News
Inland Western Buys San Antonio Retail Center for $92M in JV with RioCan
Inland Western Retail Real Estate Trust Inc. and joint venture partner RioCan Real Estate Investment Trust continue their Texas buying binge with the acquisition of Alamo Ranch, a 469,000-square-foot shopping center in San Antonio, for $92 million.
Sara Lee Corp. Chooses Chicago as Home of the New American Meats Co.
By Gabriel Circiog, Associate Editor
The Downers Grove, Ill.-based Sara Lee Corp. will relocate its new North American Meats corporate headquarters in 2013 to Chicago’s 400 S. Jefferson Street, Mayor Rahm Emanuel has announced.
Sara Lee Corp. announced earlier this year that […]
UT to Build $56M Supercomputer; $63M Mixed-Use Project Faces Stiff Opposition
By Camelia Bulea, Associate Editor
A new $56 million project broke ground in North Austin in late October. The University of Texas plans to build 11,000 square feet of space that will host a new computer, called Stampede, located at UT’s […]
Kimco Realty Expands Portfolio with $42.7M Acquisitions
By Liviu Oltean, Associate Editor
Kimco Realty Corp. purchased the Brennan Station retail center in north Raleigh for $27.15 million. The transaction also included the sale of a Harris Teeter-anchored shopping center in Cornelius. In total, the two properties were sold to […]
Colonial Properties Sells Tennessee Retail Center for $132M
Colonial Properties Trust, along with its joint venture partner, has sold Colonial Pinnacle Turkey Creek in Nashville to an institutional pension fund advisor in a transaction valued at $131.8 million.
Two Multi-Family Buildings Move in D.C.
In two separate transactions in as many days, two large apartment buildings have changed hands in the D.C. area: The 359 KSF Montpelier Crossing was sold to Federal Capital Partners and Equity Residential took The Chase at Bethesda Metro.
Burger Named Co-CEO of Silverstein
In an effort to continue the firm’s ongoing expansion outside its New York City base, Silverstein Properties Inc. has announced the appointment of Martin Burger as co-CEO. Burger, who joined Silverstein in February 2010, will now work directly alongside president & CEO Larry Silverstein.
Baltimore Breaks Ground on $72M Mixed-Used Union Wharf Project
Bozzuto Group yesterday broke ground on the Baltimore’s $72 million Union Wharf project, a mixed-use waterfront development in the city’s Fells Point neighborhood.
Economy Watch: Retail Sales Edge Upward in November
For all the talk of Thanksgiving sales, November retail sales only increased 0.2 percent from October. The FOMC is continuing the almost-forgotten twist and, in response, investors were underwhelmed as markets took a modest slide.
Bell Partners Purchases Three Apartment Communities for $76M
Bell Partners has purchased three communities, encompassing an aggregate 682 units and located in Florida, Texas and South Carolina, for approximately $76 million.