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News

GLP Reportedly Planning $3B IPO of US Warehouses

Erika Morphy | April 25, 2019

Much of GLP's US business stems from a 2014 deal to acquire IndCor Properties from Blackstone Group for $8.1 billion.

News

Pipeline Expansion Deal Could Lift Westchester Natural Gas Moratorium by 2023

John Jordan | April 25, 2019

The utility said the new natural gas capacity from the Tennessee Gas Pipeline could be in service by November 2023.

News

NYC Firm Secures Financing for FL and GA Multifamily Properties

John Jordan | April 25, 2019

Holliday Fenoglio Fowler, L.P., which worked on behalf of Beachwold, reports that the financing will be used to refinance existing debt on the 400-unit The Place at Alafaya in Orlando and to acquire Litchfield Place, a 76-unit development in Savannah.

News

Highwoods Sells Orlando Office Buildings for Nearly $33M

John Jordan | April 25, 2019

Commercial brokerage firm CBRE reported the sale transaction of the fee-interest of 182,753-square-foot Class A property at 2101 Park Center Drive and 2145 Metrocenter Boulevard to Metrocenter Office, LLC.

News

Rittenhouse Realty Sells Two Chestnut Street Redevelopment Sites for $21M

Steve Lubetkin | April 25, 2019

“We continue to see the growth of the University of Pennsylvania and Drexel University driving the demand for housing in this submarket and driving growth and redevelopment further west,” says Rittenhouse Realty's Ken Wellar.

News

Structured Development and Burnt City Brewing Complete First-of-its-Kind Brewpub in Chicago's West Town

Steve Lubetkin | April 25, 2019

The real estate firm partnered with a brewery on District Brew Yards, the nation's first brewery collective with a pour-your-own beer hall.

Features

Refi of Avenel Refrigerated Warehouse May Be 'Bellwether' for New Cold Storage Values in North Jersey

Steve Lubetkin | April 25, 2019

“We were a little bit ahead of the curve in terms of understanding where values are headed in this cold storage subsector,” says HFF's Greg Nalbandian.

News

Aberdeen Extends 27,000 SF lease at 712 Fifth Ave.

Betsy Kim | April 25, 2019

Although the asking rent was not provided, a CoStar analyst indicated with confidence that it would be well over $100 per square foot.

News

REIT CEO Raiman Named to Liberty Property Trust Board

Steve Lubetkin | April 25, 2019

Liberty expects to leverage Raiman's expertise as a real estate investor, "as we capitalize on the opportunities afforded by the industrial markets and our repositioned industrial platform,” says Liberty CEO Bill Hankowsky.