Regions
Macerich Closes First of Three Giant Joint Ventures
The Macerich Co. has closed on a previously announced joint venture with GIC, in which the regional mall REIT contributed a 40 percent interest in four properties.
What October’s Cooling Rents Mean for Multifamily
Yardi Matrix editorial director Paul Fiorilla weighs in on the October Matrix Monthly report findings.
13-Building Apartment Sale is Bronx’s Biggest in 2015
Continental Properties and affiliates of J.P. Morgan Asset Management have sold a 13-building multifamily portfolio in the Bronx for $90 million.
New Time Inc. HQ Invades Lower Manhattan
Time Inc. has begun moving into its new headquarters at 225 Liberty St., in New York City, transitioning away from the historic Time & Life Building.
Skanska Bids Farewell to Office Building in Prague
A newly-completed office building in Prague was sold by Skanska for $60.5 million.
Columbia Property Trust Retains Top Tenant in Denver Area
Columbia Property Trust Inc. secured a new commitment from engineering and construction firm CH2M with the signing of a 370,000-square-foot lease renewal at Columbia’s 478,000-square-foot South Jamaica Street office campus in Englewood, Colo.
Blackstone Snaps up Immofinanz’s Entire Logistics Portfolio
Austrian commercial real estate company Immofinanz is shedding its entire logistics portfolio, including three dozen properties in Germany and Eastern Europe.
KeyCorp Grows Banking Portfolio in $4.1B Transaction
KeyCorp will acquire First Niagara in a cash and stock transaction valued at approximately $4.1 billion, making the parent of KeyBank the 13th largest bank in the U.S.
SEC Finally Pulls Trigger on Crowdfunding Rules
In a move that was both long delayed and much anticipated, the U.S. Securities and Exchange Commission adopted the final rules implementing Title III of the JOBS Act.
$30M Redevelopment Pioneers in Downtown Brooklyn
Quinlan Development Group, LLC and Building and Land Technology unveiled renderings and details of The Pioneer Building, a $30 million redevelopment at 41 Flatbush Ave., in Brooklyn, N.Y.