Majority Stake in 1.7M-SF Mall Changes Hands
BROOMFIELD, CO-GI Partners sells its 75% ownership stake in FlatIron Crossing to its JV partner, Macerich, for $196 million in cash plus the assumption of a pro rata share of the debt of $127 million, GlobeSt.com has learned.
NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.
BOISE, ID—The new hire brings more than 35 years’ experience in commercial real estate finance to the middle-market loan provider.
NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS’ Kent Elliott tells GlobeSt.com.
Middle Market Digest
Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region.