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Kislak Nets Nine MF Sales for $12M
WOODBRIDGE, NJ-The locally based firm also secured three retail leases in New Jersey and Pennsylvania.
Corigin Launches Real Estate Group
NEW YORK CITY-The new company will subsume assets from Coalco New York and will focus mainly on multifamily properties.
REITs on a Run: $290M in Excel, BioMed Deals
SAN DIEGO-Locally based Excel Trust acquires and signs contracts for $157 million in properties in five states, while BioMed signs deals for $132.9 million of San Diego properties.
Grubb & Ellis Forms Alliance with Kettler
SANTA ANA, CA-The new strategic alliance will enable Grubb & Ellis to offer Kettler's residential property management services to its clients nationwide.
Cole Acquires Whittwood Retail Center for $84M
WHITTIER, CA-Phoenix-based Cole Real Estate Investments buys Whittwood Town Center from the Prime Property Fund of Morgan Stanley.
Raintree Closes $25M Apt. Buy
RIVERSIDE, CA-While the Inland Empire market has been hit hard by the downturn, this apartment asset, according to Raintree, holds a strong occupancy rate.
Plaza Advisors Closes Back-to-Back Publix Center Sales
MIAMI-Publix-anchored shopping centers are selling fast in Central Miami, where land is scarce and population is dense.
High-End Multifamily Goes into Receivership
SILVER SPRING, MD-Trigild, a San Diego-based company, is the receiver for the Enclave, a high-end property here.
Hialeah Business Park Sees Occupancy Jump 30%
MIAMI-Centergate at Gratigny is getting new life, leasing 275,000 square feet this year in a recovering industrial market.
Navistar Picks Lucent Lane for $110M HQ Move
LISLE, IL-The company is going to invest $110 million in the 1.2-million-square-foot former Alcatel-Lucent East campus, and another $95 million in other development.
TIAA-CREF Refinances 3,600 Units for $273M
LOS ANGELES-The financial services giant refinances 10 apartment complexes in a deal engineered by a team from Southern California offices of CB Richard Ellis Capital Markets.
Aker Relocates in 133,417-SF Westchase Move
HOUSTON-The engineering and construction firm is relocating its North American office headquarters to Pinnacle Westchase in this western submarket.
EMEA Hotel Pipeline To Slow To Trickle by 2013
LONDON-New hotel planning and development is strong in Europe, the Middle East and Africa during the next two years, but expected growth then dwindles for the EMEA region.
Glimcher Buys Out Venture for $120M
SCOTTSDALE, AZ-The retail developer will terminate its relationship with Wolff Co. and Vanguard on the $250 million Scottsdale Quarter project, now about half completed.
New 116,000 SF Hospice Center to Come up in Dallas
DALLAS-T. Boone Pickens, a Dallas philanthropist, is contributing $18 million to construct the estimated $48 million hospice center in Dallas.
Weinberg Wheeler Hudgins Gunn & Dial Expands Lease Deal
MIAMI-Weinberg Wheeler Hudgins Gunn & Dial, LLC has expanded its lease agreement for 14,434 square feet of space at SBS Tower in Coconut Grove.
FHA Aids Mortgage Borrowers
HOUSTON-The Federal Housing Administration has started a new scheme which helps homeowners in danger of foreclosure receive refinanced loans from lenders that are guaranteed by the government.
Subprime Loan Delinquencies Down in June
WASHINGTON, DC-According to CoreLogic, a mortgage analytics company, subprime delinquencies were showing a downward trend, while the prime mortgage market was also not performing well.
Shatter Leases 3,600 SF at Main Place Tower
BUFFALO, NY-Shatter I.T. has inked a lease agreement for 3,600 square feet of space in the Main Place Tower's, with a choice of adding more space if need arises.
CEO and COO of GGP To Depart After Restructuring
CHICAGO-General Growth Properties Inc. has announced that its CEO and COO will depart after the completion of its restructuring, which is anticipated in October 2011.

