News
Realty Income Enters Wine Country with $269M Napa Sale-Leaseback
A $269 million sale-leaseback deal is about to give Realty Income Corp. a taste of the winemaking business–at least from the real estate investment perspective.
New Colliers Group to Focus on Senior Housing
Colliers International unveils a seniors housing specialty group.
Capital Idea: Northwestern Mutual Cinches $305M D.C. Office Deal
For the second time this week, a big institutional investor snaps up a prime office property in Washington, D.C.
Economy Watch: Fannie Mae Talks Tough on Defaults; Mass Layoffs Decline
Memo from Fannie Mae to those considering “strategic default” on a residential mortgage: don’t do it
Ventas to Buy Lillibridge, Expanding MOB Portfolio to 8.4M SF
Buying an entire company is a good way to expand a portfolio in one fell swoop and Ventas Inc. is about to do just that. The Chicago-headquartered healthcare REIT has signed a definitive agreement to acquire Lillibridge Healthcare Services Inc., also based in Chicago, in a transaction valued at $300 million to $400 million.
In $180M Deal, TIAA-CREF Takes Washington’s Evening Star Building
TIAA-CREF closed Wednesday on the $180 million acquisition of Washington, D.C.’s venerable Evening Star building.
Pfizer’s 700,000-SF Space Floats General Dynamics’ Boat
General Dynamics’ fast-growing Electric Boat divison snapped up a 700,000-square-foot compound in New London, Conn., that Pfizer Inc. is departing.
New REIT Grabs San Francisco’s Sir Francis Drake Hotel in $90M Deal
Located downtown in the center of San Francisco’s bustling Union Square, the 23-story Sir Francis Drake was originally developed in 1928. The upper upscale hotel features 18,000 square feet of meeting space and is home to a famed bistro, a Starbucks store, a bar and a nightclub.
Economy Watch: New Home Sales Crater; Disney Unveils Posh Plans
The pace of existing home sales slacked off after the federal tax credit expired at the end of April, but it’s the sale of new houses that have truly taken a tumble.
Edens & Avant Breaks Ground on 31-Acre Mixed-Use Development in Virginia
The first phase of Mosaic is slated to open in fall 2012. It is more than two-thirds leased and includes a mix of 400,000 square feet of national and local retailers, an eight-screen arthouse cinema, 150-room boutique hotel, 60,000 square feet of Class A office space, and 114 townhomes.