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Blackstone To Acquire Gramercy Property Trust for $7.6 Billion

Gramercy Property Trust’s Logistics Center at DFW International Airport Continuing to view logistics as among the strongest sectors of commercial real estate, an affiliate of Blackstone Group agreed to acquire Gramercy Property Trust this morning for $ 7.6 billion. The affiliate, Blackstone Real Estate Partners VIII, will acquire all outstanding common shares of Gramercy for

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AT&T Global HQ Building, Lease in Downtown Dallas Being Pitched to Investors

AT&T could soon have a new landlord at the company’s global headquarters tower in downtown Dallas, with CBRE brokers expected to put the telecom giant’s 37-story, 965,800-square-foot tower — and, more importantly, a long-term lease by a highly rated credit tenant — on the market in the near future. AT&T’s lease, which runs through August

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Risky Business: Casinos Taking a Chance Again on Atlantic City

The Hard Rock Atlantic City is banking on the re-emergence of Atlantic City. Credit: Hard Rock InternationalPlacing their bets on a slowly rebounding local economy — and the prospects for legalized sports gambling in the state of New Jersey in the near future — investors are planning to re-open two shuttered casinos in Atlantic City

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Sale of Crescent Communities to Japanese Firm Gives US Developer a Bigger Investment Reach

Crescent Communities is developing a 302-unit apartment complex over 23,000 square feet of retail space in the Bishop Arts neighborhood in Dallas. In a move expected to bring more than $ 500 million of future real estate investment to North Carolina-based Crescent Communities LLC, Sumitomo Forestry America Inc., a subsidiary of Japan-based Sumitomo Forestry Co.

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