CHICAGO-Core properties saw compression, but a flood of low-quality assets will likely keep cap rates at the same level for most of the year, according to the Boulder Group.
GRAND CAYMAN-The St. Louis-based firm, with more than 1,400 locations in the United States, is partnering with Dr. Devi Shetty on a large healthcare project here.
ROSEMONT, IL-The 200,000-square-foot retail project, which replaced a casino plan, will be fully occupied by this summer. Nearby is a planned Macerich-owned $200 million outlet mall.
LONDON-The United States will continue to be seen as a safe haven for equity built-up by sovereign funds, oil-rich regions and investors moving away from riskier markets, Savills says.
MISSISSAUGA, CANADA-Morguard Corp. will sell its interests in the 14 Canada and three Louisiana complexes to the Morguard North American Residential REIT for about $75 million.
DETROIT-The 163 acres, next to a proposed Meijer development on the city’s northern border with Oakland County, has a negligible worth, according to a late 2009 appraisal.
CICERO, IL-The property, a racetrack, was once frequented by Al Capone and his gang. Now about half will feature a 604,970-square-foot office and industrial property.
CHICAGO-The Los Angeles-based firm said it can fill the remaining vacant 70% of the five-story mall, a controversial property that was last lost by Freed & Associates in a foreclosure.