the Editors of Commercial Property Executive
RedPeak Properties to Break Ground on New Apartment Complex
By Gabriel Circiog, Associate Editor RedPeak Properties is breaking ground on a new apartment complex in Denver’s uptown neighborhood, The Denver Post reports. Located between 18th and 19th avenues and Logan and Pennsylvania streets, the 302-unit apartment complex—One City Block—was designed and will be built to achieve LEED Silver Certification. The complex will feature studios […]
Executive of the Year Nominations 2012
Commercial Property Executive is putting together the ballot for this year’s Executive of the Year awards, and we want your input! Please fill in the name, title and company of each person you think should be considered for each of the awards, as well as a brief explanation of why they should be considered (more than one nomination is acceptable per category). CPE’s editorial team will then review the nominations and take them into consideration when compiling the ballot. To be considered for the ballot, the executive must meet the qualifications delineated for the specific award, based on activities in…
Miami Beach Lincoln Center Sells for a Surprising $132M
The 127,000-square-foot Lincoln Center can pride itself with new owners, as VCP Lincoln Road—an affiliate of New York-based REIT Vornado—recently purchased the property for a reported $132 million.
Amsdell Acquires Five Self-Storage Centers; StyleCraft Signs 170K-Sq.-Ft. Lease
By Eliza Theiss, Associate Editor Cleveland-based Amsdell Storage Ventures VII LLC has purchased five self-storage centers in the Memphis metropolitan area for an undisclosed price. Two of the storage centers are located in Olive Branch, Miss. at 7097 Commerce Dr. and 7911 Hacks Cross Rd., while the other purchases are in Nesbit, Miss. at 2274 […]
The Vue’s Woes Over?
By Eliza Theiss, Associate Editor It seems Charlotte’s ultimate luxury residential tower is at a crossroads. Real estate firm HFF LP announced it has closed the sale of a loan secured by The Vue—the 409-unit, 51-story Class A luxury residential tower located in Charlotte’s Fourth Ward. As previously reported, HFF began marketing The Vue’s $130 […]
Golden State’s Optimism Yields Development Plans: Allen Matkins/UCLA Report
Optimism about the CRE sector in California has been strong enough, for long enough, that new development is expected to pick up this year, especially in the industrial sector. The outlook is also brightening for office and multi-family, the latter of which was included in the semiannual report for the first time.
Capital One Financial Corp. Closes on 150,000-Sq.-Ft. Lease
By Gabriel Circiog, Associate Editor In the second-largest office lease of 2012 for Chicago’s suburbs, Capital One Financial Corp. has closed on a lease of 150,000 square feet in the Atrium Corporate Center, Chicagorealestatedaily.com reports. This deal brings the office building’s occupancy rate close to 100 percent. Located at 3800 Golf Rd. in Rolling Meadows […]
Joint Venture Acquires Foothills Mall
By Gabriel Circiog, Associate Editor Alberta Development Partners—a Denver-based real estate acquisition, development and investment firm—has acquired Foothills Mall in a joint venture with affiliates of Walton Street Capital—a private equity real estate investment firm. Located in Fort Collins, the 753,000-square-foot enclosed mall was built in 1976 and remodeled in the early 1990s. The joint […]
American Campus Announces Acquisitions Totaling $627M
By Camelia Bulea, Associate Editor
Austin-based American Campus Communities Inc. announced the completion of its due diligence investigation related to the acquisition of 15 student housing properties for $627 million. The properties were acquired under a merger agreement with affiliates of […]
Air Force Opens Dental School; Contractor Selected to Build Helotes Walmart
By Camelia Bulea, Associate Editor The U.S. Air Force opened a $38 million dental school in San Antonio. The dental school and clinic consists of 56,000 square feet of space and has 69 treatment rooms, 5,400 square feet of lab space and 125 assigned personnel, according to the San Antonio Express-News. The San Antonio Business […]