Company News

Hunt Cos. Acquires Majority Interest in Carter

by John Nelson July 22, 2025

EL PASO, TEXAS AND ATLANTA — Hunts Cos. Inc. has acquired a controlling interest in Carter, a mixed-use and residential real estate investment and development firm based in Atlanta. The El Paso-based firm is acquiring the majority stake in Carter and buying out longtime CEO and chairman Bob Peterson, who has subsequently announced his retirement. Current CEO and president Scott Taylor will continue to oversee the day-to-day operations at Carter post-acquisition. Terms of the transaction were not released. The partnership aims to grow Carter’s banking relationships, expand the company’s mixed-use development platform and secure additional investment opportunities in key markets. Hunt Cos. and Carter have previously collaborated on Prospect Lake Wire, a 22-acre mixed-use development underway in Lakeland, Fla., and for The DeSOTA, a luxury apartment development in Sarasota, Fla.

July 22, 2025

Company News Office South Carolina Southeast

Lima One Capital Relocates Headquarters in Downtown Greenville to 60,000 SF Office

by Abby Cox July 21, 2025

GREENVILLE, S.C. — Lima One Capital, a direct private lender specializing in financing for real estate investors, has relocated to a 60,000-square-foot office space at 300 E. McBee Ave. in downtown Greenville, which has been redeveloped by Hughes Commercial Property. Lima’s new headquarters, which is also home to Prisma Health’s corporate headquarters, STIR restaurant and Ameris Bank, will house more than 200 of its employees on the second and third floors of the building. Lima One has been headquartered in Greenville since 2011 and is relocating from its current offices at 201 E. McBee and a nearby downtown satellite location. The company had originally signed on to anchor the $1 billion Greenville County Square development but terminated its lease last fall, according to Greenville News.

July 21, 2025

Acquisitions Company News Net Lease Top Stories

Starwood Property Trust to Acquire Fundamental Income Properties for $2.2B

by Hayden Spiess July 17, 2025

MIAMI BEACH, FLA. AND PHOENIX — Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group with a core focus on real estate and infrastructure, has announced plans to acquire Fundamental Income Properties for roughly $2.2 billion. Starwood Property Trust has entered into a definitive agreement with Fundamental, a fully integrated net lease real estate owner and operator based in Phoenix. The transaction is expected to close on July 23, subject to customary closing conditions. Fundamental is currently owned by New York City-based Brookfield Asset Management. Fundamental’s portfolio totals 12 million square feet across 467 properties in 44 states. The properties feature a weighted average lease term (WALT) of 17 years, with 2.2 percent average annual rent escalations. The portfolio was fully occupied by 92 tenants across 56 industries at the time of the agreement with Starwood. As part of the acquisition, Starwood will assume Fundamental’s existing financing facilities, which total $1.3 billion, including $900 million of asset-backed security debt. Starwood plans to fund the remainder of the purchase price with a combination of cash and debt and equity capital. Fundamental’s management team, which comprises 28 employees, will be retained by Starwood Property Trust. BofA …

July 17, 2025

Company News Data Centers Industrial Leasing Activity Northeast Pennsylvania Top Stories

CoreWeave to Invest $6B for AI-Based Data Center in Lancaster, Pennsylvania

by Abby Cox July 16, 2025

LANCASTER, PA. — CoreWeave (NASDAQ: CRWV), a New Jersey-based data center owner-operator, plans to invest “more than $6 billion” in a new purpose-built artificial intelligence (AI) data center in Lancaster, about 80 miles west of Philadelphia. CoreWeave plans to lease the site, which will be co-developed by Chirisa Technology Parks and Machine Investment Group. Located at 216 Greenfield Rd. and 1375 Harrisburg Pike, the Lancaster facility will replace the former LSC Communications and R.R. Donnelley printing plants, which comprises a combined 1.5 million square feet of industrial space across 144 acres, according to Lancaster Online. The data center will have the capacity to consume 100 megawatts (MW) of power, with the potential to expand to 300 MW, representing one of the first large-scale data centers of its kind in the region, according to CoreWeave. CoreWeave’s announcement came during the CEO roundtable with President Donald Trump at Senator Dave McCormick’s inaugural Pennsylvania Energy and Innovation Summit, hosted at Carnegie Mellon University in Pittsburgh. “This Energy and Innovation Summit is a powerful testament to Pennsylvania’s readiness and ability to lead — to generate thousands of good-paying jobs, to unleash our incredible energy resources and to power the next AI and economic revolution, further …

July 16, 2025

Acquisitions Company News Missouri New York Top Stories

BlackRock to Acquire Net-Lease Industrial Investor ElmTree Funds

by Hayden Spiess July 7, 2025

NEW YORK CITY AND ST. LOUIS — New York City-based investment manager BlackRock Inc. (NYSE: BLK) has announced plans to acquire net-lease real estate investment firm ElmTree Funds. BlackRock has entered into a definitive agreement with ElmTree, which has $7.3 billion in total assets under management as of March 31. The transaction is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions. Established in 2011 and based in St. Louis, ElmTree owns and operates real estate properties, with a focus on single-tenant, build-to-suit industrial assets. ElmTree’s portfolio includes investments in 122 properties across 31 states. Additionally, ElmTree’s portfolio includes six office locations. BlackRock’s upfront consideration will be paid primarily in stock, with the potential for additional consideration subject to ElmTree Funds’ performance over the next five years. Additional financial details were not disclosed. Upon closing of the deal, ElmTree will be integrated into Private Financing Solutions (PFS), a new platform created through BlackRock’s combination with HPS Investment Partners. (BlackRock completed its acquisition of investment firm HPS earlier this month.) “The net lease market is estimated at $1 trillion, and our continued belief in the industrial build-to-suit model is rooted in the mission-critical …

July 7, 2025

Acquisitions Company News Mixed-Use Retail Southeast

Simon Acquires Majority Interest of Shops at Brickell City Centre in Downtown Miami for $512M

by Abby Cox July 1, 2025

MIAMI — Indianapolis-based mall giant Simon Property Group has acquired the remaining interest of the retail and parking component at Brickell City Centre, a 5.4 million-square-foot mixed-use development in downtown Miami. Swire Properties Inc. sold the majority 75 percent stake in the property’s 500,000-square-foot retail portion for $512 million, according to several media outlets. Simon had previously owned a 25 percent, non-managing interest in The Shops at Brickell City Centre. Following the transaction, Simon is now the sole owner and manager of the property’s retail and entertainment component. Completed in 2016, The Shops at Brickell City Centre comprises four four-story buildings across three city blocks. Anchored by SAKS Fifth Avenue, additional retail tenants at the center include Apple, Chanel Fragrance & Beauty Boutique, Coach, lululemon, Sephora, Zara and Nike. The property also features a multi-level food hall and entertainment venues including CMX and PuttShack.

July 1, 2025

Company News Michigan Midwest New Hampshire Northeast Retail Top Stories

C&S Wholesale Agrees to Acquire SpartanNash in $1.8B Grocery Merger

by Taylor Williams June 23, 2025

KEENE, N.H. AND GRAND RAPIDS, MICH. — C&S Wholesale Grocers, a New Hampshire-based food supplier whose brands include Piggly Wiggly and Grand Union, has agreed to acquire Michigan-based SpartanNash (NASDAQ: SPTN), owner of brands such as Our Family and Full Circle Market, in a merger valued at nearly $1.8 billion. The figure represents a purchase price of $26.90 per share of SpartanNash common stock in cash and includes the assumption of SpartanNash’s existing debt. The price marks a 52.5 percent premium over the company’s closing price of $17.64 per share on June 20 and a premium of 42 percent over the company’s 30-day volume-weighted average stock price as of that date. The merger, which has been unanimously approved by both companies’ boards of directors, is expected to close before the end of the year. Upon closing, the new company will operate more than 200 corporate-run grocery stores and almost 60 complementary distribution centers throughout the country. The distribution centers will supply more than 10,000 independent retail locations. “For our customers, this transaction creates the necessary scale, efficiency and purchasing power needed to enable independent retailers to compete more effectively with larger big box chains,” says Tony Sarsam, president and CEO …

June 23, 2025

Company News Industrial Texas

Texas Instruments Plans $60B Investment in U.S. Semiconductor Manufacturing Facilities

by Taylor Williams June 20, 2025

DALLAS — Texas Instruments (TI) (NASDAQ: TXN) plans to invest more than $60 billion in U.S. semiconductor manufacturing facilities, an initiative that is expected to support more than 60,000 new and existing American jobs. The capital allocation will impact seven U.S. semiconductor “fabs,” or fabrication plants at which silicon wafers and other critical hardware components are produced, across three manufacturing mega-sites in Texas and Utah. A significant portion of the investment is earmarked for TI’s existing semiconductor fabs in the North Texas city of Sherman, the first of which will begin production this year after being under construction for the past three years.

June 20, 2025

Company News Development Indiana Midwest Retail

Wawa Opens First Three Stores in Indiana, Plans Five More

by Abby Cox June 13, 2025

WAWA, PA. — Wawa Inc., a gas station and convenience store chain, has opened its first three stores in Indiana. Located in Daleville, Nobleville and Clarksville, the new stores are the first of eight stores slated to open by the end of the year. Additional store locations in Indiana are planned in Brownsburg, Cumberland, Plainfield and Westfield. Wawa expects to open its next store in Indianapolis at 3835 E. 96th St. in July. Wawa’s portfolio spans 1,125 stores, including store locations in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Florida, North Carolina, Alabama, Georgia, Ohio, Indiana and Washington, D.C.

June 13, 2025

California Company News Retail Western

Nuveen Real Estate Selects Vestar to Manage Newly Acquired 600,000 SF SoCal Retail Portfolio

by Amy Works June 13, 2025

SOUTHERN CALIFORNIA — Nuveen Real Estate has selected Vestar to provide property management, strategic leasing oversight, marketing and construction management services for its newly purchased retail portfolio in Southern California. Totaling more than 600,000 square feet, the grocery-anchored portfolio has occupancy rates exceeding 98 percent. The portfolio includes: The addition of these five properties brings Vesta’s Southern California footprint to more than 8.5 million square feet, including The District at Tustin Legacy in Tustin, Long Beach Towne Center in Long Beach, Peninsula Center in Rolling Hills Estates and Rancho San Diego Towne Center in San Diego.

June 13, 2025

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