Breaking News Breaking News <![CDATA[CBRE Restructures NorCal Institutional Investment Team]]> SAN FRANCISCO-The firm has initiated a series of moves designed to strengthen significantly its delivery of capital-markets solutions to CRE investors in the San Francisco Bay Area.

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<![CDATA[Environmental Property Report Demand Rises 10% in Q1]]> TORRANCE, CA-The increase in Phase I ESA’s ordered indicates steady improvement in the national real estate markets, says engineering-consulting firm Partner Engineering and Science Inc.

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<![CDATA[JLL’s New SVP Sees Vegas Opportunity]]> LAS VEGAS-Xavier Wasiak, who will specialize in industrial deals, is the second senior level executive to join the firm’s Vegas team since 2012, and says it is an exciting time to be considering an expansion or relocation here.

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<![CDATA[Lee & Associates Forms Alliance for Management Services]]> SHERMAN OAKS, CA-The venture with Moss & Co. will offer building owners a seamless transition from acquisition to management of commercial properties, GlobeSt.com exclusively learns.

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<![CDATA[643 Capital Management Seeks Distressed Opportunities]]> SAN FRANCISCO-GlobeSt.com chats with the new firm’s managing director Gregor Watson, former founder of McKinley Capital Partners, about the new spinoff and what opportunities the company sees in distress.

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<![CDATA[Beech Street Provides $68M For Mid-Atlantic MF Portfolio]]> PHILADELPHIA-The portfolio consists of four properties totaling 1,106 units located in the Philadelphia-Camden-Willington MSA.

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<![CDATA[Shorenstein Closes on Seaport Center Buy]]> BOSTON-In its second acquisition here since 2007, Shorenstein Properties is paying a reported $110 million for the nine-story office property, a former wool warehouse that has been extensively upgraded.

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<![CDATA[GlobeSt.com Viewers See More C-Suite Turnover]]> NEW YORK CITY-Nearly two-thirds of respondents to a GlobeSt.com poll said recent high-level resignations either portend more to come or prove that the industry needs to work on succession planning.

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<![CDATA[Victory Park Owner Partners with Trademark for Retail Reposition]]> DALLAS-Estein & Associates taps Trademark to develop and implement a leasing strategy for retail and undeveloped land in the mixed-use project. Also: CRE news from the Southwest.

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<![CDATA[CBRE Pushes $65M In Multifamily Financing Duo]]> MIAMI-CBRE's Charles Foschini tells GlobeSt.com's Jennifer LeClaire there was intense competition to fund the multifamily assets.

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<![CDATA[W Fort Lauderdale Condos Gain Traction With Foreign Buyers]]> FORT LAUDERDALE, FL—Foreign buyers and institutional investors have bought almost all of the 5,100 units constructed since 2003.

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<![CDATA[Failed Roosevelt Collection Garners $145M Redo Loan]]> CHICAGO-Partners McCaffery and Canyon-Johnson say the mall redevelopment is underway, and tenants are taking leases, a year after Centrum gave up the mostly-empty project in the South Loop.

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<![CDATA[Ramco-Gershenson Acquires Four, Sells Two]]> FARMINGTON HILLS, MI-The locally-based REIT bought four shopping centers in Colorado, Missouri and Wisconsin for $105 million, and sold two in Florida for $5.4 million.

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<![CDATA[Ezra Moves Law Firm Rees Broome to Vienna]]> VIENNA, VA-Lower rents were the driving force behind law firm Rees Broome moving its Tysons Corner-based office to a new location here. Currently, the firm occupies a similar amount of space at 8133 Leesburg Pike.

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<![CDATA[Dalian Wanda Takes AMC Theaters for $2.6B]]> BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.

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<![CDATA[Developer Eyes Former Regions Plaza Building for Hotel]]> BIRMINGHAM, AL-The developer of the $50-million Westin Hotel beside the Birmingham-Jefferson Convention Complex may renew a proposal to transform the old Regions Plaza structure in downtown Birmingham into a hotel.

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<![CDATA[Construction to Start on Lendon Project in Huntsville]]> HUNTSVILLE, AL-Brothers-in-law Peter Lowe and John Blue are expecting to break ground later this year on Lendon, a 68-acre development in Huntsville.

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<![CDATA[Fox Point Landlord Sells Two Milwaukee Apartments for $11M]]> MILWAUKEE-Daniel Bruckner, a Fox Point landlord, has sold two sites in Milwaukee to Jomela Properties.

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<![CDATA[RioCan to Purchase 80% Stake at Former Montgomery Ward Site]]> FORT WORTH-RioCan, a real estate investment trust based in Toronto, is expecting to purchase an 80% stake in the retail division of Montgomery Plaza situated on West Seventh Street in Fort Worth.

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<![CDATA[YOUNIQ Starts Construction Work on New Student Apartments]]> BERLIN-YOUNIQ AG has started construction work on a student house apartment complex in Potsdam.

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<![CDATA[Hammerson Gets Green Light to Redevelop Centrale]]> LONDON-The London Borough of Croydon Council's planning committee has given approval for Hammerson's redevelopment scheme for Centrale Shopping Centre.

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<![CDATA[Segro Agrees to Sell Four Industrial Estates in UK for GBP 204M]]> MANCHESTER, UK-Segro has signed conditional contracts to sell four of its non-core industrial estates in the UK region to a Harbert Management Corporation (Europe) LLC fund for GBP 204.5 million.

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<![CDATA[Griffin-American Healthcare REIT Buys Centre Medical Plaza]]> CHULA VISTA, CA-CoStar Group reported that Newport Beach-based Griffin-American Healthcare REIT has acquired Centre Medical Plaza, a two-building medical property in Chula Vista, for $24.6 million.

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<![CDATA[Arlington Approves Apartment Building at 650 N. Glebe Road]]> ARLINGTON, VA-NBC Washington reported that the Arlington County Board has approved a proposal for a six-story apartment building with retail on the ground floor at 650 N. Glebe Road.

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<![CDATA[Citigroup Renews Lease at 601 Lexington Ave.]]> NEW YORK CITY-Three tenants, namely, Morgan Stanley, Viacom Inc. and Citigroup Inc., have recently renewed their leases for approximately 500,000 square feet and above in New York.

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<![CDATA[Barclays Puts BlackRock Stake on the Sales Block]]> NEW YORK CITY-In connection with the offering, BlackRock has agreed to repurchase up to $1 billion of its stock from Barclays.

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<![CDATA[JV Makes First Investment, Acquires 352-Room St. Anthony Hotel]]> SAN ANTONIO-BC Lynd Hospitality, a JV between BC Commercial Partners and Lynd Co., plans a $24 million renovation and new flag for the 109-year-old downtown hotel.

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<![CDATA[MTA Markets Massive Restaurant Spaces at Grand Central Terminal]]> NEW YORK CITY-The transportation agency will release a request for proposals later this month for the west side of Vanderblit Hall and an underdeveloped area above Grand Central Market.

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<![CDATA[Meridian Buys TA Office Asset for $49M]]> ARLINGTON, VA-The Meridian Group is acquiring the 142,833-square foot office from TA Associates. The RB Corridor has a robust pipeline of residential projects under development.

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<![CDATA[Weiss Realty Brokers Sale of West New York Medical Office Building]]> WEST NEW YORK, NJ-A private investor has bought out the fully occupied office. Outside of Hudson County, Weiss has also scored two retail deals in Bergen.

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<![CDATA[Manarino, IRG Moving on $170M NASA Redo]]> DOWNEY, CA-The companies are leading a new charge to redevelop the former space vehicle factory into a 1.5-million-square-foot mixed-use site with office, retail and a hotel.

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