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CoStar's People of Note (Aug. 24 - 30)
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: Minneapolis, Long Island, Denver, Boston, Jacksonville, Baltimore...

Lease Up (Aug. 25-29) Toyota Continues U.S. Facilities Consolidation
Toyota will move forward with the planning of its new facility on the York Township, MI, campus of the Toyota Technical Center to accommodate 250 direct procurement positions currently based in Kentucky. The expansion of the TTC campus is a key element...

Office Landlord Paramount Group Files For Massive IPO
Paramount Group, Inc. on Wednesday filed a prospectus seeking to trade on the New York Stock Exchange under the symbol PGRE in what could become the largest ever publicly traded REIT initial public offering. The company, a vertically-integrated real...

KBS REIT II Sells CityPlace Tower for $150M in West Palm Beach
W.R. Berkley Corporation acquired the CityPlace Tower at 525 Okeechobee Blvd. in West Palm Beach, FL from KBS REIT II, Inc. for $150 million, or about $507 per square foot. The 18-story, 295,933-square-foot, 5-Star office was built in 2008 on 1.2 acres...

Sale of MOB, Hospital Properties Brings $283 Million to Harrison Street Real Estate
Just a few days after announcing the $520 million purchase of an 11-property seniors housing portfolio in the Northeast, Chicago-based Harrison Street Real Estate Capital has divested 12 health care properties in Florida, Texas, Nevada, Oklahoma, South...

Saks Fifth Avenue to Anchor Miami's Brickell City Centre with 107,000-SF Department Store
Leading luxury retailer Saks Fifth Avenue has signed on to anchor Brickell City Centre in Miami, FL with a 107,000-square-foot department store. Due to open in fall 2016, the lead tenant will occupy three floors with street-level access. This is the...

Clal Insurance, Waterton JV Closes on $121M Acquisition of 75 Tresser, Completing Second Largest Acquisition in Stamford This Year
Clal Insurance US, Inc. and Waterton Associates LLC have acquired the 344-unit multifamily building at 75 Tresser Blvd. in Stamford, CT from developer Greenfield Partners LLC and Post Road Residential, Inc. for $120.5 million, or about $350,000 per unit...

Life Time Fitness Exploring REIT Conversion
Life Time Fitness Inc. has initiated a process to explore a potential conversion of real estate assets into a real estate investment trust (REIT). The Chanhassen, MN-based operator of 112 health fitness centers across the country said its board of...

Burger King and Tim Hortons Cooking Up a Merger
Tim Hortons Inc. and Burger King Worldwide Inc. confirmed that they are in discussions regarding the potential creation of a global leader in the quick service restaurant business. The new publicly-listed company would be based in Canada, the largest...

Lease Up (Aug. 18-22): Duke Realty Lands Two Big HQs Assignments
ChannelAdvisor Signs for 136,500 SF of Office Space ChannelAdvisor Corp. and Duke Realty entered into a new headquarters office lease for Suites 100, 300, 400, and 500, comprising 136,538 rentable square feet of a building to be constructed by landlord...

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