Regions
Emaar Properties Launches Two M-U Projects in Cairo
Developer of the Burj Khalifa, Emaar Properties PJSC has recently launched two ambitious projects: the mixed-use Emaar Square in Uptown Cairo and Boulevardi in Cairo.
NYRR to Purchase 149 KSF NYC Office Tower for $65M
American Realty Capital New York Recovery REIT Inc. has been doing quite a bit of buying over the last couple of months and now it is on the verge of adding a fully leased Manhattan office property to its portfolio.
Cassidy Turley Secures $181M Permanent Financing for Trophy Office Building in DC
Cassidy Turley secured a $181 million permanent financing loan for Washington, D.C.’s newest trophy office development, 1000 Connecticut Ave., a 12-story, 382,988-square-foot building located in the city’s CBD overlooking the White House.
Penn National Proposes Two Casinos in Iowa Totaling $327M
Penn National Gaming submitted two proposals for a new gaming and entertainment destination in Iowa’s Woodbury County to the Iowa Racing & Gaming Commission to possibly build its trademark Hollywood Casino.
Vornado’s Sale of Philly Property Tied to Mall Redevelopment
Although Vornado is staying mum, and the chaos wrought by Hurricane Sandy didn’t help, the substance behind the REIT’s announcement earlier this week that it was selling four buildings is becoming clearer.
Related Midwest Takes Long-Stalled Chicago Tower on New Course
Shovels are traditional for ground-breaking ceremonies, but Related Midwest’s restart last Thursday of another developer’s downtown Chicago high-rise, stagnant since 2008, reportedly used a sledgehammer instead.
Cole Capital Purchases 440 KSF Richmond Shopping Center for $68M
Cole Real Estate Investments has been busy snapping up premier retail assets in the suburbs of secondary markets all year, and White Oak Village in Richmond, Va., is its latest acquisition.
Sandy Hits CRE via Power Outages, Flooding
By Anna Spiewak, News Editor: Hurricane Sandy may have visited the tri-state area for only a span of one day, but the aftermath of damage cleanup will last for weeks, according to some.
Union Investment Acquires Poland’s Largest Shopping Center in Europe’s Biggest Single Retail Asset Deal of the Year
Union Investment Real Estate AG has closed on the $505 million acquisition of Manufaktura regional shopping center in Łódź, Poland, for the open-ended real estate fund Unilmmo: Deutschland.
Stirling Capital Secures $70M Mortgage Refinance on Its Property Portfolio at Southern California Logistics Centre
Stirling Capital Investments has secured a $70 million refinance loan from Bank of America for the Southern California Logistics Centre, the 2,500-acre commercial and industrial complex in Victorville, Calif.