Showing posts with label $424M. Show all posts
Showing posts with label $424M. Show all posts

Tuesday, March 9, 2010

Inland Real Estate pays $424M for retail portfolio, Miami commercial real estate

Inland Real Estate pays $424M for retail portfolio

Sixteen shopping centers, three of which were Miami commercial real estate properties, have been purchased an arm of the Inland Real Estate Group of Cos. for $424 million.

CB Richard Ellis National Retail Investment Group represented the seller which was a joint venture between TIAA-CREF and Developers Diversified Realty.

The purchase was made on behalf of Inland American Real Estate Trust, a public, non-traded real estate investment trust.

Full Article...Inland Real Estate pays $424M for retail portfolio