Retail
Skanska Acquires Indiana Construction Firm for $135M
Taking a big step in enhancing its civil business unit, Skanska USA has acquired the Evansville, Ind.-headquartered builder Industrial Contractors Inc. for $135 million.
Whitestone REIT Purchases Dallas' Shops at Starwood
In its second acquisition of the month, Whitestone REIT has snapped up the Shops at Starwood in Frisco, Tex. The company shelled out $15.7 million in cash for the 55,400-square-foot suburban Dallas retail center.
The End of Big Box? Sears/Kmart Sites Face Mixed Futures
On the heels of Sears’ announcement that it will shutter between 100 and 120 stores, CRE industry experts wonder if locations larger than 100,000 square feet could be on the chopping block.
Equity One Sells 36 Shopping Centers for $473M to Blackstone
Continuing its capital-recycling strategy and the refocusing of its portfolio, Equity One has completed the sale of a 3.9 million-square-foot shopping-center portfolio to Blackstone Real Estate Partners.
Exclusive: Cushman's 12 Retail Predictions for '12
Cushman & Wakefield’s retail report being released tomorrow will contain both good and bad findings on the sector. U.S. retail head Matt Winn offers CPE an exclusive advance look.
HFF Arranges Funding for Boston-Area Mall, Houston Hotel
In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.
Midtown Opportunities Acquires 22 Acres of Land in Midtown Miami
Construction activity is on the upswing in Miami, and Midtown Opportunities L.L.C. has just purchased 22 acres to play with at the 56-acre Midtown Miami development.
Developers Find Financing for Projects
Developers are finding ready financing for their projects, including $66 million for a D.C. multi-family, $50 million for Las Vegas retail and $70 million for a Michigan apartment complex.
Inland Western Buys San Antonio Retail Center for $92M in JV with RioCan
Inland Western Retail Real Estate Trust Inc. and joint venture partner RioCan Real Estate Investment Trust continue their Texas buying binge with the acquisition of Alamo Ranch, a 469,000-square-foot shopping center in San Antonio, for $92 million.
Colonial Properties Sells Tennessee Retail Center for $132M
Colonial Properties Trust, along with its joint venture partner, has sold Colonial Pinnacle Turkey Creek in Nashville to an institutional pension fund advisor in a transaction valued at $131.8 million.