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Archive for the Category ‘Top News of the Week’

Chartwell, Health Care REIT Seniors-Housing JV Worth $931M

Chartwell, Health Care REIT Seniors-Housing JV Worth $931M

Completion of a $931 million seniors-housing acquisition in Canada was significant for both Chartwell Seniors Housing Real Estate REIT and Heath Care REIT, as the 8,187-suite transaction makes Chartwell the largest provider of seniors housing in the country and gives Health Care its first foothold in the growing Canadian market.

Ascena Retail Group to Acquire Charming Shoppes for $890M

Ascena Retail Group to Acquire Charming Shoppes for $890M

In what can only be described as a plus-size deal, Ascena Retail Group has entered into a definitive agreement to acquire Charming Shoppes in an $890 million, all-cash transaction that will include 1,832 retail stores nationwide.

CoreNet Global Summit Report: Technology, Innovation Top Day One Agenda

CoreNet Global Summit Report: Technology, Innovation Top Day One Agenda

As the CoreNet spring conference kicked off Monday in San Diego, the need for flexibility and innovation were among the most-repeated topics.

Former Grubb CEO Thomas D’Arcy Named Chief at American Realty Capital Trust

Former Grubb CEO Thomas D’Arcy Named Chief at American Realty Capital Trust

Could Grubb & Ellis 2.0 be shaping up under the American Realty Capital umbrella?

Exclusive: JLL Launches Real-Time PortfolioCommand Offering

Exclusive: JLL Launches Real-Time PortfolioCommand Offering

Jones Lang LaSalle Inc. now has a new weapon in its arsenal: its new PortfolioCommand offering, to be launched today.

FTC Approves CoStar’s Acquisition of LoopNet—with Conditions

FTC Approves CoStar’s Acquisition of LoopNet—with Conditions

Last week’s announcement that the Federal Trade Commission had approved CoStar Group’s acquisition of LoopNet Inc. brings to fruition—almost a year to the day later—a much-noted transaction that also contains the seeds of further change not far down the road.

Beck Ventures Plans $2B Transformation for 1.7 MSF Dallas Mall

Beck Ventures Plans $2B Transformation for 1.7 MSF Dallas Mall

The 39-year-old Valley View Center, a mall located on 1.65 million square feet of property in North Dallas, will be transformed into Dallas Midtown, a mixed-use lifestyle project, as part of a $2 billion redevelopment project planned by its new owners.

Viacom’s New 1.6 MSF Office Lease Now Manhattan’s Largest

Viacom’s New 1.6 MSF Office Lease Now Manhattan’s Largest

SL Green, which has been extremely busy in the Times Square submarket of Manhattan during the past year, has just notched another record: The signing of what the firm calls Manhattan’s largest office lease, which keeps media giant Viacom in the 1515 Broadway building through 2031.

StonebridgeCarras, PN Hoffman, Northwestern Mutual Begin Construction on $200M Mixed-Use Project in Maryland

StonebridgeCarras, PN Hoffman, Northwestern Mutual Begin Construction on $200M Mixed-Use Project in Maryland

Four months after StonebridgeCarras and PN Hoffman formed a joint venture with Northwestern Mutual to develop a $200 million mixed-use property on the 3.3-acre parcel known as Lot 31 in Bethesda, Md., the site has kicked off construction.

GlenStar, USAA Spend $152M for Chicago Board of Trade

GlenStar, USAA Spend $152M for Chicago Board of Trade

Two of the three buildings that comprise the Chicago Board of Trade complex at 141 W. Jackson have been sold to a joint venture of GlenStar Properties L.L.C. and USAA Real Estate Co. for approximately $151.5 million.

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