The buyers want to convert the former warehouse, which was completed in 1891 and has more than 1 million square feet (93,000 square meters), into office space, among other uses.
Brookfield has started work on revitalizing GGP’s mall portfolio, reports the Wall Street Journal. Oregon has approved the use of timber in the construction of high-rise buildings, according to Curbed. These are among today’s must reads from...
As pension funds, government funds and HNW investors put their money into real estate lending, some in the industry worry about the potential for loan defaults, according to the Wall Street Journal. Chain Store Age looks at the evolution of...
Nordstrom Inc., for instance, posted same-store sales that were almost four times higher than expected after drawing in buyers for both its full-priced and discounted merchandise.
Unlike traditional real estate funds, which call for managers to return money to investors after a set period of time, Cerberus is raising an evergreen fund without a target date for returning capital.
Anbang Insurance Group is looking to sell its luxury hotel holdings, according to the Wall Street Journal. NPR looks at why hospitals are investing in real estate. These are among today’s must reads from around the commercial real estate industry.
The latest deal moves a stake in the property between investors with ties to Guggenheim Partners, which Todd Boehly left in 2015.
Mel Watt, who has denied wrongdoing, has remained in his post amid ongoing investigations into the allegations.
The companies will co-lend each loan under the multiyear agreement, New York-based MetLife said Thursday in a statement.
The action against the Pittsburgh-based lender by the U.S. Attorney’s Office in Miami is similar to an inquiry into Wells Fargo & Co. over its purchase of the credits.