Regions
Inland Real Estate Acquires 49 CVS Properties
Totaling 651,216 square feet across 16 states, the portfolio traded for more than $211 million. Joe Consenza, David Neboyskey and Kristin Orlando facilitated the transaction.
New Mixed-Use Project Coming to Scottsdale
The $25 million Chauncey Lane project will bring a broad range of high-end retailers, restaurants and fitness centers alongside adjacent luxury residences.
IHG Debuts Largest Holiday Inn Express in Hawaii
The largest property in the Americas, the Waikiki hotel has 44 stories, 596 guestrooms, 4,700 square feet of flexible space and 1,500 square feet of outdoor seating.
St. John Properties Closes 100 KSF in B’More-Area Leases
The seven companies inked for space within Greenleigh at Crossroads, a phase of the 1,000-acre development Baltimore Crossroads @ 95.
Gramercy Closes $1.1B Sale of Euro-Portfolio
The transaction includes 35 assets totaling 11.6 million square feet, fully occupied. The properties are primarily in Germany and the Netherlands, with smaller footprints in France, Poland and the U.K.
Vornado Completes DC Spin-Off, JBG Smith Begins Trading
The resulting company has an operating portfolio of about 20 million square feet. The firm also has a pipeline of roughly 18.3 million square feet of potential development density.
Brennan Investment Unveils 1 MSF Chicagoland Tech Campus
The 85-acre Elk Grove Technology Park project near O’Hare International will deliver four speculative industrial and data center facilities. CBRE is in charge of leasing.
Uncertainty About Retailers Affecting Mall Deal Activity
In the second quarter of 2017, shopping center deal flow fell at a rate greater than any other major asset class, fueled by concerns about the changing face of retail and whether individual tenants will be able to withstand the impact of e-commerce, notes Yardi Matrix Associate Director of Research Paul Fiorilla.
West Sees Largest Investment Decline in 1Q
All regions of the U.S. saw a decline in commercial real estate investment for the first quarter of the year, according to Real Capital Analytics data, with the West and Southwest seeing the greatest decreases in transaction volume.
Taking Resident Services to the Bottom Line
The benefit of providing service-enriched housing is increasingly outweighing the costs for affordable housing developers and finance partners, according to R4 Capital EVP Nicole Flores and Rainbow Housing Assistance Corp. Executive Director Flynann Janisse.