Kennedy Wilson Claims Five-State MF Portfolio for $342M

Kennedy Wilson Claims Five-State MF Portfolio for $342M

Beverly Hills, CA-based Kennedy Wilson acquired five multifamily properties in an off-market transaction with an undisclosed seller for $342 million. The assets were acquired by various investment vehicles managed by Kennedy Wilson. The communities, located in...
CREXi Completes $63M Las Vegas Portfolio Auction

CREXi Completes $63M Las Vegas Portfolio Auction

Marina Del Rey, CA-based CREXi concluded the online auction of 11 properties on behalf of Clark County, NV. Bidders in the $63 million total sale included private investors, developers and multiple publicly-traded builders and REITs, with heavy competition continuing...
Clarion Acquires Reno’s Lear Industrial Center for $117M

Clarion Acquires Reno’s Lear Industrial Center for $117M

Clarion Partners LLC has acquired Lear Industrial Center in Reno, NV, for $117 million. The seller, Panattoni Development Company, originally developed the four-building, Class A, multi-tenant business park totaling 1.4 million square feet between 2005 and 2008. The...
Macy’s to close 125 stores, but none in Nevada

Macy’s to close 125 stores, but none in Nevada

Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. No Nevada stores were on the closure list. The store closures...