Regions
Kimco Sells 370 KSF Midwest Shopping Center
Chase Properties and DRA Advisors used a $40 million Wells Fargo loan to fund the acquisition of Primrose Marketplace, an open-air retail property in Springfield, Mo.
JV Buys Class A Office in Downtown DC
Following the $100 million acquisition, DSC Partners and Wafra Inc. intend to reposition the 178,000-square-foot asset with a $5 million upgrade program.
AccorHotels to Buy Mövenpick Hotels for $560M
The acquisition will enhance the Paris-based global hospitality company’s presence in Europe, as well as its footprint in emerging markets of the Middle East, Africa and Asia-Pacific.
JPMorgan Chase Buys DC Building for Regional HQ
JBG Smith sold the 231,000-square-foot Class A office asset in the city’s CBD for $140 million. The global financial services giant is expected to move in by 2021.
Valuations, Geopolitics Disrupt Generally Positive Investment Mood
Simon Rubinsohn, chief economist with RICS, reflects on the current global real estate landscape in the first quarter of 2018 in his most recent quarterly podcast discussion with Alexandra Pacurar.
Net Lease Bank Investors Turn Selective
Increasing cap rates and limited supply are leading net lease investors to carefully review acquisition opportunities, observes The Boulder Group President Randy Blankstein.
Health Care REITs: Developments to Watch
Asset sales will likely improve health-care REITs’ portfolio quality and balance sheets, while new supply will continue to challenge their senior housing investments, reports Moody’s Investors Service Vice President Lori Marks.
In Uncertain Times, Private Lenders Provide Certainty
With conventional lending sources falling short of borrower needs, sponsors looking for assurance should turn to private lenders, notes Jon Leifer, Case Real Estate Capital’s director of acquisitions.
Summit Design + Build Transforms Chicago Mixed-Use Project
The Clybourn corridor development was originally designed as a 10-story retail and apartment building but due to zoning issues it will be turned into a two-story retail and creative office space.
Amazon Signs 430 KSF Lease in Boston
The e-commerce giant will occupy an entire building within the Boston Seaport development, a 23-acre, 7.6 million-square-foot mixed-use development.