Property Management
IBM Renews 1.1 MSF Industrial Lease with Prologis in Mexico
Prologis Inc. has broken its own record in Mexico with the renewal of a nearly 1.5 million-square-foot lease with IBM at the Guadalajara Technology Campus in Guadalajara, Jalisco.
DeBartolo, Elco Landmark Acquire 542-Unit Luxury Multi-Family Development in Florida
DeBartolo Development and Elco Landmark Residential have joined forces on the acquisition of a 542-residence apartment complex in Palm Beach Gardens, Fla.
Simon, BR Malls JV to Develop Outlet Malls in Brazil
Simon Property Group has teamed up with BR Malls Participacoes, Brazil’s largest retail real estate company, to develop and own outlet centers there. Simon also announced a JV with Calloway REIT to begin construction on Toronto Premium Outlets in Canada.
Trigild Adds Seven Multi-Family Communities to Its Portfolio
Trigild, a San Diego-based real estate management and loan recovery firm, recently expanded its multi-family portfolio with the addition of seven multi-family communities across the United States.
CIM Buys Chicago’s Block 37 from BoA
CIM Group, the Los Angeles-based real estate fund, has closed on Chicago’s troubled Block 37 development. The fund purchased the property from Bank of America for a reported $84 million.
Duke Realty Signs 1 MSF Industrial Lease for Carter's Inc. Near Atlanta
Duke Realty has signed Carter’s, a provider of children’s apparel and products, to a long-term lease that takes the previously empty 1 million-square-foot Park 85 Brazelton mixed-use campus near Atlanta to 100 percent occupancy.
DDR Buys Out Partner's Ownership Stake in Two Retail Centers for $70M
Fourteen years after becoming a 50 percent owner of Portland’s Tanasbourne Town Center and Phoenix’s Arrowhead Crossing in a joint venture with DRA Advisors Inc., DDR Corp. has acquired its partner’s stake in the assets for $70 million.
Hines Global REIT Spends $131M on 1.8 MSF of Industrial Properties in Poland
With the purchase of a 1.8 million-square-foot logistics portfolio, Hines Global REIT has made its entrée into Poland. The REIT, sponsored by real estate investment firm Hines, acquired the group of four properties from ProLogis European Holdings for approximately $130.8 million.
Canadian REIT Acquires Westfield Business Park in Elgin
By Gabriel Circiog, Associate Editor Westfield Business Park, a 513,313-square-foot office complex located in Elgin, has been acquired by a newly formed Canadian real estate investment trust, Chicagorealestatedaily.com reports. In February, Commercial Property Executive reported on the intensified activities of Canadian REITs in the U.S. market after Vancouver, B.C.-based Onni Group agreed on a deal […]
Cushman: Landlord's Market Approaches as Manhattan Office Vacancy Falls to 9%
Despite a lull in first-quarter leasing volume, Manhattan’s tightening office market is on track to give landlords the upper hand in the near future, according to projections released yesterday by Cushman & Wakefield Inc.