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07/17/2018
A Chunk of Target's HQ Complex in Minneapolis Goes Up for Sale
Jones Lang LaSalle appears to be marketing a 499,000-square-foot, 12-story building in downtown Minneapolis that is home to a portion of Target Corp.’s main office. A newly created website for the listing at 950 Nicollet Mall quietly went live over...

07/17/2018
Retailers Introduce Sneaker Bars, Giant Vending Machines, Curbside Service to Capture Shoppers
Nike’s new store in the upscale Melrose neighborhood of Los Angeles may provide a glimpse into the future of brick-and-mortar retail. The sports apparel company unveiled Nike Live in Los Angeles. The opening of the 4,600-square-foot store this month...

07/17/2018
Fresh From Dismantling New York REIT, Silverstein Considers Her Next Move
The Viceroy Hotel (pictured, above) at 120-124 W. 57th St. in New York City is now under contract, one of the last remaining holdings for New York REIT. Real estate executive Wendy Silverstein found herself accepting what many in the industry may call...

07/17/2018
Japanese Furniture Company Aki-Home Plans 100 New Stores Across the Country
Aki-Home opened its flagship store in the Ontario Mills Mall in Ontario, CA, in May.Japanese furniture retailer Aki-Home plans to build as many as 100 stores across the United States in the next 10 years, seeking to gain a larger share of the expanding...

07/17/2018
Army Futures Command Headquarters May Lure Defense Contractors to Austin, Texas
The UT System Board of Regents voted to provide the U.S. Army with space in the UT System building at 210 W. Seventh St. in downtown Austin.The U.S. Army's choice of Austin, Texas, for its new Army Futures Command headquarters brings 500 jobs into the...

07/17/2018
New Opportunistic and Multifamily Funds Help Reheat Real Estate Private Equity Market
One of Taconic Capital's latest investments was the mortgage securing JPMorgan International Plaza in Dallas. Private equity fundraising for real estate shows signs of heating up again in July after a slower pace in the second quarter. Firms raising...

07/17/2018
Medical Office Provider Tests the Market for Nationwide Shared Work Spaces for Doctors
The medical office building at 8901 Activity Rd. in San Diego, owned by Medicus Property Group, which also houses the main office of WeShareMD Inc. San Diego has specialty co-working spaces geared toward lawyers, women entrepreneurs and biotech professionals...

07/17/2018
Stone Point Capital To Acquire Sabal Capital Partners
Pat Jackson, Sabal Capital Partners founder and chief executive. Image credit: Sabal Capital Partners Stone Point Capital, a financial services-focused private equity firm, plans to acquire Sabal Capital Partners, a diversified financial services firm...

07/16/2018
Avison Young Gets $250 Million Infusion from Leading Canadian Pension Fund
Caisse de dépôt et placement du Québec, one of Canada's largest pension funds, is making a $250 million preferred equity stake in commercial real estate firm Avison Young, which plans to use the cash to accelerate its plans for global growth. Avison...

07/16/2018
Hines Seeks to Demolish McDonald's 'French Fry Building' for a New Village Center in Suburban Chicago
The "French Fry" building, which formerly housed McDonald's innovation offices, has been targeted for demolition by Hines as the company looks to re-zone the site for mixed use.Hines is seeking permission to level a McDonald’s Corp. building in Oak Brook...