Regions
Kimco, American Industries Sell Mexican Industrial Portfolio for $600M
The REIT and joint venture partner American Industries have entered into an agreement to sell their interests in an 11 million-square-foot portfolio of industrial properties in the country to Terrafina, a Mexican REIT advised by Prudential Real Estate Investors, for $600 million.
Tanjong Pagar Centre to Become Singapore’s Tallest Building in 2016
GuocoLand has unveiled plans to build the tallest structure in Singapore. At 951 feet, the proposed Tanjong Pagar Centre will also rise as the company’s first integrated mixed-use development in the city and region.
MIPIM Special Series—Part Two: Focus on the US
Associate editor Eliza Theiss presents a focus on foreign investment in U.S. real estate, the second in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.
Braeburn Estates’ Master Planned 1 MSF Shell Centre Redev Approved
The planning application submitted by Braeburn Estates, a joint venture of Canary Wharf Group and Qatari Diar to redevelop the Shell Centre on London’s South Bank has been approved by the London Borough of Lambeth.
IHG Expands Jeddah Portfolio with City’s First Staybridge Suites
IHG has inked an agreement with Dyafah Al Mutahida that will see a new Staybridge Suites open in the city of Jeddah, Saudi Arabia.
Liberty Property Buys 291 KSF Office Building in DC for $133M
Liberty Property Trust acquired 2100 M St., N.W., Class B-plus, 291,000-square-office building in Washington, D.C., that has the potential to add more than 100,000 square feet, for $133 million from Hines.
DAMAC Properties Breaks into Iraq RE Market with $100M Residential Tower
The leading private developer of luxury projects in the Middle East, Damac Properties, has announced a comprehensive expansion plan into Iraq, a previously untapped market for the development giant.
MAA Buys 260-Unit M-F Property in Virginia
Apartment REIT MAA has increased its presence in Fredericksburg, Va., with the purchase of the Haven at Cosner’s Corner, an upscale, 260-unit multi-family community located roughly 50 miles south of Washington, D.C.
RECon Special Report: Veterans See Promising, Yet Chastened, Retail Sector
Promising yet chastened by recession was the picture of retail real estate’s prospects sketched by five veteran executives at the annual market outlook sponsored in conjunction with RECon by Marcus & Millichap Real Estate Services Inc.
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.