Friday, January 4, 2013

Clarion Completes $155M Disposition of Waterside Shops

National Commercial Real Estate News From CoStar Group

Clarion Completes $155M Disposition of Waterside Shops

Clarion Partners LLC, a leading real estate investment manager working on behalf of the Oregon Public Employees Retirement Fund (OPERF), has divested the fund's 50-percent interest in Waterside Shops, a luxury retail center located at 5355-5555 Tamiami Trl. N in Naples, FL, for $155 million, valuing the center at $922 per square foot, less assumed debt.

Waterside Shops, built in 1992, is an open-air mall located in the Pelican Bay / North Naples...

Cassidy Turley Adds CLW To Expand Footprint In Florida and Points Beyond

Tampa-based CLW Real Estate Services Group became the latest former independent real estate firm to join Cassidy Turley.

Under the agreement, CLW principals Doug Rothschild and Lou Varsames will become executive managing directors of Cassidy Turley, and its Tampa office will combine with CLW's existing operations, which include 20 brokerage professionals and approximately 100 total employees.

In addition to expanding its presence in Florida...

RFR Acquires Y&R Headquarters At 285 Madison

RFR Holding, in partnership with an undisclosed real estate investment fund, has acquired the property known as 285 Madison Avenue, a 26-story office building in Midtown Manhattan’s Grand Central district.

Advertising and communications agency Young & Rubicam, which is relocating, sold the 1929-vintage property for a reported $189 million. RFR, a privately held Manhattan-based owner and developer, will invest $50 million in a full repositioning...

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