the Editors of Commercial Property Executive
Affordable Housing and Midtown High-Rise Sold
A private investor has purchased a 13.1-acre, low-income housing complex near Memphis International Airport
Carondelet Invests $17M to Relocate Heart Institute to St. Mary’s Hospital
Carondelet Health Network plans to relocate its Heart & Vascular Institute to the Carondelet St. Mary’s Hospital campus. In a statement, the company said the first phase of the relocation will be complete by early November. Carondelet will invest about $17 million in the construction of the new facility, which is expected to completed by May 2013.
JV Brings SkyHouse Apartments Concept to Orlando
Novare Group and Batson-Cook Development Company, the joint venture behind Atlanta’s SkyHouse Midtown Apartments, has now teamed up with Palmetto Realty Advisors in order to bring the SkyHouse concept to Orlando.
Belcamp’s Riverside Distribution Center Sells for $31.1M; Baltimore County Industrial Building Secures $12.5M Bridge Loan
By Adrian Maties, Associate Editor Cassidy Turley recently announced the sale of a 599,109-square-foot industrial property in Belcamp, MD. Pennsylvania-based Exeter Property Group acquired the portfolio from Boston-based TA Associates for $31.1 million. The seller was represented by Jonathan Carpenter and James Wellschlager of Cassidy Turley’s Capital Markets Group. The Riverside Distribution Center is comprised […]
UT, Vanguard to Develop $350M Children’s Hospital
By Camelia Bulea, Associate Editor The University of Texas Health Science Center at San Antonio was authorized to execute an agreement with Vanguard Health Systems, according to which the two parties will co-develop a state-of-the-art children’s hospital in the Alamo City. The proposed $350 million, 250-bed facility, funded by Vanguard, will be designed and built […]
Connor Group Breaks Ground on Award-Winning HQ
By Adrian Maties, Associate Editor The Connor Group, a real estate investment firm that deals exclusively in luxury apartments, has started work on its new state-of-the-art headquarters at Dayton-Wright Brothers Airport in Miami Township. Public and company officials attended the groundbreaking ceremony, held on Sept. 13. The new headquarters will have a 39,000-square-foot office building […]
Phillips 66 Chooses Westchase District Site for New Global Headquarters
Independent downstream energy company Phillips 66 has released plans that it will soon start building its new global headquarters at a 14-acre site in the Westchase District.
Luxury Residential Development Announced in St. Louis Park
By Gabriel Circiog, Associate Editor A new luxury residential development has been announced in the inner-ring Minneapolis suburb of St. Louis Park. A joint venture that includes Madison, Wis.-based E.J. Plesko & Associates Inc., Fiduciary Real Estate Development Inc. and Northwestern Mutual, both of Milwaukee, will develop the 36 Park Apartments. Located at 3601 Park […]
Apartment Communities Sell in Metro Area
By Adrian Maties, Associate Editor Investors are looking to capitalize on the high demand for apartments in the Washington, D.C., metro area. From affordable housing to luxury condos, apartment communities have been seeing a lot of activity. In the past week, two apartment complexes sold in the Washington, D.C., metro area, totaling 1,005 units. One […]
Third North Carolina Home2Suites Hilton Opens in Charlotte
Home2Suites by Hilton has announced the opening of its newest location in Charlotte.