Category Archives: Managers

Starwood’s Alfot Brand Debuts in Oklahoma City

Starwood Hotels & Resorts Worldwide Inc. recently announced that its Aloft brand has arrived in Oklahoma City with the opening of the new Aloft Oklahoma City Downtown – Bricktown. Continue reading

Posted in 209 North Walnut Avenue, Aloft Oklahoma City Downtown – Bricktown, Architecture/Design, Commercial, Consumer, Developers, Development, Hospitality, Local, Managers, National, New Century Investments, operations, Owners, Professional, Property Management, Property Type, Regional, Starwood Hotels & Resorts Worldwide Inc., Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

City Council Green-Lights Robertson Properties’$767M Mixed-Use TOD in Honolulu

The Honolulu City Council has granted Robertson Properties Group the final approval for the construction of its proposed $767 million, 1,500-home mixed-use development in Aiea. Continue reading

Posted in affordable housing, Campbell Square, Commercial, Consumer, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Green, honolulu, Honolulu Lead Story, Hospitality, Investors, Leasing, LEED silver, Live Work Play Aiea, Local, Managers, mixed-use, Multi-Family, National, Office, Owners, Policy, Professional, Regional, Residential, Retail, Robertson Properties Group | Leave a comment

Indianapolis Announces Creation of New Cultural District

During a press conference held on April 16, the City of Indianapolis unveiled its plans of creating the Market East District, a new cultural district centered on the new developments at and around the former Market Square Arena site in the city’s downtown. Continue reading

Posted in Artistry apartment, Brokers, Commercial, Consumer, Conventional - Market Rate, Cummins Inc., Developers, Development, economy, Finance/Investment, indianapolis, Indianapolis Lead Story, IndyGo, Investors, Leasing, Local, luxury, Managers, Market East District, Market Square Tower, mixed-use, Multi-Family, Municipal, National, Office, operations, Owners, Policy, Professional, Property Management, Regional, Residential, University Research and Technology Corp. | Leave a comment

Kimray’s HQ Proposal Wins Nod from OK City Planning Commission

At the end of January, oil-field equipment maker Kimray Inc. announced its intentions to relocate its Oklahoma City headquarters. The company had announced its intention to move to a 136-acre property on the northwest corner of Eastern Avenue and Britton Road. Continue reading

Posted in Commercial, Developers, Development, economy, Finance/Investment, Industrial, Investors, Kimray Inc., Local, Managers, National, Office, Oklahoma company relocation, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, Tech, Technology, The Oklahoma City Planning Commission, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

Equus Capital Acquires Raleigh Multi-Family Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property

Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multi-family properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Dorothea Dix, Equus Capital Partners, Finance/Investment, Gov. Pat McCrory, Green, Hunters Glen, Investors, Laurel Oaks, Laurel Springs, Leasing, Local, Managers, Multi-Family, Municipal, National, Owners, Policy, Professional, Property Management, Raleigh apartment, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential | Leave a comment

Lightstone Group Acquires Aloft Tucson University Hotel from Starwood for $19M

Starwood has recently announced the $19 million sale of Aloft Tucson University to Lightstone Value Plus Real Estate Investment Trust II, Inc., a public, non-traded REIT sponsored by The Lightstone Group. Continue reading

Posted in Acquisitions/Dispositions, Aloft Tucson University, Brokers, David Lichtenstein, economy, Finance/Investment, Hospitality, Investors, Island Hospitality Management, Lightstone Value Plus Real Estate Investment Trust II Inc., Local, Managers, National, Property Management, Regional, Starwood Hotels & Resorts Worldwide Inc., The Lightstone Group, tucson, Tucson Lead Story | Leave a comment

Pittman, Barrett & Stokely Plan $35M High-End Multi-Family Community in Carmel

Construction could soon begin on a luxury 14-building, 256-unit apartment community near the Monon Greenway in Carmel. Continue reading

Posted in Barrett & Stokely Inc., Brokers, Carmel apartment, Consumer, Developers, Development, Finance/Investment, indianapolis, Indianapolis Lead Story, Investors, Leasing, Local, luxury, Managers, Miller-Valentine Group, Multi-Family, Muncie apartment, National, Owners, Pittman Partners, Professional, Property Management, Regional, Residential, Senior, The Lofts at Roberts, The Seasons of Carmel | Leave a comment

Aimbridge Hospitality Awarded Management Contract for Embassy Suites Bloomington Hotel

Aimbridge Hospitality recently announced it has been awarded the management contract for the Embassy Suites Bloomington Hotel – a Hilton Family Hotel. Continue reading

Posted in 2800 American Boulevard West, Acquisitions/Dispositions, Aimbridge Hospitality, Chelsea Hospitality, Commercial, economy, Embassy Suites Bloomington Hotel, Hilton Family Hotel, Hospitality, Local, Managers, minneapolis, Minneapolis Lead Story, National, operations, Owners, Professional, Property Management, Property Type, Regional | Leave a comment

Hotel Equities to Manage Wyndham Hotel on I-Drive

Hotel Equities has announced its arrangement with Wyndham Hotel Group to manage Wyndham Orlando Resort International Drive and a newly built hotel in Southwest Texas. Continue reading

Posted in economy, Florida, Hospitality, hotel, Hotel Equities, hotel management, I-Drive Orlando, Investors, Local, Maintenance, Managers, National, orlando, Orlando Lead Story, Property Management, Regional, Wyndham, Wyndham Hotel Group, Wyndham Orlando Resort International Drive | Leave a comment

Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown

City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. The move would allow local officials to move forward with their plans of turning most of the former psychiatric hospital campus into an urban park. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Bill Peaslee, Blue Heron Real Estate Opportunity Fund I, City of Raleigh, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Dorothea Dix, Finance/Investment, Green, Health Care, IIDA Carolinas Design Works, Investors, JDavis Architects, Leasing, Local, Managers, Marquee Station, Multi-Family, Municipal, National, Office, Owners, Policy, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential | Leave a comment

Marriott Hotels Expands in Colorado with 215-Room Denver Marriott Westminster

Etkin Johnson Real Estate Partners and White Lodging Services recently announced the opening of the full-service Denver Marriott Westminster hotel and Tiller’s Kitchen & Bar restaurant in Westminster, Colo. Continue reading

Posted in Architecture/Design, Commercial, Consumer Type, denver, Denver Lead Story, Developers, Development, Etkin Johnson Real Estate Partners, Finance/Investment, Financiers, Hospitality, Investors, Local, Maintenance, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, The Denver Marriott West, Tiller’s Kitchen & Bar, White Lodging Services | Leave a comment

Time Equities Makes $9.5M Acquisition of Its First Retail Property in Indiana

In a $9.5 million deal, Time Equities Inc. (TEI) of New York has acquired the Shadeland Station shopping center on the north side of Indianapolis. Continue reading

Posted in Acquisitions/Dispositions, Ambrose Property Group, Brokers, Cassidy Turley, Commercial, Consumer, Developers, Finance/Investment, indianapolis, Indianapolis Lead Story, Indianapolis office, Indianapolis retail, Investors, Landmark Center, Leasing, Local, Managers, National, Office, operations, Owners, Professional, Property Management, Regional, Retail, Shadeland Station, Time Equities Inc. | Leave a comment

Exeter Affiliates Buy $43M of Industrial Space in Memphis

The Memphis industrial market recently became red-hot with the $43 million sale of an industrial portfolio. Continue reading

Posted in Acquisitions/Dispositions, Bank of America, C-III Asset Management LLC, Exeter Property Group, Finance/Investment, Financiers, Industrial, Investors, Leasing, Loan, Local, Managers, memphis, Memphis industrial market, Memphis International Distribution Center, Memphis Lead Story, National, Owners, PropertyShark.com, Regional, warehouse | Leave a comment

Ambassador Hotel Collection Debuts Oklahoma City Location at Historic Medical Building

Tulsa-based hospitality company Ambassador Hotel Collection recently announced the opening of its latest addition to the portfolio in the Midtown district of Oklahoma City. Continue reading

Posted in 1200 North Walker Avenue, Ambassador Hotel Collection, Ambassador Hotel Collection Oklahoma City, Architecture/Design, Commercial, Consumer Type, Coury Properties, Developers, Development, Finance/Investment, Hospitality, Investors, Local, Managers, Osler Medical Building, Owners, Professional, Property Management, Property Type, The Coury Collection, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

AFL-CIO Housing Investment Trust Provides $33M for 259-Unit Apartment Complex

The AFL-CIO Housing Investment Trust recently announced it has provided $33 million in pension capital funding for the construction of Five 15 on the Park, an apartment complex in Minneapolis. Continue reading

Posted in affordable housing, Architecture/Design, Commercial, Consumer Type, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Financiers, Five 15 on the Park, Health Care, Hospitality, Leasing, Local, Managers, minneapolis, Minneapolis Lead Story, Minneapolis Plan for Sustainable Growth, Multi-Family, National, Oak Grove Capital LLC, Policy, Professional, Property Management, Property Type, Regional, Residential, Riverside Plaza, The AFL-CIO Housing Investment Trust | Leave a comment

Walton Street Capital Honolulu’s Ambassador Hotel Waikiki for $71.5M

Walton Street Capital LLC, a private equity real estate investment firm based in Chicago, has recently acquired the 298-key Ambassador Hotel Waikiki in downtown Honolulu. Continue reading

Posted in Acquisitions/Dispositions, Ala Moana Center, Ambassador Hotel Waikiki, Commercial, Consumer, Developers, Development, Finance/Investment, General Growth Properties, Green, Hawaii solar photovoltaic, honolulu, Honolulu hospitality, Honolulu Lead Story, Hospitality, Investors, Local, Managers, National, Owners, Professional, Property Management, Regional, Retail, Walton Street Capital LLC | Leave a comment

Stirling Properties Acquires 256-Unit Luxury Apartment Complex

Stirling Properties has announced the acquisition of Ansley Place, a 246-unit luxury apartment community located in Houma, LA. Continue reading

Posted in Acquisitions/Dispositions, Ansley Place, BH Management Services LLC, Class A community, Condo, Co-op, HOA, Finance/Investment, Financiers, garden-style luxury apartment community, Houma LA, HUD loan, Investors, Local, luxury, Managers, National, New Orleans, New Orleans Lead Story, Owners, Property Management, Regional, Stirling Communities II LLC, Stirling Properties | Leave a comment

Multifamily Picks Up: TruAmerica Buys, Berkadia Finances Seattle Properties

The Pacific Northwest has seen an upswing in activity in its multifamily market during the first quarter of 2014, with residential deals and projects taking the center stage in a market that was very focused on its office sector. This past week has seen TruAmerica Multifamily acquire a West Seattle residential complex, part of a partnership with Intercontinental Real Estate Corporation. The buyer paid a fee of $27 million for the Westhaven Apartments. The move is part of the investor’s strategy of amassing a $1 billion real estate investment portfolio by the following year. Continue reading

Posted in Acquisitions/Dispositions, Berkadia Commercial Mortgage, Brokers, Conventional - Market Rate, Development, economy, Finance/Investment, Financiers, Investors, Managers, Multi-Family, Owners, Policy, Professional, Property Management, Residential, Sandpiper Apartment Homes, Sandpiper Ventures LLC, seattle, Seattle Lead Story, Seattle residential market, TruAmerica Multifamily, Westhaven Apartments | Leave a comment

Northchase Office Park in Raleigh Welcomes New Tenant

Phillips Architecture has recently relocated to the newly renovated Northchase office park on SIx Forks Road in Raleigh. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Brokers, Commercial, Cushman & Wakefield, Developers, Development, Durham office, Finance/Investment, Investors, Leasing, Local, Managers, National, Northchase office park, Northridge Capital LLC, Office, operations, Owners, Phillips Architecture, Principal Global Investors, Professional, Property Management, Raleigh office, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Tri Properties | Leave a comment

FelCors Sells Charlotte Hotel for $37M

FelCor Lodging Trust Incorporated has announced entering into a $37 million sales agreement with an undisclosed buyer for the 208-key Doubletree Suites Hotel Charlotte – SouthPark as part of its portfolio repositioning plan. Continue reading

Posted in Acquisitions/Dispositions, charlotte, Charlotte Lead Story, Doubletree Suites Hotel Charlotte – SouthPark, FelCor Lodging Trust Incorporated, Finance/Investment, Financiers, Hospitality, hotel acquisition, hotel sale, Investors, Local, Managers, National, Owners, portfolio acquisition, portfolio repositioning, Property Management, Regional, RLJ Lodging Trust, sales agreement | Leave a comment

Glimcher Acquires 3 Retail Centers from Chesapeake Energy in $52M Deal

Columbus, Ohio-based Glimcher Realty Trust, a real estate investment trust with a focus on retail properties, has recently announced it has completed the acquisition of approximately 290,000 square feet of open-air, mixed-use properties in the Oklahoma City market. The properties have been purchased for $51.8 million. Continue reading

Posted in Acquisitions/Dispositions, Chesapeake Energy Corp., Classen Curve, Commercial, economy, Finance/Investment, Glimcher Realty Trust, Investors, Leasing, Local, Managers, Nichols Hills Plaza, operations, Owners, Professional, Property Management, Property Type, Regional, Retail, The Triangle @ Classen Curve, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

Governor Quinn Announces New “Welcome Home Illinois” Home Loan Program for First-Time Buyers

Governor Pat Quinn recently announced the new Welcome Home Illinois program which aims to help Illinois’ first-time home buyers. The program provides $7,500 in down-payment assistance with an interest rate as low as 3.99 percent for a secure, 30-year fixed rate mortgage. Continue reading

Posted in Acquisitions/Dispositions, chicago, Chicago Lead Story, Consumer, Consumer Type, economy, Finance/Investment, Financiers, Governor Pat Quinn, Illinois Affordable Housing Trust Fund, Illinois Jobs Now!, Local, Managers, National, operations, Owners, Policy, Professional, Property Type, Regional, Residential, single-family, Welcome Home Illinois | Leave a comment

Cummins Announces $30M HQ Project at Former Arena Site in Downtown Indianapolis

Columbus, Ind.-based engine manufacturer Cummins Inc. is planning the construction of its new global distribution headquarters on a four-acre portion of the former Market Square Arena (MSA) site in downtown Indianapolis. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Cummins Inc., Developers, Development, economy, Finance/Investment, Flaherty & Collins Properties, indianapolis, Indianapolis Lead Story, Indianapolis office, Indy Chamber CEO Michael Huber, Investors, Local, Managers, Market Square Arena, Mayor Greg Ballard, National, Office, Owners, Policy, Professional, Regional | Leave a comment

Forest City Hawaii’s Proposed West Oahu Rental Housing Project Clears Environmental Hurdle

Plans are moving forward for Forest City Hawaii’s 499-unit residential rental complex on West Oahu. According to the Pacific Business News, the Hawaii Housing Finance and Development Corp. (HHFDC) has determined that a supplemental environmental impact statement (EIS) would not be required for the proposed $140 million mixed-use apartment development known as Kapolei Lofts. Continue reading

Posted in affordable housing, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Forest City Hawaii, Green, Hadley Properties, honolulu, Honolulu hospitality, Honolulu Lead Story, Hospitality, Investors, Kapolei apartment, Kapolei Lofts, Leasing, Local, Managers, Multi-Family, National, Owners, Policy, Professional, Property Management, Regional, Residential | Leave a comment

City Vista Apartment Community in Pittsburgh Nears Completion

Construction has begun on the last building of the 272-unit City Vista apartment complex behind Parkway Center Mall in the city’s suburban area, the Pittsburgh Business Times reports. Continue reading

Posted in Acquisitions/Dispositions, City Vista, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Greenway Realty Holdings, Hospitality, Investors, Leasing, Local, Managers, Multi-Family, National, Owners, Oxford Properties, pittsburgh, Pittsburgh apartment, Pittsburgh hospitality, Pittsburgh Lead Story, Professional, Regional, Residential, Richard Denny, Salvation Army building, Scott Schroeder | Leave a comment

Centerline Arranges $10M Loan for 210-Unit Antioch Community

Centerline Capital Group, a provider of real estate financing services for market-rate and affordable multifamily housing has recently provided a $10.4 million Freddie Mac conventional loan to refinance Cedar Pointe Apartments, a 210-unit multifamily asset in the Greater Nashville Area. Continue reading

Posted in Alexander Properties Group Inc., Antioch TN, Apartments, Architecture/Design, Brokers, capital improvements, Cedar Pointe Apartments, Cedar Pointe Properties LTD, Centerline Capital Group, Developers, Development, Finance/Investment, Financiers, Freddie Mac, Freddie Mac conventional loan, garden-style, Greater Nashville Area, Keith C. Morris, Local, low-rise apartment community, Maintenance, Managers, market-rate apartments, multifamily housing financing services, nashville, Nashville Lead Story, National, Owners, Property Management, Regional, tax exempt bonds, Wynstone | Leave a comment

Full House Pays $62M for Metro Memphis Casino

Full House Resorts, Inc. a locals-oriented, regional casino gaming company, has announced entering into a definitive agreement with The Majestic Star Casino LLC to purchase Fitzgerald’s Casino for $62 million. Continue reading

Posted in Acquisitions/Dispositions, Andre M. Hilliou, Brokers, Casino, casino acquisition, casino and hotel asset, casino renovations, Finance/Investment, Financiers, Fitz Casino, Fitzgerald’s Casino, Full House Resorts Inc., Greater Memphis Area, Hospitality, hotel, Investors, Local, Macquarie Capital, Maintenance, Managers, memphis, Memphis Lead Story, Memphis Metropolitan Area, National, Owners, Property Management, Regional, The Majestic Star Casino LLC, Tunica, Tunica casino | Leave a comment

Full House Pays $62M for Metro Memphis Casino

Full House Resorts, Inc. a locals-oriented, regional casino gaming company, has announced entering into a definitive agreement with The Majestic Star Casino LLC to purchase Fitzgerald’s Casino for $62 million. Continue reading

Posted in Acquisitions/Dispositions, Andre M. Hilliou, Brokers, Casino, casino acquisition, casino and hotel asset, casino renovations, Finance/Investment, Financiers, Fitz Casino, Fitzgerald’s Casino, Full House Resorts Inc., Greater Memphis Area, Hospitality, hotel, Investors, Local, Macquarie Capital, Maintenance, Managers, memphis, Memphis Lead Story, Memphis Metropolitan Area, National, Owners, Property Management, Regional, The Majestic Star Casino LLC, Tunica, Tunica casino | Leave a comment

DeWitt Carolinas Announces $50M Luxury Multi-Family Project in Wilmington

DeWitt Carolinas, Inc. of Raleigh has announced plans to develop a $50 million luxury apartment community along Port City Marina in downtown Wilmington. Construction is expected to begin this fall and be complete in about 16 months. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Cary retail, Chapel Hill North, Chapel Hill retail, Commercial, Consumer, Developers, Development, DeWitt Carolinas, Finance/Investment, Harrison Pointe, Investors, J. Davis Architects, Leasing, Local, luxury, Managers, Multi-Family, National, Owners, Phillips Edison–ARC Shopping Center REIT, Pier 33 Apartments, Professional, Property Management, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Retail, Wilmington apartment | Leave a comment

Developers Launch 71-Unit Public/Private Tax Credit Development Located in Downtown Albuquerque

About a year ago, Romero Rose in partnership with YES Housing Inc., have started constructing a three-building multifamily development at 215 Lead Ave. SW. This public/private partnership development was recently finalized and leasing is booming, already 51 percent occupied. Continue reading

Posted in affordable housing, Albuquerque, Albuquerque Lead Story, Bradbury Stamm Construction, Brokers, Casita de Colores, Consumer, Conventional - Market Rate, Dekker/Perich/Sabatini, Development, economy, Energy Star, Enterprise Green Communities, family-focused community, Financiers, Green, HUD, Investors, Leasing, LEED Platinum, Local, Managers, Multi-Family, multifamily development, National, New Mexico Mortgage Finance Authority, Professional, Property Management, public/private partnership, Regional, Residential, Romero Rose, Yes Housing Inc. | Leave a comment

Low-Income Senior Housing Project in Downtown Indianapolis Wins $837,000 in Federal Tax Credits

A $9.6 million affordable senior housing project planned by TWG Development LLC in downtown Indianapolis has been awarded federal tax credits from the Indiana Community & Housing Development Authority. Continue reading

Posted in affordable housing, affordable senior housing, Architecture/Design, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Fort Wayne apartment, indianapolis, Indianapolis apartment, Indianapolis Lead Story, Investors, Leasing, Local, Managers, Maplecrest by Redwood, Multi-Family, National, Owners, Policy, Professional, Redwood Living, Regional, Residential, Senior, TWG Development LLC | Leave a comment

Horizon Group Properties, CBL Break Ground on Phase 3 of The Outlet Shoppes at Oklahoma City

Horizon Group Properties and CBL & Associates recently broke ground on the third phase of the Outlet Shoppes at Oklahoma City. The 368,000-square-foot shopping center first opened in 2011 and since then has become a favorite shopping venue for Oklahomans, as well as for those living in the surrounding states including Kansas, Arkansas and Texas. Continue reading

Posted in 7624 West Reno Avenue, Architecture/Design, CBL & Associates Properties, Commercial, Consumer, Developers, Development, Finance/Investment, Horizon Group Properties, Investors, Leasing, Local, Managers, operations, Owners, Professional, Property Management, Property Type, Retail, The Outlet Shoppes at Oklahoma City, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

Kamehameha Schools to Start Construction on Mixed-Use SALT Project in Kakaako

Kamehameha Schools has announced it would begin construction on the SALT at Our Kakaako retail and restaurant project in downtown Honolulu later this month. Continue reading

Posted in Architecture/Design, Commercial, Consumer, Developers, Development, Finance/Investment, Hawaiian Dredging, honolulu, Honolulu Lead Story, Honolulu retail, Hospitality, INK Architects, Investors, Kamehameha Schools, Leasing, Local, Managers, mixed-use, National, Our Kaka‘ako, Owners, Professional, Regional, Retail, Salt at Our Kakaako | Leave a comment

Mall of America Breaks Ground on $325M Expansion Project

The nation’s largest retail and entertainment destination, Mall of America, recently broke ground on a $325 million expansion project. Minneapolis-based Mortenson, a construction and development services company, Hotel Development LLC, an enterprise of the Shakopee Mdewakanton Sioux Community and the City of Bloomington and Mall of America celebrated the event. Continue reading

Posted in Architecture/Design, City of Bloomington, Commercial, Consumer, Consumer Type, Developers, Development, economy, Finance/Investment, Hospitality, Hotel Development LLC, Investors, JW Marriott, Leasing, Local, Mall of America, Managers, Marriott International, minneapolis, Minneapolis Lead Story, Mortenson Construction, National, Office, operations, Owners, Professional, Property Management, Property Type, Regional, Retail, Triple Five Worldwide | Leave a comment

Faros Properties Pays $44.9M to Acquire Massive Apartment Community in Downtown Pittsburgh

Real estate investment firm Faros Properties of New York has closed on the acquisition of the approximately 800-unit Allegheny Center Apartments on the North Side of Pittsburgh, perhaps the largest residential rental complex in the city and region. Continue reading

Posted in Acquisitions/Dispositions, Allegheny Center Apartments, Allegheny Center Associates, Brokers, Consumer, Conventional - Market Rate, Developers, Development, Faros Properties, Finance/Investment, Hot Metal Flats, Investors, Leasing, Local, Managers, Multi-Family, National, Owners, Oxford Development, P.J. Dick, pittsburgh, Pittsburgh apartment, Pittsburgh Lead Story, Professional, Property Management, Regional, Residential, Walnut Capital Partners | Leave a comment

New African Cultural and Business Center, Afrikmall, Set to Open This Summer

An ownership entity created by Colorado-based Northstar Commercial Partners, 10180 E. Colfax LLC, has acquired a building in Aurora, Colorado and has provided a long-term lease to Afrikmall. Continue reading

Posted in 10180 E. Colfax LLC, 10180 East Colfax Avenue, Acquisitions/Dispositions, Afrikmall, Aurora Cultural Arts District, Aurora Mayor Steve Hogan, Commercial, Consumer, Consumer Type, denver, Denver Lead Story, Developers, Development, economy, Leasing, Local, Managers, National, Northstar Commercial Partners, operations, Professional, Property Management, Property Type, Regional, Retail | Leave a comment

Meridian Acquires Half-Occupied Medical Office Property in Rohnert Park, CA

Northern California’s medical office market continues its appeal as full service real estate developer and owner in the medical office segment, Meridian Property Company, recently announced that it had closed escrow on a property in Rohnert Park, CA. The property offers great opportunity in terms of a new leasing agreement, as a large amount of space was recently vacated at the site. The new owner will look to bring in a new tenant, following a number of improvements that Meridian already has planned for the property. The asset was sold for an undisclosed amount by a partnership between Petaluma-based PB&J Acquisitions, and an institutional investor who acquired the property back in 2012. Continue reading

Posted in acquisition, Acquisitions/Dispositions, Brokers, California health care, Commercial, economy, Finance/Investment, Financiers, Health Care, Investors, Leasing, Local, Managers, Marcus & Millichap, medical office property, Meridian Property Company, National, Office, Owners, PB&J Acquisitions, Professional, Regional, San Francisco Lead Story, san-francisco | Leave a comment

The University of Chicago Lists Harper Court Complex for Sale with CBRE Group

The University of Chicago recently announced that it has listed the 12-story Harper Court complex for sale with commercial real estate firm CBRE Group. Continue reading

Posted in 53rd Street corridor in Hyde Park, 53rd Street TIF district, Acquisitions/Dispositions, Architecture/Design, Brokers, CBRE Group, chicago, Chicago Lead Story, City of Chicago, CJUF III Harper Court LLC, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Harper Court, Investors, Leasing, Local, Managers, Municipal, National, Office, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, Retail, University of Chicago | Leave a comment

Crow Holdings Capital Partners Acquires the Historic Brown Palace Hotel Portfolio

Crow Holdings Capital Partners recently announced that its Crow Holdings Fund VI has completed the purchase of Brown Palace. The transaction includes the Brown Palace Hotel & Spa, as well as the adjacent Comfort Inn Downtown Denver, with a total of 472 guest rooms, 22,100 square feet of meeting space and five food & beverage venues. Continue reading

Posted in 321 17th Street, AAA Four Diamond, Architecture/Design, Brown Palace Hotel & Spa, Comfort Inn Downtown Denver, Commercial, Crow Holdings Capital Partners, Crow Holdings Fund VI, denver, Denver Lead Story, Development, Finance/Investment, Financiers, Forbes Four Star, Hospitality, Investors, Local, Managers, National, operations, Owners, Professional, Property Management, Property Type, Quorum Hotel Advisors, Regional | Leave a comment

Marina Palms Yacht Club & Residences Releases Plans for South Tower

The north tower of the luxury condo project has been sold out recently and developers decided it was time to unveil its second tower. Continue reading

Posted in Acquisitions/Dispositions, condo, Condo, Co-op, HOA, condominium, Developers, Development, economy, Finance/Investment, Greynold's Park, Investors, Local, luxury, Managers, marina, Marina Palms, Marina Palms Yacht Club & Residences, miami, Miami Beach, Miami Lead Story, miami-dade county, National, Neil Fairman, operations, Regional, Residential, swimming pool, The DevStar Group, The Plaza Group, waterfront | Leave a comment

Officials Negotiate Incentives for Major Mixed-Use Project in Downtown Durham

Austin Lawrence Partners of Colorado is planning to redevelop the Jack Tar Motel on Corcoran Street in downtown Durham and build a 26-story mixed-use tower at the site of the former Woolworth store across the street. Continue reading

Posted in Acquisitions/Dispositions, Austin Lawrence Partners, Commercial, Consumer, Conventional - Market Rate, Crown Realty & Development, Developers, Development, Durham apartment, Durham mixed-use, Durham office, economy, Finance/Investment, Investors, Jack Tar Motel, Leasing, Local, Longfellow Real Estate Partners, Managers, mixed-use, Multi-Family, National, Office, Owners, Policy, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential | Leave a comment

Officials Negotiate Incentives for Major Mixed-Use Project in Downtown Durham

Austin Lawrence Partners of Colorado is planning to redevelop the Jack Tar Motel on Corcoran Street in downtown Durham and build a 26-story mixed-use tower at the site of the former Woolworth store across the street. Continue reading

Posted in Acquisitions/Dispositions, Austin Lawrence Partners, Commercial, Consumer, Conventional - Market Rate, Crown Realty & Development, Developers, Development, Durham apartment, Durham mixed-use, Durham office, economy, Finance/Investment, Investors, Jack Tar Motel, Leasing, Local, Longfellow Real Estate Partners, Managers, mixed-use, Multi-Family, National, Office, Owners, Policy, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential | Leave a comment

Affordable Solar Announces Projects for Three Businesses in Albuquerque

Albuquerque-based Affordable Solar provides solar project design, project development, construction, distribution, and solar integrator support since 1998. Ever since, the company has supplied over 15,000 PV systems to various properties in 96 countries. Continue reading

Posted in Affordable Solar, Albuquerque, Albuquerque Lead Story, Autry Plaza, Commercial, Developers, Finance/Investment, Financiers, Goodmans Interior Structures, Green, Investors, Local, Managers, National, Office, operations, Professional, Regional, Retail, solar panels, solar project, Tech, The Center for BioScience, Unirac systems | Leave a comment

Summit Hotel Enters into Agreement with Mortenson Development to Acquire Hampton Inn & Suites

Summit Hotel Properties Inc. recently announced that it has under contract to acquire two hotel properties featuring a total of 421 guestrooms. The two properties are the DoubleTree by Hilton located in San Francisco and the Hampton Inn & Suites in Minneapolis. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Commercial, Developers, Development, DoubleTree by Hilton San Francisco, ESG Architects, Finance/Investment, Hampton Inn & Suites Minneapolis, Hospitality, Investors, Local, Managers, minneapolis, Minneapolis Lead Story, Mortenson Development, National, operations, Owners, Professional, Property Management, Property Type, Regional, Summit Hotel Properties Inc. | Leave a comment

City Committee Green Lights $81M MSA Apartment Tower Project in Indianapolis

Plans are moving forward for the $81 million, 28-story apartment high-rise Flaherty & Collins Properties intends to build on a portion of the former Market Square Arena (MSA) site in downtown Indianapolis. Continue reading

Posted in Commercial, Consumer, David Flaherty, Developers, Development, economy, Finance/Investment, Flaherty & Collins Properties, indianapolis, Indianapolis apartment, Indianapolis Lead Story, Investors, Leasing, Local, luxury, Managers, Market Square Tower, mixed-use, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, Retail, RTKL | Leave a comment

Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market

Collier Village Apartments, a 100-unit Class C multifamily property in Collierville has sold for $4.4 million Continue reading

Posted in Acquisitions/Dispositions, Berkadia Commercial Mortgage LLC, Brokers, CBRE Memphis, Class C apartments, Collier Village Apartments, Collier Village Apartments Utah LLC, Collierville submarket, Condo, Co-op, HOA, Conventional - Market Rate, Finance/Investment, Financiers, Hickory Hills apartments, Hickory Hills LLC, Investors, Local, Managers, memphis, Memphis apartment market, Memphis apartment sale, Memphis Lead Story, National, Owners, Property Asset management Inc., PropertyShark.com, Regional, townhouse-style apartments, Walker & Dunlop LLC, Whitehaven submarket | Leave a comment

Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market

Collier Village Apartments, a 100-unit Class C multifamily property in Collierville has sold for $4.4 million Continue reading

Posted in Acquisitions/Dispositions, Berkadia Commercial Mortgage LLC, Brokers, CBRE Memphis, Class C apartments, Collier Village Apartments, Collier Village Apartments Utah LLC, Collierville submarket, Condo, Co-op, HOA, Conventional - Market Rate, Finance/Investment, Financiers, Hickory Hills apartments, Hickory Hills LLC, Investors, Local, Managers, memphis, Memphis apartment market, Memphis apartment sale, Memphis Lead Story, National, Owners, Property Asset management Inc., PropertyShark.com, Regional, townhouse-style apartments, Walker & Dunlop LLC, Whitehaven submarket | Leave a comment

Lowe Enterprises Acquires Garden-Style Apartment Complex in Everett

A real estate investment management services company recently ramped up its activity in the Pacific Northwest with a multifamily acquisition, following a number of deals in the area’s commercial sector. Lowe Enterprises Investors recently announced its acquisition of a residential complex in the city of Everett, WA on behalf of an investment client. The property in question is the Covington Farms community located 25 miles away from Seattle. ARA Northwest representative Gail Neuburg handled the transaction on behalf of the seller. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Conventional - Market Rate, Covington Farms, economy, Everett, Finance/Investment, Financiers, Greystar, Investors, Local, Lowe Enterprises Investors, Managers, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, residential acquisition, seattle, Seattle area residential market, Seattle Lead Story | Leave a comment

$350M International Market Place Redevelopment Begins in Waikiki; Castle & Cooke, Kamehameha Schools Develop Workforce Housing in Kakaako

Michigan-based developer Taubman Centers, Inc. and its partners, CoastWood Capital Group, LLC of San Francisco and landowner Queen Emma Land Company of Honolulu, have celebrated the groundbreaking of the new International Market Place in Waikiki. Continue reading

Posted in affordable housing, Castle & Cooke Homes Hawaii, CoastWood Capital Group, Commercial, Condo, Co-op, HOA, Consumer, Developers, Development, economy, Finance/Investment, honolulu, Honolulu Lead Story, Honolulu mixed-use residential, Honolulu retail, Hospitality, International Market Place, Investors, Kamehameha Schools, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Professional, Property Management, Queen Emma Land Company, Regional, Residential, Retail, Taubman Centers | Leave a comment

Laurus Corp. Enters Minneapolis Area with Acquisition of Woodlake Centre

Laurus Corporation, a private real estate investment and development firm, recently announced the acquisition of Woodlake Centre, marking the firm’s first acquisition in the Minneapolis area. Continue reading

Posted in 6625 Lyndale Avenue South, Acquisitions/Dispositions, Commercial, Developers, economy, Ethika Investments, Finance/Investment, Financiers, Investors, Laurus Corporation, Leasing, Local, Maintenance, Managers, minneapolis, Minneapolis Lead Story, National, Office, operations, Owners, Professional, Property Management, Property Type, Regional, Woodlake Centre | Leave a comment

Siegel Group Buys 119-Unit M-F Property Near Strip, Expanding Flexible-Stay Portfolio

The Siegel Group Nevada, Inc. recently expanded its local apartment portfolio with a purchase near the Las Vegas Strip. The commercial real estate and business development company has completed a deal worth approximately $4.2 million for the apartment property known as Solana Square. The Siegel Group plans to add the newly acquired asset to its Siegel Suites Brand, which currently offers a number of flexible stay residential communities throughout the state of Nevada. With the addition of Solana Square, Siegel Group now operates 23 such communities in the Silver State. Continue reading

Posted in Brokers, Commercial, Conventional - Market Rate, economy, Finance/Investment, Financiers, Hospitality, Investors, LAS VEGAS, Las Vegas Lead Story, Las Vegas residential, Local, Managers, Multi-Family, National, operations, Owners, Professional, Property Management, Regional, Residential, Siegel Suites, Siegel Suites Twain, Solana Square, The Siegel Group | Leave a comment

Kisco Senior Living, Health Care REIT to Begin Construction on New CCRC in Raleigh

Plans are moving forward for The Cardinal at North Hills, a long-delayed Continuing Care Retirement Community (CCRC) in Raleigh. Continue reading

Posted in Assisted Living, Consumer, Continuing Care Retirement Community Raleigh, Developers, Development, economy, Finance/Investment, health care reit, Investors, Kisco Senior Living, Leasing, Local, Managers, Mitch Brown, Multi-Family, National, Owners, Professional, Property Management, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Senior, The Cardinal at North Hills | Leave a comment

276-Unit Property in Historic Fourth Ward Offers Gigabit Internet

Developed by North American Properties, BOHO4W, as the project is called, is the first residential property in Atlanta to embrace the lightning-speed gigabit technology.The 276-unit community at Historic Fourth Ward Park is a so-called fiber-to-the-home or FTTH multifamily project that beside its innovative network, also keeps walkability in focus. Continue reading

Posted in apartment, art studio, atlanta, Atlanta Lead Story, BOHO4W, Condo, Co-op, HOA, conference room, cyber café, data transfer, Developers, Development, economy, fiber optic network, fiber-to-the-home, Finance/Investment, fitness center, FTTH, gigabit, Gigabit Internet, Google Fiber, grilling, Historic Fourth Ward, Hotwire Communications, Investors, Local, Managers, Multifamily, National, North American Properties, outdoor dining, pet spa, Regional, Residential, salt-water swimming pool, spin/yoga room, Tech, Technology, walkable neighborhood | Leave a comment

McCraney’s Dade Paper Project Awarded Industrial Development of the Year

NAIOP Central Florida Chapter has recently distinguished McCraney Property Company’s Dade Paper project with the “Industrial Development of the Year” title. Presented at the Best of the Best Awards Gala, the award recognizes Dade Paper’s 150,000-square-foot state-of-the-art Central Florida Distribution Center and Offices for its overall design to meet the needs of the end user. Continue reading

Posted in Architecture/Design, award, Best of the Best Awards, business park, Central Florida, Clarion Partners, construction, Dade Paper, Dade Paper Central Florida Distribution Center and Offices, design, Developers, Development, distribution property, economy, Edwards Construction Services Inc., engineering, Finance/Investment, Green, Industrial, Industrial Development of the Year, investment, Investors, John Young Business Park, Joint Venture, Local, Managers, McCraney, McCraney Property Company, NAIOP, NAIOP Central Florida Chapter, National, orlando, Orlando Lead Story, Owners, Property Management, Regional, Smiley & Associates Inc., Steven E. McCraney, The Corrales Group Architects, warehouse | Leave a comment

Forsythe Technology to Build 221K SF “Retail Plus” Data Center Colocation Facility in Elk Grove Village

IT infrastructure Forsythe Technology recently announced it plans to design and build a state-of-the-art data center facility in Elk Grove Village, Illinois. The new 221,000-square-foot data center aims to address the needs of enterprises that are seeking for the best of both the retail and wholesale colocation data center markets. Continue reading

Posted in Anixter, Architecture/Design, chicago, Chicago Lead Story, ComEd, Commercial, Consumer Type, Data Center, data center development Elk Grove Village, Developers, Development, duke realty, Emerson Network Power, Environmental Systems Design Inc., Finance/Investment, Forsythe Data Centers Inc., Forsythe Technology, Leasing, LEED, Local, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, Tech, Technology, TIer III, Turner Construction | Leave a comment

Five Welton Street Projects Win $475,000 in Planning Grants Through the Welton Design / Development Challenge

Denver Mayor Michael B. Hancock and the Denver Office of Economic Development recently announced the winners of the very first Welton Design / Development Challenge, a new grant-making approach which aims to provide momentum to revitalize one of Denver’s most historic neighborhoods. Continue reading

Posted in Architecture/Design, Commercial, Conventional - Market Rate, denver, Denver Lead Story, Denver Office of Economic Development, Developers, Development, economy, Finance/Investment, Financiers, Hospitality, Investors, Leasing, Local, Maintenance, Managers, Mayor Michael Hancock, mixed-use, National, nuROOT Innovative Office Space, Office, operations, Owners, Palisade Partners, Policy, Professional, Property Management, Property Type, Regional, Residential, Retail, Saint Bernard Properties, The Arcade & Rosenberg’s Bagels, The Rossonian Development, Welton Corridor, Welton Design / Development Challenge | Leave a comment

HFF Represents JCI Residential in the Sale of Silverado Crossings Class A Multi-housing Community

The newly constructed Silverado Crossing has been purchased by the Meagher Family Trust; JCI Residential was the seller, represented by HFF (Holliday Fenoglio Fowler, L.P.). Terms of the transaction were undisclosed, but the acquisition of the complex ran its course free and clear of debt, projecting full stabilization. Continue reading

Posted in acquisition, Acquisitions/Dispositions, austin, Austin Lead Story, Brokers, Buda, Consumer, Conventional - Market Rate, Finance/Investment, Financiers, HFF, Holliday Fenoglio Fowler L.P., Investors, JCI Residential, Leasing, Live in Buda, Local, Managers, Meagher Family Trust, Multi-Family, National, operations, Professional, Property Management, Regional, Residential, Silverado Crossings, Weird Wine Wednesdays | Leave a comment

PK Partners Plans $80M Mixed-Use Project on Vacant Parcels in Indianapolis

An $80 million commercial and residential project could soon rise on two vacant parcels along River Crossing Boulevard in Indianapolis. Continue reading

Posted in Commercial, Consumer, Convention Center Hotel by DoubleTree, Conventional - Market Rate, Developers, Development, economy, Evansville hospitality, Finance/Investment, HCW Evansville Development, Hospitality, indianapolis, Indianapolis apartment, Indianapolis hospitality, Indianapolis Lead Story, Indianapolis mixed-use, Indianapolis office, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, Municipal, National, Office, Owners, PK Partners LLC, Policy, Professional, Property Management, Regional, Residential, Retail | Leave a comment

Alliance Diversified Buys Pyramid Building in Miramar, Plans Makeover

One of the city’s most unusual office properties recently traded hands as Alliance Diversified Holding, LLC paid a purchase fee of $13.6 million for an asset located in the San Diego submarket of Miramar. The seller was APEX 1 & 2 LP. Both companies were represented by the local office of Voit Real Estate Services, with the seller being represented by a team consisting of Brandon Keith, Ryan Bracker and Bob Brady. Continue reading

Posted in Acquisitions/Dispositions, Alliance Diversified Holding LLC, Architecture/Design, Brokers, Finance/Investment, Investors, Leasing, Local, Managers, Miramar office market, Office, Owners, Professional, San Diego, San Diego Innovation Center, San Diego Lead Story, San Diego office asset, Tech, Technology, Voit Real Estate Services | Leave a comment

New Hyatt Place Hotel Planned at Southern Village in Chapel Hill

A new five-story Hyatt Place hotel will soon rise at the Southern Village community in Chapel Hill. According to the Triangle Business Journal, Bryan Properties and its development partner, Beacon ING of Charlotte, have recently finalized a management agreement with the Hyatt Hotels Corp. Continue reading

Posted in Acquisitions/Dispositions, Beacon ING, C-III Capital Partners, Cary apartment, Cary Brook Apartments, Chapel Hill hospitality, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Greystone Quinvest Properties, Hospitality, Hyatt Place, Investors, Leasing, Local, Managers, Multi-Family, National, Owners, Policy, Professional, Property Management, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Southern Village | Leave a comment

SunEdison’s Solar Plant Juices Up Davis-Monathan Air Force Base

SunEdison and MIC Solar Energy Holdings have recently completed a 16.4 megawatt photovoltaic solar power plant on Davis-Monthan Air Force Base. Continue reading

Posted in Air Force, armed forces, Bob Powell, Chevron Energy Solutions, Davis-Monathan Air Force Base Tucson, Davis-Monthan AFB, Developers, Development, economy, electricity, Finance/Investment, Green, Industrial, infrastructure, Investors, Local, Macquarie Infrastructure Company, Managers, MIC Solar Energy Holdings, National, North American Development Bank, Owners, photovoltaic solar power plant, Property Management, PV, Regional, renewable electricity, renewable power, semiconductor technology, solar energy, solar energy services, solar plant, solar technology, SunEdison, SunEdison Renewable Operation Center, SunEdison Silvantis, tucson, Tucson Lead Story, U.S. Department of Defense | Leave a comment

Edgewood Town Council Approves Master Plan for State Trust Land

By Anca Gagiuc, Associate Editor

After countless public meetings, the Edgewood Town Council signed the Joint Planning Agreement (JPA), approving the master plan for Edgewood Commons. State Land Commissioner Ray Powell and Edgewood Mayor Brad Hill have given the start to the revision of the master plan for the state trust land, also known as Section 16. Continue reading

Posted in Albuquerque, Albuquerque Lead Story, Commercial, Consumer, Developers, Development, economy, Edgewood, Edgewood Commons, Edgewood Town Council, Education, Finance/Investment, Financiers, Health Care, Investors, Joint Planning Agreement, JPA, Local, Managers, master plan, Municipal, National, New Mexico State Land Office, operations, Owners, Professional, Property Management, Regional, Residential, Section 16, State Land Office | Leave a comment

San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market

A Chicago-based real estate company has recently made its first move in the San Mateo County office market. Heitman, a global management firm, recently completed the purchase of an office complex in Foster City, CA from partnership between Harvest Properties and Invesco Real Estate. The transaction brings further proof that the San Francisco Peninsula is generating interest in the tech market, ranking in the top three markets for tech companies in the entire U.S. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, economy, Finance/Investment, Financiers, Harvest Properties, heitman, INVESCO Real Estate, Investors, Leasing, Local, Managers, National, Office, office acquisition, Owners, Parkside Towers, Policy, Professional, Regional, San Francisco Lead Story, San Francisco Peninsula, San Mateo County office, san-francisco, Tech | Leave a comment

Hines Acquires a Portion of The Rim Outdoor Retail Center

By Anca Gagiuc, Associate Editor

The Northwest San Antonio is developing at very high speed. The latest acquisition is evidence of high interest coming from the investors – Hines Global REIT, Inc. announced it purchased the retail interest of Georgia-based Thomas Land & Development in The Rim, the largest outdoor retail center in Texas. Continue reading

Posted in acquisition, Acquisitions/Dispositions, Brokers, Commercial, Developers, Development, Eastdil Secured, Finance/Investment, Financiers, Hines, Hines Global REIT Inc., investment, Investors, Leasing, Local, Managers, National, Outdoor Retail Center, Professional, Property Management, Regional, Retail, San Antonio, San Antonio Lead Story, The Rim, Thomas Land & Development | Leave a comment

Keystone Realty Acquires 114,000-Sq.-Ft. Office Complex in Suburban Indianapolis

An affiliate of Keystone Realty Group has recently acquired the four-building Waterplace Office Park on the east side of the North Meridian corridor in Indianapolis. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Cassidy Turley, Chambers Street Properties, Commercial, Consumer, Developers, Development, Ersal Ozdemir, Finance/Investment, indianapolis, Indianapolis industrial, Indianapolis Lead Story, Indianapolis office, Industrial, Investors, Keystone Realty Group, Leasing, Local, Managers, National, Office, Owners, Professional, Property Management, Regional, Waterplace Office Park | Leave a comment

Keystone Realty Acquires 114,000-Sq.-Ft. Office Complex in Suburban Indianapolis

An affiliate of Keystone Realty Group has recently acquired the four-building Waterplace Office Park on the east side of the North Meridian corridor in Indianapolis. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Cassidy Turley, Chambers Street Properties, Commercial, Consumer, Developers, Development, Ersal Ozdemir, Finance/Investment, indianapolis, Indianapolis industrial, Indianapolis Lead Story, Indianapolis office, Industrial, Investors, Keystone Realty Group, Leasing, Local, Managers, National, Office, Owners, Professional, Property Management, Regional, Waterplace Office Park | Leave a comment

Award-Winning Heritage Community in Wake Forest Adds 61-Lot Neighborhood

Ammons Development has opened 61 private, wooded lots at the Heritage Enclave neighborhood in Wake Forest to the public for presales. The Heritage Custom Builder team will begin construction on the new luxury community this spring. Continue reading

Posted in Ammons Development, Best of the Best Neighborhood and Golf Course, Consumer, Developers, Development, Finance/Investment, Heritage, Heritage Custom Builder, Heritage Enclave, Investors, Local, Managers, Master Planned Community of the Year, National, Owners, Professional, Property Management, Raleigh single-family, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, single-family | Leave a comment

Seven-Acre Townhome Project Breaks Ground in Rezoned Sawmill District

By Anca Gagiuc, Associate Editor Located north of Albuquerque’s Old Town, the Sawmill district is an area that recently has been rezoned from industrial to residential. The scenery changes progressively into a colorful mix of housing, commercial spaces and industrial lots. A groundbreaking event was by Sawmill Community Land Trust and Sawmill Crossing Partners last [...] Continue reading

Posted in Albuquerque, Albuquerque Lead Story, Architecture/Design, Brokers, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Green, Investors, Local, Managers, Mercury Properties, National, Owners, Professional, Regional, Residential, rezoning, Sawmill Community Land Trust, Sawmill Crossing, Sawmill Crossing Partners, Sawmill District, single-family, townhome, townhouse | Leave a comment

Gerding Edlen Tapped to Develop Kamehameha Schools’ Workforce Rentals in Kakaako

Kamehameha Schools has selected Oregon-based Gerding Edlen to develop the 209-unit workforce rental project, which will be part of the company’s previously announced $300 million Keauhou Lane mixed-use residential development in Kakaako. Continue reading

Posted in affordable housing, Commercial, Condo, Co-op, HOA, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Gerding Edlen, honolulu, Honolulu apartment, Honolulu Lead Story, Hospitality, Investors, Kamehameha Schools, Keauhou Lane, Keauhou Place, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, Retail, Stanford Carr Development | Leave a comment

Mainstreet Property Group Announces Series of New Medical Resorts in Indiana

by Adriana Pop, Associate Editor National health care developer Mainstreet Property Group has announced a significant pipeline of new medical resorts for seniors over the next three years in Indiana. Combined, these developments are expected to create 3,000 permanent jobs, 8,400 temporary jobs, and generate an economic impact to the region of about $3 billion. [...] Continue reading

Posted in Arlington Place, Assisted Living, Clearvista Lakes, Commercial, Consumer, Developers, Development, economy, Evergreen Place Indianapolis Georgetown & 56th Street, Finance/Investment, Health Care, Indiana jobs, indianapolis, Indianapolis assisted-living, Indianapolis Lead Story, Indianapolis senior, Investors, Leasing, Local, Mainstreet Property Group, Managers, Multi-Family, National, Owners, Professional, Property Management, Regional, Residential, Senior | Leave a comment

MIG Buys Office/Medical Office Complex in Henderson

The Las Vegas office market has seen consistent improvement over the past year, up to a point where important transactions once again take place. Recently a new portfolio transaction was announced by real estate investment company MIG Real Estate. The Newport Beach-based entity acquired an eight-property office/medical office package located in Henderson for an undisclosed amount. A CBRE team arranged the transaction on behalf of the seller. Continue reading

Posted in Acquisitions/Dispositions, Brokers, CBRE, Commercial, Finance/Investment, Investors, LAS VEGAS, Las Vegas Lead Story, Las Vegas office market, Local, Managers, MIG Real Estate, Office, office acquisition, Owners, Professional, Sansone Pecos II | Leave a comment

Ares Management Fund Acquires 33-Acre Warehouse in Morrisville for $26.9M

A real estate fund affiliated with Ares Management in Los Angeles has recently purchased the largest warehouse in Wake County, namely the 33-acre 900 Aviation property in Morrisville. Continue reading

Posted in Acquisitions/Dispositions, ares management, Brokers, Commercial, Consumer, Cushman & Wakefield, Developers, Development, economy, ePlus Inc., Finance/Investment, Industrial, Investors, Leasing, Local, Managers, Morrisville jobs, Morrisville warehouse, National, Office, Owners, Pearlmark Real Estate Partners, Professional, Property Management, Raleigh-Durham, Raleigh-Durham Lead Story, Regional | Leave a comment

Beacon Partners Taking Over East Morehead Street; LP Financial Scouting the Suburbs

Charlotte-based full-service real estate company Beacon Partners has just increased its East Morehead portfolio, buying its fourth office asset on the Midtown street. Continue reading

Posted in 1228 East Morehead, 500 East Morehead, 801 East Morehead, 801 East Morehead LLC, Acquisitions/Dispositions, Architecture/Design, Beacon Partners, Brokers, built-to-suit Class A office building, charlotte, Charlotte Lead Story, Charlotte office market, Class B office building, Developers, Development, Finance/Investment, Financiers, Investors, Jill Newton, Leasing, Local, LPL Financial, LYNX light rail, Managers, National, Office, office acquisition, Owners, Property Management, PropertyShark.com, Regional, suburban office market, Uptown Charlotte | Leave a comment

Keystone Realty Plans to Develop 5.3-Acre Residential/Retail Project in Carmel’s Old Meridian District

Keystone Realty Group of Indianapolis is proposing the construction of a new five-story mixed-use building in Carmel. According to the Indianapolis Business Journal, plans call for 200 luxury apartments and ground-floor retail space on a 5.3-acre site located southwest of the roundabout at Old Meridian and Main streets. Continue reading

Posted in Carmel apartment, Commercial, Consumer, Developers, Development, Edward Rose Properties, Finance/Investment, indianapolis, Indianapolis Lead Story, Investors, Keystone Realty Group, Leasing, Local, luxury, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Providence at Old Meridian, Regional, Residential, Retail, Sophia Pointe, Sophia Square | Leave a comment

Whole Foods Market Opens in Mid-City

Whole Foods Market, the natural and organic food retailer, expanded its New Orleans presence by opening its location on the corner of Broad and Bienville streets Continue reading

Posted in Architecture/Design, blight reduction, Broad Community Connections, Broad Street corridor, Broad Street neighborhoods, Circle Food Store, Commercial Corridor Revitalization Program, Consumer, Developers, Development, economy, electric vehicle charging station, Finance/Investment, Financiers, FirstLine Schools, food desert. low-income food desert, Fresh Food Retailer Initiative, grant financing., Green, Investors, job creation, JOB1 Business and Career Solutions, Liberty’s Kitchen, Local, local workforce, Maintenance, Managers, National, New Orleans, New Orleans blight reduction, New Orleans Lead Story, New Orleans Redevelopment Authority, New Orleans redevelopment project, New Orleans retail market, Office of Workforce Development, Owners, Policy, re-purposing, ReFresh, Regional, Retail, Schwegmann’s, Tulane University’s Goldring Center for Culinary Medicine, Whole Foods Market | Leave a comment

Paolino Properties Buys Downtown Providence Trio for $64M

In a $64 million deal, Paolino Properties has acquired three downtown Providence properties, namely the 20-story office tower at 100 Westminster Street, the attached historic building at 30 Kennedy Plaza and the surface parking lot and facade at 110 Westminster Street. Continue reading

Posted in 110 Westminster Street, Acquisitions/Dispositions, Brokers, Commercial, Developers, Donna Paolino, Dunn & Crutcher, Finance/Investment, Hospitality, Investors, Joseph R. Paolino Jr., Leasing, Local, Managers, Office, Owners, Paolino Properties, Professional, Property Management, Providence, Providence Lead Story, Providence office | Leave a comment

Paolino Properties Buys Downtown Providence Trio for $64M

In a $64 million deal, Paolino Properties has acquired three downtown Providence properties, namely the 20-story office tower at 100 Westminster Street, the attached historic building at 30 Kennedy Plaza and the surface parking lot and facade at 110 Westminster Street. Continue reading

Posted in 110 Westminster Street, Acquisitions/Dispositions, Brokers, Commercial, Developers, Donna Paolino, Dunn & Crutcher, Finance/Investment, Hospitality, Investors, Leasing, Local, Managers, Office, Owners, Paolino Properties, Professional, Property Management, Providence, Providence Lead Story, Providence office | Leave a comment

Research Triangle Foundation Buys 100 Acres for Triangle’s First Mixed-Use Expansion

The Research Triangle Foundation, the nonprofit that built the Research Triangle Park (RTP) back in the 50s, has recently announced the acquisition of several adjacent properties along I-40, where it intends to add new development. Continue reading

Posted in Acquisitions/Dispositions, Bob Geolas, Commercial, Consumer, Conventional - Market Rate, Developers, Development, economy, Education, Finance/Investment, Hospitality, Investors, Kit Creek Center, Leasing, Local, Managers, mixed-use, Multi-Family, Municipal, National, Office, Owners, Park Center, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, research, Research Triangle Foundation, Research Triangle Park, Residential, Retail, Technology, Triangle Commons | Leave a comment

Research Triangle Foundation Buys 100 Acres for Triangle’s First Mixed-Use Expansion

The Research Triangle Foundation, the nonprofit that built the Research Triangle Park (RTP) back in the 50s, has recently announced the acquisition of several adjacent properties along I-40, where it intends to add new development. Continue reading

Posted in Acquisitions/Dispositions, Bob Geolas, Commercial, Consumer, Conventional - Market Rate, Developers, Development, economy, Education, Finance/Investment, Hospitality, Investors, Kit Creek Center, Leasing, Local, Managers, mixed-use, Multi-Family, Municipal, National, Office, Owners, Park Center, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, research, Research Triangle Foundation, Research Triangle Park, Residential, Retail, Technology, Triangle Commons | Leave a comment

Tim & Terri Overman Join Davidson Realty

Davidson Realty, Inc., a leading real estate firm operating in Jacksonville ans St. Augustine has recently added Tim and Terri Overman to its sales team. Continue reading

Posted in Advertising, Barton College, Brokers, build-to-suit, CDPE - Certified Distressed Property Expert, Commercial, Commercial-Real-Estate, Davidson, Davidson Realty, executive transitions, Florida, golf communities, Inc., jacksonville, Jacksonville Lead Story, Leasing, Local, management, Managers, Marketing, National, Northeast Florida, Office, operations, real estate, Regional, Residential, Retail, Sales, Sherry Davidson, St. Augustine, Terri Overman, Tim Overman, University of Florida, University of North Carolina, University of South Carolina, warehouse, World Golf Village | Leave a comment

Former Nob Hill Parole Building for Sale or Lease through Allen Simon RE Group

The Nob Hill area is one of the state’s best preserved areas, overlapping with the renowned Route 66; the famous road goes through the epicenter of Albuquerque, flaunting many neon signs and deco-inspired towers. Nob Hill is the connection point between the commercial and residential areas of the city and now offers for sale or lease the building at 3010 Monte Vista Blvd. NE. Continue reading

Posted in Acquisitions/Dispositions, Albuquerque, Albuquerque Lead Story, Allen Simon Real Estate Group, Architecture/Design, Brokers, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Investors, Leasing, Local, Managers, National, Nob Hill, Office, operations, Professional, Regional, Retail, Route 66 | Leave a comment

Emerson Opens Third Global Innovation Center in Austin

Emerson Process Management opened its third global Innovation Center – Process Systems and Solutions in Round Rock, near Austin. The other two centers are located in Marshalltown, Iowa – a unique research & development facility that develops and tests flow control applications and technologies – and in Pune, India – a center where world-class software application is developed. Continue reading

Posted in Acquisitions/Dispositions, austin, Austin Lead Story, business campus, Commercial, economy, Emerson, Emerson Process Management, Finance/Investment, Financiers, Innovation Center, Investors, Local, Managers, National, Office, operations, Professional, Regional, research, Tech, Technology | Leave a comment

Emerson Opens Third Global Innovation Center in Austin

Emerson Process Management opened its third global Innovation Center – Process Systems and Solutions in Round Rock, near Austin. The other two centers are located in Marshalltown, Iowa – a unique research & development facility that develops and tests flow control applications and technologies – and in Pune, India – a center where world-class software application is developed. Continue reading

Posted in Acquisitions/Dispositions, austin, Austin Lead Story, business campus, Commercial, economy, Emerson, Emerson Process Management, Finance/Investment, Financiers, Innovation Center, Investors, Local, Managers, National, Office, operations, Professional, Regional, research, Tech, Technology | Leave a comment

Prospective Buyer Terminates $142M Deal to Acquire City-Owned Affordable Housing

The $142 million leasehold sale of 12 city-owned affordable rental complexes located in various parts of Oahu has been canceled. According to the Honolulu Star-Advertiser, the group of investors that agreed to purchase and manage the properties in the summer of 2012 will not be able to make a $35 million payment to the city by the March 31 deadline. Continue reading

Posted in Acquisitions/Dispositions, affordable housing, Consumer, Developers, Development, EAH Housing, economy, Finance/Investment, honolulu, Honolulu affordable, Honolulu Affordable Housing Partners LLC, Honolulu Lead Story, Imi Ikena Apartments, Imi Ikena Housing Partners LLC, Investors, Leasing, Local, Managers, Maui affordable, Multi-Family, National, Owners, Policy, Professional, Regional, Residential | Leave a comment

Trade Street Residential Acquires Newly Completed, 288-Unit Apt. Property for $37.2M

Trade Street Residential, Inc. of Aventura, Fla. has recently announced it paid $37.2 million to acquire The Estates at Wake Forest, a newly constructed 288-unit apartment community located at 1524 Woodfield Creek Drive in Wake Forest. Continue reading

Posted in Acquisitions/Dispositions, Beckanna on Glenwood, Consumer, Developers, Finance/Investment, Investors, Leasing, Local, luxury, Managers, Miller Creek at Germantown, Multi-Family, National, Owners, Professional, Property Management, Raleigh apartment, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, The Estates at Wake Forest, Trade Street Residential Inc., Woodfield Investments | Leave a comment

Albuquerque’s Area Plans Will Be Scrutinized

City Councilor Chuck Wilkins has set a new goal for the beginning of 2014. He wants to bring clarity, simplicity, and coherence in the land-use plans the city has adopted in the recent years by having them re-examined. A series of work sessions will be held in the following weeks to investigate the plans and the proposed changes. Continue reading

Posted in Albuquerque, Albuquerque Lead Story, area planning, Commercial, Developers, Development, Industrial, Investors, Local, Managers, Municipal, NAIOP, National, National Association of Industrial and Office Properties, Office, operations, Policy, Professional, Regional, research | Leave a comment

Circle Food Store, Magnolia Marketplace to Curb NOLA’s Retail Shortage

One of the most highly anticipated retail openings in the Crescent City, the second coming of the Circle Food Store in the Seventh Ward, was recently celebrated. Continue reading

Posted in Architecture/Design, Brokers, Central City New Orleans, Circle Food Store, Consumer, Developers, Development, Dwayne Boudreaux, Economic Development Fund, economy, federal grant, Finance/Investment, Financiers, First NBC Bank, Fresh Food Retailer Initiative, historic building, historic grocery market, Historic Tax Credit, Hurricane Katrina restoration project, Investors, JCH Development, job creation, John C. Williams Architects, Leasing, Local, Louisiana Office of Community Development, Magnolia Marketplace, Maintenance, Managers, McDonnel Group, National, neighborhood grocery store, New Orleans, New Orleans City Council, New Orleans Lead Story, New Orleans retail market, not-for-profit funding, Owners, pecial economic development district, Policy, Property Management, Regional, renovation, Retail, retail development, Seventh Ward, Stirling Properties | Leave a comment

Hat World to Invest $21.77M in Major HQ, Distribution Expansion in Indiana

Hat World Inc. has announced it would invest $21.77 million in the expansion of its headquarters and distribution operations in central Indiana and create up to 758 jobs by 2025. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Genesco Inc., Hat World Inc., indianapolis, Indianapolis industrial, Indianapolis jobs, Indianapolis Lead Story, Industrial, Investors, LIDS Clubhouse, Lids Sports Group, LIDS Team Sports, Local, Managers, National, Office, Owners, Policy, Professional, Regional, Zionsville jobs, Zionsville office | Leave a comment

Hat World to Invest $21.77M in Major HQ, Distribution Expansion in Indiana

Hat World Inc. has announced it would invest $21.77 million in the expansion of its headquarters and distribution operations in central Indiana and create up to 758 jobs by 2025. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Genesco Inc., Hat World Inc., indianapolis, Indianapolis industrial, Indianapolis jobs, Indianapolis Lead Story, Industrial, Investors, LIDS Clubhouse, Lids Sports Group, LIDS Team Sports, Local, Managers, National, Office, Owners, Policy, Professional, Regional, Zionsville jobs, Zionsville office | Leave a comment

Hat World to Invest $21.77M in Major HQ, Distribution Expansion in Indiana

Hat World Inc. has announced it would invest $21.77 million in the expansion of its headquarters and distribution operations in central Indiana and create up to 758 jobs by 2025. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Genesco Inc., Hat World Inc., indianapolis, Indianapolis industrial, Indianapolis jobs, Indianapolis Lead Story, Industrial, Investors, LIDS Clubhouse, Lids Sports Group, LIDS Team Sports, Local, Managers, National, Office, Owners, Policy, Professional, Regional, Zionsville jobs, Zionsville office | Leave a comment

Trade Street Residential Pays $44M for Memphis Luxury Apartments

Florida-based Trade Street Residential, Inc. has announced the acquisition of the 330-unit Miller Creek at Germantown luxury apartment community for $43.8 million from LIV Development LLC – formerly known as Red Mountain Development. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Brokers, Charlan Brock & Associates, common stock offering, Condo, Co-op, HOA, Developers, Development, Finance/Investment, Financiers, Fogelman Management Group, Forest Hill Heights Planned Development, Germantown submarket, high-end garden-style apartments, investment grade luxury apartment community, Investors, LIV Development LLC, Local, luxury, luxury apartment community, luxury Memphis apartments, Managers, memphis, Memphis apartment market, Memphis apartment sale, Memphis Lead Story, Miller Creek at Germantown, Miller Creek Residences LLC, mortgage, National, Owners, Property Management, Red Mountain Development, Regional, Robins & Morton, The Estates at Wake Forest, Trade Street Residential Inc. | Leave a comment

Rockbridge Capital Acquires Aqua Wave Waikiki Hotel for $48M

Ohio-based private equity firm Rockbridge Capital has purchased the Aqua Wave Waikiki hotel in Honolulu from Ramsfield Hospitality Finance’s CR Wave LLC. According to the Pacific Business News, the leasehold property at 2299 Kuhio Ave. sold for $48 million. Continue reading

Posted in Acquisitions/Dispositions, Aqua Wave Waikiki, Commercial, Consumer, Courtyard by Marriott, Developers, Development, Finance/Investment, Hawaii Reserves Inc, honolulu, Honolulu hospitality, Honolulu Lead Story, Hospitality, Investors, Jones Lang LaSalle, Laie Ventures LLC, Local, Managers, National, Owners, Professional, Property Management, Ramsfield Hospitality Finance, Regional, RockBridge Capital LLC | Leave a comment

Rockbridge Capital Acquires Aqua Wave Waikiki Hotel for $48M

Ohio-based private equity firm Rockbridge Capital has purchased the Aqua Wave Waikiki hotel in Honolulu from Ramsfield Hospitality Finance’s CR Wave LLC. According to the Pacific Business News, the leasehold property at 2299 Kuhio Ave. sold for $48 million. Continue reading

Posted in Acquisitions/Dispositions, Aqua Wave Waikiki, Commercial, Consumer, Courtyard by Marriott, Developers, Development, Finance/Investment, Hawaii Reserves Inc, honolulu, Honolulu hospitality, Honolulu Lead Story, Hospitality, Investors, Jones Lang LaSalle, Laie Ventures LLC, Local, Managers, National, Owners, Professional, Property Management, Ramsfield Hospitality Finance, Regional, RockBridge Capital LLC | Leave a comment

IHG Announces Opening of Newly Renovated Holiday Inn Express Hotel & Suites Bloomington – West

InterContinental Hotels Group recently announced the opening of the newly renovated Holiday Inn Express Hotel & Suites Bloomington – West. Located at 7770 Johnson Avenue in South Bloomington, close to the Minneapolis St. Paul International Airport and the Mall of America, the 159-room hotel is one of the largest Holiday Inn Express hotels in Minnesota, by number of rooms. Continue reading

Posted in 7770 Johnson Avenue, Acquisitions/Dispositions, Architecture/Design, Ascend Collection by Choice Hotels, Bloomington Hotel Acquisition LLC, Commercial, Consumer, Consumer Type, economy, Finance/Investment, Holiday Inn Express Hotel & Suites Bloomington – West, Hospitality, Intercontinental Hotels Group, Investors, Le Bourget Aero Suites, Local, Madison Hospitality Group LLC, Maintenance, Managers, minneapolis, Minneapolis Lead Story, National, operations, Owners, Professional, Property Management, Property Type, Regional | Leave a comment

Kennedy Wilson is New Owner of Victory Plaza and Multifamily Site in North Hollywood After Purchasing $30 Million of Debt

Kennedy Wilson, an international real estate investment and services firm, recently expanded its retail portfolio with a Los Angeles grocery-anchored property. The company is the new owner of Victory Plaza, a North Hollywood retail center, as well as a development site that has all the papers in place for a multifamily development. Kennedy Wilson had purchased the debt on the two assets in December of last year from an Ireland-based financing firm, for a total of $30 million. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, economy, Finance/Investment, Financiers, Investors, Kennedy Wilson, Leasing, Local, Los Angeles Lead Story, Los Angeles retail market, los-angeles, Managers, National, Owners, Pacific Western Bank, Policy, Professional, Regional, Retail, Victory Plaza | Leave a comment

ARTIC Acquires St. Regis Bal Harbour Resort for $213M

Al Rayyan Tourism Investment Company (ARTIC) along with Starwood Hotels & Resorts Worldwide Inc. recently announced that ARTIC has purchased the St. Regis Bal Harbour Resort in Miami. The transaction was worth $213 million. Continue reading

Posted in acquisition, Acquisitions/Dispositions, Al Faisal Holding Company, Al Rayyan Tourism Investment Company, Architecture/Design, Art Deco, ARTIC, Bal Harbour Shops, Brokers, condo-hotel, economy, Finance/Investment, H.E. Sheikh Faisal Bin Qassim Al Thani, Hospitality, indoor function space, Investors, J & G Grill, Local, Managers, miami, Miami Lead Story, Middle East, National, oceanfront, Owners, Qatar, Regional, Remède Spa, Residential, Sieger Suarez Architectural Partnership, South Beach, St. Regis Bal Harbour Residences, St. Regis Bal Harbour Resort, Starwood Hotels & Resorts Worldwide, Starwood Hotels & Resorts Worldwide Inc., Yabu Pushelberg | Leave a comment

BYTEGRID Holdings LLC Acquires 70,000 SF Data Center in Aurora

BYTEGRID Holdings LLC recently announced the acquisition of a 70,000-square-foot, Tier III data center in Aurora, Ill. Continue reading

Posted in Acquisitions/Dispositions, BYTEGRID Holdings LLC, chicago, Chicago Lead Story, CNA Financial Corporation, Commercial, Continental Casualty Company, Data Center, economy, Investors, Leasing, Local, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, Tech, Technology | Leave a comment

Pathfinder Partners Acquires M-U Development in Denver

San Diego-based Pathfinder Partners LLC has purchased the newly constructed King Lofts, marking the company’s 10th Colorado acquisition. Pathfinder partnered with Denver-based The Craft Companies LLC on the acquisition. Continue reading

Posted in 3451 West 38th Avenue, Acquisitions/Dispositions, Architecture/Design, Commercial, Condo, Co-op, HOA, denver, Denver Lead Story, Developers, economy, Finance/Investment, Financiers, Investors, King Lofts, Leasing, Local, Managers, Multi-Family, National, Owners, Pathfinder Partners LLC, Professional, Property Management, Property Type, Regional, Residential, Retail, The Craft Companies LLC | Leave a comment

August Wilson Center in Downtown Pittsburgh Could Be Liquidated

A court-appointed conservator recommends that the August Wilson Center for African American Culture in downtown Pittsburgh be sold and its assets liquidated. Continue reading

Posted in August Wilson Center for African American Culture, Commercial, Consumer, Developers, Development, Dollar Bank, Education, Finance/Investment, Hospitality, Investors, Judith Fitzgerald, Leasing, Local, Managers, Multi-Family, National, NRP Group, Owners, pittsburgh, Pittsburgh Lead Story, Pittsburgh senior, Policy, Professional, Regional, Residential, Senior, Valcott Enterprises | Leave a comment

Public-Private Partnership Brings 878 Student Housing Beds and 110KSF Office Building to Columbia

Student housing continues to enjoy an upswing in South Carolina, with Columbia being at the foremost of student housing activity. And a new public-private partnership between the University of South Carolina (USC) and Atlanta-based Holder Properties will spice things further up. Continue reading

Posted in academic office building, Architecture/Design, Aspyre at Assembly Station, Charleston-Columbia, Charleston-Columbia Lead Story, Columbia student housing, Columbia student housing market, Developers, Development, economy, Finance/Investment, Financiers, Holder Properties, Innovista, Investors, Leasing, Local, Maintenance, Managers, mixed-use, National, Office, Owners, Policy, Property Management, public-private partnership, Regional, Retail, street-level retail, Student, University of South Carolina | Leave a comment

Starwood Capital Taps Cassidy Turley To Manage 1 MSF Office Portfolio

Cassidy Turley, a commercial real estate services company, is reaping some of the benefits of the monster office deal completed between Starwood Capital Group Global and Kilroy Realty Corporation. After the deal worth around $327 million was completed earlier this year, the new owner has already made the first change to the portfolio, by awarding the management contract for the 12 office assets to Cassidy Turley. The properties are located in two of San Diego’s best performing submarkets in terms of commercial real estate, four of them in Sorrento Mesa and the other eight in Rancho Bernardo. Continue reading

Posted in Acquisitions/Dispositions, Cassidy Turley Southwest Property Management Division, Commercial, Finance/Investment, Investors, Kilroy Realty Corp., Leasing, Local, management contract, Managers, Office, Owners, Professional, Property Management, San Diego, San Diego Lead Story, San Diego office market, Starwood Capital Group | Leave a comment

Highwoods Properties to Develop $15M Build-To-Suit HQ for Biologics in Cary

Highwoods Properties has been selected to develop a 75,000-square-foot, three-story Class A office building for Biologics, Inc. in Cary. The new facility is slated to rise on seven acres of Highwoods -owned land at Weston Parkway. Continue reading

Posted in Biologics Inc, Cary office, Commercial, Developers, Development, Ed Fritsch, Finance/Investment, Highwoods Properties, Investors, Leasing, Local, Managers, MetLife, National, Office, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Stuart Frantz | Leave a comment

Highwoods Properties to Develop $15M Build-To-Suit HQ for Biologics in Cary

Highwoods Properties has been selected to develop a 75,000-square-foot, three-story Class A office building for Biologics, Inc. in Cary. The new facility is slated to rise on seven acres of Highwoods -owned land at Weston Parkway. Continue reading

Posted in Biologics Inc, Cary office, Commercial, Developers, Development, Ed Fritsch, Finance/Investment, Highwoods Properties, Investors, Leasing, Local, Managers, MetLife, National, Office, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Stuart Frantz | Leave a comment

University of North Florida, Habitat for Humanity Join to Build Homes in Historic New Town

The University of North Florida joined with Habitat for Humanity of Jacksonville to build a home in the historic New Town neighborhood. Building of the ranch-style model home at 1819 West 5th Street was supervised by UNF’s College of Computing, Engineering and Construction students. Continue reading

Posted in A Brush with Kindness, affordable housing, Architecture/Design, bidding, construction management, Construction Specialties of North Florida, Contractors, Critical Home Repair, David Hacker, Developers, Development, Duval County, economy, fair housing, Finance/Investment, Financiers, HabiJax, Habitat for Humanity, Habitat for Humanity of Jacksonville, historic neighborhood, Housing Counseling, inspection, interest-free mortgage, Investors, jacksonville, Jacksonville Lead Story, Local, Managers, National, New Town, non-profit, operations, Policy, Regional, rehabilitation, UNF, UNF Construction Management program, University of North Florida, Weatherization | Leave a comment

University of North Florida, Habitat for Humanity Join to Build Homes in Historic New Town

The University of North Florida joined with Habitat for Humanity of Jacksonville to build a home in the historic New Town neighborhood. Building of the ranch-style model home at 1819 West 5th Street was supervised by UNF’s College of Computing, Engineering and Construction students. Continue reading

Posted in A Brush with Kindness, affordable housing, Architecture/Design, bidding, construction management, Construction Specialties of North Florida, Contractors, Critical Home Repair, David Hacker, Developers, Development, Duval County, economy, fair housing, Finance/Investment, Financiers, HabiJax, Habitat for Humanity, Habitat for Humanity of Jacksonville, historic neighborhood, Housing Counseling, Investors, jacksonville, Jacksonville Lead Story, Local, Managers, Mark Riccaboni, National, non-profit, operations, Policy, Regional, rehabilitation, UNF, UNF Construction Management program, Weatherization | Leave a comment

Vancouver Apartment Community, Portland Industrial Facility Trades Mark Week

The Pacific Northwest has had a good week as a number of deals perfected across the region continue to indicate the fact that the local real estate market is currently thriving. A recent press statement announced the acquisition of The Villas at Bridge Creek, an apartment complex in Vancouver, WA, by Peak Capital Partners from seller Kingsbury LLC. This week also saw a deal perfected for the Portland Terminal Facility, as CorEnergy Infrastructure Trust, Inc. paid a fee of $40 million for the property. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, Conventional - Market Rate, CorEnergy Infrastructure Trust Inc., Development, economy, Fannie Mae, Finance/Investment, Financiers, Industrial, Investors, Kingsbury LLC, Local, Managers, Multi-Family, National, Owners, Peak Capital Partners, Portland industrial acquisition, Professional, Regional, Residential, seattle, Seattle Lead Story, The Villas at Bridge Creek, Vancouver residential market | Leave a comment

Endeavour Corp. Eyes Affordable Housing for Historic Germania Building

Local development firm Endeavour Corp. Inc. is planning to purchase the foreclosed Germania Building in downtown Milwaukee and convert it into 78 affordable apartments. Continue reading

Posted in Acquisitions/Dispositions, affordable housing, Commercial, Consumer, Developers, Development, Endeavour Corp. Inc., Finance/Investment, Germania Building, Hampton Inn & Suites Milwaukee Downtown, Hospitality, Investors, Korb Tredo Architects, Leasing, Local, Magna Hospitality Group LLC, Managers, milwaukee, Milwaukee apartment, Milwaukee hospitality, Milwaukee Lead Story, mixed-use, Multi-Family, Office, Owners, Professional, Property Management, Residential, Retail, Vangard Group LLC | Leave a comment

Tennessee Billionaire Acquires Over 3,000 Acres of Land on Kauai

Tennessee billionaire Brad Kelley has recently purchased over 3,000 acres of agricultural land on the island of Kauai, the Pacific Business News reports. Lihue-based Grove Farm Co., which is owned by AOL founder Steve Case, sold the property for an undisclosed amount. The land is located in the Puhi area of Lihue. Continue reading

Posted in Acquisitions/Dispositions, Brad Kelley, Brokers, Commercial, Condo, Co-op, HOA, Consumer, Developers, Development, Dow AgroSciences LLC, Finance/Investment, Franco Mola, Grove Farm, Hawaii Pacific Brokers LLC, honolulu, Honolulu Lead Story, Industrial, Investors, Leasing, Local, Managers, MJF Development Corporation, Multi-Family, National, Owners, Policy, Professional, Property Management, Regional, Residential | Leave a comment

Starwood to Open Landmark Canterbury Hotel Downtown as Le Méridien Indianapolis

Starwood Hotels & Resorts has announced that the iconic Canterbury Hotel in the heart of downtown Indianapolis will reopen under the company’s luxurious Le Meridien brand in November. Continue reading

Posted in Architecture/Design, Azul Hospitality, Canterbury Hotel, Commercial, Consumer, Developers, Development, Finance/Investment, Hospitality, indianapolis, Indianapolis hospitality, Indianapolis Lead Story, Investors, Le Méridien, Le Méridien Indianapolis, Local, Managers, National, Owners, Professional, Property Management, Regional, RockBridge Capital LLC, Starwood Hotels & Resorts | Leave a comment

Edward Rose Plans $80M Mixed-Use Development in Carmel

A large-scale mixed-use complex could soon rise on one of the last remaining undeveloped sites in Carmel’s Old Meridian district. According to the Indianapolis Business Journal, a plan commission committee is currently reviewing the $80 million project proposed by Edward Rose Properties Inc. Plans call for 400 apartments, a four-story parking garage, above-ground-floor retail space, 65 single-family town homes, a senior-living community (with independent living, assisted living and memory care units) and a 100-plus-room boutique hotel. Continue reading

Posted in Alexandria Apartments, Assisted Living, Brokers, Carmel apartment, Carmel mixed-use, Commercial, Consumer, Conventional - Market Rate, Developers, Development, economy, Edward Rose Properties, Finance/Investment, Hospitality, indianapolis, Indianapolis Lead Story, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Property Management, Regional, Residential, Retail, Senior, single-family, The District, Tikijian Associates | Leave a comment

Grubb Properties Acquires Beckanna on Glenwood Multi-Family Community in Raleigh

An affiliate of Grubb Properties of Charlotte has recently purchased the 254-unit Beckanna on Glenwood apartment complex in Raleigh. According to the Triangle Business Journal, an affiliate of Trade Street Residential of Aventura, Fla. sold the 1960s-era property at 3939 Glenwood Avenue for $8.8 million, or $34,646 per unit. Continue reading

Posted in Acquisitions/Dispositions, Beckanna on Glenwood, BioMed, Chesterfield Building, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Grubb Properties, Industrial, Investors, Leasing, Liggett & Myers Tobacco Company, Local, Managers, Multi-Family, National, Owners, Professional, Property Management, Raleigh apartment, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, research, Residential, Sterling Forest Apartments, Sterling Glenwood, Sterling Town Center Apartments, Wexford Science & Technology | Leave a comment

Invesco Buys 388 KSF San Francisco Office Tower from Hines

Invesco Real Estate has purchased the 24-story, 388,370-square-foot Class A office tower at 101 Second St. in San Francisco’s SoMa district from Hines, the latter’s San Francisco office announced Friday. The closing took place on Jan. 7, a Hines spokesperson told Commercial Property Executive. Financial terms of the sale were not disclosed. Continue reading

Posted in 101 Second Street, Acquisitions/Dispositions, Brokers, CBRE, Commercial, economy, Finance/Investment, Financiers, Hines, INVESCO Real Estate, Investors, LEED, Local, Managers, National, Office, Owners, Policy, Professional, Regional, San Francisco Lead Story, San Francisco office market, san-francisco, Skidmore Owings and Merrill | Leave a comment

94-Unit Apartment Asset Sold to California Hedge Fund; 440 on Third Starts Construction

Black Warrior LLC has sold Newport Villa Apartments, a 94-unit apartment complex located on La Annie Drive, north of Florida Boulevard, cashing in $1.2 million or $12,765 per unit for the asset Continue reading

Posted in 3Chix Realty, 440 on Third, Acquisitions/Dispositions, Architecture/Design, Baton Rouge, Baton Rouge apartment market, Baton Rouge Lead Story, Baton Rouge multifamily market, Black Warrior LLC, Brokers, Buquet & LeBlanc Inc., Condo, Co-op, HOA, David Weinstein, Developers, Development, Distressed Property, DNA Workshop, downtown apartments, downtown grocery store, downtown revitalization, Dyke nelson Architecture LLC, economy, Finance/Investment, Financiers, Green, Investors, Leasing, leed certification, Local, Maintenance, Managers, Matherne’s Supermarket, mixed-use, mixed-use development, National, Newport Holdings LLC, Newport Villa Apartments, Office, office space, Owners, Property Management, reatil space, Regional, Reliant Property Management, Residential Component, Retail | Leave a comment

Luxury Apartments Sell for $59M in Charlotte

Invesco Real Estate, the real estate branch of global diversified independent investment management firm Invesco, has acquired the 10-acre Junction 1504 apartment community for $59 million Continue reading

Posted in Acquisitions/Dispositions, apartment acquisition, Architecture/Design, Brokers, CBRE Group Inc., charlotte, Charlotte apartment market, Charlotte Lead Story, Charlotte South End, Condo, Co-op, HOA, Developers, Energy Star appliances, Finance/Investment, Financiers, Green, Greystar, Invesco, INVESCO Real Estate, Investors, JLB Partners, Junction 1504, light-rail line, Local, luxury, Managers, National, Owners, Property Management, Regional, water efficient plumbing | Leave a comment

San Jose’s Santana Row Completes Agreement With Car Charging Group for New EV Charging Stations

The San Francisco Bay ended 2013 on an extremely high note for the local office market, offering great prospects for the area’s real estate market in 2014. To open the year, big green energy news emerged as Car Charging Group, Inc. announced a newly sealed agreement with Federal Realty Investment Trust to expand the availability of EV charging services at Santana Row. Continue reading

Posted in Car Charging Group Inc., Commercial, Conventional - Market Rate, Developers, Development, economy, EV charging station, Federal Realty Investment Trust, Finance/Investment, Green, Investors, Local, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, Retail, San Francisco Lead Story, san-francisco, Santana Row, Silicon Valley mixed-use community, Tech, Technology | Leave a comment

RADCO Buys 284-Unit M-F Asset in Jenks; MC Cos. Adds 208-Unit Tulsa Property to Portfolio

The RADCO Companies, a real estate turnaround specialist, has purchased The Overlook Apartments in Tulsa, Oklahoma for $12.8 million. Continue reading

Posted in 6339 South 33rd West Avenue, Acquisitions/Dispositions, Ashford Overlook, Conventional - Market Rate, Finance/Investment, Investors, Leasing, Local, Managers, MC Companies, MC Residential, Multi-Family, Owners, Professional, Property Management, Property Type, Residential, The Lodge, The Overlook Apartments, The Place at 81 Yale, The RADCO Companies, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

TechTown Opens Junction440 as Shared Work Space for Entrepreneurs

TechTown Detroit, a non-profit business incubator and accelerator based in Midtown within the Woodward Technology Corridor SmartZone, seized this opportunity and recently opened a new co-working space designed for entrepreneurs seeking an affordable, flexible and active work environment. Continue reading

Posted in 440 Burroughs Street, Acquisitions/Dispositions, Albert Kahn, Architecture/Design, business incubator, co-working space, Commercial, Consumer, detroit, Detroit Lead Story, Developers, Development, economy, Finance/Investment, Investors, Junction440, Leasing, Local, Managers, Midtown Detroit, National, Office, operations, Professional, Regional, shared workspace, startups, Tech, Technology, TechTown Detroit | Leave a comment

Walnut Capital to Begin Construction on New Office Building at Bakery Square 2.0 This Spring

Walnut Capital Partners is planning to break ground on the first office building of its approximately $100 million Bakery Square 2.0 mixed-use development in East Liberty this spring. According to the Pittsburgh Business Times, construction on the six-story, 216,000-square-foot facility is expected to begin in March and be complete in 18 to 24 months. The Pittsburgh Planning Commission is currently reviewing the developer’s proposal. Continue reading

Posted in Acquisitions/Dispositions, Bakery Square 1.0, Bakery Square 2.0, Brokers, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Google, HFF Inc, Hospitality, Investors, JLL Hospitality, Leasing, Local, Managers, mixed-use, Multi-Family, National, Office, Owners, pittsburgh, Pittsburgh hospitality, Pittsburgh Lead Story, Pittsburgh mixed-use, Policy, Professional, Property Management, RCG Longview Fund, Regional, Residential, SpringHill Suites at Bakery Square, Walnut Capital Partners | Leave a comment

AEW Buys Renton Shopping Center from Pearlmark Harvest Lakeshore in Blockbuster Deal

A massive retail transaction was recently completed for a large Renton property in a deal worth approximately $165.4 million. A unit of Boston-based investment fund AEW Global purchased the The Landing shopping center from its now former owner and developer Pearlmark Harvest Lakeshore. Following the transaction, management duties for The Landing will continue to be carried out by JSH Properties. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Investors, Leasing, Local, Managers, Marcus & Millichap Real Estate Investment Services Inc., National, Owners, Pearlmark Harvest Lakeshore, Policy, Professional, Regional, Renton retail, Retail, seattle, Seattle Lead Story, Seattle metro area | Leave a comment

Hilton Opens Home2 Suites Extended-Stay Hotel in South Jordan

As 2013 draws to a close, Salt Lake City is gearing up for a good year, with reports projecting the city’s residential market as one of the fastest rising in the entire U.S. However the end of the year has seen one of the more low-key sectors of the area’s real estate market finish on a high note as Hilton announced the opening of its Home2Suites by Hilton Salt Lake City/South Jordan. The facility is under the ownership of South Jordan Hotel Ownership, LLC, with management duties handled by Widewaters Hotels LLC. Continue reading

Posted in Commercial, Developers, Development, Home2Suites by Hilton, Hospitality, Investors, Local, Managers, National, Owners, Professional, River Front Parkway Corporate Center, Salt Lake City, Salt Lake City hospitality market, Salt Lake City Lead Story, South Jordan Hotel Ownership, Widewaters Hotels | Leave a comment

John Hancock Acquires Iconic 200 South Wacker Tower

After KBS REIT III acquired the 1.5 million-square-foot tower located at 500 West Madison Street in downtown Chicago earlier this month, another skyscraper has changed owners in Chicago. The 40-story 200 South Wacker has been acquired by John Hancock for $214.5 million. Continue reading

Posted in 100 William Street, 200 South Wacker, 500 West Madison Street, Acquisitions/Dispositions, Architecture/Design, Brokers, chicago, Chicago Lead Story, Chicago office tower sale, Commercial, economy, Equity Group Investments, Finance/Investment, Financiers, Harry Weese & Associates, HFF, Investors, J. F. McKinney & Associates, John Hancock, KBS Real Estate Investment Trust III, Leasing, Local, Maintenance, Managers, Manulife Financial Corporation, National, Office, operations, Owners, Pearlmark Real Estate Partners, Policy, Professional, Property Management, Property Type, Regional, TIER REIT, Wellesley Office Park | Leave a comment

L3C Capital Partners Selects Village Green to Manage The Munsey in Downtown Baltimore

Baltimore’s Munsey Building was recently acquired by L3C Capital Partners LLC. According to The Baltimore Business Journal, the New York-based investment company paid $18.35 million for the building. Now, the new owner has selected Village Green, a Detroit-based apartment manager and owner, to manage the historic community Continue reading

Posted in acquisition, Acquisitions/Dispositions, Apartments, baltimore, Baltimore Lead Story, Brokers, Condo, Co-op, HOA, economy, L3C Capital Partners, Local, management, Managers, Multi-Family, Munsey Building, National, Property Management, Regional, residential real estate, Village Green | Leave a comment

Middle Street Partners Acquires Mebane Multi-Family Community for $21.5M

Middle Street Partners LLC of James Island, S.C. has acquired the Carden Place Apartments at 101 Carden Place Drive in Mebane. According to the CoStar Group, Greensboro-based Brown Investment Properties sold the 240-unit community for $21.5 million, or approximately $90,000 per unit. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Brown Investment Properties, Carden Place Apartments, CBRE, Commercial, Consumer, Conventional - Market Rate, Developers, Finance/Investment, Investors, Leasing, Local, Managers, Marcus & Millichap Real Estate Investment Services, Mebane apartment, Middle Street Partners LLC, Multi-Family, National, North Market Square, Owners, Professional, Property Management, Raleigh retail, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Retail, South Coast Commercial LLC | Leave a comment

Pedcor to Expand Massive City Center Mixed-Use Development in Carmel

Developer Pedcor Cos. is planning to invest between $80 million to $100 million in the expansion of its major commercial and residential Carmel City Center development. Continue reading

Posted in Bruce Cordingley, Carmel City Center, Carmel mixed-use, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Hospitality, indianapolis, Indianapolis Lead Story, Indianapolis mixed-use, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Office, Owners, Pedcor Companies, Professional, Regional, Residential, Retail | Leave a comment

Village Green Breaks Ground on 82-Unit Addition to Historic Apartments

West End City Apartments recently broke ground on a luxury 82-apartment mid-rise building, an addition to the existing 318 apartments in three historic high-rises. Continue reading

Posted in Architecture/Design, BKV Group, Brinkmann Constructors, Brokers, Central West End City Apartments, City Apartments at West End LLC, Damon Farber & Stock Associates, Developers, Development, economy, Finance/Investment, Financiers, Green, L.A. Ads Inc., Leasing, Local, luxury, luxury apartments, Maintenance, Managers, Multi-Family, National, operations, Owners, Professional, Property Management, Regional, Residential, St. Louis, St. Louis Lead Story, Union Labor Life Insurance Company, VG Interiors, Village Green, Village Green Holding LLC | Leave a comment

Developers Plan Second Luxury Condo Complex at Ala Moana Center in Honolulu

An ultra-luxury condominium complex is slated to rise on the makai (ocean side) parking lot of Ala Moana Center in downtown Honolulu. Continue reading

Posted in BlackSand Capital, Consumer, Developers, Development, economy, Finance/Investment, General Growth Properties, honolulu, Honolulu condominium, Honolulu Lead Story, Investors, Kobayashi Group, Local, luxury, Managers, Multi-Family, National, ONE Ala Moana, Owners, Professional, Regional, Residential, The Howard Hughes Corporation, The MacNaughton Group | Leave a comment

CBRE Announces Sale of Two Office Buildings at Excelsior Crossings

CBRE recently announced the sale of two office buildings located in Hopkins, Minnesota. The seller, Real Estate Capital Partners on behalf of IVG Institutional Funds GmbH, was represented by the CBRE Institutional Group in Minneapolis led by Steven Buss, Tom Holtz, Ryan Watts and Judd Welliver. Continue reading

Posted in 9350 Excelsior Boulevard, 9380 Excelsior Boulevard, Acquisitions/Dispositions, Architecture/Design, Brokers, Cargill Inc., CBRE, CBRE Institutional Group in Minneapolis, Commercial, Developers, economy, Excelsior Crossings, Finance/Investment, Green, Investors, IVG Institutional Funds GmbH, Leasing, LEED Gold, Local, Managers, minneapolis, Minneapolis Lead Story, National, Office, operations, Owners, Professional, Property Management, Property Type, Real Estate Capital Partners, Regional, The Opus Group, U.S. Green Building Council | Leave a comment

KBS REIT III Acquires 500 West Madison and Names Transwestern Exclusive Leasing & Management Agent

Transwestern recently announced it has been named the exclusive leasing agent and property manager for Citigroup Center. Located at 500 West Madison Street in downtown Chicago, the 1.5 million-square-foot Class A mixed-use tower was purchased by KBS Real Estate Investment Trust III for around $425 million plus closing costs. Continue reading

Posted in 300 North LaSalle, 500 West Madison Street, Acquisitions/Dispositions, Brokers, chicago, Chicago Lead Story, Citigroup Center, Citigroup Inc., Commercial, economy, Finance/Investment, Helmut Jahn, Investors, KBS Real Estate Investment Trust III, Leasing, LEED Gold, Local, Managers, National, Office, Ogilvie Transportation Center, operations, Orbitz Worldwide Inc., Owners, Professional, Property Management, Property Type, Regional, transwestern, W.W. Grainger | Leave a comment

Tryko Partners Acquires Affordable Multifamily Community in Leechburg

Private equity real estate group Tryko Partners, LLC has announced the acquisition of Sandalwood Apartments, an 86-unit affordable multi-family community in Leechburg, PA. Continue reading

Posted in Acquisitions/Dispositions, affordable housing, Brokers, CBRE Capital Markets, Consumer, Developers, Development, Finance/Investment, Investors, Leasing, Leechburg apartment, Local, Managers, Marcus & Millichap, Multi-Family, National, Owners, pittsburgh, Pittsburgh apartment, Pittsburgh Lead Story, Professional, Property Management, Regional, Residential, Sandalwood Apartments, Tryko Partners | Leave a comment

Downtown Capital Gains State Agency Approval for Second Condo Tower on Former Honolulu Advertiser Site

The Hawaii Community Development Authority (HCDA) has approved the construction of a second affordable condominium high-rise on the site of the former Honolulu Advertiser building in Kakaako. The back portion of the facility will be demolished to make room for the new development. Continue reading

Posted in Acquisitions/Dispositions, affordable housing, Alexander & Baldwin, CBS Productions, Condo, Co-op, HOA, Consumer, Developers, Development, Downtown Capital LLC, economy, Finance/Investment, Hawaii Community Development Authority, honolulu, Honolulu Advertiser, Honolulu affordable, Honolulu condominium, Honolulu Lead Story, Investors, Leasing, Local, Managers, Marshall Hung, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, Senior, Stanford Carr Development, Waihonua at Kewalo | Leave a comment

Campbell Mithun Relocating to Historic 510 Marquette Building

Minneapolis advertising agency Campbell Mithun recently signed a lease to become anchor tenant in the historic 510 Marquette building and will collaborate with Julie Snow Architects to design the new space. Continue reading

Posted in 222 South 9th Street, 510 Marquette, Architecture/Design, Campbell Mithun, Campbell Mithun Tower, Commercial, Conventional - Market Rate, Developers, Development, economy, Fifth Street Towers, Finance/Investment, James Corner Field Operations, Julie Snow Architects, Leasing, Local, luxury, Managers, minneapolis, Minneapolis Lead Story, Multi-Family, National, Nicollet mall, Office, operations, Policy, Professional, Property Management, Property Type, Regional, Residential, Soo Line Building City Apartments, The Nic on Fifth, Xcel Energy | Leave a comment

GE Selects Oklahoma City Site for $110M Oil & Gas Research Center

By Gabriel Circiog, Associate Editor General Electric has picked downtown Oklahoma City as the site of a $110 million oil and gas technology research center. As previously reported by Commercial Property Executive in April 2013, GE has been searching for a site to build a facility that will pursue innovation in oil and gas technology [...] Continue reading

Posted in 10th and Walnut Avenue, Acquisitions/Dispositions, Architecture/Design, Commercial, Consumer Type, Developers, Development, Finance/Investment, Financiers, GE Global Research Oil & Gas Technology Center, GE Oil & Gas’ Artificial Lift, General Electric, Governor Mary Fallin, Industrial, Investors, Leasing, Local, Managers, Miles Associates, Office, Oklahoma City Lead Story, Oklahoma City Mayor Mick Cornett, Oklahoma State University, Oklahoma Urban Renewal Association, operations, Owners, Policy, Professional, Property Management, Property Type, Tech, Technology, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story, University of Oklahoma, University of Tulsa | Leave a comment

Eco-Friendly Live+Work Neighborhood in the Pipeline for Fort Lauderdale

An innovative residential project is taking shape in Fort Lauderdale’s Oakland Park area. Located at the corner of Prospect and Powerline Roads, 43 Urban Village offers an environmentally friendly, Live+Work lifestyle for future residents. Continue reading

Posted in 43 Urban Village, Architecture/Design, bamboo floor, Brokers, business space, CFL bulbs, Condo, Co-op, HOA, Developers, Development, Eco-Friendly, economy, energy efficient building, Energy Star appliances, Finance/Investment, Financiers, Fort Lauderdale, Green, insulation, Investors, Live+Work, Local, low volume flush toilets, low-e windows, low-flow faucets, Managers, miami, Miami Lead Story, National, Oakland Park, pre-construction development, programmable thermostats, rain sensor sprinkler system, Regional, renewable materials, Residential, The Henri Frank Group | Leave a comment

Noble Investment Group to Convert Q Hotel in Historic District to Marriott’s AC Hotel

Noble Investment Group recently announced the acquisition of the Q Hotel situated in the Historic Westport District of Kansas City, Missouri. The hotel is scheduled to undergo a thorough renovation and conversion in the scope of becoming one of the first AC Hotels by Marriott properties located in the United States. Continue reading

Posted in AC Hotel by Marriott in Kansas City, Acquisitions/Dispositions, Architecture/Design, Commercial, Developers, Development, Finance/Investment, Hospitality, Investors, Kansas City, Kansas City hotel acquisition, Kansas City Lead Story, Local, Managers, National, Noble Investment Group, operations, Owners, Professional, Property Management, Property Type, Q Hotel, Regional | Leave a comment

Phillips Edison-ARC Shopping Center REIT Inc. Acquires Three Grocery-Anchored Shopping Centers, Including Golden Town Center

Phillips Edison-ARC Shopping Center REIT recently announced the acquisition of three grocery-anchored shopping centers. The acquisitions will expand the REIT’s presence in Maryland, Colorado and Minnesota and bring the total number of properties acquired by the company in the last quarter to 14. Continue reading

Posted in Acquisitions/Dispositions, City of Denver, CNG fueling station, Collington Plaza, Commercial, denver, Denver Lead Story, Denver Public Works, Developers, Development, economy, Finance/Investment, Golden Town Center, Industrial, Investors, King Soopers, Leasing, Local, Managers, Municipal, National, Northstar Marketplace, operations, Owners, Phillips Edison-ARC Shopping Center REIT Inc., Policy, Professional, Property Management, Property Type, Regional, Retail, Tech, Technology | Leave a comment

Downtown Condos Expected to Sell Out Fast

Downtown Tucson Partnership has high expectations of the Flats at Julian Drew Block Condominiums community as all 53 units at 128 S 5th Avenue of are now listed for individual sale and the partnership anticipates great interest from buyers. Continue reading

Posted in Acquisitions/Dispositions, Brokers, climate control, community, Condo, Co-op, HOA, condominium, Developers, Development, Downtown Tucson Partnership, economy, Finance/Investment, Investors, Local, Maintenance, Managers, Michael Guymon, Michael Keith, mortgage, National, ownership, recessed lighting, redevelopment, Regional, Regional Development, renovations, swimming pool, the Flats at Julian Drew Block Condominiums, Tierra Antigua Realty, tucson, Tucson Lead Story, Tucson Regional Economic Opportunities | Leave a comment

Peak Campus Management Tapped to Manage University Station in Cincinnati

Ackerman Group has announced that is has chosen Peak Campus Management as the property manager for the real estate company’s University Station community. Continue reading

Posted in Ackermann Group, cincinnati, Development, Headline News, Managers, Marketing/Leasing, Midwest, mixed-use, Peak Campus Management, Property Management, student housing, Today's Headlines, University Station, Xavier University | Leave a comment

Columbia Residential Opens $24M Luxury Seniors Housing

Heritage Senior Residences at Columbia Parc, one of the most highly anticipated projects in New Orleans has celebrated its grand opening in Gentilly, with the first residents expected to move in starting March 2014. Continue reading

Posted in affordable housing, Architecture/Design, Columbia Parc at the Bayou District, Columbia Residential, Columbia Residential Managemen, Condo, Co-op, HOA, Conventional - Market Rate, Developers, Development, economy, Education, Energy Star, FEMA grant, Finance/Investment, Financiers, Gentilly submarket, Green, HANO, Health Care, Heritage Senior Residences at Columbia Parc, Housing Authority of New Orleans, Hurricane Katrina, Investors, Leasing, LEED Platinum-certified, Local, luxury, luxury apartment, luxury senior housing, Managers, Market rate housing, master-planned community, mixed-income community, mixed-use, movie theater, Municipal, National, New Orleans, New Orleans apartment market, New Orleans Lead Story, Owners, Policy, Property Management, Public Housing, Purpose Built Communities, Regional, Retail, Senior, senior housing | Leave a comment

Swedish Retailer IKEA Announces Plans for a 380,000 SF Store in St. Louis

Popular Swedish retailer IKEA recently announced it is submitting plans to the City of St. Louis for a store that will increase its presence in the Midwestern United States. A Kansas City-area store is already under construction and is on track to open in the fall of 2014 in Merriam, Kansas. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Commercial, Consumer, Cortex Innovation District, Developers, Development, economy, Finance/Investment, IKEA, IKEA St. Louis, Investors, Local, Managers, National, operations, Policy, Professional, Property Management, Property Type, Regional, Retail, St. Louis, St. Louis Lead Story, St. Louis retail development | Leave a comment

Howard Hughes Master-Planned Community Achieves LEED-ND Platinum Rating

The Howard Hughes Corporation’s massive Ward Village mixed-use residential community in Honolulu has been awarded LEED Neighborhood Development Platinum certification. Continue reading

Posted in affordable housing, Architecture/Design, Commercial, Condo, Co-op, HOA, Consumer, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Green, honolulu, Honolulu condominium, Honolulu Lead Story, Honolulu mixed-use residential, Hospitality, Investors, Leasing, LEED Neighborhood Development Platinum, Local, Managers, mixed-use, Multi-Family, Municipal, National, Owners, Professional, Regional, Residential, Retail, The Howard Hughes Corporation, Ward Village | Leave a comment

Grandbridge Finances $27.8M Senior Living Development

Charlotte, N.C.-based Grandbridge Real Estate Capital LLC, a subsidiary of Branch Banking and Trust Company, recently announced it has closed a $27,820,000 first mortgage construction/permanent loan secured by The Waters on Mayowood. Continue reading

Posted in Architecture/Design, Assisted Living, Branch Banking and Trust Company, Brokers, Consumer Type, Developers, Development, economy, Finance/Investment, Financiers, Grandbridge Real Estate Capital LLC, Leasing, Local, Managers, minneapolis, Minneapolis Lead Story, Multi-Family, National, operations, Owners, Professional, Property Management, Regional, Residential, Senior, senior living community Rochester, The Waters on Mayowood, The Waters Senior Living | Leave a comment

Connecture Signs 28.3 KSF Class-A Office Lease at 55 Allen Plaza

A full story will fill in at 55 Allen Plaza as Connecture Inc. signs an 11-year lease of 28,299 square feet of office space in the building that has reached an occupancy rate of 93 percent. Lincoln Property Company Southeast’s Tony Bartlett and Andy Sumlin of Cushman & Wakefield represented the landlord and Carla Williams and Jeff Samaras of Cushman & Wakefield spoke for the tenant in the transaction. Continue reading

Posted in 55 Allen Plaza Atlanta, Andy Sumlin, Architecture/Design, ASD Design, atlanta, Atlanta Better Buildings Challenge, Atlanta Lead Story, BOMA 360 Performance Building, Bread Box, Brokers, Carla Williams, Carlyle’s Catering Skanska, Centennial Olympic Park, class A office, Connecture Inc., Cushman & Wakefield, Doner Partners, downtown atlanta, Finance/Investment, Fogle Law Firm and Ernst & Young, Green, Investors, Jeff Samaras, Leasing, LEED Gold, LEED Gold certification, Lincoln Property Company Southeast, Local, Managers, National, Office, Owners, Regional, speculative suites, Tony Bartlett, W-Atlanta Downtown Hotel & Residences | Leave a comment

Arc Capital Partners Acquires The Establishment Apartment Community in Austin

On November 22, 2013, the Los Angeles-based boutique commercial real estate platform Arc Capital Partners, formed by industry veterans Quincy Allen and Neville Rhone, entered into a joint venture with Cardinal Group Investments (CGI) to acquire an apartment community located in the South Congress submarket of Austin. Continue reading

Posted in acquisition, Acquisitions/Dispositions, Arc Capital Partners, austin, Austin Lead Story, Brokers, Cardinal Group Investments, CGI, Consumer, Developers, Finance/Investment, Financiers, investment, Investors, Local, luxury, Managers, Mint Urban Apartments, Multi-Family, National, Professional, Property Management, Regional, Residential, The Establishment | Leave a comment

Davis Property to Start Construction on 243-Unit Apartment Project in Raleigh

Construction is about to begin on the 243-unit Jones Grant Apartments complex in Raleigh. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Conventional - Market Rate, Davis Property Group, Developers, Development, Durham hospitality, economy, Finance/Investment, Hilton Garden Inn Durham University Medical Center, Hospitality, Investors, Jones Grant Apartments, Leasing, Local, Managers, Multi-Family, National, Olympia Hotel Management, Owners, Professional, Property Management, Raleigh apartment, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Smart Hotels, The Olympia Companies | Leave a comment

Casino Del Sol Resort Adds Sewailo Golf Club

Casino Del Sol Resort invites players of all skill levels to Sewailo Golf Club starting with Dec. 12. The 200-acre course was designed by PGA Tour player, Golf Channel commentator and renowned golf course architect Notah Begay III. Continue reading

Posted in AAA Four Diamond Casino Resort, amphitheater, Architecture, Architecture/Design, Arizona, bar, Casino, Casino Del Sol Resort, Developers, Development, economy, Finance/Investment, Forbes Four Star, golf, golf equipment rental, golf practice area, golf-course, Green, Hospitality, Investors, Local, luxury, Managers, National, Notah Begay III, Owners, Pascua Yaqui Tribe, Regional, restaurant, Retail, Sewailo Golf Club, Sonoran Desert, SPORTS, tucson, Tucson Lead Story | Leave a comment

Sandia Resort & Casino Announces Contractors for Expansion Project

The Sandia Casino dates back to 2001, the seven-story hotel with the relaxing spa and 18-hole golf course were added in 2005. Located 10 miles north of Albuquerque, the Pueblo of Sandia recently announced the two contractors for the expansion of Sandia Resort & Casino that’s scheduled to begin by next year. Continue reading

Posted in Albuquerque, Albuquerque Lead Story, Arviso Okland, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Hospitality, Investors, Jaynes Corporation, Local, Managers, National, operations, Professional, Pueblo of Sandia, Regional, Retail, Sandia Resort & Casino | Leave a comment

HFF Markets Indianapolis Multi-Housing Communities on Behalf of Milhaus

Milhaus Ventures has retained HFF to market for sale two of its newly constructed multi-family communities, the 384-unit Solana Apartments at the Crossing in Indianapolis and the 193-unit Penn Circle Apartments in Carmel. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Conventional - Market Rate, Dave Keller, Developers, Development, Finance/Investment, HFF, Holliday Fenoglio Fowler, indianapolis, Indianapolis apartment, Indianapolis Lead Story, Investors, Ken Martin, Leasing, Local, Managers, Matthew Lawton, Milhaus Ventures, Multi-Family, National, Owners, Penn Circle Apartments, Professional, Property Management, Regional, Residential, Solana Apartments at the Crossing, Wick Kirby | Leave a comment

Farmers Insurance Signs 10-Year Lease Extension for Olathe Office

Farmers Insurance recently announced, through The Kansas Department of Commerce, it has extended its lease for its national property claims division offices in Olathe. Continue reading

Posted in 10551 South Ridgeview Road, Acquisitions/Dispositions, auction.com, Bloomfield Capital, Brokers, Commercial, economy, Farmers Insurance, Finance/Investment, Financiers, Hospitality, Kansas City, Kansas City Lead Story, Kansas Commerce Secretary Pat George, Leasing, Local, Managers, National, Office, Olathe office lease, operations, Policy, Professional, Property Management, Property Type, Regional, senior bridge loan, The Kansas Department of Commerce | Leave a comment

Stirling Properties Expands Holdings in United Plaza Office Park

Stirling Properties has led a group of local investors in purchasing United Plaza VIII, a three-story Class A office building located in the United Plaza Office Park in Baton Rouge. Continue reading

Posted in Acquisitions/Dispositions, Baton Rouge, Baton Rouge Lead Story, Brokers, Finance/Investment, Financiers, Investors, Leasing, Local, Managers, National, Office, operations, Owners, Property Management, Regional | Leave a comment

Zurich North America Reveals Team to Develop and Design New North American Headquarters in Schaumburg

By Gabriel Circiog, Associate Editor Zurich North America recently announced it has entered into agreements with Clayco, Goettsch Partners and CannonDesign for the development and design of their North American headquarters in Schaumburg. “We want our new, state-of-the-art campus in Schaumburg to be a source of pride for both the community and our employees,” says [...] Continue reading

Posted in Architecture/Design, CannonDesign, chicago, Chicago Lead Story, Clayco, Commercial, Developers, Development, economy, Finance/Investment, Goettsch Partners, Investors, Local, Managers, Motorola Solutions, National, Office, operations, Owners, Professional, Property Management, Property Type, Regional, Zurich North America, Zurich North American Headquarters | Leave a comment