Midwest
Clarion Sells 50% Stake in IN Retail Fund to Inland
Inland Real Estate Corp. acquired the 50 percent ownership stake in IN Retail Fund held by its JV partner, New York State Teachers Retirement System, for $121 million in cash, making it the sole owner of the 2.3 million-square-foot Midwest retail center portfolio.
Summit Grabs Six Hotels in Deals Totaling $170M
During the period between the closing of its initial public offering in February 2011 and the end of 2012, Summit Hotel Properties Inc. amassed a portfolio of 24 properties, and with the recent purchase of six assets for an aggregate $170 million, there appears to be no end in sight to the company’s shopping spree.
Wolff Picks Up $200M M-F Portfolio in Las Vegas
The Wolff Co., of Scottsdale, Ariz., has acquired the 3,098-unit “Oasis Portfolio” of 14 apartment communities in metro Las Vegas.
Cole Acquires 234 KSF HQ for Hillshire Brands Co. for $98M
Cole Real Estate Investments has acquired The Hillshire Brands Co.’s headquarters in the West Loop of Chicago’s CBD on behalf of Cole Corporate Income Trust Inc. for $98 million.
RECon Special Report: Thousands Chase Deals in Las Vegas
Surging demand, new retail concepts and stirrings of new development were the talk of the Las Vegas Convention Center on Monday during the first day of RECon, the International Council of Shopping Centers’ annual spring convention.
Alliant Capital Purchase, New Co-CEO Give Ares a Trifecta
In its second and third major moves in less than a week, Ares Commercial Real Estate REIT has agreed to acquire EF&A Funding Alliant Capital for $63 million in cash and stock, and has also named a new co-CEO, Todd Schuster.
Colliers Wins Assignment to Market GSA Portfolio
A $118 million, 16-property office portfolio fully leased to federal agencies through the Government Services Administration is on the market and attracting interest from both U.S. and international buyers.
Wooden Skyscrapers: A New Level of Sustainability?
Michael Charters’ wooden skyscraper, which won honorable mention in eVolo’s 2013 Skyscraper Competition, takes sustainable development to a new level.
Global Law Firm Renews Lease at Former Sears Tower
Dentons, the world’s seventh-largest law firm, has extended its lease in Chicago Willis Tower for 15 years. The global law firm is relocating within the building and taking as much as 144,000 square feet.
Prologis Inks Deal with Subaru for 715 KSF near Indy
Prologis Inc. has signed a build-to-suit agreement with Subaru of America for a 715,000-square-foot distribution center in the Indianapolis area.