Atlanta — The retail portion of Peachtree Center, a mixed-use, transit-oriented development located in Atlanta, is set to undergo large-scale renovations.
Katie Sloan
Oakpointe, Presidio to Develop $670 Million Mixed-Use Community in Covington, Washington
Covington, Wash. — A joint venture between Oakpointe Communities and Presidio Residential Capital has received unanimous approval from the City of Covington to develop LakePointe Urban Village, a $670 million mixed-use community in Covington, approximately 30 miles south of Seattle.
Triple Five, Ghermezian Family Secure $1.6 Billion Funding for American Dream Meadowlands Project in New Jersey
East Rutherford, N.J. — Triple Five Cos. and the Ghermezian family, developers of the American Dream Meadowlands project, have secured $1.6 billion in private construction financing for the project, which is under construction and scheduled to open in March 2019.
Phillips Edison to Acquire Limited Partnership, Create $4 Billion Shopping Center REIT
Cincinnati — Phillips Edison Grocery REIT I Inc. (OTC: PHLD) has entered into an agreement to acquire the real estate assets and third-party asset management business of its sponsor firm, Phillips Edison Limited Partnership (PELP), in a stock and cash transaction valued at roughly $1 billion.