Retail
Kite Acquires 10-Property Multi-State Retail Portfolio for $307M
Kite Realty Group has acquired a 10-property, 2.1 million-square-foot retail portfolio from a New York-based real estate private equity firm for $307 million.
SkyRise Miami to be Tallest Florida Tower
Berkowitz Development Group Inc. has announced plans to erect SkyRise Miami, which would carry the title of the tallest building in Florida.
Mesa West Closes Debt Fund with $752M
Mesa West Capital got more than it expected when it closed its Mesa West Real Estate Income Fund III L.P.—$102 million more, to be precise. The debt fund manager raised a total of $752 million in equity commitments, outdoing its target of $650 million.
TIAA-CREF, CNP Assurances Form $1.2B JV for German Retail Properties
TIAA-CREF and CNP Assurances have formed a joint venture to invest $1.2 billion in three retail properties in Germany.
Executive Spotlight: Mukang Cho, In-Rel Properties
Mukang Cho, CEO of In-Rel Properties, has doubled its portfolio of mostly distressed assets since joining the privately held firm in 2010.
Starwood Wraps Up $1.6B Mall Portfolio Purchase
Starwood Capital Group has just completed its second major portfolio purchase from Westfield Group, snapping up seven regional malls in the West and Midwest for just over $1.6 billion.
Levin Survey: Holiday Retail Traffic Expected Sooner This Year
Retail property operators and managers will have their hands full this holiday season, and it will happen sooner rather than later.
Inland, MAB Launch $325M Retail Development Plan for Southeast
The joint venture’s five-year development plan will target demographically strong metropolitan areas in the Carolinas, Georgia, Florida, Virginia and Washington, D.C., and is expected to result in the construction of as many as 20 new grocery-anchored shopping centers.
SL Green Acquires Interest in Manhattan’s Embattled 650 Fifth Ave.
A joint venture between SL Green Realty and Jeff Sutton has acquired a 49-year leasehold interest covering the retail portion of 650 Fifth Ave., an office tower with decades-long ties to the Iranian government and now in legal limbo as a result.
HFF Secures $54M Construction Loan for San Antonio’s Historic Joske’s Building
Joske’s Building at the RiverCenter Mall in San Antonio is ready for its redevelopment. Ashkenazy Acquisitions Corp., owner of the historic 500,000-square-foot property, has obtained a $54 million construction loan to finance a rebirth.