Brokerage
Harbor Group Spends $100M on Florida Multi-Family Portfolio
Harbor Group International has made another multi-family purchase, snapping up a three-property apartment portfolio in three Florida markets for a total of $99.7 million – a purchase price of approximately $4,000 per unit.
Indianapolis Sees Construction Kick Off for 81 KSF Spec Office Space
Sourwine Real Estate Services is preparing for construction on Indianapolis’ first spec office project since 2008, an 80,699-square-foot, Class A property in the city’s Keystone area.
Perceptive Software Inc. and FMH CoreSource Announce Plans to Relocate
By Gabriel Circiog, Associate Editor Perceptive Software Inc., a Lexmark company, has announced plans to relocate from its headquarters at Shawnee Mission Parkway and Kansas Highway 7 to Lenexa City Center. The company, which indicated that it has outgrown its current location, submitted its proposal to Lenexa officials, The Kansas City Business Journal reports. According […]
The Return of Spec: Myers Crow & Saviers Begins 135 KSF Office Project in Houston’s Energy Corridor
With nary a tenant commitment on the table, Myers Crow & Saviers Ltd. prepares to kick off construction of Mason Creek Office Center, a 135,000-square-foot building in Houston’s Energy Corridor in Katy, Tex. Ground is scheduled to break on the speculative project in the third quarter.
MB Real Estate Inks Leasing Deal for More Than 4 MSF of Chicago Office Space
Chicago-based MB Real Estate has landed five new office-leasing contracts in its hometown, adding more than 4 million square feet of space to the company’s portfolio.
International Law Firm Signs as Anchor Tenant for $950M CityCenterDC Project
International law firm Covington & Burling L.L.P.’s search for its new global headquarters in Washington, D.C., has ended with it agreeing to become the anchor office tenant in the $950 million CityCenterDC mixed-use project, signing a letter of intent to occupy approximately 420,000 square feet of space.
Alamance Regional Medical Center Plans $60M Expansion
by Adriana Pop, Associate Editor Alamance Regional Medical Center is planning a $60 million expansion, the largest since the hospital opened in 1995. According to The Business Journal, the campus improvement project includes a two-story, 40,000-square-foot cancer center to be located at the end of the Medical Arts building. The facility will feature new space […]
Zeller Realty Secures Refinancing for LaSalle Plaza
By Gabriel Circiog, Associate Editor Chicago-based Zeller Realty has secured refinancing for LaSalle Plaza from a unit of Minneapolis-based U.S. Bancorp, U.S. Bank Commercial Real Estate. While terms of the deal were not disclosed, the Minneapolis / St. Paul Business Journal reports the loan is estimated to be worth around $92 million. Located at 800 […]
KBS Expands Salt Lake City Foothold With Gateway Tech Center
By Alex Girda, Associate Editor KBS Realty Advisors has added to its Utah portfolio with the acquisition of Gateway Tech Center, a 198,565-square-foot Class A office building located near the 40-acre Gateway District in Downtown Salt Lake City. Located at 155 North 400 West Street, the five-story Gateway Tech Center was built in 1909 as […]
TIF Commission of Kansas City Favors Incentives for $142.5 M Towne Center Development
By Gabriel Circiog, Associate Editor The Tax Increment Financing Commission of Kansas City has recommended the approval of incentives for the $142.5 million Towne Center development in Clay County, The Kansas City Business Journal reports. The project, led by Kansas City-based CBC Real Estate Group, calls for over 1 million square feet of retail space […]