Commercial Real Estate
Top stories summarized by our editors
2/15/2018

STORY, the New York City concept store that sports a new theme every month or two, is celebrating the Valentine's Day season with a "Love Story" theme that celebrates brands created and led by women. The shop's lineup includes jewelry from Mathematics by Marci, organic sleepwear from Skin and organic skin care ingredients from Loli Beauty.

2/15/2018

Equinix has acquired Infomart Data Centers' Infomart Dallas, an interconnection hub for the southern US, for $800 million in a debt-and-cash deal that expands its footprint in the interconnection and colocation market. The seller is ASB Real Estate Investments, which reportedly had wanted closer to $1 billion for the asset.

2/15/2018

Soros Fund Management holds 4.89% of Caesars Entertainment Corp.'s outstanding equity as of Dec. 31, 2017, according to a new regulatory filing. It also owns 7% of VICI Properties.

2/15/2018

Real estate and technology were the two top asset classes leading deal-making by sovereign wealth funds in the first half of last year and in 2016, according to the IE Business School's annual Sovereign Wealth Funds Report. Six funds made more than 70% of the transactions.

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Reuters
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IE Business School
2/15/2018

Weingarten Realty Investors has sold a 430,000-square-foot retail center in Las Vegas for $87 million. The buyer of Best in the West shopping center is Phoenix-based Vestar.

2/15/2018

"Whole cultural change" is how Kilroy Realty Corp. has maintained its sustainability programs, according to Sara Neff, senior vice president of sustainability. The REIT also has developed an Innovation Lab, which formalizes the implementation of sustainability pilot projects.

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Nareit
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Kilroy Realty, Sara Neff
2/15/2018

The National Association of Home Builders/Wells Fargo Housing Market Index remained unchanged at 72 for February and is up from 65 in the same month last year. Builder confidence is high, driven by future sales expectations.

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CNBC
2/15/2018

Tanger Factory Outlets posted a net income increase of 32% in 2017's fourth quarter, year over year, and funds from operations increased 11% during the same period, while year-end occupancy was at 97.3%, down 0.4% from 2016. Experts are concerned about the group's ability to recapture rent from short-term lease renewal, which has struggled due to tenant bankruptcies and watchlist tenants.

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Forbes
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Tanger Factory Outlets
2/15/2018

After purchasing the 512,528-square-foot Source Mall and a 210,798-square-foot anchor store in Westbury, N.Y., Lesso Mall Development Long Island says it will rebrand the property as Lesso Home New York Market. The new space will include a home furnishing showcase, along with restaurants, co-working space and community centers.

2/15/2018

The Centre in Livingston, Scotland, has unveiled a $1.4 million attraction called the HiRide that is slated to open in the spring. The adventure course will be suspended 36 feet in the air and feature a 42.6-foot climbing space, a zipline and a soft play area.

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Scotland mall