Commercial Real Estate Direct Staff ReportInland American Real Estate Trust Inc. has terminated its agreement to acquire three of Feldman Mall Properties' shopping centers in exchange for preferred shares it held in the company.Last November, after suffering a sharp decline ...
Democratand ChronicleDalfen America Corp. has withdrawn from its agreement to purchasethe Kodak Park South industrial facility near Rochester, N.Y., for $18.5million.The Montreal company had struck an agreement to buy the 2.1million-square-foot property at 1600 Lexington Ave. in Greece, N.Y., from ...
By Jeff Mordock, Commercial Real Estate Direct Staff Writer Credit-market turmoil has forced Duke Realty to rejigger its plans to sell properties in Ohio's two largest cities. The Indianapolis REIT has opted to keep 2.3 million square feet of Cincinnati-area ...
By Jeff Mordock, Commercial Real Estate Direct Staff Writer Piedmont Office Realty Trust has opted to stop marketing for sale Aon Center, a 2.6 million-square-foot office building in downtown Chicago because offers fell far short of its $572 million asking ...
By Jeff Mordock, Commercial Real Estate Direct Staff Writer Two downtown Chicago office buildings, totaling 1.6 million square feet, have been pulled from the sales block, two fresh victims of the credit-markets turmoil. A venture led by Piedmont Office Realty ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
