Century 21 plans to take possession of the space, which is across from Lincoln Center, in February 2011.
Century 21 plans to take possession of the space, which is across from Lincoln Center, in February 2011.
Pearlridge Center, a 1.2 million-square-foot mall in Honolulu, Hawaii, is on the verge of coming under new ownership.
The price tag on the approximately 7.9 million-square-foot portfolio included Simon’s assumption of nearly $1.6 billion of existing debt and preferred stock.
Trussville was purchased by a private investor in Newport Beach, California and sold by NC/Trussville L.L.C.
Located along Jonesboro Road and Highway 138, Shannon Square sits seven miles south of Hartsfield-Jackson Atlanta Airport.
Crumbling along with the housing market, the retail real estate sector took a nosedive a long time ago. However, according to real estate services firm Colliers International’s new white paper, The Big Box Dilemma, large big-box chains that managed to remain afloat during the economic crisis are beginning to soak up some of that space vacated by retailers who could not keep their heads above water.
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost–in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.
Fannie Mae returned to the U.S. Treasury on Thursday, hat in hand, asking for $1.5 billion in the wake of its net loss of $3.1 billion, or 55 cents a share, during the second quarter. Essentially, it was asking for its latest dividend back.