Retail
Henderson Retail Center to Add Cinema, Restaurant Anchors
By Alex Girda, Associate Editor In a bid to step up traffic at Green Valley Town Center in Henderson, American Nevada Co. will unveil an eight-screen, 40,000-square-foot multiplex at the property in October. Galaxy Theatres, the new operator, will fill the void left by a previous operator. The cinema will offer the 118,000-square-foot center a […]
JLL Completes 96,350-SF Deal for Perry Ellis in 1120 Avenue of the Americas
Perry Ellis will lease a Class A space in New York City’s famous 1120 Avenue of the Americas building to give the designer label more open space for its menswear collection.
550-Unit Suburban Boston Apartment Complex Sold for $188M
The luxury apartment complex of Oak Grove Village in Boston is under new ownership. Although the new owner has not been disclosed, the amount of the sale is said to be $188 million.
Calkain Cos. Opens St. Louis Office to Capture Midwest Market
Calkain Cos. has opened an office in St. Louis, viewing the Midwest as a largely underserved market. The company has tapped broker Teal Henderson from its Tampa office to run the new location.
Canadian Investor Develops Brazilian Shopping Center; Expands Existing Local Asset
Ivanhoe Capital has invested in another Brazilian shopping center, developing in the higest-rated suburban area of Sao Paolo, in addition to expanding another shopping center currently underway.
Boston Properties Partners on $385M Virginia Complex
Boston Properties entered into a joint venture to own and operate the Fountain Square complex in the heart of Reston Town Center, a preferred area for office development. The REIT contributed $87 million for half the stake in the properties.
Cornerstone Enters U.K. with $129M Loan
About six months after appointing its new CEO of European operations, Cornerstone Real Estate Advisers completed its first loan in the United Kingdom, a $129.1 million (£83 million) refinancing for Derwent London plc.
Cassidy Turley Picks Up 14 MSF Outsourcing Assignment from SunTrust Banks
Cassidy Turley’s responsibilities have just grown by 14 million square feet in one fell swoop, courtesy of SunTrust Banks Inc.
Marriott Marquis Times Square to Get $140M Retail Makeover
Host Hotels & Resorts Inc. has just struck a deal with Vornado Realty Trust that will bring new prominence to the New York Marriott Marquis Times Square with a $140 million retail redevelopment.
New Owner Plans to Resume Work on Kenwood Towne Place
By Adrian Maties, Associate Editor Phillips Edison Strategic Investment Fund II L.L.C. recently announced it has agreed to buy Kenwood Towne Place from a lending group led by Bank of America. The deal represents the third acquisition for Strategic Investment Fund II. Phillips Edison established the fund to focus on buying and improving large distressed […]