Commercial Real Estate
Plus Amazon secures two new DFW last-mile shipping hubs, investor plans retail development along Lake Joe Pool, Asbury Automotive Group plans Frisco dealership, and more.
Restructured agreement has owner Ken Schnitzer selling some dealerships to Asbury Automotive, retaining others.
Ken Schnitzer is making the buy just weeks after a planned $1 billion sale of his luxury automotive group was called off.
Asbury Automotive Group cancels its plans to purchase Park Place Dealerships.
The $1 billion all-cash transaction is expected to be finalized by March 2020.