Millennia Associates, the development arm of the Jerde Partnership, a Venice Beach, Calif., architectural firm, is buying the former Union Pacific Railroad yard in downtown Sacramento to build a mixed-use development. The 240-acre parcel is one of...
This should come as no surprise. With retail sales soft and some chains looking like they could be the next Kmarts (see story, page 12) lenders are getting a lot more finicky. Net lease lenders are stepping up due diligence and tweaking deal...