ST. LOUIS-A joint venture of Davis Street and a Verizon pension fund sold the 482,000-square-foot Plaza Frontenac, and GGP gave up a 26% interest in the massive Saint Louis Galleria.
CHICAGO-Parkway officials say the property serves as collateral for a $148.5-million non-recourse mortgage loan with a fixed interest rate of 6.3% and a maturity date of July 2016. The buyer will take delivery in Q4.
CHICAGO-A study by Jones Lang LaSalle’s Healthcare Capital Markets group shows trusts gathering steam in the medical investment arena in the past 18 months, and more is to come.
MOSCOW-Rents here and in St. Petersburg increased by more than 10% in the first half, while most of the rest of the EMEA remained flat, according to Colliers.
MINNEAPOLIS-The 33-story tower, going up at the corner of Nicollet Mall and South Fifth Street, will be the first new high-rise rental building in the downtown in nearly 30 years.
BLOOMINGTON, MN-The two companies have formed a joint venture, with a NorthMarq dominated board, to provide brokerage services. NorthMarq Capital is not involved in the JV.
CHICAGO-Jeanne Gang, the 47-year-old designer of Aqua Tower and other Chicago projects, was named one of 22 fellows of the MacArthur Foundation on Tuesday.
SPRINGDALE, OH-The Louisville, KY-based company plans to move 650 people into a new lease at the Executive Centre office complex here by December 2012.