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BALA CYNWYD, PA—Keystone Property Group has acquired and will redevelop One Belmont Avenue, also known as the GSB Building, in Bala Cynwyd, PA. The 12-story building occupies an eight-acre parcel ripe for redevelopment.
KANSAS CITY—A pair of investors just plunked down $660 million in cash for Country Club Plaza, a retail district at the heart of this Midwestern city, and the new owners say it can draw customers from neighboring states.
CHICAGO—The company, now known as Alter, wants to be leaner and faster. It has re-focused its strategy on core products – class A offices, master-planned mixed-use developments, and medical facilities.
SACRAMENTO—A historical site that was originally developed by Campbell's Soup in the late '40s gets repositioned along with non-recourse funding and seeks to lease 500,000 remaining square feet.
CHICAGO—The coastal cities may have greater population growth, but Chicago does have strong sustained demand for new class A industrial product, Brian Quigley tells GlobeSt.com.
HOUSTON--Grandbridge Real Estate Capital has secured a $6.2-million bridge loan for a Clear Lake office building owned by a sovereign wealth fund operated by the Republic of Nauru, GlobeSt.com has exclusively learned.