Retail
Prism to Launch $230M Adaptive Reuse Development in NJ
Construction is expected to begin this spring on the $230 million Edison Village project in West Orange, N.J., which will transform 21 acres in the town’s downtown area, including the historic Thomas Edison factory, into 331 rental apartments and 18,000 square feet of retail.
Gulf Related to Launch 2 MSF M-U Project in Abu Dhabi
Al Maryah Island, Abu Dhabi’s blossoming new central business district, continues to grow by leaps and bounds and Gulf Related is making a big contribution with a new $272 million project.
Google to Develop New HQ in London’s King’s Cross
Tech giant Google is looking to cement its position in the European market, particularly the hot London business world, by announcing that the company is looking to develop a brand new European HQ.
George Smith Partners Secures $185M in Financing for Retail Portfolio
DJM Partners has refinanced a four-property retail portfolio in Southern California with $185 million in financing arranged by the Los Angeles-based real estate investment banking firm George Smith Partners.
Phillips Edison–ARC Shopping Center REIT Acquires 508 KSF Shopping Center Portfolio in Atlanta
Phillips Edison-ARC Shopping Center REIT has started the new year where it left off in 2012 – with another acquisition – a portfolio of six grocery-anchored shopping centers in the Atlanta area, which the Cincinnati-based REIT acquired for $60.5 million.
Kennedy Wilson Boosts UK Portfolio with $101M Purchase
Kennedy Wilson’s European presence continues to grow at a fast clip with the recent acquisition of a 1.1 million-square-foot commercial real estate portfolio in the U.K.
Madison Capital JV Acquires NY Citibank Portfolio for $81M
Madison Capital, in a JV with an institutional owner, acquired a premier portfolio of five Citibank retail bank branches in the New York metropolitan area from FGP West Street for $81 million.
Inland American Acquires Two Necessity-Based Shopping Centers for $95M
Inland American Real Estate Trust has purchased two necessity-based shopping centers in Oklahoma and Texas for a combined total of approximately $95 million.
Meridian Closes New Real Estate Fund with $160M in DC Real Estate
The Meridian Group has proven that even in an uncertain economy, a lot of money can still be made in commercial real estate.
Win Properties Refinances 56-Property National Retail Portfolio
Win Properties has refinanced a 56-retail property portfolio with ING Investment Management for $63 million.