• Atlanta’s Apartment Boom Finally Reaches Downtown with New Peachtree Center Tower
    Downtown Atlanta no longer must watch from the sidelines as developers race to build high-rise housing in Midtown and Buckhead. Miami's Banyan Street Capital and Greystar are seeing to that with plans to build a $120 million apartment tower atop a Peachtree Center parking deck. While plans for the apartment ...
    June 18
  • Dynegy-Vistra Merger Adds to Downtown Houston’s Sublease Market
    Dynegy Inc, a formerly independent electric company based in Houston, has listed roughly 103,000 square feet of sublease space at 601 Travis in downtown Houston after announcing plans to cut 308 jobs at its headquarters. The moves come after Dynegy and Irving, Texas-based Vistra Energy Corp. completed their $1.74 billion ...
    June 18
  • Austin’s Campus Advantage Takes $200 Million Multifamily Portfolio
    Pictured: Liv community in Seattle, one of six student housing communities acquired by Campus Advantage in a $200 million deal.Student housing newcomer Campus Advantage has beefed up its portfolio with a six-property deal worth about $200 million. The Austin-based investment and property management company acquired a 714-unit portfolio, with 1,910 ...
    June 18
  • Las Vegas Strip Ready for New Apartments?
    The 4-Star, 295-unit Lotus apartment building at 3616 Spring Mountain Rd. in Las VegasCredit: Fore Property Co. Known for the prevalence of casinos and resort hotels, the area around that Las Vegas Strip has seen little in the way of new apartment development in recent years. However, with both job ...
    June 18
  • FREO Group, Circle Industrial Buy Nearly $100M Industrial Portfolio in Texas, Atlanta
    A partnership between global real estate investor FREO Group and Los Angeles-based Circle Industrial has acquired a 52-building, 1.63 million-square-foot infill distribution portfolio in Dallas-Fort Worth and Atlanta. The 11-asset portfolio sold for $99.4 million with the help of $69.2 million in acquisition financing through CIBC Bank. At the time ...
    June 18
  • Rent-A-Center Accepts $1.4 Billion Take-Private Buyout Offer
    Rent-to-own giant Rent-A-Center Inc. has agreed to a merger deal with Vintage Rodeo Parent LLC, an affiliate of private and public equity investor Vintage Capital Management, to acquire outstanding shares of Rent-A-Center common stock for $15 per share in a deal valued at $1.365 billion, including the company's net debt. ...
    June 17
  • A-Rod, J-Lo Both Big Believers in Multifamily Investment
    RODRIGUEZLike her also-famous boyfriend, pop superstar Jennifer Lopez is a big believer in apartment real estate as a smart investment for the long term. Capping off the final general session of the National Apartment Association's Apartmentalize convention, which concluded June 16 in San Diego, former New York Yankees All-Star Ale ...
    June 17
  • Ford Buys Abandoned Michigan Central Station in Detroit
    The abandoned Michigan Central Station at 2001 W. 15th St. in Detroit Ford Motor Co. announced its purchase of the Michigan Central Station, an abandoned 504,585-square-foot former intercity passenger rail depot in Detroit’s Corktown district, from Crown Enterprises for an undisclosed pric ...
    June 17
  • LaSalle Turns Down Pebblebrook Offer for Fourth Time
    LaSalle Hotel Properties owns 41 hotels totaling 10,400 rooms in 11 markets, including the 120-room L'Auberge Del Mar Resort & Spa in San Diego County. LaSalle Hotel Properties has formerly rejected a revised and higher merger offer from Pebblebrook Hotel Trust, the fourth unsuccessful bid from its fellow hotel REIT, ...
    June 17
  • Steady as She Goes: Cushman Economist Sees ‘Goldilocks’ Economy Continuing Into 2019
    Pictured: Revathi Greenwood, head of Americas research at Cushman & Wakefield.LAS VEGAS –  Developers and owners should expect to benefit from an ideal U.S. economy into 2019, economic experts said Thursday. "We are in a goldilocks economy. It's not too hot. It's not ...
    June 14