SYDNEY-Starwood is buying a majority interest in seven centers, with another, Eastland, being sold in a separate transaction. The sale will go toward debt and projects such as the WTC.
VAN BUREN TOWNSHIP, MI-The automotive supplier, which emerged from Chapter 11 bankruptcy in late 2010, has been working to grow since splitting from Ford in 2000.
JUNCTION CITY, KS-The adjacent Fort Riley, home to the Big Red One, doesn’t have the housing stock to keep up with demand, making this complex popular, says Marcus & Millichap.
CHICAGO-The chain will open its first location on the Chicago Transit Authority’s elevated train line later this year, as CTA authorized JLL to market spaces to more national retailers.
CHICAGO-A spokeswoman for the local REIT wouldn’t divulge the names of the seniors communities, except ‘they are in 12 states from coast to coast.’
SYDNEY-The 65 properties, about 16.6 million square feet, are being bought by Blackstone Real Estate Partners VII. This sale allows Dexus to remove all US sites not on the West Coast.
As some CMBS special servicers are ‘keeping it in the family’ as broker or investor subsidiaries, it’s agreed, even if the nepotism is divulged, that transparency is paramount.
MINNEAPOLIS-Alatus and two other partners want to build the six-story apartment complex in a low-income neighborhood near the University of Minnesota’s law and business schools.