Amalia Otet
Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.
Luxury Apartments at the Ovation Nearly Sold Out
At a time when most developers feel the need to lower prices in order to sell units, the developer of Ovation—JMC Communities—can pride itself on the achievement of selling all but four of the 45 luxurious units at the original 2006 asking price.
Brookhollow Slated for Renovation under New Ownership
By Georgiana Mihaila, Associate Editor
Parmenter Realty Partners marks its second Houston purchase—and the third purchase for Parmenter’s Realty Fund IV— along with the acquisition of Brookhollow Plaza I, II and III.
The property, known as Brookhollow Central, is a Class A, […]
Grubb & Ellis Acquire Nursing Homes for $30 million; Kimberly-Clark to Open Southaven Distribution Center
By Amalia Otet, Associate Editor Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT II, Inc. has recently completed, through one of its affiliates, the acquisition of two nursing homes in the greater Memphis area for nearly $30 million. The company acquired the one-story Parkway Health & Rehab Center from Tennessee Property Associates, LP for $15.9 […]
Seville Place Apartments to Undergo $22M Renovation and Rebranding
By Georgiana Mihaila, Associate Editor
The new owners of the Seville Place Apartments in Pine Hills have released plans for a $22 million renovation project of the property.
The apartment complex, owned by a joint venture between two Miami development firms—The Related […]
Miramar Park of Commerce Lands 1M Sq Ft Worth of Leases in 2011
By Georgiana Mihaila, Associate Editor
Miramar Park of Commerce prides itself on over one million square feet of space leased in 2011 with 60 percent of new tenants coming from healthcare related companies. The healthcare and biotech company surge in the Park […]
Six Georgia Nursing Facilities Part of $174M Purchase
By Georgiana Mihaila, Associate Editor
Griffin-America HealthCare REIT II—formerly known as Grubb & Ellis Healthcare REIT II—has recently acquired 10 skilled nursing facilities and one medical office building for approximately $174.3 million.
The facilities, sold by affiliates of Wellington Healthcare Services, LP, […]
Parkway’s Fund II Buys The Pointe for $47M
Along with the sale of 111 East Wacker Drive in Chicago and that of Atlanta’s Falls Pointe, Parkway Properties Inc. has announced the purchase of The Pointe in Tampa for $46.9 million.
JV Acquires Walt Disney World Royal Plaza Hotel
By Georgiana Mihaila, Associate Editor
The Royal Plaza Hotel near the Downtown Disney area of Walt Disney World has recently changed owners; the buyer of the 394-room hotel is a joint venture between Weston, Florida-based InSite Group and London-based Cube Capital. […]
Saenger Theater Restoration, Lambeth House Wellness Center to Commence
By Amalia Otet, Associate Editor
New Orleans city officials plan to kick off the Saenger Theater renovations this month. The project costs initially estimated at $39 million have escalated since 2009, when the restoration was first announced, and the project now […]
Bank of America Plaza Could be Headed for Foreclosure
By Georgiana Mihaila, Associate Editor
According to the Atlanta Business Chronicle, Atlanta’s tallest skyscraper—Bank of America Plaza—is being advertised for a foreclosure sale next month, if a deal is not be reached. Based on an advertisement in Wednesday’s edition of the […]