Business Specialties
Hemingway Development to Expand MidTown Tech Park
By Adrian Maties, Associate Editor Hemingway Development, a division of Streetsboro-based Geis Cos., plans to invest $8.9 million to purchase and renovate a vacant four-story building at 6555 Carnegie Ave. in MidTown Tech Park, in the Health-Tech Corridor. MidTown Tech Park is right in the heart of the Health-Tech Corridor, the area between East 55th […]
New Owner Plans to Resume Work on Kenwood Towne Place
By Adrian Maties, Associate Editor Phillips Edison Strategic Investment Fund II L.L.C. recently announced it has agreed to buy Kenwood Towne Place from a lending group led by Bank of America. The deal represents the third acquisition for Strategic Investment Fund II. Phillips Edison established the fund to focus on buying and improving large distressed […]
Russian Residential Developer Opens Sales on Latest Residential Complex
Moscow-based residential development firm PIK Group recently launched sales for a new centrally located project.
Cantor Commercial Snags Freddie Mac Veteran May for Lending Business
Cantor Commercial Real Estate has snagged former Freddie Mac multi-family exec Michael May as the newest member of its multi-family team.
Avison Young Buys Property Management Firm in Las Vegas
Avison Young has acquired Las Vegas–based commercial property management firm Landry & Associates Inc., Avison Young announced Wednesday. The purchase places the Toronto-based company among Las Vegas’ top commercial property management firms.
Behringer Harvard, Prospect Capital Launch Investment JV
With an eye toward tackling the challenges posed by the plethora of low-yielding fixed-income vehicles in the current financial environment, Behringer Harvard Holdings L.L.C. and Prospect Capital have teamed up on the launch of a new venture.
Homewood Suites Introduces New Design Concept with Smaller Footprint
The 97-room hotel marks the debut of Homewood Suites’ new Generation 9 design prototype.
Marriott Vacations Kicks Off Third Phase of 223-Unit Timeshare in Las Vegas
Seven years after opening Marriott’s Grand Chateau in Las Vegas, Marriott Vacations Worldwide Corp. has commenced construction of the third tower at the complex of ownership villas.
Suburban Boston Office/R&D Property Commands $93.5M
Real Estate Capital Partners USA Capital Trust sold the trophy asset at 174 & 176 Middlesex Turnpike in Bedford, Mass., to Cole Real Estate Investments.
Harbert Buys Lockhill Selma Office Property in San Antonio
By Camelia Bulea, Associate Editor Harbert United States Real Estate Fund IV L.P. announced the acquisition of 4350 Lockhill Selma, a three-story, 116,545-square-foot Class A office building in San Antonio. Additionally, the company bought the adjacent land parcel, on which it plans to develop a second phase. Financial terms were not disclosed. Travis Pritchett, managing […]