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Deal Gives Paris-Based Global Property Giant Entry into U.S. Retail Market, Combined Portfolio Valued at $72 Billion Westfield's Century City in Los AngelesUnibail-Rodamco SE has agreed to acquire Westfield Corp. in a deal valued at US$24.7 billion, creating one of the world's largest shopping center developers and operators. Under the...
Westfield's Century City in Los AngelesUnibail-Rodamco SE has agreed to acquire Westfield Corp. in a deal valued at US$24.7 billion, creating one of the world's largest developers and operators of flagship shopping centers. Under the terms of the agreement, Sydney, Australia-based Westfield security holders will receive a combination of...
It's time to update those contact managers with People of Note, reporting significant new CRE hires and promotions.The following companies announced personnel moves this week: Cushman & Wakefield, CBRE, CBC Advisors, IRR, Hold-Thyssen, Schuckman Realty, Lloyd Jones Capital and SVN Parsons. Lickerman Steps Down, Mobley Named CEO Americas at...
State Farm has sold and leased back the 370,000-square-foot building it developed at 300 Rio Salado Parkway and four other office buildings in the Phoenix metro. A partnership between Transwestern Investment Group (TIG) and JDM Partners LLC led by principals the principals Jerry Colangelo, David Eaton and Mel Shultz...
With Economy Reaching Full Employment and Office-Using Jobs Continuing to Grow Steadily, Companies in White-Collar Industries Increasingly Compete for Job CandidatesSince early September the real estate world has been enthralled by Amazon’s search for a second home, and justifiably so. The new co-headquarters is being billed as opportunity...
Following two years of increased originations, the Federal Housing Finance Agency (FHFA) is lowering its projections for the multifamily lending market in 2018. FHFA, which oversees Freddie Mac and Fannie Mae, announced that the 2018 multifamily lending caps for each government-sponsored enterprise will be $35 billion. That is down...
J.P. Morgan Cashes Out, Sells Five-Building CBD Complex Continuing to add to its Houston holdings, Brookfield Asset Management, an institutional investment firm based in Canada, closed on its purchase of Houston Center, a 4.2 million-square-foot office and retail complex in downtown Houston from J.P. Morgan Asset Management. Houston Center is...
London-based Daily Mail and General Trust plc (DMGT), owner of U.S. CRE data provider Xceligent, reported this morning a quarterly loss of US$150 million primarily due to its decision to write-off the full value of its investment in Xceligent. In announcing the company's third quarter results, Tim Collier, DMGT's...
In its third quarter earnings announced this morning, Sears Holdings Corp. (NASDAQ: SHLD) reported that it has negotiated a deal with the federal government that will free up the potential sale of additional stores with a property value of more than $400 million. Earlier this month, the U.S. Pension...
Updated - Analysis of Top 1,000 US Leaseholders Representing $135 Billion in Rent Value Confirms Rapid Ascent and Influence of Tech Tenants, Importance of Govt. Occupiers to CRE LandlordsThe top 1,000 corporate, government and institutional occupiers in the U.S. hold leases worth an aggregated rent value of more...