Adrian Maties
Cushman & Wakefield | Thalhimer Starts Year With 3 Residential Deals
Cushman & Wakefield | Thalhimer has entered the New Year at full throttle. The commercial real estate services firm was involved in three different transactions on the Richmond residential market.
Transwestern Hired to Sell Two Apartment Communities in Anne Arundel County
Two apartment apartment communities in Anne Arundel County are now on the market. Together, they offer over 450 units. Transwestern’s Bethesda, Md.-based Mid-Atlantic Multifamily Group has been named as exclusive agent for the sale of both properties.
Marcus & Millichap Arranges Sale of North Olmsted Towne Center for $17.8M
Large retail properties in the Greater Cleveland area have seen a lot of action in the final quarter of 2013. Recently, Devonshire REIT, Inc. has paid $8 million for the Great Lakes Plaza in Mentor, while the Starwood Capital Group has acquired two shopping centers in North Olmsted and Canton, as part of a $1.6 billion, seven-property portfolio.
KBS Strategic Opportunity REIT Buys Orlando’s Maitland Promenade II for $31.2M
Maitland Promenade II, a Class-A office building in Orlando’s Maitland Center submarket changed hands at the end of 2013. It was purchased by KBS Strategic Opportunity REIT for $31.2 million plus closing cost. The Newport Beach, California-based public non-traded real estate investment trust announced the acquisition on December 30.
Holiday Inn Express Hotel Mountain View – S Palo Alto Opens Following $1M Renovation Project
InterContinental Hotels Group has recently added a new hotel to its portfolio in the Mountain View and Palo Alto areas. The Holiday Inn Express Mountain View S Palo Alto opened at the end of the year after a more than $1 million renovation project.
Holiday Inn Express Hotel & Suites Denver East – Peoria Street Opens in Denver
The Holiday Inn Express Hotel & Suites Denver East – Peoria Street is now open. InterContinental Hotels Group announced the opening of the new hotel at the end of December. It is designed with the Holiday Inn brand family’s $1 billion global brand relaunch in mind.
Christ Hospital Opens P1 Garage as Part of $265M Campus Expansion Project
Christ Hospital has opened its new visitor garage on December 24. Called the P1 garage, it is part of a larger, $265 million campus expansion project. It will be the primary parking location for patients and visitors coming to the hospital.
200-Unit Luxury Apartment Complex Changes Hands
A multifamily apartment complex in the Greater Houston area has recently changed hands. Marcus & Millichap Real Estate Investment Services announced on December 23 it has arranged the sale of The Palms at Cinco Ranch in Richmond, Texas, 15 miles southwest of Houston. The terms of the sale were not disclosed.
D.C.-Area Industrial Properties Sold for $35M
Two Greater Washington industrial properties have recently traded for about $35 million.
Ohio Development Services Agency Awards $20M in Ohio Historic Preservation Tax Credits to Five Northeast Ohio Projects
On Dec. 20, the Ohio Development Services Agency awarded $33 million in Ohio Historic Preservation Tax Credits to rehabilitate 31 historic buildings in 10 communities across the state. Five of these projects are located in Northeast Ohio.