Regions
Simon Property Group Goes on $3.5B Spending Spree
Simon Property Group, the largest real estate company in the United States, went on a $3.5 billion shopping spree Thursday by acquiring a $2 billion stake in Klepierre, a major European retail and office player, and by buying out its joint-venture partner in The Mills U.S. shopping-center properties for $1.5 million.
Colliers Signs Chicago’s Largest Industrial Lease of 2012
Clarion Partners, working through Colliers International’s industrial advisory group, has signed a 492,866-square-foot lease with tenant Wilton Industries, marking the largest industrial lease in the Chicagoland area this year.
BioMed Realty Trust Signs Biotech Firm to 220 KSF Lease in San Francisco
BioMed Realty Trust Inc. is not naming names, but the REIT just landed a big fish at its 1.4 million-square-foot Pacific Research Center in Newark, Calif. A private biotech company has signed a long-term lease for 220,000 square feet at the sprawling campus in San Francisco’s East Bay submarket.
CBRE to Market, Lease Next Phase of $631M Hong Kong Science Park
The Hong Kong Science and Technology Parks Corp. has appointed CBRE Group Inc. as the strategic marketing and leasing consultant for the $631 million Phase III of the Hong Kong Science Park.
Inland Real Estate Picks Up Two Ohio Shopping Centers for $109M
In two separate transactions, Inland Real Estate Corp. has spent an aggregate $109.4 million on Ohio shopping centers. The first deal, closed on the last day of February, saw the company pick up the Cincinnati-area Stone Creek Towne Center for $36 million, and earlier this week, Inland spent $73.4 million on Westgate Shopping Center in Fairview Park, near Cleveland.
Related Aims to Become Brazil’s Biggest Developer, Plans $1B Investment
Related Group and Related Cos. have officially launched Related Brasil, naming Daniel Citron — former head of Tishman Speyer in Brazil — as CEO. The firm plans to invest $1 billion in residential and commercial real estate.
Avison Young Opens Bethesda, Reno Offices
Avison Young, the largest independently owned commercial real estate services firm in Canada, continues its rapid expansion south of its border with the purchases of Bethesda, Md.-based Realty Management Co., and the opening of an office in Reno, Nev.
Tryko Partners Makes Two Baltimore-Area Multi-Family Pickups
Tryko Partners L.L.C. is having a busy week, as the firm has just picked up Park Raven, a 253-unit apartment community in Baltimore, and Perrywood Garden, a 184-unit property in nearby Aberdeen, Md.
Kennedy Wilson Acquires Research Firm Meyers L.L.C.
After working together on several projects, two leading real estate industry firms — Kennedy Wilson and Meyers Research L.L.C. — decided to team up in a more permanent way with KW acquiring the research and consulting firm.
NKF Nabs Contract to Lease Boston's Faneuil Hall
Ashkenazy Acquisition Corp., the manager of Boston’s Faneuil Hall Marketplace, has awarded Newmark Knight Frank the contract for office-positioning and leasing responsibilities for the city landmark.