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02/09/2018

CBRE, JLL Report Stronger Than Expected Year-End Results Driven by Robust Leasing and Sales
CBRE Group President and CEO Bob Sulentic, left, and JLL Chief Executive Christian Ulbrich.
The number #1 and #2 largest global CRE services companies reported strong financial results and robust leasing and sales activity in the fourth quarter of…

02/08/2018

Liberty Planning to Sell Remaining Suburban Office Holdings for Up to $800 Million
The Vanguard corporate campus in Malvern, PA, is among the suburban office assets valued at up to $800 million that the REIT intends to sell this year. Credit: CoStar
Ramping up its transition out of the office sector and into the businiess of owning…

02/07/2018

Beat Goes On: E-Commerce, Strong Returns Fuel Bullish Outlook for US Logistics Investment
IDI Logistics recently sold a 2.2 million-SF portfolio in Ohio and Mississippi to Granite REIT for $122.8 million. Owners are starting to list industrial portfolios in a broad array of US markets.
The industrial real estate market’s remarkable growth…

02/06/2018

Brookfield Residential Acquires National Mixed-Use Developer OliverMcMillan
OliverMcMillan is building the Fifth + Broadway project in downtown Nashville. source: OliverMcMillanIn a significant diversification move from its core homebuilding and master-planned community development focus, Canada-based Brookfield Residential Properties…

02/06/2018

Macquarie to Acquire GLL Munich-Based Real Estate Fund Manager
GLL Real Estate Partners’ managed assets include 200 State St. in Boston, a 16-story office building constructed in 1985.
A division of Sydney-based banking and investment company Macquarie Group struck a deal to acquire GLL Real Estate Partners,…

02/06/2018

Wheeler REIT Weighing Options for 64-Property Grocery-Anchored Portfolio
Following weeks of turmoil in its C-suite, Virginia Beach, VA-based Wheeler Real Estate Investment Trust (NASDAQ:WHLR) has begun the process of selecting an independent third-party advisor to assist in identifying and pursuing options to maximize shareholder…

02/05/2018

Bon-Ton Files for Ch. 11 Bankruptcy Reorganization
Over the weekend, troubled department store chain The Bon-Ton Stores Inc. (OTCQX: BONT) filed for a court-supervised financial restructuring under Chapter 11 of the U.S. bankruptcy code. The retailer said it plans to use the process to continue considering…

02/02/2018

Funding Questions Remain as Potential Roadblock to $1.5 Trillion Infrastructure Goal
The New York State Thruway Authority is replacing the Tappan Zee Bridge with a new 3.1-mile twin-span bridge across the Hudson. The $4 billion bridge is one of the largest single design-build contracts for a transportation project in the US. Photo…

02/02/2018

RioCan Getting Ready to Sell More Assets
RioCan, the country’s largest real estate investment trust, is getting ready to list more assets for sale as part of its plan to dispose of $2 billion in property and refocus on six core markets.
CoStar News can report the Toronto-based REIT has secured…

02/02/2018

Cushman & Wakefield, Commercial Real Estate Lose Industry Leader
The commercial real estate industry is reacting with shock to the sudden passing of Joe Stettinius, a major force behind the mergers that created the latest iteration of Cushman & Wakefield.
A stalwart of commercial real estate in the Washington, D…