Adrian Maties
Tabani Group Acquires Northgate Mall
By Adrian Maties, Associate Editor
Rockwood Real Estate Advisors announced on March 26 that it sold Cincinnati’s Northgate Mall on behalf of E3 Advisors, a court-appointed receiver. The Dallas-based Tabani Group acquired the mall through an affiliate, T Northgate Mall L.L.C., […]
Hamilton Square Expected to Sell for $200M
By Adrian Maties, Associate Editor
Shorenstein Properties has put Hamilton Square, the former Garfinckel’s Department Store at 600 14th St., N.W., on the market. The San Francisco-based real estate investor has retained New York-based real estate investment banking firm Eastdil Secured to […]
Old Cleveland Skyscraper to be Converted into Apartments
By Adrian Maties, Associate Editor
An office building in Cleveland’s downtown has been sitting empty since 2009, creating one of the largest dead zones in the city’s former financial district. Now, the K&D Group, Northeast Ohio’s largest privately held owner of […]
Duke Pays $22M for Five-Building Hamilton Portfolio
By Adrian Maties, Associate Editor
Duke Realty Corp. has purchased five 100 percent-leased medical buildings in Hamilton, a northern suburb of Cincinnati. The Cincinnati Business Courier reports that the company paid more than $22.2 million for the buildings. With the new […]
Work to Finally Start on East Campus in 2013
By Adrian Maties, Associate Editor
Back in 2007, the University of Maryland had big plans for its East Campus District. It wanted to transform the 38-acre site into a vibrant environment that would ultimately lead to the revitalization of College Park […]
AiNET to open Data Center in Glen Burnie
By Adrian Maties, Associate Editor
AiNet, the Beltsville-based IT solutions provider, announced on March 19 it is preparing to open a data center in Glen Burnie, Maryland. Called CyberNAP, the 300,000-square-foot facility will be housed in an existing building, the former […]
Inland Real Estate Buys Westgate Shopping Center
By Adrian Maties, Associate Editor
Inland Real Estate Corp. recently acquired the Westgate Shopping Center, a grocery-anchored power center in Fairview Park, paying $73.4 million for the property.
Westgate is located at the intersection of West 210 Street and Center Ridge Road on […]
LaSalle Pays $143.8M for DC’s Hotel Palomar
By Adrian Maties, Associate Editor
LaSalle Hotel Properties (NYSE: LHO) announced on March 9 it has acquired the Hotel Palomar in Washington D.C. The real estate investment trust paid $143.8 million for the hotel in an off-market transaction. It is the region’s […]
University Circle Plans $100M Tech, Office and Apartment Complex
By Adrian Maties, Associate Editor
Lot 45, a surface parking lot with 200 parking spaces, sits today at the edge of University Circle and Little Italy, a crucial piece of real estate in one of Cleveland’s most important neighborhoods. Starting next […]
580 Building Sold at Sheriff’s Auction
By Adrian Maties, Associate Editor
The 580 Building, one of downtown Cincinnati’s largest office buildings, was sold on March 1 for $16 million at a sheriff’s auction. The building at 580 Walnut St. was the former home of the Great American […]