ARCP Intends to Sell Shopping Center Portfolio to Blackstone for $2B, plus RECON coverage

May 21, 2014

ARCP INTENDS TO SELL SHOPPING CENTER PORTFOLIO TO BLACKSTONE FOR $2B

NEW YORK — American Realty Capital Properties Inc. (NASDAQ: ARCP) intends to sell its multi-tenant shopping center portfolio for approximately $2 billion in cash to affiliates of Blackstone Real Estate Partners VII. ARCP plans to use the capital from its multi-tenant business t... More

SOUTHEAST
$1.2B ATLANTA FALCONS, MLS STADIUM BREAKS GROUND
ATLANTA — The Atlanta Falcons, along with representatives from the NFL, Major League Soc...more
MELO GROUP TO BUILD 36-STORY MELODY IN MIA...
FEDERAL CAPITAL PARTNERS SELLS APARTMENT C...
SYNCO PROPERTIES, STONECUTTER CAPITAL ACQU...
SKANSKA USA TO DEVELOP OFFICE BUILDING ON ...
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NORTHEAST
EQUUS ACQUIRES CONTROLLING INTEREST OF 288,127 SF OFFICE COMPLEX
WALTHAM, MASS. — Equus Capital Partners, through one of its affiliates, has recapitalize...more
HFF ARRANGES $27.2 MILLION CONSTRUCTION LO...
BUSSEL REALTY BROKERS 102,108 SF INDUSTRIA...
HOULIHAN-PARNES ARRANGES $14 MILLION MORTG...
19,000 SF DAVID BARTON GYM TO OPEN AT BOST...
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TEXAS
HFF BROKERS SALE OF 151,000 SF OFFICE BUILDING IN HOUSTON
HOUSTON — HFF has brokered the sale of Oak Park Office Center III, a 151,000-square-foot...more
GROUNDFLOOR, BOSTON CAPITAL PARTNER ON McK...
LEE & ASSOCIATES ARRANGES 16,500 SF INDUST...
FINIAL GROUP ARRANGES 15,000 SF INDUSTRIAL...
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MIDWEST
KWAME TO SUPERVISE TAXIWAY RECONSTRUCTION AT AIRPORT IN ST. LOUIS
ST. LOUIS — The city of St. Louis has contracted Kwame Building Group Inc. to prov...more
CUSHMAN & WAKEFIELD ARRANGES INDUSTRIAL LE...
L. MASON CAPITANI BROKERS SALE OF OFFICE C...
LEE & ASSOCIATES ARRANGES LEASE FOR TANNIN...
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WESTERN
AMAZON LEASES CHERRY LOGISTICS CENTER IN NEWARK
NEWARK, CALIF. — Amazon has leased the Cherry Logistics Center, a 575,...more
TIERRASANTA RIDGE APARTMENTS IN SAN DIEGO ...
JV BREAKS GROUND ON LUXURY APARTMENT COMPL...
MODMARKET, FIVE GUYS BUILDING IN LAKEWOOD ...
SAN DIEGO OFFICE BUILDING SELLS FOR $2.3M...
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Twin Cities Retail
Franchises Drive Uptick in Retail Leasing in the Twin Cities — 05-21-14
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Inland Empire Retail
Improvement Continues in the IE’s Retail Market — 05-20-14
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Tampa Retail
Dipping Vacancy, New Retailers Boost Tampa Retail — 05-19-14
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RECON TAKEAWAY: RETAIL IS INEXTRICABLY LINKED TO TECHNOLOGY, SOCIAL MEDIA

By Nellie Day

LAS VEGAS — Some of the nation’s largest shopping center owners and managers took a break early this week from discussing the physical attributes of their properties to focus on their technological infrastructure during RECon 2014 at the Las Vegas Convention Center.

Whil...
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