the Editors of Commercial Property Executive
NuStar Energy to Sell Local Refinery
As part of a strategic shift to focus on more stable operations, NuStar Energy L.P. plans to sell its San Antonio refinery while boosting its investment in Eagle Ford Shale. The company announced the intention of buying a crude oil pipeline and related assets, along with natural gas liquid assets, for $425 million. The seller is TexStar Midstream Services L.P.
Oswald Cos. Leases Three Floors in 1100 Superior Building
Oswald Cos., one of the nation’s largest independent, employee-owned insurance companies, has been looking for space all over Cleveland to accommodate its needs.
Gateway Unveils Plans for $80M Urban Campus in Covington
Gateway Community and Technical College last week released the details of the master plan for its urban campus in downtown Covington.
Chambers Street Properties Acquires Industrial Building in Rogers
A New Jersey-based real estate investment trust, Chambers Street Properties, has acquired a warehouse/distribution building in the northwestern Minneapolis suburb of Rogers.
$35M Hotel-Conference Project Moves Ahead at Gateway Site
McKinney’s new Gateway Hotel and Conference Center project is moving forward. The city council recently signed an agreement with The Beck Group and Champ Hospitality to build a three-and-a-half star, 186-room hotel and 20,000-square-foot event space on the Gateway site.
KBR Building Group to Construct The Acadia in Arlington
Multi-family developer Kettler has selected the Charlotte, N.C.-based KBR Building Group to construct The Acadia at Metropolitan Park, a 411-unit mixed-use, residential building in Arlington, Va.
$14M Supportive Housing Project for Veterans Opens in the Bronx
A ribbon-cutting and recognition ceremony held on Nov. 8 marked the grand opening of Kingsbridge Terrace Veterans Residence—a six-story housing facility dedicated to New York City veterans who served in Iraq and Afghanistan, as well as for those struggling with homelessness and substance abuse.
JBJ Soul Homes is Philly’s Newest Low-Income Housing
November 13 was the official ground breaking for a new mixed-use project on a half-acre triangular block located at the intersection of Broad Street, Fairmount and Ridge Avenues in the Francisville neighborhood and close to Philadelphia’s iconic Divine Lorraine building.
McCann Realty Partners Picks Up 336-Unit Apartment Asset
Richmond, VA-based McCann Realty Partners, LLC has announced the purchase of the 336-unit Discovery at Mountain View Apartments in Nashville.
Hilton Debuts $140M Downtown Hotel, Touted as Convention Magnet
The $140 million Hilton Columbus Downtown opened its doors to the public on Oct. 19. Local businesses and city officials are counting on the new property to help the capital city get more competitive in attracting conventions and other events.