Regions
BMO Harris Bank: Midwest CRE to Improve in 2012
According to a new report by BMO Harris Bank, the Midwest is set for a recovery in its CRE markets during the rest of the year.
Simon, BR Malls JV to Develop Outlet Malls in Brazil
Simon Property Group has teamed up with BR Malls Participacoes, Brazil’s largest retail real estate company, to develop and own outlet centers there. Simon also announced a JV with Calloway REIT to begin construction on Toronto Premium Outlets in Canada.
NorthMarq Arranges $59M in Financing for Chicago's 400 S. Jefferson Building
In an effort to help push along the schedule for Chicago’s 400 S. Jefferson building, NorthMarq has arranged $58.5 million in acquisition and renovation financing for the property.
Trigild Adds Seven Multi-Family Communities to Its Portfolio
Trigild, a San Diego-based real estate management and loan recovery firm, recently expanded its multi-family portfolio with the addition of seven multi-family communities across the United States.
MRA Group Sells 800 KSF Pennsylvania Tech Park
MRA Group has sold TEK Park, an 800,000-square-foot technology campus in Pennsylvania’s Lehigh Valley, to a New York-based investment group for more than $50 million.
Extension of Chicago’s Lake Shore Drive Latest Step for 600-Acre Mixed-Use Development
The announcement that Chicago’s Lake Shore Drive will be extended two miles south also highlighted the progress of Chicago Lakeside Development, a 600-acre mixed-use redevelopment of a former U.S. Steel South Works site.
CIM Buys Chicago’s Block 37 from BoA
CIM Group, the Los Angeles-based real estate fund, has closed on Chicago’s troubled Block 37 development. The fund purchased the property from Bank of America for a reported $84 million.
Equity One to Build 133 KSF Retail Center in the Bronx
The New York City Economic Development Corp. has awarded a project to develop a retail development in the Bronx to Equity One, which won the NYCEDC’s approval with a $54 million, 133,000-square-foot proposal.
Opus Group Named Contractor for 165 KSF Build-to-Suit Office HQ in Colorado
Opus Development has won the bid for the 165,000-square-foot build-to-suit contract for TriZetto Group Inc.’s new $110 million global headquarters in metropolitan Denver.
CBRE Unit Acquires Historic Seattle Office Tower by Foreclosure
Smith Tower, an iconic 42-story office building in Seattle, and the adjacent Florence Building, a 6,000-square-foot retail-and-mixed-use building, have been acquired by CBRE Capital Partners following a foreclosure.