the Editors of Commercial Property Executive
Atlanta Investors Shaking Up Nashville Apartment Market
By Eliza Theiss, Associate Editor Two of the multifamily’s biggest moves in the Nashville market of late have come from Atlanta-based operators. First, there was the groundbreaking of the 200-unit ParkCentral on Centennial Park, which was followed by the sale of the 220-unit Velocity in the Gulch. Located at 320 11th South Ave., Velocity in […]
Three Denver Metro Office Buildings Sold; NexCore Group Completes Construction of St. Anthony North Medical Pavilion
By Gabriel Circiog, Associate Editor Three southeast Denver metro trophy-office buildings were recently sold, gathering a total of $120 million, reports the Denver Business Journal. The sellers in all three individual transactions were represented by John Jugl and Mary Sullivan … Continue reading →
New $45M Teaching Center Gets Green Light
By Camelia Bulea, Associate Editor The University of Texas System Board of Regents authorized the building of a $45 million academic learning and teaching center at the UT Health Science Center San Antonio. In an official statement, Kenneth Kalkwarf, D.D.S., M.S., president ad interim of the Health Science Center, said the necessary funding would come […]
Hilton Garden Inn Sells for $12.4M at Auction; K. Hovnanian Buys Meadow Lakes
By Adrian Maties, Associate Editor The Hilton Garden Inn Cleveland Downtown will soon have a new owner. JPMCC 2006-LDP7 Carnegie Avenue L.L.C., a representative for the current mortgage holder, submitted the winning bid at a sheriff’s auction on the morning of Aug. 27, The Cleveland Plain Dealer reported. Standing 11 stories tall, the hotel opened […]
Neyer Properties Adds Sharonville Office Buildings to Portfolio
By Adrian Maties, Associate Editor Neyer Properties recently acquired One and Two Crowne Point in Sharonville, as part of its plan to increase its real estate holdings. The Evanston-based real estate development company has been working on closing the deal for some time now. According to the Hamilton County auditor’s Web site, the former Miller-Valentine […]
MAA Completes Acquisition of Upscale 394-Unit Multifamily Community
Apartment-only real estate investment trust MAA has recently expanded its Central Florida portfolio with the addition of the 394-unit multifamily apartment community Retreat at Lake Nona.
HFF Brokers $59 Million Ground Lease of 177 Huntington Avenue
An affiliate of Beacon Capital Partners, LLC has signed a 99-year ground lease for 177 Huntington Avenue, an iconic 26-story office tower located in Boston’s Back Bay neighborhood. Holliday Fenoglio Fowler, LP (HFF), a leader in commercial real estate and capital market services, exclusively represented the owner—The First Church of Christ, Scientist—and the trustees of Church Realty Trust in this $59 million transaction.
Integra, L2C and Brandmovers, All Move to New Digs
Within the past week, Atlanta’s commercial real estate market was marked by three relocations, as both Integra Realty Resources and L2C, Inc signed new leases, while Brandmovers has finished its new Northside Drive headquarters.
Baltimore High-Rise Office Buildings Going Up For Auction
By Adrian Maties, Associate Editor Two office buildings in Baltimore’s central business district are expected to be auctioned off in the following months. The two properties are the Calvert Center at 225 N. Calvert Street and the office building at 1 N. Charles Street. The Calvert Center is a 17-story office building located between the […]
Historic State Savings Bank Building to be Replaced by Parking Garage?
By Veronica Grecu, Associate Editor Canadian entrepreneur and real estate investor Andreas Apostolopoulos has caused quite a stir among architectural preservationists after revealing tentative plans to create more parking space in Detroit’s Financial District by tearing down one of the city’s historic buildings. Located at 151 Fort Street, the State Savings Bank structure was built […]