the Editors of Commercial Property Executive
Preferred Apartment Communities Gets Behind Coliseum Redevelopment; Lofts at Charleston Row Installs Green Roof
By Eliza Theiss, Associate Editor The redevelopment of the former Coliseum site in West Charlotte just got a jolt from Preferred Apartment Communities Inc. of Maryland—an owner and operator of multifamily properties across the U.S. According to a press release, the company just closed on a mezzanine loan investment to Oxford City Park Development LLC […]
Lender-Owned Mixed-Use Project Trades for $13.2M
Waterford Park at Waterford Lakes—a Class A mixed-use retail and office building located near the nation’s second-largest university, the University of Central Florida—has traded hands for the reported amount of $13.2 million. A small land parcel across the street from the property and a potential billboard site on Lake Underhill Road were also included in the transaction.
Duke Realty Expands Atlanta Industrial Portfolio with Hartman Business Center Purchase
Duke Realty Corp. recently added a 569,674-square-foot warehouse-distribution building in Hartman Business Center to its portfolio, as part of its recent focus on increasing investments in quality industrial assets.
Balke Brown Transwestern Plans 280-Unit Apartment Project at The Highlands
A new residential project is set to be added to the 26-acre Highlands mixed-use development,
IIT Buys Two Greater Baltimore Industrial Assets for $16.1M
By Adrian Maties, Associate Editor Industrial Income Trust continues its buying spree in the Greater Baltimore area. The Denver-based real estate investment trust paid $16.1 million for two fully leased industrial properties. The transactions occurred simultaneously in the first week of August. TA Realty Associates was the seller. The company was represented by CBRE’s Bo […]
Miami’s 1450 Brickell Wins ‘Project of the Year’ Distinction
Based on its mixed-use/pedestrian-friendly character, coupled with focus on sustainable design and construction, Rilea Group’s 1450 Brickell office tower was named ‘Project of the Year’ by Urban Land Institute’s SE Florida/Caribbean District Council.
Historic Multifamily Property Becomes Dorm
The National Cotton Council of America’s building at 1918 North Pkwy. has received a new lease on life.
OSU Signs Off on $396M Plan for North Campus
The Ohio State University Board of Trustees has approved a $396 million plan to transform the North Residential District into a unique neighborhood where students will live and learn, according to The Columbus Dispatch.
Ohio Investor Acquires Broadway Plaza for $12.7 Million
The 83,612-square-foot Broadway Plaza retail complex in Tucson was sold to shopping center REIT Philips Edison-Arc for $12.7 million, according to Marcus & Millichap. The real estate investment services firm represented the Ohio-based buyer in this deal.
“Magic” Johnson Backs Up Michigan State Fairgrounds Mixed-Use Redevelopment
By Veronica Grecu, Associate Editor Basketball star Earvin “Magic” Johnson—a Lansing native now turned entrepreneur—has teamed up with businessmen Joel Ferguson, also of Lansing, and Marvin Beatty of Detroit in one of the most ambitious revitalization projects proposed in Detroit in the past years. The venture plans to acquire the former State Fairgrounds site at […]