SANTA MARIA, CA-The acquisition increases the company’s multifamily portfolio to include investments in 13,531 units in the United States and Japan.
CHICAGO-The Taxman Corp. is putting in 127,000 square feet of retail, including a Mariano’s grocery, though Magellan Development will no longer participate in the rental housing portion.
BUDAPEST-The company joined in two joint ventures to buy interests in four offices here and one office in Melbourne, in both value-add and core-plus acquisition gambles.
HONG KONG-Canada Pension Plan Investment Board has added $250 million, and the venture gained a $100 million loan to boost its logistics venture for China properties.
ST PAUL, MN-The Twin Cities Assembly Plant, which is closing next week as part of the automaker’s $5 billion cost-cutting plan, includes mining tunnels and a hydroelectric dam.
DUBAI-Silverpeak Real Estate Partners, the former real estate arm of Lehman Brothers, will manage a portfolio of 30 assets in Germany and the United States.
CHICAGO-The American Medical Association will leave its anchor lease at 515 N. State and lease up to 300,000 square feet at the struggling 330 N. Wabash, with naming rights included.
OSWEGO, IL-HFF arranged the $21 million loan for Oswego Commons here, anchored by a Dominick’s store, through Hartford Investment. Plus more Midwest news.