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Monthly Archives: May 2016

CoStar’s People of Note (May 27)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Boston, Chicago, Atlanta, Phoenix / Tucson, Charlotte, New York City…

RECon Recap: Shopping Center Owners, Store Chains Deal With Contradictions of Shifting Retail Landscape

This year’s ICSC RECon conference in Las Vegas was by most accounts the busiest and most well-attended since the Great Recession. But the tone of many panels and reports about deal-making activity at the four-day conference in Las Vegas suggested that shopping center landlords and many retailers are beginning to shift from growth mode to preserving portfolio value against a muted retail backdrop.

High points included continued robust deal-making…

RECon 2016 Recap: Shopping Center Owners, Store Chains Grapple With Contradictions In Shifting Retail Landscape

This year’s ICSC RECon conference in Las Vegas was by most accounts the busiest and most well-attended since the Great Recession. But the tone of many panels and reports about deal-making activity at the four-day conference in Las Vegas suggested that shopping center landlords and many retailers are beginning to shift from growth mode to preserving portfolio value against a muted retail backdrop.

High points included continued robust deal-making…

CNL Opts to Dissolve Non-Traded Multifamily REIT

CNL Growth Properties Inc., one of several non-traded REITs managed by Orlando-based CNL Financial Group, has decided to liquidate all of its multifamily properties and dissolve the company after completing a review of strategic options.

In a letter to shareholders CNL said it planned to maximize stockholder value by selling all of its assets, paying off its debts and distributing the net proceeds to stockholders. The nontraded REIT’s board approved…

Sumitomo Corp. Acquires Miami Tower

LaSalle Investment Management more than doubled its investment on the Miami Tower office building at 100 SE 2nd St. in Miami, FL in six years, selling it to Sumitomo Corporation of America last week for $220 million, or about $348 per square foot.

T…

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