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CoStar's People of Note (July 27 - Aug. 2)
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: Atlanta, Dallas / Ft. Worth, New York City, Baltimore, Raleigh / Durham...

Metro Phoenix Multifamily Portfolio Sold for $168.5M
Scottsdale-based P.B. Bell Asset Management, Inc. teamed up with Stonecutter Capital Management LLC in the acquisition of a multifamily portfolio totaling 2,759 units in metro Phoenix. Standard Portfolios Asset Management Co. sold the seven buildings...

New York REIT To Acquire Twitter’s Manhattan HQs
If he had a Twitter account, Nicholas S. Schorsch this morning could well tweet #gottcha. Schorsch’s New York REIT Inc. struck a deal to acquire Twitter's East Coast headquarters in Manhattan at 245 and 249 West 17th St. in New York's Chelsea neighborhood...

RadioShack Begins Fight for its Life in San Francisco
As part of its commitment to reinvigorate its stores and bring innovative products to market, RadioShack is opening 21 new interactive remodel stores in the San Francisco Bay area. The stores provide an updated shopping experience to RadioShack customers...

AmREIT Spurns Regency Centers’ Bid, Seeks Offers from Other Suitors in Exploring Strategic Alternatives
AmREIT Inc. has decided to explore strategic alternatives rather than accept an unsolicited offer from rival Regency Centers Corp. at $22 per share. AmREIT is a 29-year-old equity real estate investment trust focused on neighborhood and community shopping...

Natixis Finalizes 128,000-SF Lease Deal to Kick-off Construction of New Back Bay Office Tower
Paris-based Natixis Global Asset Management made its plans to relocate its U.S. corporate headquarters from 399 Boylston St. to the proposed 888 Boylston St. development in Boston's Back Bay official this week. After signing a letter of intent earlier...

Portland’s Lloyd Center to Get $50M Renovation
Lloyd Center management company Cypress Equities will launch a major redevelopment of the historic old shopping center near downtown Portland, with a new pedestrian gateway, refreshed entrance points and a top-to-bottom facelift of the interior and exterior...

Windstream To Spin Off Assets Into Publicly Traded REIT
Windstream, a provider of advanced network communications, announced plans to spin off certain of its telecommunications network assets into an independent, publicly traded real estate investment trust (REIT). The transaction would allow Windstream...

MetLife, Norges Pay $561M for One Beacon Street
Norges Bank Investment, manager of Norway's sovereign-wealth fund, has made another big play in U.S. commercial property. Norges and its joint-venture partner MetLife, Inc. acquired One Beacon Street, a 1.02 million-square-foot office building in Boston...

The Vermont Sells for $283M in LA's Koreatown Neighborhood
A joint venture of Capri Capital Partners LLC and TruAmerica Multifamily LLC have acquired The Vermont, a newly-built, 464-unit high-rise complex at 3150 Wishire Blvd. in Los Angeles, CA, from developer J.H. Snyder Company and Washington Capital Management...

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