MSF Office Lease at NYC's One New York Plaza
In the largest single-asset office lease in New York City since 2008, Morgan Stanley has signed a lease for 1.2 million square feet of space at One New York Plaza with Brookfield Office Properties.