February 16, 2012
Costar… Yum! Brands, the world’s largest restaurant company with more than 38,000 eateries in more than 110 countries, is turning more and more of its attention to China. To help fund its expansion overseas, the firm is in the process of selling off a big chunk of its U.S. restaurant real estate. The Louisville, KY-based company’s restaurant ownership in the U.S. dropped to 13% from 15% last year. Yum! Brands closed or sold/refranchised 404 restaurants… Original post: Real Estate On the Menu at KFC, Taco Bell and Pizza Hut Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
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February 14, 2012
Costar… In one of Southern California’s largest deals of the year, Greystar Real Estate Partners LLC acquired four multifamily buildings from BlackRock, Inc. for $169 million. The deal includes 5880 Lochmoor Drive, a 158-unit apartment in Riverside, CA; 11201 Otsego Street, a 100-unit complex in North Hollywood; 7039 Charmant Drive, a 312-unit multifamily in San Diego; and 1100 Calle Del Cerro, a 250-unit complex in San Clemente, CA. Collectively… Read more: Apartment Portfolio Sells For $169M Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
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