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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 approximately $121 million, or about $350...

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...

Cushman & Wakefield Recruits Prabhu from JLL To Head Property Management
Continuing to build out its investor services platform, Cushman & Wakefield has hired Michael Prabhu from JLL to direct its U.S. property management operations. Based in the firm's downtown Los Angeles office, Prabhu formerly was a regional head of...

Group Led By Atlas Capital Agrees to Buy EVOQ For $357M
Downtown Los Angeles commercial property owner EVOQ Properties, Inc. has agreed to be acquired by affiliates of Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC, and USAA Real Estate Co. in a transaction valued at $357.4 million. EVOQ...

$573 Million Loss Means Another Real Estate Tune Up for Sears Holdings
More retail space changes are coming for Sears Holdings Corp., which reported a net loss $573 million for the second quarter of 2014 compared to a $194 million loss for the same period a year ago. “Our second quarter earnings are unacceptable and we...

Commercial Construction Is Back On the Drafting Board
Government statistics and the latest reports from the design and construction sectors suggest that the growing number of cranes dotting the country's CBDs and suburbs won't be leveling off any time soon. According to the latest report by the American...

Amazon Goes the Last Mile for Delivery With New 'Sortation' Centers
In 1994,’s real estate and logistics requirements fit tidily into founder Jeff Bezos’s SUV and Bellevue, WA home. "Nineteen years ago, I drove the Amazon packages to the post office every evening in the back of my Chevy Blazer. My vision...

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