Retail
GGP Reaches Refinancing Goals with $966M of New Mortgages
The four most recent transactions bring GGP’s refinancings to $3.9 billion for the year.
Economy Watch: Spike in Retail Sales Contradicts Consumer Gloom
Spending rose 1.1 percent month-over-month, the largest gain since early this year, but the Reuters/University of Michigan consumer sentiment survey underscored doubts about the economy.
Faneuil Hall Marketplace, 2 Other Properties Fetch $280M for GGP
Taken together, the sales of the three properties remove $95 million in mortgage debt from the retail REIT’s balance sheet, the company said.
Economy Watch: Home Foreclosures Down, But Still High
A 34 percent year-over-year decline may be merely a pause before the next uptick, RealtyTrack reported.
Kayne Anderson Takes 161-Unit Student Housing Complex Near USC
The $55 million property opened this fall.
CBRE to Oversee Management, Leasing of GM’s 5.5 MSF Detroit HQ
CBRE was recently tapped by General Motors to spearhead facilities management, leasing and project management of Renaissance Center, the automaker’s 5.5 million-square-foot mixed-use headquarters complex in Detroit.
$73M for Two Shopping Centers Brokered by UCR
UCR Investment Sales has negotiated the sale of two retail centers for an aggregate $73 million: Caruth Plaza in Dallas and Midtowne Little Rock in Little Rock, Ark.
Downtown Renaissance: The World Trade Center Anchors a Thriving Redevelopment Scene
As Manhattan’s biggest redevelopment project in decades, the new World Trade Center towers are the flagships of the Downtown revitalization trend that started in the early years following the terrorist attacks. An update on redevelopment progress in Lower Manhattan.
Howard Hughes Corp. Completes $250M Loan for Hawaii Mixed-Use Retail Center Project
The Howard Hughes Corp. just received a $250 million loan for the redevelopment of Ward Centers, a 550,000-square-foot shopping district in Honolulu that is set to evolve into a premier mixed-use asset.
EquityOne Sells Two Assets for $124.9M; Buys Shopping Center for $55.5M
EquityOne has closed on the sale of Trio Apartments and Park Plaza for an aggregate $124.9 million and has picked up the sale of Aventura Square for $55.5 million.