Liviu Oltean
Duke Realty Purchases Greenfield North Business Park Portfolio
By Liviu Oltean, Associate Editor
Duke Realty recently completed its third acquisition in the Triangle area with its purchase of Greenfield North Business Park.
The Greenfield North portfolio includes five buildings that encompass 397,332 square feet, with an additional 75.25 acres in […]
Richfield Hospitality to Renovate and Reposition Hotels
By Liviu Oltean, Associate Editor
Richfield Hospitality, a Denver-based hospitality management company focusing on maximizing profit and improving asset values for hotel owners, has added four properties to its portfolio: Crowne Plaza Melbourne Oceanfront Resort in Florida, DoubleTree by Hilton Hotel […]
THM Partners Breaks Ground on Affordable Housing
By Liviu Oltean, Associate Editor
THM Partners and the state have begun a collaboration meant to increase affordable residences in Hawaii, KITV reports.
Kalakaua Avenue will be home to a 23-story affordable residential building. Of the 176 units, 90 will be affordable, ranging […]
Colonial Properties Trust Buys 6 MF Properties for $105.8M; Office Buildings Developed by Capital Assoc. Obtain $36.5M
By Liviu Oltean, Associate Editor
Colonial Properties Trust recently sold six multifamily properties for $105.8 million.Â
The properties are: Colonial Grand at Sugarloaf, Colonial Grand at McGinnis Ferry, Colonial Village at Meadow Creek, Summer Tree, Brookfield and Paces Cove. About $96.3 million […]
CONSOL Energy and Noble Energy Close ‘O.K.’ $3.3B Agreement
by Liviu Oltean, Associate Editor
CONSOL Energy Inc. and Noble Energy Close have closed on an agreement that entails the joint development of CONSOL’s Marcellus Shale assets in Pennsylvania and West Virginia.
Following this agreement, CONSOL will receive payments of about $3.3 […]
Howard Hughes Corp. Secures $250M Loan, CB Richard Ellis Is Rebranded
by Liviu Oltean, Associate Editor
Howard Hughes Corp. has secured a $250 million loan that will help the company redevelop the 60-acre Ward Centers in Kakaako and refinance existing mortgage loans.
Upon completion of the redevelopment, the Ward Village Shops will be […]
Blackstone Purchases Shopping Center Portfolio for $473.1M
By Liviu Oltean, Associate Editor
Equity One Inc. agreed to sell 36 shopping centers to Blackstone Real Estate Partners VII for $473.1 million. The shopping centers encompass 3.9 million square feet and have mortgage loans that add up to a $177.4 […]
Stabile and Kass in Bidding War for Land Near Heinz Field
By Liviu Oltean, Associate Editor
Merrill Stabile, general partner in 501 Martindale Associates and president of Alco parking, recently bid for the right to develop land between PNC Park and Heinz Field. The land was reserved for Continental Real Estate Cos. […]
Ferraro Choi Receive LEED Platinum Rating for Offices in IBM Building
By Liviu Oltean, Associate Editor
Ferraro Choi and Associates’ newly renovated offices have recently been certified with platinum under the LEED 2009 program for commercial interiors.
This is the first Hawaii-based project to have received this award. The platinum project comprises 4,951 […]
Hyatt Hotels Corp. Closes on a 20-Hotel Portfolio for $661 Million
by Liviu Oltean, Associate Editor
Hotel Sierra in Morrisville will be rebranded as a Hyatt Summerfield Suites Hotel, following Hyatt Hotels Corp.’s closing on a 20-hotel portfolio belonging to LodgeWorks LP.
Hyatt initially showed interest in a 24-hotel portfolio, but the company ultimately […]