Staff and Wire Reports

Cleveland-based Developers Diversified Realty (NYSE: DDR) and Atlanta-based JDN Realty Corp. (NYSE: JDN) have entered into a $1.02 billion merger agreement, based on Friday, Oct. 4 closing prices, $584 million in...

Westfield America Trust (WFA) and British-based Prudential plc announced today that they have entered into a letter of intent for Westfield America to acquire a 50% interest in Fashion Square Sherman Oaks in Los...

New York-based Insignia/ESG has hired two pros formerly with Cleveland-based The Richard E. Jacobs Group, the nation’s largest privately held shopping center development and management firm, to head up its mall...

Thor Equities has acquired Military Circle Mall and Doubletree Club Hotel in Norfolk, Va. for $51.5 million. The seller was JP Morgan Chase...

NAI, one of the nation’s largest brokerage firms, and Commercial Real Estate Solutions (CRES) LLC have formed a joint venture to grow their brokerage operations. The deal creates NAI Commercial Real Estate Solutions...

Crescent Real Estate Equities Co. and a fund managed by JPMorgan Fleming Asset Management have acquired Miami Center, a 780,000 sq. ft. office tower in downtown Miami...

FCL Builders Inc. has completed a 325,461 sq. ft. distribution/warehouse facility for Ridge Realty Group in Aurora, Ill. The price was undisclosed...

Northbrook, Ill.-based Arthur Goldner & Associates has purchased the National City Plaza office tower in Columbus, Ohio, for $40 million. The 487,898 sq. ft. tower is home to National City Bank, Deloitte &...