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Exclusive: Triple Five To Acquire Prime Beverly Hills Site
Rendering of the One Beverly Hills project for Wanda Group. Triple Five Group Ltd., the Canadian developer of the Mall of America, is under contract to buy one of the prime development sites in Beverly Hills, California, from China-based conglomerate...

Foreign Investor Closes On Its Biggest U.S. Industrial Deal to Date
Investcorp has purchased 56 industrial properties in seven U.S. markets for $300 million. A Bahrain-based global investor with $22 billion in assets closed on its biggest U.S. industrial portfolio yet, giving the firm another 4.5 million square feet...

Sears Holdings Store Closings to Slow in Coming Months
Pictured: Eddie Lampert, CEO of ESL Investments and Sears Holdings Corp.Courtesy: Sears.Sears Holdings said the amount of closings of its Sears and Kmart stores may ease as the national retailer takes other aggressive measures amid what Chief Executive...

Pebblebrook to Sell $1.72 Billion in Hotel Assets to Help Cover $5.2 Billion Purchase Price of LaSalle
Pebblebrook already has agreed to sell three LaSalle properties for $715 million, including Park Central New York, and expects to unload as much as $1 billion in assets.Pebblebrook Hotel Trust Chief Executive Jon Bortz’s plans to bring the two luxury...

Chicago’s $1 Billion Historic Union Station Redevelopment Gets a New Look
New plans for Chicago’s Union Station redevelopment call for a 50-story office tower next door in lieu of a maligned boxy structure atop the original building; Photo credit: Goettsch Partners. Developers removed a proposed boxy modernist structure...

Transwestern Adds Bertrand to Chicago Agency Leasing Team
Transwestern bolstered its agency leasing team in Chicago with the addition of former MB Real Estate broker Kathleen Bertrand as a senior vice president. Bertrand brings 14 years of commercial real estate experience to the firm. In her career, she...

Mesirow Financial Raises $567 Million for Third Real Estate Value Fund
Mesirow Financial Real Estate Value Fund III's most recent buy in May was the 293-unit Landing Double Creek in Austin for $42.5 million. Mesirow Financial has raised $567 million for its third real estate value fund, pulling in about 30 institutional...

Takeda Exit Creates High-Profile Vacancy in Chicago’s ‘Pharma World’
Takeda Pharmaceuticals announced plans to relocate its U.S. headquarters from Deerfield, Illinois, to the Boston area.Takeda Pharmaceuticals, which has been trimming its Chicago-area headquarters for a few years, will make the final cut in the coming...

Iowa Pension Fund Invests in Chicago’s Burgeoning South Loop
An Iowa pension fund has snapped up a retail center in Chicago’s South Loop near an underused waterfront area that could see a massive transformation. The Iowa Public Employees Retirement System paid Highland Park, Illinois-based Tucker Development...

Carlyle Group Raises $5.5 Billion for Eighth U.S. Real Estate Fund, Exceeding Target
The Carlyle Group purchased the 144-unit Brookside Apartments in Boulder, Colorado, earlier this year for $51 million. Global alternative asset manager Carlyle Group's eighth U.S. real estate fund, focused on opportunistic targeted investments across...

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