Chicago-based General Growth Properties (GGP), once considered one of the dominant owners of regional malls in the country, is now aiming to form a new real estate investment trust (REIT) with 35 properties it owns
As we approach the halfway mark of 2011, institutional investors have increased their appetite for commercial real estate, overtaking publicly traded real estate investment trusts (REITs) as the leading purchasers of retail and office properties in the first quarter of 2011.
Fresh findings from New York-based researcher Real Capital Analytics (RCA) points to a recent spike in hotel offerings in markets such as Chicago, Miami, and Orlando as well as tertiary markets throughout the West, Southwest, and Midwest.
If you’re not yet in the camp that believes commercial real estate investors are starting to shop for more properties in the nation’s heartland, comes word that Thomas Properties Group, one of Austin, Texas' biggest office landlords, has put the Research Park Plaza I and II office complex on the sales block.
With heightened tensions in the Middle East, foreign capital pouring into the United States and prices reaching pre-recession levels, institutional investors are hoping to achieve higher returns by exploring opportunities in America’s heartland.
Restaurant/tavern/bar chain Bar Louie plans to spend hundreds of millions of dollars expanding to more than 100 locations in 20 markets nationwide, including Dallas-Fort Worth, Austin, Houston, San Antonio, New York City, Washington, D.C., St. Louis and Chicago.
After weeks of wrangling over the proper way to claw out of bankruptcy, Dallas-based Blockbuster has finally won court approval of a plan paving the way for its sale rather than a proposed liquidation.