Retail
Cerberus Grabs 2 Retail Property Portfolios in Germany
Affiliates of Cerberus Capital Management L.P. have entered into definitive agreements to purchase two German retail property portfolios out of receivership.
Hines, CalPERS Take Stake in 2.2 MSF Russian Retail Asset
The Hines CalPERS Russia Long Term Hold Fund, a joint venture between real estate company Hines and pension fund CalPERS, has become the co-owner of a prime piece of retail in Moscow with the purchase of an interest in the Metropolis Shopping and Entertainment Mall from Morgan Stanley Real Estate Investing.
C&W Wins WTC Site-Wide Property Management Contract
Cushman & Wakefield just landed one of the most coveted real estate assignments in Manhattan, if not the entire country. The commercial real estate services firm has been selected by the Port Authority of New York and New Jersey to serve as site-wide property manager for the new World Trade Center site under a seven-year contract.
CPE Announces the 2013 Distinguished Achievement Award Winners
CPE is proud to present the winners of the 2013 Distinguished Achievement Awards.
Dubai Hosts World’s Greenest Commercial Building
Home to the tallest, largest and other record-breaking facilities, Dubai has now risen to the zenith of green building standards.
Ohio Investor Acquires Holly Springs Shopping Center for $11M
Aurora-based Optimus One LLC has recently purchased the SouthPark Village shopping center in Holly Springs. According to the Triangle Business Journal, SouthPark Village Investments I of Atlanta, which is led by Philip E. Stephens, sold the property for $11 million.
The Party Source Expands into Newport
The Party Source, regarded by many as Greater Cincinnati’s authority for beer, wine, spirits, cigars, specialty foods, and party supplies, is expanding. Soapbox Cincinnati recently reported on the retailer’s 30,000-square-foot expansion project already underway.
Prologis Adds Distribution Center to Wroclaw V Park
Prologis is expanding its presence in Poland, where it will construct a 376,000-square-foot, build-to-suit distribution center for a leading Polish retailer.
Real Estate Investment Company Reaches for the Stars as It Completes Walk of Fame Building Acquisition
Hollywood’s flashing stars seem to continue to attract attention as ASB Real Estate Investments has recently moved on the market for a prime retail and office property located along the world-famous Walk of Fame. The company has acquired the property for its Allegiance Fund, a $2.2 billion core, open-end real estate vehicle investing in high-profile assets that also offer long-term growth possibilities. The stars adorning the Hollywood Walk of Fame seem to be shining as bright as ever from an investment standpoint. ASB acquired the property from seller CIM Group for an undisclosed sum.
Celebrity Chef Restaurant Confirmed for SKYE Rooftop
It’s official: one of Charlotte’s hottest future addresses had gotten even more desirable. The McDevitt Agency, acting as official broker of SKYE’s condominium component, as announced the identity of the much-expected rooftop restaurant: Fahrenheit