the Editors of Commercial Property Executive
Hat World to Invest $21.77M in Major HQ, Distribution Expansion in Indiana
Hat World Inc. has announced it would invest $21.77 million in the expansion of its headquarters and distribution operations in central Indiana and create up to 758 jobs by 2025.
Rockbridge Capital Acquires Aqua Wave Waikiki Hotel for $48M
Ohio-based private equity firm Rockbridge Capital has purchased the Aqua Wave Waikiki hotel in Honolulu from Ramsfield Hospitality Finance’s CR Wave LLC. According to the Pacific Business News, the leasehold property at 2299 Kuhio Ave. sold for $48 million.
2014 Tops in Technology – Nominate Your Favorite Provider Today!
Nominate your favorite technology product and service providers for CPE’s second annual Tops in Technology Awards, recognizing the leading technology product and service providers assisting the commercial real estate industry.
Endeavour Corp. Eyes Affordable Housing for Historic Germania Building
Local development firm Endeavour Corp. Inc. is planning to purchase the foreclosed Germania Building in downtown Milwaukee and convert it into 78 affordable apartments.
Tennessee Billionaire Acquires Over 3,000 Acres of Land on Kauai
Tennessee billionaire Brad Kelley has recently purchased over 3,000 acres of agricultural land on the island of Kauai, the Pacific Business News reports. Lihue-based Grove Farm Co., which is owned by AOL founder Steve Case, sold the property for an undisclosed amount. The land is located in the Puhi area of Lihue.
Edward Rose Plans $80M Mixed-Use Development in Carmel
A large-scale mixed-use complex could soon rise on one of the last remaining undeveloped sites in Carmel’s Old Meridian district. According to the Indianapolis Business Journal, a plan commission committee is currently reviewing the $80 million project proposed by Edward Rose Properties Inc. Plans call for 400 apartments, a four-story parking garage, above-ground-floor retail space, 65 single-family town homes, a senior-living community (with independent living, assisted living and memory care units) and a 100-plus-room boutique hotel.
CRE Investment Market Poised for Growth in 2014
The last quarter of 2013 for the commercial real estate investment market set the pace and tone for 2014.
Terramar Pays $99.5M for Safeway-Anchored Shopping Center in Ewa Beach
In a $99.5 million deal, California-based Terramar Retail Centers has purchased the newly developed 223,000-square-foot Laulani Village Shopping Center in Ewa Beach, Oahu from Property Development Centers, a subsidiary of Safeway Inc.
Walnut Capital to Begin Construction on New Office Building at Bakery Square 2.0 This Spring
Walnut Capital Partners is planning to break ground on the first office building of its approximately $100 million Bakery Square 2.0 mixed-use development in East Liberty this spring. According to the Pittsburgh Business Times, construction on the six-story, 216,000-square-foot facility is expected to begin in March and be complete in 18 to 24 months. The Pittsburgh Planning Commission is currently reviewing the developer’s proposal.
Craig Meyer & Kris Bjorson: ‘Tis the Season – To Redefine Retail Supply Chain RE
Tis the season to order last-minute, gift-wrapped goods for next-day home delivery. But our growing demand for near-instant gratification via e-commerce means cookie-cutter industrial facilities of yesteryear are no longer going to cut it, according to a recent Jones Lang LaSalle report.