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07/20/2018
Recently Hired Enterprise Development Executive Leaves WeWork
Less than a month after starting as WeWork's Southeast director of enterprise recruitment, RT Bowden has left the co-working and shared space juggernaut. Bowden told CoStar News this week he no longer serves as WeWork's Southeast enterprise business...

07/20/2018
Phillips 66's 432-Acre Site in Louisville, CO, Once Under Contract, Goes Back on the Market
A 432-acre parcel in Louisville, CO, that went under contract more than a year ago for $50 million is back on the market, owner Phillips 66 Co. confirmed. In June 2017, California-based Bancroft Capital went under contract with Phillips 66 to purchase...

07/20/2018
KDC, State Farm Insurance to Deliver Speculative Data Center in North Texas
State Farm Insurance is teaming up again with Dallas-based developer KDC to begin work on a new speculative data center, hoping to meet growing demand for data-crunching space in North Texas. The 130,629-square-foot data center is being designed for...

07/19/2018
Sterling Bay's $5 Billion Proposal for Chicago's Lincoln Yards Redevelopment Calls for Office Towers, Stadium and Concert Hall
Sterling Bay unveiled a long-awaited and sweeping proposal to redevelop almost 53 acres of Chicago industrial sites into a new neighborhood it dubbed Lincoln Yards along the Chicago River about five miles north of the downtown financial district. The...

07/19/2018
Toys R Us Crafts Settlement With Some Creditors
Roughly two weeks after it closed all its remaining stores, Toys R Us has reached a settlement with a group of its creditors following what it described as "months of intense, hard fought, arm’s-length negotiations." The failed toy retailer, which...

07/19/2018
Phillips Edison's $6.3B Merger With Its REIT to Expand Access to Capital Markets
Crosscreek Village in St. Cloud, FL, acquired by Phillips Edison Grocery Center REIT II in 2016.The proposed $6.3 billion merger of Phillips Edison & Co., one of the largest owners and operators of grocery-anchored shopping centers across the U.S., and...

07/19/2018
Loan Servicers Jockey for Position Amid an Increased Likelihood of Future Real Estate Market Distress
110 E. Broward in Fort Lauderdale was one the key deals this year controlled by a special servicer and sold to a private equity firm. The deal announced this week that private equity firm Stone Point Capital plans to buy Sabal Capital Partners, a small...

07/19/2018
Clayco's CRG Bets Big on Atlanta Industrial with 560-Acre Megasite Project
Clayco is betting most of the Southeast's industrial inventory is inadequate for today's e-commerce companies, so it's creating a new regional prototype as online shopping creates unprecedented demand across the country. To this point, Clayco's private...

07/19/2018
Lineage Logistics Gets $700 Million Infusion, Reflecting Investor Interest in Refrigerated Warehouses
Image credit: Lineage Logistics LLC. As the investment market for cold storage space is reaching new peaks, a duo of private capital funds is investing $700 million into Lineage Logistics, the country's second-largest owner and operator of refrigerated...

07/19/2018
Chicago Industrial Market, the Nation's Biggest, Flexes Its Muscle With Whirlpool Site Sale
Chicago’s industrial property market, the nation's biggest, is showing its strength with the sale of a Whirlpool distribution center in Joliet, IL, to Nuveen Asset Management, the region's largest sale of its kind in three years. The $71.5 million...

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