CHICAGO-The new company, formed last year by the Phoenix-based Virgin Group, has announced its first hotel property deal as a conversion of the Old Dearborn Bank Building.
BLOOMFIELD HILLS, MI-The mall REIT said in a third quarter conference call Friday that it is working on a handful of new developments in the United States and China.
LONDON-The bank plans to divest about $14 billion in non-core portfolios by 2014. The company plans to sell $7 billion worth this year, including this sale to Kennedy Wilson.
CHICAGO-The K2 tower will be the fifth and the final apartment tower at Fifield’s K Station complex, with some components valued at about $850 million and now up for sale.
INDIANAPOLIS-New York City-based Blackstone has agreed to buy and manage the 82-building portfolio as Duke will focus more on industrial and core office properties.
CHICAGO—The Society of Industrial and Office Realtors kicks off its Fall World Conference with a new president and a strong note of hope. Keynoters including John Salustri and the Chicago Fed Reserve’s William Strauss underscored the message.
BEACHWOOD, OH-The shopping center firm has tenants for six of the empty sites already, and should have the three remaining bookstores in the portfolio filled by January.
INDIANAPOLIS-The properties are all located within Indiana, close to hospitals. The deal is a final sale of a six-property portfolio by BAI of Indiana that sold for $123 million.