The latest tenants to join The Towers at Wildwood’s tenant roster are HITT Contracting and Primrose School. Other notable tenants include Thomas Horstemeyer, IBM, The Kellen Co. and General Electric.

CBRE negotiated two new leases at The Towers at Wildwood, a Class A office complex totaling 716,484 square feet in Atlanta’s Northwest submarket. The towers have reached 90 percent occupancy with the addition of the latest tenants.

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The 106-acre site is currently undeveloped, except for two agricultural buildings, a gravel parking area and gravel roads. True North Data is currently awaiting approval from the Loudoun County Board of Supervisors.
Compass Datacenters has been watching its proposal for True North Data, a 750,000-square-foot data center in Loudoun County, Va., work its way through the Loudoun County Planning Commission since September, according to the Loudoun Times-Mirror, and now the Washington, D.C.-area project is in the hands of the Loudoun County Board of Supervisors. The Board was expected to rule on the developer’s rezoning request on Wednesday evening, November 15…
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  • Coinbase will store digital coins for institutional investors
  • The firm estimates there’s $10 billion waiting on sidelines

Coinbase, one of the most popular digital-coin exchanges for retail investors, has its eye on institutional cash looking for a way into cryptocurrencies…

Bitcoin Exchange Wants to Be Digital Safe House for Hedge Funds

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Starwood Capital Group has extensive renovation plans for Wells Fargo Center to bring it back to its former status as one of the most iconic Class A office towers in Portland. CBRE and Kidder Mathews will lease the tower.
Starwood Capital Group has acquired Wells Fargo Center, a 40-story skyline office tower and an adjacent five-story former data processing building in downtown Portland, Ore., from Wells Fargo. Together, the deal amounts to a little more than 725,000 square feet of Class A and creative office space…
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The global real estate services firm released its 29th edition of its Main Streets Across the World report, which tracks 451 of the top retail streets, ranking the most expensive in 68 countries by their prime rental value.
Despite negative headlines about store closings, smaller footprints and the impact of online retailing on brick and mortar locations, global retail— particularly on the world’s high streets—continues to have many bright spots, according to Cushman & Wakefield…
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  • Gundlach ‘appalled’ by continuation of carried interest break
  • Tax bill will help small fraction of population, he says

Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said the congressional tax plan would expand the federal deficit and help a small fraction of the U.S. population, including hedge fund managers.

“I’m very disappointed incidentally about the shape of this tax cut that is being proposed,” Gundlach told a gathering of industry participants at the Drake Hotel in Chicago on Wednesday. “I am just appalled that we are going to continue to have a carried-interest scheme for hedge funds.”…

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The asset is located along Interstate 88 in Naperville, Ill., and offers convenient access to one of the largest office concentrations outside Chicago.

CBRE Hotels brokered the sale of a 99-key Country Inn & Suites in Naperville, Ill. on behalf of the seller, Hospitality Properties Trust. Renovation work is expected to start at the property.

The hotel is located at 1837 Centre Point Circle, just off Interstate 88 and provides easy access to a variety of local attractions and entertainment options such as the Naperville Riverwalk, the Morton Arboretum, All Seasons Ice Arena, Frontier Park and the Naperville Polo Field. The city also hosts one of the largest clusters of office concentrations outside Chicago, with employers such as Coriant, Navistar, Nokia and Chevron signing the tenant roster…

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The company expects to spend approximately $7 million to $9 million in capital improvements over the next two years. This off-market transaction will bring Summit’s year-to-date acquisition activity to nearly $600 million.

Summit Hotel Properties Inc. has agreed to acquire four hotels totaling 652 guestrooms for an aggregate price of $164 million, or about $252,000 per key, Summit announced Monday…

Summit to Buy Four Hotels for $164M

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  • Austrian startup uses hydropower to mint ethereum and bitcoin
  • Electricity consumed to mine bitcoin rose 43% since October

A green-energy startup says it can solve bitcoin’s surging electricity consumption without boosting pollution, an issue threatening to halt the meteoric rise of the virtual currency…

This Cryptocurrency Miner Says It Solved Bitcoin’s Power Problem

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Hernando Self-Storage was built in January 2017 and features 329 climate-controlled units. The facility will be managed by Absolute Storage Management.

Hernando Self Storage LLC has opened Hernando Self-Storage, a 329-unit state-of-the-art, self-storage facility in Hernando, Miss. Absolute Storage Management will manage the facility, which is the ninth property managed by the firm in the state and the first in Hernando.

Located at 2795 McIngvale Drive, Hernando Self-Storage is less than 30 miles away from Memphis via interstates 55 and 69 and the Memphis International Airport is within 20 miles. The facility, completed in January 2017, comprises 41,545 square feet and occupies 4.3 acres. Hernando Self-Storage is a gated property with drive-up access and has indoor, climate-controlled units. Other services include security cameras, on-site manager and 24-hour access…

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  • Denmark’s covered bond market, world’s biggest, holds auctions
  • Liquidity and cross-currency swaps are the real attractions

Investors in the world’s biggest covered bond market probably won’t get any respite from negative yields this year…

Investing in This $480 Billion Market Means Forgoing Bond Yield

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The world’s largest family fortune jumped $10 billion on Thursday thanks to a bounce in Wal-Mart Stores Inc. Shares of the retailer were up 8 percent as of 10:10 a.m. in New York after reporting the strongest sales gain in more than eight years. The combined net worth of AliceJimRobLukas and Christy Walton is up about a third in 2017 and is now $160 billion, according to the Bloomberg Billionaires Index

The Walton Family Just Added $10 Billion to Their Fortune

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Crowne Plaza Wailoaloa Beach will be situated ten minutes from Nadi International Airport and will offer immediate beach access to its guests. The project is slated for completion in 2020.

InterContinental Hotels Group has entered a management agreement with developers Quantum Hi-Tech Group Ltd. to build a Crowne Plaza hotel on Fiji’s East coast, in Nadi. The company claims the project will be Fiji’s largest of its kind when it will open, in 2020.

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  • Clients allege Chowaiki won’t return cash or paintings
  • The gallery’s bankruptcy filing lists debts five times assets

Paintings by Marc Chagall, Wassily Kandinsky and the Italian surrealist Giorgio de Chirico were allegedly used by a New York art dealer to lure investors and collectors into paying hundreds of thousands of dollars for works he never owned or didn’t have a right to sell…

Bankrupt Manhattan Art Gallery Accused of Defrauding Clients

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  • Allegation comes at court hearing in Manhattan court
  • Patriarch lawyer disputes Zohar funds’ claim over secret cash

After being cleared of wrongdoing in a case by the U.S. Securities and Exchange Commission, New York financier Lynn Tilton faces new claims over how she ran her distressed companies in a lawsuit by three funds she once created and managed to raise money for her portfolio…

Lynn Tilton Accused of Withholding Funds After Portfolio Defaults

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The first of three planned buildings opened on Wilhelm-Fay Street, approximately three miles from downtown Frankfurt. The new site will be connected via dark fiber to Digital Realty’s existing facility in the city.

Digital Realty opened a new facility on its nine-acre campus in the Sossenheim district of Frankfurt, Germany. The first of three planned buildings delivers nine megawatts of critical IT power distributed across its three floors, with two 10,000-square-foot data suites per floor. The building is designed to provide three megawatts of IT power at cabinet level, from a 2N redundant UPS system. An ancillary space of 60,000 square feet will also be available, with offices, de-box rooms, test rooms and dedicated plant areas.

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Eddie Lampert is famous for being an influential hedge-fund manager and the chief executive officer of Sears Holdings Corp., a company where he’s also the top investor.

But his fellow hedge-fund honchos are backing a different department store: Kohl’s Corp…

Kohl’s Is the Department Store of Choice for Hedge-Fund Managers

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  • Service to start in Toronto and Vancouver, expand in 2018
  • Grocer also continues to expand ‘click-and-collect’ offering

Loblaw Cos. will start offering home delivery in a partnership with startup Instacart Inc. as Amazon.com Inc. heightens competition among groceries retailers…

Loblaw Gives In to Home Delivery With Instacart Partnership

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VEREIT may receive up to $200 million, comprised of $120 million cash at closing and as much as $80 million in fees to be paid under a six-year service agreement based on Cole’s future revenues.
When commercial real estate veteran Glenn Rufrano took over as CEO of American Realty Capital Properties Inc., now VEREIT Inc., in April 2015, one of his priorities in turning around the net-lease leader was restoring the brand value of its investment management arm, Cole Capital. The company had just been shaken by an accounting scandal…
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The proposed deal would net shareholders $23 per share and BPY units. The official proposal was submitted to the board of directors on Nov. 11.
Brookfield Property Partners L.P. (BPY), has made a $14.8 billion proposal to purchase all the outstanding shares of common stock of GGP Inc., other than the 34 percent of shares BPY and its affiliates already own…
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  • Blackstone GSO proposal is said to have credit-event trigger
  • Unusual jump in home-builder’s CDS indicates default risk

The credit derivatives market is treating New Jersey’s largest homebuilder as if it’s about to default, even as its stocks and bonds show no signs of panic…

A High-Stakes Hedge Fund Battle Erupts Over Hovnanian Debt

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  • Japanese group to invest in new city, Saudi Electricity
  • Masayoshi Son has been deepening his ties with the kingdom

SoftBank Group Corp. plans to invest as much as $25 billion in Saudi Arabia over the next three to four years as the Japanese company run by Masayoshi Son deepens investment ties with the kingdom, according to people familiar with the matter…

SoftBank Plans Up to $25 Billion in Saudi Investments

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In a transaction arranged by Transwestern, a Dallas-based group sold the two-story Winter Springs Town center, which is anchored by Publix.
Phillips Edison & Co. has bought a 115,767-square-foot retail plaza located at 1160 E. State Route 434 in Winter Springs, Fla. The Winter Springs Town Center is a two-story property anchored by Publix. Transwestern Managing Director John Bell represented the seller, a Dallas-based group…
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Investors in high-yield real estate now have a way to compare their returns and performance against an industry-standard benchmark, thanks to John B. Levy & Co.’s creation of the first mezzanine loan index.

Indexes proliferate in financial markets as a way for investors to benchmark investment strategies and manager performance. The commercial real estate market is no different, as there are multiple indexes that measure the performance of public and private real estate, property types, different geographies and investor strategy.

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  • William Franke says bare-bones service is winning strategy
  • Franke’s Indigo Partners seals largest deal for Airbus planes

At 80 years old, the self-proclaimed father of the ultra-discount airline model is still swinging for the fences, stealing the spotlight at this year’s Dubai Air Show with the biggest order ever placed for Airbus SE commercial aircraft…

Investor Who Skirted ‘Path to Hell’ Lands a $50 Billion Jet Deal

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Live by technology shares, die by technology shares. Unless you can guard against declines.

Hedge funds are increasing short bets on tech stocks, especially in the U.S., where combined positioning shows managers the least reliant on American technology firms in nine months, according to data from Credit Suisse Group AG’s prime services. The worldwide view also reveals newly added bearish wagers while long positions have remained steady…

The Hedge Fund Love Affair With Tech Is Souring

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Michael Hein has joined KAI Design & Build’s St. Louis office. In his new position, he will be responsible for driving the firm’s strategic initiatives.

KAI Design & Build recently added Michael Hein as its new chief integration officer. In his new role, Hein will focus on driving the firm’s strategic initiatives. Based in the firm’s St. Louis headquarters, he will also be responsible for incorporating new communication and operating systems within the company.

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Canadian home sales climbed for a third straight month in October, the longest string of increases in more than a year as Toronto shows signs of bottoming out…

Canadian Home Sales Rise as Toronto Shows Signs of Bottoming Out

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  • U.S. buyout fund emerges as a top shareholder of Deutsche Bank
  • Cerberus had taken a 5% stake in rival Commerzbank in July

Deutsche Bank AG and Commerzbank AG surged after it emerged that private-equity firm Cerberus Capital Management is a top shareholder at Germany’s two biggest banks…

Private Equity Giant Cerberus Emerges as New Deutsche Bank Shareholder

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Comprising 378 guestrooms, the three-asset portfolio was subject to 10-year, fixed-rate loans. Vista Investments previously completed renovations at the properties.
Sonnenblick-Eichner Co. has arranged three long-term, fixed-rate loans totaling $35.4 million for the refinancing of Best Western Plus Hotels located in Sacramento, Calif. and San Diego. The firm secured $15 million in first-mortgage debt for the 100-key Best Western Plus Truckee-Tahoe hotel and a separate non-cross-collateralized $7 million loan for the 105-key Best Western Plus Rancho Cordova in the Sacramento area. Sonnenblick-Eichner also arranged a $13.4 million leasehold first-mortgage financing for the 173-key Best Western Plus Marina Gateway in National City, Calif…
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The battle over whether an 800-foot condo tower planned for Manhattan’s East Side can be built to its full height took a step forward Wednesday — with city officials saying both yes, and no…

NYC Condo Skyscraper’s Builder Wins a Round — With a Catch

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  • Global stocks index is down over the past five trading days
  • S&P 500 pares losses, still closes lower; dollar trades flat

The retreat in Asian stocks from historic highs triggered by concerns about outsized gains took a pause on Thursday. Australian bonds climbed after a rally in Treasuries spurred in part by the global equities sell-off…

Stock Slide Pauses in Asia; Aussie Bonds Advance: Markets Wrap

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Home Depot Inc. isn’t buying the real estate industry’s claims that a provision in the House Republicans’ tax plan to reduce the mortgage-interest deduction would cause U.S. home prices to plummet…

Home Depot Says Slashing Tax Deductions Won’t Hurt Housing Boom

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The upgraded hotel will feature restored public and event spaces, 350 new guestrooms and suites, as well as 350 residences. Architectural firm Skidmore, Owings & Merrill and interior designer Pierre Yves Rochon were tapped to design the new space.

Anbang Insurance Group and AECOM Tishman have unveiled that the first phase of construction to renovate and restore Manhattan’s historic Waldorf Astoria will begin in December.

Anbang has made significant progress toward renovating the property. The development team has advanced design plans, secured permits and carefully moved, preserved and stored prized historic items, including the Cole Porter piano, the World’s Fair Clock Tower, the Kennedy Rocking Chair and the MacArthur Desk.

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CBRE represented Universal Music Group in the lease negotiation for 26,150 square feet at 250 West 57th St. in Manhattan.

After securing an 85,400-square-foot lease with The American Society of Composers, Authors and Publishers in October, Empire State Realty Trust inked a 26,150-square-foot long-term lease with Universal Music Group for an entire floor at the 250 West 57th St. office building in Manhattan. The company will now be located adjacent to its headquarters at 1755 Broadway.

Universal Music Group is home to some of music’s greatest artists, innovators and entrepreneurs. The business owns and operates a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries…

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Rick Selvala started Harvest Volatility Management to generate yield by trading S&P?500 options. His ‘iron condors’ can add returns and hedge risks.

Rick Selvala stands up from a conference room table in the Graybar Building above Grand Central Terminal and starts drawing up his play on the glass walls of the office: Sell S&P 500 index call and put spreads. Generate cash flow in a tax-efficient manner. Limit downside and liquidity risk…

If You’ve Got $5 Million to Invest, Here’s Your Volatility Play

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Gilbertsville Shopping Center is located in an area with good exposure. The Weis-anchored asset was 95 percent leased at the time of the transaction.

The Westover Cos. acquired Gilbertsville Shopping Center in suburban Philadelphia. The grocery-anchored shopping center was marketed by an HFF team on behalf of the seller, Brixmor Property Group. Westover bought the asset in an all-cash transaction.

The 85,576-square-foot shopping center is anchored by Weis Markets, a food retailer that has been a tenant of the building since its construction in 1976. At the time of the transaction, the asset was 95 percent leased. Other tenants include Anytime Fitness, T-Mobile, Pet Valu, Dairy Queen, Quest Diagnosis and Key Bank…

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The new owner of the 15 buildings plans substantial investments in the properties. The assets are located in Fort Myers and Bonita Springs.

Brookwood Financial Partners LLC, of Beverly, Mass., has acquired a 15-building, 421,300-square-foot office portfolio in southwest Florida for $43.2 million, or roughly $102.4 per square foot. The seller was AIG Global Real Estate, which came into possession of the portfolio in late 2012, following foreclosure actions against McGarvey Development Co., according to information provided by Yardi Matrix.

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  • New chief McDonagh forced to set aside more cash for crisis
  • Layer of executives face questions over role in episode

When Francesca McDonagh arrived to take over at Bank of Ireland Group Plc last month, she flew straight into the biggest storm to hit the organization since the financial crisis…

A Mortgage Scandal Cost Ireland’s Biggest Lender More Than $200 Million

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Endeavor Real Estate and Rios Clementi Hale Studios finalized the revamp of the lobby. The $7 million investment materialized into new facings on interior retail, bike storage and a fitness center.

Endeavor Real Estate finalized a $7 million lobby improvement at 600 Congress, a trophy building located at the corner of 6th and Congress Avenue, in downtown Austin, Texas. The 504,221-square-foot stair step designed property is situated midway between the State Capitol complex and Lady Bird Lake.

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Nov
14

When Tenants Need Space

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CPE and Kingsley Associates partnered this month to see what tenants thought about the layout in their CRE spaces.

“I need more office space. I was willing to build out office space at my expense, but I did not want to sign a seven-year lease or tear down the buildout when the current lease expired.” —Boynton Beach, Fla…

When Tenants Need Space

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Millennials get a lot of press — good and bad — but Credit Suisse reckons they should have our sympathy.

Its Global Wealth Report says those who came of age after the turn of the century have had a “run of bad luck,” and that low wealth tend to be disproportionately found among the younger age groups…

Millionaire Bankers Feel Sorry for Struggling Millennials

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Marcus & Millichap brokered the sale of Metropolitan Square, a grocery-anchored lifestyle center, in Des Plaines, Ill. The firm represented the seller and procured the buyer.

Marcus & Millichap has arranged the  sale of Metropolitan Square, a 120,983-square-foot mixed-use grocery-anchored lifestyle center in Des Plaines, Ill. The asset traded for $13 million, or $108 per square foot. The company worked on behalf of the private seller and procured the buyer…

Mixed-Use Center Sells for $13M in Chicago Suburbs

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Canada’s housing agency is seeking more data on home loans from shadow lenders, amid concern rising levels of debt aren’t being adequately tracked and may increase the risk of financial instability…

Canada’s Housing Agency Targets Shadow Lenders as Debt Ratios Rise

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Home Depot Inc. isn’t buying the real estate industry’s claims that a provision in the House Republicans’ tax plan to reduce the mortgage-interest deduction would cause U.S. home prices to plummet…

Home Depot Says Slashing Tax Deductions Won’t Hurt Housing Boom

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LaCenterra at Cinco Ranch recently changed hands. Executive Director Mark Seedorff at PGIM Real Estate’s South Region Transactions arranged the deal.
PGIM Real Estate—part of Prudential Financial Inc.—has purchased a 412,900-square-foot mixed-use retail center in Katy, Texas, for an undisclosed sum. The property emcompasses 273,522 square feet of Class A retail space and 139,378 square feet of Class A office space. LaCenterra at Cinco Ranch is a 34-acre regional retail center located on the 8,100-acre Cinco Ranch master planned community. According to PGIM, the retail space was 93 percent occupied, while the office space was 89 percent occupied at the time of the sale…
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As investors wonder whether Sweden’s housing market is headed for a correction, the country’s first mortgage fund is about to enter the $370 billion Swedish home-loan industry…

Sweden’s $370 Billion Mortgage Market Gets a New Investment Fund

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Equity products have more than 3/4 of the ETF market share Down Under

Australians can’t seem to get enough of exchange-traded products as they hunt for low cost investments. The sector posted a 39 percent jump in assets under management during the year to Oct. 31, with equity products dominating, according to data from VanEck Australia and the Australian Securities Exchange. Still, the market commands just A$33.2 billion ($25.3 billion) in assets — a drop in the ocean of the world’s $4.5 trillion ETF market…

Australians Love Equity ETFs as Market Assets Surge 39%

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Steve Jurvetson, a founding partner of one of the best-known venture capital firms in Silicon Valley and a board member of Tesla and SpaceX, is leaving the firm after it began an investigation into his behavior with women, the firm told investors on Monday.

“As of today and by mutual agreement, Steve Jurvetson will be leaving DFJ,” said a confidential letter sent to investors in the venture capital firm, Draper Fisher Jurvetson, and obtained by The New York Times…

Steve Jurvetson Quits Venture Capital Firm Amid Investigation

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The company bought the former I.C. Isaacs & Co. garment factory earlier this year and is slated to move from Canton by the end of 2018.

Supply chain automation firm Barcoding Inc. will relocate its headquarters within the former I.C. Isaacs & Co. garment factory in Baltimore’s Highlandtown neighborhood. Barcoding acquired the 31,000-square-foot building earlier this year and is relocating and consolidating several offices due to recent growth. According to public records, the Highlandtown asset last traded this August, for $685,000…

Barcoding to Relocate Baltimore HQ

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  • New law, tax add to industry woes as sales, launches decline
  • Developers predict recovery in months; analyst sees more pain

India’s property sector was already battling a slowdown last year, when Prime Minister Narendra Modi’s crackdown on cash quashed any hope of an imminent revival…

Home Price Rises Slow in India Thanks to Modi’s Cash Ban

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The company is working on the third building of High5ive, a five-property office complex located in Krakow, Poland. Construction is scheduled for completion in the first quarter of 2020.
After shelling out $56 million for phase I of Nowy Rynek, a mixed-use development in Poznan, Poland, Skanska is investing $50 million in the next building of High5ive, a five-property office complex in Krakow, Poland…
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Whitestone REIT opened the third phase of The Shops at Starwood in Frisco, Texas. Multiple retailers and restaurants will set up shop in the new space, including Beverly Hills Rejuvenation Center, Oasis Accents and Up Inspired Kitchen.

Today, Whitestone REIT held a ribbon-cutting ceremony for the opening of the third phase of The Shops at Starwood in Frisco, Texas. More than 10 retailers and restaurants will lease space at the new shopping center, including Icon Nutrition, Trend Empire and Up Inspired Kitchen…

The Shops at Starwood Expand in TX

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  • Land purchases may reach highest since 2011, Cushman says
  • Singapore finally catching up with Hong Kong’s red-hot market

A series of blockbuster land deals in Singapore this year signal the city-state’s property market is set to break out of its prolonged slump in 2018…

Singapore’s Property Market Is Set to Sizzle

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Eyzenberg & Co. arranged the construction loan for a 42,000-square-foot, oceanfront mixed-use complex located in Myrtle Beach. Several tenants are already lined up to for the development.

Eyzenberg & Co. has arranged a $22.6 million first-mortgage construction loan for the development of a three-story, 42,000-square-foot entertainment and retail center in Myrtle Beach, S.C. The company advised the borrower, Land South of MB LLC and worked with private lender Gamma Real Estate to arrange the non-recourse, 60 percent loan-to-cost financing. The development is slated for completion by April 2018.

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The sale marks the final transaction and investment exit of a 3.6 million-square-foot portfolio comprising 41 office and retail buildings located across nine states.

National Financial Realty Inc. has sold a 211,863-square-foot office building in Hillsboro, Ore., to an undisclosed buyer for roughly $39.8 million. The sale marks the final transaction and investment exit of a 3.6 million-square-foot portfolio comprising 41 office and retail buildings located across nine states.

Located at 18700 NW Walker Road, the Class A building is currently leased to Wells Fargo Bank…

NFR Sells $40M Portland-Area Office Building

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  • Money managers boost Brent-crude long positions to a record
  • Short-sellers take positions to lowest in over eight months

The Middle East is kicking things up a notch in the oil market…

Hedge Funds Add Bullish Oil Bets With Mideast Tension Heating Up

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In partnership with Insite Properties, the company is developing The Refinery, a 107,000-square-foot creative office and retail project. The property is scheduled for completion in the fall of 2018.

Northridge Capital, in partnership with Insite Properties, has broken ground on The Refinery, a 107,000-square-foot Class A creative office and retail project in Charlotte, N.C.

Northridge and its investors already own the Grinnell Water Works Building two blocks west of The Refinery site, the company purchased last year from Insite, who continues to lease and manage the property. Northridge sourced investor equity through its relationship with Cap Corp Investment Co. of Kuwait

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Evergrande, China’s leading property developer, will provide commercial facilities to the company, which is planning to add 5,000 physical stores with connections to its online presence by 2018.

Suning Holdings Group, of Nanjing, China, has completed an approximately $3 billion investment agreement with Evergrande Real Estate Group, a subsidiary of the Evergrande Group, a Fortune Global 500 company.

Evergrande, China’s leading property developer, will provide commercial facilities to Suning, which is planning to add 5,000 physical stores with connections to its online presence by 2018. The partners will also explore smart home design, property management and other priorities…

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  • Yang Yong says his private fund shows how market has evolved
  • Former pharma salesman sees slow rally at least into 2018

One of Yang Yong’s stock funds surged 304 percent in a year by investing in a handful of China’s largest companies — and he says that’s a sign of how far the market has come…

304% Gains Show Buffett-Style Investing Now Works in China

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