| TOP NEWS OF THE WEEK |
Rufrano Steps Down; New CEO Sant’Albano Takes the Reins
Cushman & Wakefield has named Carlo Barel di Sant’Albano its interim CEO, replacing Glenn Rufrano, who will remain with Cushman during a transition period. |
Clarion Sells 50% Stake in IN Retail Fund to Inland
Inland Real Estate Corp. acquired the 50 percent ownership stake in IN Retail Fund held by its JV partner, New York State Teachers Retirement System, for $121 million in cash, making it the sole owner of the 2.3 million-square-foot Midwest retail center portfolio. |
Clarion Scoops Up NYC’s 100-104 Fifth Ave. for $230M
The hot Midtown South office market in Manhattan saw a trophy property change hands this week with Clarion Partners acquiring 100-104 Fifth Ave., a 17-story, 277,412-square-foot building, from the Kaufman Organization and Invesco Real Estate for $230 million. |
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RECon 2013: Midwest Retail Investment Sales Roundup
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Economy Watch Weekly: Surprising Boost in Job Creation
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Steve Jones: Retailers Must Deliver on Customer Service, Experience to Compete with Online Merchants
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NAREE Special Report: Gelbtuch Announces CRE’s Real Estate Top 10 Issues
The top 10 issues to affect real estate this year offer some real investment opportunities, especially when taken in combination. Counselors of Real Estate chairman Howard Gelbtuch released the updated version of the organization’s annually adjusted list yesterday at the National Association of Real Estate Editors conference in Atlanta. |
JLL Secures $112M in Non-Recourse Financing for Office Complex in Suburban DC
With the assistance of Jones Lang LaSalle's Capital Markets division, the California State Teachers Retirement System has landed $112 million in financing for Lincoln Place, a 503,800-square-foot office complex in Arlington, Va. |
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HFF Secures $581M Refi for 16-Property Blackstone Hotel Portfolio
The Blackstone Group has refinanced a 16-property, 4,798-room hotel portfolio and golf course/tennis club with a $581 million loan obtained from GE Capital Real Estate. |
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