the Editors of Commercial Property Executive
The Madison at Schilling Farms Goes for $32.1M; Bailey Creek for $23.8M
By Eliza Theiss, Associate Editor New York-based Somerset Partners LLC recently purchased the 232-unit Class A Bailey Creek Apartments for $23.8 million, or $102,586 per unit, reports the Memphis Business Journal. Located at 1907 North Bailey Woods Dr. in Collierville, Bailey Creek features one-, two and three-bedroom apartments with one or two bathrooms and floor […]
Fifth Third Center Acquired by Parmenter Realty
By Eliza Theiss, Associate Editor Lately, the Charlotte office market seems to be as hot as the temperatures. Just a little over a week after Azrieli Group Ltd. entered a $245 million purchase agreement for One Wells Fargo Center, and less than a month after Parkway Properties closed on the Hearst Tower for $250 million, […]
2012 Distinguished Achievement Awards: A Retrospective
A slideshow featuring photos, aerial views and floorplans from the winners of CPE’s second annual Distinguished Achievement Awards.
Chicago Lakeside Development Recognized as a Top Sustainable Solution at Rio+20
By Gabriel Circiog, Associate Editor The United Nations launched its newest worldwide initiative “Sustainia100” at the Rio+20 conference in Rio de Janeiro. The initiative, which focuses on sustainability solutions and sustainable cities, was celebrated by nominating 100 world leading projects and undertakings. In the presence of international sustainability icon Gro Harlem Brundtland, media personality and […]
Sendera Acquires Luxury Apartment Complex in Austin
By Camelia Bulea, Associate Editor
Sendera Investment Group recently added a 250-unit apartment complex to its multifamily portfolio. The luxury property, called The Marquis Barton Creek, sits on 25 acres near the Barton Creek Resort and is tucked inside one of […]
Cassidy Turley-Managed Building Awarded ENERGY STAR Designation
By Georgiana Mihaila, Associate Editor The U.S. Environmental Protection Agency recently presented its ENERGY STAR designation to the Boys and Girls Clubs of America Headquarters in Atlanta in recognition of the facility’s commitment to protecting the environment through energy efficient practices and management. The six-story, 143,000-square-foot building at 1275 Peachtree Street in Midtown is managed […]
Opus to Build New Office Building for Xcel Energy at Nicollet Mall
By Gabriel Circiog, Associate Editor The Opus Development Corporation has announced plans to build a 212,000-square-foot office building in downtown Minneapolis. The nine-story building will be built for Xcel Energy on the southeast corner of Fourth Street and the Nicollet Mall. The site is currently a private parking ramp which was built in the 1960s. […]
Former NOCCA Building to Become Luxury Condo Property
By Eliza Theiss, Associate Editor Plans to convert the former New Orleans Center for Creative Arts (NOCCA) building into a luxury multifamily project has been unanimously approved by the New Orleans City Council, reported The Time-Picayune. Developer Jim MacPhaille purchased the former school in April 2011 from the Orleans Parish School Board for $2.5 million, […]
Hawthorne Center in Blue Ash Sold to Georgia Real Estate Firm for $16.6M
By Adrian Maties, Associate Editor OA Development, a commercial real estate investment firm based in Atlanta, has purchased the Hawthorne Center, a 135,000-square-foot Class A office building in Blue Ash. The $16.6 million deal represents the company’s seventh acquisition in less than 18 months. The low-rise building was constructed in 2001 on more than seven […]
St. John Properties Starts Work on Two New Office Buildings at The GATE
By Adrian Maties, Associate Editor The Government and Technology Enterprise (The GATE) project is getting ready to welcome two new single-story, Class ”A” office buildings as St. John Properties has recently started work on 6170 and 6160 Guardian Gateway. Just a few months ago, St. John broke ground on 6190 Guardian Gateway, a three-story, […]