Kraus-Anderson Copmanies, Inc. and Ellion Real Estate Investments purchased the City Place campus at 8500 State Farm Way in Woodbury, MN for $12 million, or about $29 per square foot, from State Farm Mutual Automobile Insurance Company. The mixed-use business campus is zoned GW and located on 100 acres in Washington County. The property is […]

Clearfield, Inc. signed a 70,771-square-foot lease at 7050 Winnetka Ave. N in Brooklyn Park, MN. The single-story, 142,290-square-foot Interstate North Distribution Center II building will be complete in 2015. The Tom Hauschild of TEGRA Group represented the tenant. Peter Mork, Steven Nilsson, and Jason Simek with Colliers International represented the landlord, First Industrial Realty Trust, […]

Confirming rumors and reports that have been floating around the industry for several weeks, a group led by private-equity giant TPG Capital has agreed to acquire U.S.-based Cassidy Turley and combine it with its previously acquisition target DTZ to form what could become the world’s third-largest CRE services company. Cassidy Turley agreed to sell the […]

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: Northern New Jersey, Los Angeles, Seattle, Long Island, New York City, Westchester / Southern Connecticut, Houston, South Florida, Orlando, and Tampa / St. Petersburg. NORTHERN NEW JERSEY […]

Washington Prime Group (NYSE:WPG), a retail REIT formed earlier this year as a shopping center spin-off from mall giant Simon Property Group (NYSE: SPG), agreed to acquire mall owner Glimcher Realty Trust (NYSE: GRT) in a deal valued at approximately $4.3 billion, including debt assumption. The combination will consolidate ownership of 68 million square feet […]