Gabriel Circiog
RADCO Pays $6M for 142-unit M-F Asset in Jenks
The RADCO Companies recently announced it has acquired Southern Slope, an apartment community in Tulsa, for $6 million in an off-market transaction from the lender.
W.P. Carey Inc. Acquires $48 Million Distribution Facility
W.P. Carey Inc. recently announced it has acquired an 824,624-square-foot distribution facility just outside of Chicago. The property was purchased from Exeter Property Group for a total acquisition price of approximately $48 million.
ViaWest Opens New $208 Million Data Center
ViaWest has recently opened its latest Denver-area data center in order to meet the growing demand from companies for cloud computing.
P&H Properties Acquires Land in Broken Arrow for Retail Development
Broken Arrow City councilors recently approved plans to sell 6.2 acres of land located on the north side of Tiger Hill. With a 3-0 vote the councilors agreed to enter into a memorandum of understanding with P&H Properties LLC for the sale of the site for $3 million.
New Loews Chicago Hotel Joins ALHI
Associated Luxury Hotels International recently expanded its portfolio with the addition of the new Loews Chicago Hotel which is scheduled to open in the beginning of 2015. AHLI will provide Global Sales Organization support, expertise and sales services for the new Chicago Hotel.
SpringHill Suites Denver Downtown Becomes First LEED Gold Certified Hotel in Denver
The SpringHill Suites Denver Downtown at MSU Denver recently announced it has received LEED Gold certification for New Construction from the U.S. Green Building Council.
CSM Plans Two Speculative Developments in Minnesota
Minneapolis-based CSM Corporation recently announced plans to develop two speculative commercial real estate projects in Minnesota. The first project calls for the construction of a 202,000-square-foot office and warehouse facility in Brooklyn Park and the second for a 270,000-square-foot bulk warehouse facility in Rogers.
Promise Hotels, Ross Group Break Ground on Holiday Inn Express and Conference Center in Claremore
Tulsa-based Promise Hotels and The Ross Group recently started work on their fifth joint venture project, a new Holiday Inn Express and conference center in Claremore. Project and city officials attended a ground breaking ceremony which took place at 1400 West Country Club Lane.
CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center
Carter Validus Mission Critical REIT Inc. has acquired the Chicago Data Center Facility in the Northlake suburb of Chicago for $211.7 million. The REIT will provide new capital for the continued build out and expansion of the facility.
City Office REIT Inc. to Acquire 197,000-Square-Foot Plaza 25 in Denver
By Gabriel Circiog, Associate Editor City Office REIT Inc. recently announced it has entered into an agreement to acquire Plaza 25 in Denver for a purchase price of $25.1 million. As major conditions to the acquisition have been satisfied, the transaction is expected to close in early June 2014. Located in the Greenwood Plaza submarket […]