SL Green Realty Corp. announced that it has closed on the previously announced acquisition of New York City’s Park Avenue Tower for $730 million. Located at 65 East 55th Street in Midtown Manhattan, the property is a 36-story, 621,824-square-foot office building...
Indiana Gov. Mike Braun is campaigning to bring the Chicago Bears out of Illinois and into his state. WLS reports the governor raised the potential of luring the NFL team during his State of the State address on Wednesday, positioning Indiana as a perfect home for the...
The Inland Real Estate Group LLC, the Oak Brook, Illinois-headquartered commercial real estate investment, finance and operating firm, has announced the appointment of Matthew Fries as CEO and president of Inland Real Estate Investment Corporation. In his new role,...
Nashville-headquartered Vanderbilt University announced plans to establish an academic presence in San Francisco through the acquisition of the campus of the California College of the Arts (CCA). The financial aspects of the deal were not disclosed. CCA is planning to...
Cross Ocean Partners, a global asset management platform, has partnered with CP Group, a commercial real estate focused on Sunbelt markets, to acquire an eight-building office portfolio in the Orlando metro area for $96 million. The portfolio encompasses a total of...
The Aldi discount supermarket chain has announced plans to open more than 180 stores by the end of the year. The new plans include the first Aldi store in Maine, along with continued growth in Southeast and West markets plus the opening of three new distribution...
