Eliza Theiss
Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza writes for both PropertyShark and CommercialEdge. Reach her at [email protected]
Ramada Inn Gets Makeover, Becomes Cedar Hotel
By Eliza Theiss, Associate Editor The former Ramada Inn at 1471 Brooks Road is getting a multimillion dollar facelift from a group of Chicago investors. According to The Memphis Daily News, Cedar Street Hospitality purchased the 245-key hotel in a 2010 auction for $1.55 million. Re-branded as the Cedar Hotel under the Clarion umbrella, the […]
Apartment Complex Sells for $33.3 Million; Car Country Club in Development for Huntersville
By Eliza Theiss, Associate Editor
Greensboro-based Bell Partners Inc. has recently acquired the residential piece of Morrison at SouthPark Apartments from Washington-based Madison Marquette for $33.3 million.
Since its acquisition, the 214-unit apartment complex at Sharon and Colony Roads has been renamed Bell Morrison. According to a Charlotte Business Journal report, property management for the seven-story apartment […]
South Market Slowly Moves Forward
By Eliza Theiss, Associate Editor The New Orleans Industrial Development Board is advancing discussions with developer Domain Cos. regarding possible tax abatements for South Market District, the mixed-use project planned near the Loyola Avenue Streetcar line. Domain is requesting a PILOT (or payment in lieu of taxes) of $114,000 a year for 15 years from the […]
AXA Financial to Relocate to Innovation Park; CharlotteLaw Secures Uptown Lease
By Eliza Theiss, Associate Editor
AXA Financial Inc. has signed a lease for about 140,000 square feet in Innovation Park and will relocate in May 2014 from its current offices at Ballantyne Corporate Park. The New York-based company currently leases 169,912 […]
Monmouth Acquires $16.2M Industrial Facility; Mall of Memphis Site Goes Industrial
By Eliza Theiss, Associate Editor Freehold, N.J.-based Monmouth Real Estate Investment Corp. has purchased a 234,660-square-foot industrial facility in Olive Branch’s Metro Industrial Park for $16.2 million, reports the Memphis Business Journal. The Class A, built-to-suit facility located at 8644 Polk Lane is near another building owned by Monmouth that is currently under a 10-year […]
New Orleans Opens Libraries Worth $34M
By Eliza Theiss, Associate Editor Five state-of-the-art public libraries worth a combined $34 million are scheduled to open in The Crescent City. This will raise the number of restored Katrina-marred libraries to a total of 10. The facilities are a mix of restored buildings and brand-new facilities featuring green elements, Wi-fi hotspots, cafés, computer labs […]
Work Underway on $1.1B University Medical Center
By Eliza Theiss, Associate Editor
Pile drivers have started work on the new $1.1 billion University Medical Center that is to replace Katrina-marred Charity Hospital, which hasn’t been in use since 2005.
Ground was broken on the 424-bed UMC in April 2011, but work was delayed by several months, thanks to such unexpected circumstances as the relocation […]
Texaco Building to Become Low-Income Housing; City to Auction 14 Properties
By Eliza Theiss, Associate Editor
The old Texaco building in downtown New Orleans is one step closer to being redeveloped, as the state bond commission has approved financing for a repurposing project. The 17-story building is slated for renovations that will include retail space on the ground floor and 112 low-income apartments for seniors housing. The […]
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