Retail
American Realty Capital NYC REIT Grabs 59 KSF Commercial Condo
American Realty Capital New York City REIT Inc. has just acquired the 58,800-square-foot Laurel Commercial Condominiums at 400 E 67th St. on Manhattan’s Upper East Side.
Ramco-Gershenson Plans Expansion of Newly Acquired Colorado Shopping Center
Ramco-Gershenson Properties Trust is planning to add about 100,000 square feet of retail to Front Range Village, an 810,000-square-foot shopping center in Fort Collins, Colo., it acquired this week for $128.3 million.
Related Beal Launches 343 KSF Congress Square Project in Boston
Eight months after announcing its acquisition of The Block on Congress, Related Beal has launched the transformation of the 343,000-square-foot space into the mixed-use Congress Square.
Starwood’s W Hotel Flag to Fly in Australia Again
Nearly 10 years after exiting Australia, Starwood Hotels & Resorts Worldwide Inc.’s W Hotels Worldwide brand will soon have a presence in the country again.
Rouse Properties Acquires 51% Interest in Tupelo, Miss., Mall
Rouse Properties has entered into a joint venture with David Hocker & Associates Inc. to acquire The Mall at Barnes Crossing.
Swire Properties, Whitman Family Development Close Deal to Bring Saks Store to South Florida
Swire Properties Inc., in a joint venture with Whitman Family Development, reached agreement with Hudson’s Bay Co. for a Saks Fifth Avenue store to open in Brickell City Centre, a planned 565,000-square-foot South Florida shopping center.
Canyon Capital, Hudson Pacific Provide $140M Loan for L.A.’s Broadway Trade Center
Canyon Capital Realty Advisors L.L.C. and partner Hudson Pacific Properties Inc. will provide $140 million in financing to enable Waterbridge Capital and investor Jack Jangana to redevelop the 1 million-square-foot Broadway Trade Center in downtown Los Angeles.
Inland Real Estate JV Picks Up 180KSF Princess Plaza in Indiana
Inland Real Estate Corp. and Dutch pension fund advisor PGGM add another asset to their portfolio with the acquisition of the Princess City Plaza in Mishawaka, Ind.
Herrick Co. Buys 29 Walgreens
The Herrick Co. has bought a 394,236-square-foot portfolio of Walgreens stores located in 16 states and Washington, D.C.
INTERNATIONAL: Asian Investors Unveil Mixed-Use Development Projects in Brisbane
Heeton Holdings Limited, Lian Beng Group Ltd. and KSH Holdings Ltd. have announced plans for the construction of an approximately $139 million development.