Retail
C&W Inks Deal with Microsoft for Manhattan Flagship Store
The Microsoft Corp. has agreed to sign a lease for a flagship store at 677 Fifth Ave. in Manhattan, occupying the entire ground through fourth floors and a portion of the lower level of the building.
CREW Special Report: Lowest Cap Rates in History, Global Liquidity, Raise Fears of U.S. Commercial Property Inflation
The flood of liquidity worldwide is leading to an increase in commercial real estate values, said Ken Rosen at a luncheon during the 2014 CREW Network Convention & Marketplace this week in Miami.
Cominar Acquires $1.2B CRE Portfolio from Ivanhoé Cambridge
Cominar Real Estate Investment Trust has acquired a real estate portfolio of 14 properties in Québec and Ontario from Ivanhoé Cambridge Inc. for $1.2 billion.
C&W Arranges Financing for 2.5 MSF Office, Retail Complex in Atlanta
Capital improvements will be made at Peachtree Center in downtown Atlanta, thanks to $182 million in financing obtained by Cushman & Wakefield for owner Banyan Street Capital and its foreign equity partner.
Durst JV Invests $1.5B in Astoria, Queens
Best known for developing and managing Manhattan office towers, The Durst Organization is investing $1.5 billion in a residential and retail development at Hallets Point on the Astoria, Queens, waterfront.
DDR Sells Shopping Center Portfolio in Utah for $223M
In an off-market transaction worth $223 million, DDR Corp. has sold to Excel Trust a portfolio of three shopping centers in the Salt Lake City area.
Cinemex Dine-In Cinema Inks Lease for its U.S. Debut at Miami’s $1B Brickell Centre Project
Hong Kong-headquartered Swire Properties Inc. recently completed a lease agreement with Cinemex, a Mexico-based dine-in movie cinema chain.
INTERNATIONAL: Tanger Outlets to Open Newly Constructed 293 KSF Store in Ottawa
The new property is Tanger Outlets’ first ground-up construction in Canada.
Hudson’s Bay to Open Saks Store, Lease 400 KSF of Office Space, in Lower Manhattan
Hudson’s Bay Co. will open a three-level, 85,000-square-foot Saks Fifth Avenue store that will anchor Brookfield Place in Downtown Manhattan.
Madison International Acquires 50% Stake in Oslo Luxury Retail Center
Madison International Realty has acquired a 50 percent stake in The High Street Shopping Co., a major retail shopping development in Oslo, Norway, from Schage Eiendom.