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LMC names new MD of business development and investor relations

by Released | Oct 1, 2019

Lennar Multifamily Communities (LMC), a wholly owned subsidiary of Lennar, the largest single-family home builder in the United States, has hired Kevin Harrell as managing director, head of business development and investor relations.
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Rosedale Center announces major expansion plans

by Released | Sep 30, 2019

Fifty years after it first opened its doors, Roseville Center in Roseville, Minn., has announced plans to significantly expand the center by redeveloping a part of the property to create new housing, a hotel, a grocery store and other new retail space.
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Nuveen: Think U.S. cities Q4 2019 outlook

by Andrea Zander | Sep 30, 2019

The U.S. economy is entering its 11th year of expansion, the longest since 1854. During second quarter 2019, the U.S. economy grew at an annualized rate of 2.1 percent and is on track to grow around 1.8 percent in third quarter 2019.
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Blackstone to buy U.S. logistics assets from Colony Capital for $5.9b

by Andrea Zander | Sep 30, 2019

Blackstone Real Estate Partners IX, an affiliate of Blackstone, has plans to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for an aggregate purchase price of $5.9 billion.
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Changes in store: Five predictions for the e-volution in retail

by Andrea Zander | Sep 27, 2019

Adaptive reuse of retail centers and malls will be the most impactful trend for retail between now and 2025, according to “Retail e-Volution: Predictions for 2025” by CCIM Institute chief economist K.C. Conway, in partnership with the Alabama Center for Real Estate at the University of Alabama.
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Paramount sells Liberty Place for $155m

by Released | Sep 27, 2019

Paramount Group has sold Liberty Place, a 172,000-square-foot office building located in the East End submarket of Washington, D.C., for $154.5 million, or approximately $900 per square foot.
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Digital to overtake in-store total share of wallet for first time

by Released | Sep 27, 2019

Entering the 2019 holiday season, consumers are evenly split on the state of the economy, with just under 50 percent feeling like the economy is doing better than it was a year ago, yet shoppers are overwhelmingly optimistic about the future, with more than 70 percent confident the economy will improve next year, according to the annual holiday report conducted by OpenX in conjunction with The Harris Poll.

Opportunity Zone Development Fund breaks ground on first project

by Released | Sep 27, 2019

Opportunity Zone Development Fund, an Arizona-based limited liability company, recently completed its land acquisition and is in the process of developing the improvement plan that must be adopted to qualify the partners’ capital to receive the Opportunity Zone Tax benefits.
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Small asset purchases in multifamily sector on pace to exceed annual average since 2010

by Andrea Zander | Sep 27, 2019

There were 1,531 small property acquisitions in first half of 2019, representing 36.7 percent of all multifamily asset purchases and revealing the scope of small asset buying, according to CBRE. However, this purchase count is conservative since a notable number of transactions were under $2.5 million and therefore not included in the total.
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KKR-backed firm sells San Jose office campus for $55m

by Andrea Zander | Sep 27, 2019

Drawbridge Realty, an independent real estate investment platform backed by KKR, has sold the 5300-5350 Hellyer Avenue office campus in San Jose to an affiliate of the Empire Square Group for $55.5 million.
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