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.
IRVINE, CA—Following an extended period of strong growth, “pricing across commercial real estate has entered a period of lethargy during the past three months,” says Peter Muoio at Ten-X.
NEW YORK CITY—“We believe that the outlook for the multifamily and student housing sectors remains strong,” says Investcorp’s Herb Myers.
SAN DIEGO—Consumers are spending more money on experiences than material goods, including their homes, which gives the CRE industry insight into future projects and planning, MasterCard’s Sarah Quinlan tells attendees at MBA’s CREF/Multifamily Housing Convention & Expo 2017.
SAN DIEGO—Speakers during the general session Monday at MBA’s CREF 2017 conference say that the blueprint for the future will focus on effective flow of capital, transformational technology, and on achieving meaningful diversity in our industry.