Chicago
Kite Realty to acquire Retail Properties of America for nearly $3B
Kite Realty Group has agreed to pay $2.79 billion to add rival Retail Properties of America to its open-air...
REITS
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National Issue
How a Singaporean REIT’s mighty US hotel investment sunk
A retired British ocean liner. A decommissioned Soviet submarine. And now, a bankrupt Singaporean real estate investment trust. All...
Hudson Pacific posts profit after 2 straight quarters of losses
Hudson Pacific Properties is showing signs of recovering from the pandemic, reporting net income of $5 million in...
National
Newmark’s acquisition of Knotel is approved
A bankruptcy court has approved the sale of flex-office provider Knotel to brokerage Newmark. Newmark officials said they expected...
National
Two cannabis REITs form joint venture
As cannabis-focused real estate blossoms, two real estate firms focused on the sector will now be rolled into one. The REITs, NewLake Capital Partners Inc. and GreenAcreage Real Estate Corp., will merge to form...
National
Mall owner Washington Prime Group prepares for bankruptcy
A major mall owner is preparing for bankruptcy after it failed to make an interest payment on its debt....
Hudson Pacific office occupancy still below 25%
The 279,000 square feet of office space that Hudson Pacific Properties inked in the fourth quarter was the firm’s...
National
Essex Property Trust earnings rise in Q4, but concessions drive revenue down
California-based REIT Essex Property Trust reported an improvement in funds from operation in the fourth quarter of 2020, but...
National Issue
Net lease REITs piece together Covid strategy
What do a Target in Phoenix, a Wegmans in Chapel Hill, North Carolina, and a Marshalls-Homegoods store in California’s...
National
Open air windfalls: Shopping centers breeze past malls in their recovery
Since reopening in May, Miami’s Upper Buena Vista has seen its foot traffic surpass normal pre-Covid levels, according to...
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