Mack-Cali Realty Corp., a waterfront centric office and residential property owner, has sold a 56-building, 3.1 million-square-foot office/flex portfolio for $487.5 million.
Artemis Real Estate Partners has held a final close of its third value-add real estate fund, Artemis Fund III with $1.010 billion of equity commitments, exceeding its target of $750 million.
In 2019, retail completions are expected to remain on par with 2018, still at just a quarter of last cycle’s high, according to Marcus & Millichap’s 2019 Retail North American Investment Forecast report.
Tricon Capital Group and Starlight U.S. Multi-Family (No. 5) Core Fund have entered into an arrangement agreement whereby Tricon will acquire all of the issued and outstanding limited partnership units of the fund.