Brokerage
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 […]
$19.8M Redevelopment Planned for Chisca Hotel
By Eliza Theiss, Associate Editor Developers working under the name Main Street Apartments would like to turn the blighted historical landmark formerly known as the Chisca Hotel into a $19.8 million mixed-use development featuring ground floor commercial space. The upper floors would be turned into 149 apartments with an average floor plan of 940 square […]
Ryland Homes Announces Grand Openings in Four Tampa Bay Communities
By Georgiana Mihaila, Associate Editor In the attempt to stay faithful to its commitment of delivering energy-efficient, high-quality homes, Ryland Homes has recently announced the grand opening of new model homes and new home sites for sale in four Tampa Bay-area communities. Offering a mix of both styles and prices, the homes try to offer […]
Gerrity Group Purchases Old Grove Marketplace in Oceanside
By Gabriel Circiog, Associate Editor Gerrity Group has acquired the Old Grove Marketplace in Oceanside from Sea Breeze Properties LLC for $19.55 million, RenTV.com reports. The 81,300-square-foot Oceanside retail center is anchored by Ralphs, Starbucks, US Bank and Lowes Home Improvement (NAP). Originally developed by Sea Breeze Properties LLC in 2005, Old Grove Marketplace presented […]
Lincoln Property Brokers 215,000 Sq Ft of Office Leases for Equity Office
By Georgiana Mihaila, Associate Editor Lincoln Property Company Southeast, working on behalf of Equity Office, has brokered 215,000 square feet of leases in the North Fulton area during the first quarter of 2012. Equity Office had awarded Lincoln Property Company Southeast the contract to manage 3.3 million square feet and lease 1.9 million square feet […]
Office Buildings Go for $22.3M; Foreclosed Apartment Complexes Sold
By Eliza Theiss, Associate Editor Four buildings in the Lenox Office Park have been bought by an affiliate of HighBrook Investment Management, with the deal closing on April 27. The New York based entity, working under the name Lenox Park C-F Owner LLC, paid $22.3 million for buildings C, D, E and F. The Shelby […]
Homewood Suites by Hilton to Open in University City
By Veronica Grecu, Associate Editor Hilton Hotels & Resorts is consolidating its presence in the city of Philadelphia with Homewood Suites, an 11-story extended stay facility that’s nearing completion. Development company Campus Apartments LLC broke ground on the $50 million hotel in December 2010, reports The Daily Pennsylvanian, and an opening ceremony for the public […]
Nonprofit FHI 360 to Relocate HQ to American Tobacco Campus
by Adriana Pop, Associate Editor FHI 360 plans to move its headquarters and about 400 employees to downtown Durham’s American Tobacco Campus next year. The transaction represents one of the largest leases signed in the Triangle in recent years, providing American Tobacco’s owner, Capitol Broadcasting, with an anchor tenant. The NewsObserver reports the Durham-based international nonprofit […]