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Starwood Ups Initial Bid for Milestone Apartments REIT Buyout
An affiliate of Starwood Capital Group agreed to sweeten its offer to take Milestone Apartments Real Estate Investment Trust private through a cash-for-stock transaction. Under the revised bid announced in a joint release by the two companies, Milestone...

Targa Inks 128,000-SF Lease in Downtown Houston
Targa (NYSE: TRGP) has completed the largest office lease in downtown Houston this year after signing a long-term deal for 127,734 square feet at 811 Louisiana St. The Houston-based midstream energy and Fortune 500 company will occupy four floors in...

Flexitallic Subleases Ecodyne's Southeast Houston Facility
Flexitallic, a global supplier of industrial gaskets based in Houston, has subleased 125,000 square feet of industrial space at 8203 Market St. in Houston. The original holder of the lease was Ecodyne Heat Exchangers. The single-tenant industrial...

CoStar's People of Note (Mar. 17) - Colliers Florida Announces New Statewide Leadership, Principals Named at Lee & Associates, Next Realty
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Tampa / St. Petersburg, San Diego, Washington DC, Raleigh / Durham...

JV Secures $65 Million in Financing for Retail Component of CityCentre
Midway, a Houston-based real estate investment and development firm, and L&B Realty Advisors, a Dallas-based investment advisor, obtained $65 million in interim financing for the retail component of CityCentre, a mixed-use urban development located just...

CoStar's People of Note (Mar. 10)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Santa Fe, Boston, Chicago, Orange County, Phoenix/Tucson...

UPDATED: Gander Mountain Files for Ch. 11 Bankruptcy Reorganization; To Close 32 Stores and Seek Buyer
Gander Mountain Co., which operates 166 outdoor equipment and sporting goods supercenters, has filed voluntary petitions for debt relief under Chapter 11 of the US Bankruptcy Code. In doing so, the company has identified 32 underperforming stores...

Gemini Rosemont Changes CEOs as Part of Planned Transition
As part of a planned senior management transition, Santa Fe-based Gemini Rosemont Realty, LLC promoted its current chief operating and chief investment officer Don Henry to CEO, succeeding Michael E. Mahony, who will move to the newly-created position...

Spear Street Capital Acquires Former ExxonMobil Research Campus in Houston
Spear Street Capital, a San Francisco-based real estate investment company, has purchased the former ExxonMobil campus at 3120 Buffalo Speedway in Houston in order to develop a major mixed-use project. Currently, the 16.88-acre infill tract supports...

Greystone Rolling Out its First CMBS Offering
Greystone, a New York-based multifamily and health care finance firm, is preparing to roll out its first loan securitization offering. A subsidiary, Greystone Bridge Holdings Inc., will be offering a commercial mortgage backed securities offering called...

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