A slippery definition of “reopening,” an unlikely grant and a merger’s messy failure. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Dec. 9-13. Miss: An Unsettled Settlement. The US Department of Justice (DOJ)...
The development company VanTrust Real Estate has acquired a 32-acre parcel in West Valley City, Utah, to build four industrial warehouse buildings. The site is located just south of State Route 201 and west of Mountain View Corridor, and it is also near the Salt Lake...
Minneapolis’ 57-story Wells Fargo Center has been acquired by a joint venture between the investor groups Cross Ocean Partners, Neuberger Berman Special Situations and Onward Investors. The 1.15 million-square-foot property opened in 1987 as the headquarters of...
Real estate funds managed by Blackstone (NYSE: BX) has paid $2.6 billion to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use property, from affiliates of Seibu Holdings. The transaction is the largest real estate investment by a foreign...
The proposed merger between the supermarket giants Albertsons Companies Inc. (NYSE: ACI) and The Kroger Co. (NYSE: KR) collapsed this morning as Albertsons terminated the merger agreement and filed a lawsuit against Kroger claiming a willful breach of contract and...
The Pierre, a historic five-star hotel overlooking New York City’s Central Park, is being marketed for sale. According to a Bloomberg report sourced from unnamed “people familiar with the matter,” the landmark lodging property features 189 hotel rooms, restaurants and...
