the Editors of Commercial Property Executive
Net-Leased Investments Provide Strong Alternative to Fixed-Income Assets
By Bradley Feller, Associate Director, Stan Johnson Co. :The low interest rates and slow economic growth that have gripped the United States since the onset of the Great Recession have made it difficult for investors to find yield in the capital markets.
Continental Properties Breaks Ground on The Springs at Stone Oak Village
By Camelia Bulea, Associate Editor While the single-family housing market in San Antonio attempts to recover from the collapse, the multifamily market is seeing important growth, mainly due to renter demand. With an occupancy rate of 94 percent, San Antonio’s far North Side is rapidly growing in popularity, creating the necessary requirements for a booming […]
Raven Purchases Foreclosed Northwest Plaza Mall, Plans $106M Redevelopment
The Northwest Plaza shopping mall in St. Ann is set to get a new lease on life as an entity formed by Raven Development closed on the purchase of the nearly vacant property,
Cleveland’s Old Saint Luke’s Hospital Becomes Apartment Complex
By Adrian Maties, Associate Editor Cleveland’s Saint Luke’s Hospital closed in 1999 and sat empty in the heart of the Buckeye-Shaker neighborhood until last year. But after private developer Pennrose Properties and other organizations got together and restored the hospital, it became Saint Luke’s Manor, a huge apartment complex that houses independent-living senior citizens. Saint […]
Construction Projects to Create 170 New Jobs
By Adrian Maties, Associate Editor At the beginning of the year, Rough Brothers Inc., a greenhouse design and manufacturing firm, started looking for new space to relocate its headquarters from Vine Street, in St. Bernard, and expand its operations. The search is now over. The company recently agreed to purchase 20.5 acres of vacant land […]
Jewish Orthopedic Clinic Signs 11,000 SF Lease in Downtown Orlando
Jewish Orthopedic Clinic will soon be moving to downtown Orlando, as it has recently signed a long-term lease for 11,000 square foot at The Lake Lurna Professional Center.
Caesars, Rock Gaming Granted License to Build and Operate $300M Baltimore Casino
By Adrian Maties, Associate Editor Caesars Entertainment Corporation has announced that CBAC Gaming, LLC, the investment group led by Caesars and Rock Gaming, has received a license from the State of Maryland Video Lottery Facility Location Commission to operate a video lottery terminal (VLT) facility in downtown Baltimore. CBAC Gaming plans to build Harrah’s Baltimore, […]
Ebenezer Management Services to Expand its Arbors at Ridges Campus
By Gabriel Circiog, Associate Editor Ebenezer Management Services will soon expand its Arbors at Ridges campus in Burnsville, Finance & Commerce reported. The Minneapolis-based seniors housing provider will break ground on a $12 million project that will convert an existing building to memory care space. Located at 13897 Community Drive near Fairview Ridges Hospital, the […]
Colliers Wins 1.4 MSF Galleria Office Towers Lease Assignment
By Camelia Bulea, Associate Editor The high-profile Galleria Office Towers on the LBJ Freeway have a new marketing and leasing representative. As of July 30, a leasing team from Colliers International’s Dallas office was awarded the leasing assignment for the three-building complex, which totals 1.4 million square feet of office space. The office property has […]
D.C.’s Westory Building Changes Hands
By Adrian Maties, Associate Editor An open-ended fund managed by Deka Immobilien Investment GMBH of Germany recently sold the Westory Building to New York Life Insurance Co. for $159.4 million, or $590 per square foot. Carr Properties negotiated the transaction. Savills L.L.C. advised the open-ended property fund managed by Deka in the sale. The Westory was […]