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WASHINGTON, DC—Led by William Ackman, the largest stockholder in Fannie and Freddie alleges in a lawsuit that the 2012 decision to divert both GSEs' profits to the US Treasury deprives common shareholders of “any economic value in their shares.”
CHICAGO—Morningside Group and Crossroads Development just broke ground on a mixed-use apartment complex on the North Shore that developers say will provide luxury amenities that aren't available in downtown Chicago's newest apartment towers.
BALTIMORE—The General Services Administration has issued a prospectus that reveals the Federal Bureau of Investigation is looking to replace its Baltimore field office at 2600 Lord Baltimore Drive and two other leased locations in Catonsville and Beltsville.
WASHINGTON, DC—A little more than a month after it cancelled a bid solicitation for massive infrastructure work at the St. Elizabeths campus, the District of Columbia has issued new bids for the project.
PHOENIX—In this week's Deal-Tracker, Cassidy Turley announces the sale of a 40,427-square-foot class B flex project at 2932 W. Deer Valley Rd. in Phoenix's Deer Valley Submarket. California-based Hyperion Fund L.P.
BIRMINGHAM, AL—Xceligent data on Alabama's largest city and the two major population centers of Arkansas show that the Texas energy and tech powerhouses aren't the only Southwest markets to have rebounded from the downturn.
DALLAS—Vine Oil & Gas, headquartered here, is partnering with Blackstone Energy Partners for a $1.2-billion acquisition of assets in the Haynesville Shale basin.
NEW YORK CITY—A new 780,000-square-foot complex—anchored by Macy's—that opened on Thursday is the city's largest and first enclosed fashion mall in over four decades.
HOUSTON—Transwestern has arranged financing for developer Randall Davis' 29-story Astoria project, to be built in the Galleria submarket, through the Houston EB5 Regional Center.