CHICAGO-Brookdale Senior Living Inc. has entered into an agreement to purchase Nashville-based American Retirement Corp. for $1.2 billion in cash or $33 per share. The combined company will operate a total 535 facilities in 34 states.
ST. JOSEPH, MO-Ground breaks on JSC Development's 550,000-sf lifestyle center known as Tuscany Village. Despite the project's close proximity to a power center, incoming tenants are expected offer further shopping options in this growing community.
CANAL WINCHESTER, OH-A division of Los-Angeles-based Rehrig Pacific Co. takes 121,000 sf in ProLogis' Canal Pointe Distribution Center #1 in this city 30 southeast of Columbus. The company's new location will provide asset recovery and management services.
LAKE BLUFF, IL-Henderson Global Investors of London, on behalf of a state pension fund, retains locally based Pine Tree Commercial to acquire shopping centers in the Midwest and West regions. The all-cash fund is valued at $100 million.
LAKE BLUFF, IL-Henderson Global Investors of London, on behalf of a state pension fund, retains locally based Pine Tree Commercial to acquire shopping centers in the Midwest and West regions. The all-cash fund is valued at $100 million.
AMES, IA-Regional shopping mall investor, Barrington, IL-based GK Development, is planning to renovate the 340,000-sf North Grand Mall. The $30-million project will add a new open-air lifestyle component.
ELK GROVE, IL-ML Realty Partners buys nine industrial properties in the O'Hare submarket for just north of $100 million. The properties total approximately 1.3 million sf.
ELK GROVE, IL-ML Realty Partners buys nine industrial properties in the O'Hare submarket for just north of $100 million. The properties total approximately 1.3 million sf.
BURR RIDGE, IL-RTKL Architects and Opus Architects & Engineers are officially launching the start of the $150-million Burr Ridge Village Center. The project will encompass 500,000 sf of mixed-use development on 20-acres in this affluent community located 15 miles west of Downtown Chicago.
DETROIT-Lightstone Group, based in Lakewood, NJ, is said to be under contract to purchase a 19-property multifamily portfolio from Rochester, NY-based Home Properties. The deal, valued at $200 million, is expected to close by the second quarter.