Q&A: What’s Driving Mountain States Development Market?

KTGY Architecture + Planning recently tapped Bill Ramsey, AIA, NCARB, to lead the expansion of the firm’s for-sale residential practice. Based in Denver, Ramsey will manage an architecture and planning team dedicated to expanding design services for new for-sale residential developments in Colorado and the surrounding states, while complementing the multifamily and mixed-use expertise. Connect

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LaSalle Finalizes Acquisition of Latitude’s $1.2B Debt Fund Business

LaSalle Investment Management completed the majority acquisition of the $1.2 billion debt fund business of Latitude Management Real Estate Investors previously announced. Upon closing, the Latitude business will be transferred into LaSalle’s North America Private Equity platform, and be re-named LaSalle Mortgage Real Estate Investors (LMREI). LMREI President and CEO Glenn Sonnenberg and EVP Chip

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Easterly Adds EPA Regional Offices in Kansas

Office REIT Easterly Government Properties acquired a 169,585-square foot Environmental Protection Agency (EPA) regional headquarters in Lenexa, KS. Originally built in 2007, the property underwent a large renovation-to-suit for EPA in 2012, receiving LEED Gold and then LEED Platinum certification from the U.S. Green Building Council. Deal terms weren’t disclosed. The property at 11201 Renner

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Starwood Sells Leasehold in Westin Maui for $317M

April 5, 2017 A JV between funds managed by Honolulu, HI-based Trinity Investments, LLC and funds managed by Los Angeles-based Oaktree Capital Management, L.P. acquired the long-term leasehold interest in The Westin Maui Resort & Spa in Hawaii for a reported $317 million. The leasehold interest was held by an affiliate of Starwood Hotels &

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Trammell Crow’s D.C. Retail Center Recapitalized

The Shops at Dakota Crossing, a 140,000-square-foot trophy retail center in Washington, D.C., received $61 million in recapitalization. The project was developed by a Trammell Crow Company-led team that included Fort Lincoln New Town Corporation and CSG Urban Partners. Walker & Dunlop’s Jamie Butler led the structured finance team that replaced the existing construction capital stack

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Key West MXU Marina Snagged for $40M

Key West Harbour, a 13.1-acre mixed-use, luxury wet / dry slip marina facility in Key West, FL, has been sold by iStar Inc. for $39.5 million. The buyer was undisclosed. Known as America’s Southernmost Marina, the property at 6000 Peninsular Ave. is located on Stock Island, a transformative tourist enclave in Key West. Completed in

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McLaren Plans $450M Replacement Hospital in Lansing

Grand Blanc, MI-based McLaren Health Care Corp. plans to build a new $450 million replacement hospital in Lansing, MI, and expand its academic partnership on healthcare with Michigan State University. The facility will feature a 240-bed state-of-the-art hospital, cancer center, ambulatory care center and other facilities to support healthcare delivery, education and medical research on

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Duke Realty Signs 354K-SF Lease with E-Commerce 3PL in NJ

Duke Realty leased ePort 1000, a 354,250-square-foot warehouse at 1000 High St. in Perth Amboy, NJ to 4PX Express USA, a 3PL focused on e-commerce fulfillment and logistics solutions. The REIT acquired ePort 1000 in November 2017 as part of a 3.1 million-square-foot New Jersey industrial portfolio purchase that includes six completed buildings and two

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Investcorp Claims 7-Market, 4.5M-SF Industrial Portfolio for $300M

New York-based Investcorp acquired its largest U.S. warehouse portfolio, totaling roughly 4.5 million square feet, for a total purchase price of approximately $300 million. The 56 industrial properties are spread across seven metropolitan markets. The 90%-leased portfolio includes Class A and B warehouse, light manufacturing and flex buildings, across the e-commerce, manufacturing, design, wholesaling and food

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