Commercial Real Estate Industry-related trends and announcements exclusive to commercial real estate are presented, including news releases on franchises, commercial real estate projects, joint ventures and partnerships, and more. Stories in this section will focus on the domestic market.

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Rendering of Planned Liberty Warehouse Apartments, Durham, NC
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Real Estate Roundtable President and CEO Jeffrey DeBoer.
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CPA:18 - Global has acquired a multi-tenant retail site in Oslo, Norway in a joint venture with Oslo-based developer, Winta Eiendom AS. The total purchase price, including transaction costs, was approximately $105 million (NOK 815 million). Located in Alna, a 1.8 million square-foot destination retail district in Oslo, the property is situated in one of the busiest and strongest retail clusters in the area.

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Ridge Development, the industrial development arm of Transwestern Development Co., has broken ground on two buildings in RidgePort Logistics Center for the new headquarters of Consolidated Distribution Corporation (CDC). The foodservice supply chain logistics company is relocating from Lemont and combining five distribution locations into preleased space: a rail-served, 111,244-square-foot freezer build-to-suit and 286,867 square feet of a 574,867-square-foot (expandable to 1,078,867 square feet) ambient distribution facility. Owned by a joint venture between Ridge and Elion Partners LLC, the buildings are slated for delivery in October 2015. For more information, visit the RidgePort website at ridgeportlogisticscenter.com.

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