Category: Week in Review

Finmarc Sells DC Area Industrial Space, Starwood Debuts Austria Property

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Finmarc Sells Fully Occupied Industrial Building in DC Area: Finmarc Management Inc. has just announced that it has let go of its Prosperity Business Center, a 71,373-square-foot industrial building located in Fairfax, Virginia. Finmarc just acquired this building 6 months…

Week-In-Review: Goldman Sachs Loses $1.8B Deal, ITT Gets Blocked

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Dept. of Educ. Action Puts More Than 138 ITT College Campuses at Risk: Last week, ITT Educational Services, the publicly held Indiana-based firm that operates 138 school campuses across the U.S., was blocked by the U.S. Department of Education from…

Sears to Borrow $300MM, Tishman & TRINITY Link Up

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JLL to Replace Retiring Dyer With Ulbrich as CEO: This October, Jones Lang LaSalle Inc. will replace retiring CEO Colin Dyer with Christian Ulbrich, who became president of the company in June. Dyer will officially retire at the end of…

Prison REITs Sink, Staples Turns to Reinvention

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Prison REITs Sink After U.S. Ends Use of Privately Run Jails: Directly after the U.S. Justice Department announced that it would eliminate the use of private correctional facilities, shares of two prison REITs dropped dramatically. Corrections Corp., the largest U.S.…

Week-In-Review: WeWork Expands in Chicago, Equinix Acquires Digital Realty’s Paris Operating Business

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WeWork Expands Chicago Footprint: Coworking office space company WeWork has been really flourishing this year. CRE firm Newmark Grubb Knight Frank recently signed an expansion lease with the company in Chicago, making it WeWork’s second Chicago location. The office actually…

Week-In-Review: Hagaplan Hotel in Stockholm to Be Rebranded, CBRE Nabs $116M Shopping Center in UK

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Hagaplan Hotel in Stockholm to Be Rebranded Under New Ownership: Hagaplan Hotel in Stockholm was sold to SPP for over $112 million. This hotel will be rebranded under Elite Hotels, which will mark the brand’s 35th unit worldwide but 7th…

Week-In-Review: Sovran Completes Acquisition with LifeStorage, Mixed-Use Project Coming to Sugar Land

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Sovran, LifeStorage Become One: Sovran Self Storage, one of the 5 largest self-storage companies in the country, remains in its spot with the completed $1.3 billion acquisition of LifeStorage LP. Since the self-storage industry is flourishing, Sovran made the right…