News
SL Green Markets, Sells NYC’s 292 Madison for $85M
It’s been a busy week for SL Green Realty Corp., which, in perhaps its biggest news, signed a deal to sell the leased fee interest at 292 Madison Ave. for $85 million.
MEPT Purchases Two D.C. Retail Centers for $127M
Purchased in two separate transactions, Multi-Employer Property Trust has grabbed two grocery-anchored properties, with an aggregate 524,000 square feet, for a combined price tag of $122.6 million.
JLL Lands Exclusive Leasing and Management Contracts for Top Miami High-Rises
By Georgiana Mihaila, Associate Editor
After successfully landing the exclusive leasing and management contract for Miami’s One Brickell Square, Jones Lang LaSalle has also been selected as the exclusive broker for 600 Brickell at Brickell World Plaza. As of October 31, […]
ULI Special Report: Capital Markets Executives Say “Be Patient”
“Be patient” was the advice of executives opening day two of the ULI Fall Meeting. With the economy’s direction tough to predict right now but in their opinion unlikely to take a second dip into recession, waiting out the volatility will bear fruit.
City Landmark to Become First Chicago Virgin Hotel
By Veronica Grecu, Associate Editor
The city of Chicago is about to welcome a new player to the hospitality market. New York-based Virgin Hotels acquired the Old Dearborn Bank Building, located in the Loop at 203 N. Wabash Ave., at the […]
500,000SF Cedar Park Retail Center Sold for $97.6M; $11M Estate Sold for $3M in Auction
By Camelia Bulea, Associate Editor
The 486,896-square-foot retail center in Cedar Park has been bought in a joint venture by Oak Brook, Ill.-based Inland Western Retail Real Estate Trust Inc. and Toronto, Canada-based RioCan Real Estate Investment Trust for $97.6 million.
The […]
The Preserve at Southwind Sold for $22.2M; FAA/Memphis International Airport Complete $72M High-Tech Tower
By Amalia Otet, Associate Editor
Memphis-based Fogelman Venture Partners has teamed up with DRA Advisors LLC, a New York company holding over $9 billion in assets under management, to purchase the Preserve at Southwind for $22.2 million.
The 306-unit residential community is […]
Liberty Property Trust Expands Charlotte Industrial Portfolio
By Amalia Otet, Associate Editor
Liberty Property Trust, a $6.3 billion real estate investment trust that owns over 77 million square feet of office and industrial space in over 20 markets throughout the United States and the United Kingdom, recently announced […]
ULI Special Report: Opportunities and Emerging Trends
While respondents to this year’s Emerging Trends poll took a somewhat pessimistic view of the market, panelists commenting on those results at the ULI Fall Meeting on Thursday took a less negative stance.
$4.4M Parcel Sale Paves Way for Hyatt at Los Angeles-Area Mixed-Use Project
A new transaction between Thomas Properties and OTO Development has paved the way for the addition of a new Hyatt to the increasingly hungry Los Angeles International Airport submarket.