The second Wells real estate investment trust (REIT) has raised its dividend from a 5% annualized return to a 6% annualized return. This marks Wells REIT II’s third dividend increase since it was founded in November...
GE Real Estate has agreed to buy Haslemere, a European property investment company, for $362.5 million. The announcement comes only weeks after GE snapped up U.K. property investment company Benchmark for $320 million...
Office REIT Equity Office Properties Trust is putting its entire New Orleans portfolio on the market, reports Real Estate Alert. The total value of all three properties is reportedly roughly $200 million...
CoStar Group Inc. has agreed to buy Peer Market Research Inc. (PeerMark), an online commercial real estate information provider in Memphis and Nashville, Tenn. The price was undisclosed, and the merger is still...
Younan Properties Inc. has bought downtown Phoenix’s largest office building for $21 million from MetLife. Central Plaza, a 400,000 sq. ft., Class-A office tower, was only 60% occupied at the close of the sale...
A partnership between Hines and GE Real Estate has bought a two-building office complex in Kansas City CBD from Shorenstein Co. LLC and IBM. 2345 Grand is a 28-story office tower with an adjoining four-story office...
Pension and financial services firm TIAA-CREF has sold a trophy office tower in downtown Tampa to CMD Realty for an undisclosed price. Trammell Crow Co. brokered the deal for the seller, which reportedly began...
Coldwell Banker Commercial, a real estate franchisor, has brought Capitol Realty Services into its national brand. Capitol is based in Vienna, Va., in the suburbs of Washington, D.C. The firm will operate as Coldwell...
An $18 million mixed-use development in Rancho Cucamonga, Calif., has received approval from the local planning commission. Marketplace Properties will begin construction this summer on a seven-acre hotel and retail...
An affiliate of Vornado Realty Trust has purchased a 62,000 sq. ft. retail property in Manhattan for $40 million. Real estate investment firm Mark Holdings sold the building, 25 West 14th Street. Vornado owns and...
