Business Specialties
Kilroy Makes $145M Move on Two Seattle Office Properties, Preps for $186M More
Kilroy Realty Corp. continues expanding up the West Coast, adding two Seattle-area office properties for $145 million and getting ready to close on the 24-story Skyline Tower in downtown Bellevue, Wash., for $186 million.
CommonWealth Buys Trophy D.C. Building from Shorenstein for $198M
Hamilton Square, a former department store repurposed into an office building situated only a block from the White House, has been purchased by CommonWealth Partners from Shorenstein Properties for $198 million.
Fountain Residential Breaks Ground on Luxury Student Housing at University of North Texas
Work has gotten underway on 33 North, a premier 427-bed student housing community just a stone’s throw from the University of North Texas in Denton. Fountain Residential Partners, in conjunction with Crosswind Development Partners, is behind the project.
Invesco Spends $141M on NYC’s 130 Prince St.
Waterman Interests has turned a nearly $30 million profit on its asset at 130 Prince St. in New York City, selling the building for $140.5 million to Invesco after purchasing the property in 2007 for $112 million.
O&S Holdings Sells 603 KSF Mixed-Use Bridge Street Town Centre in Alabama
Five years after developing Bridge Street Town Centre as part of the mixed-use Bridge Street development in Huntsville, Ala., O&S Holdings has sold the 600,000-square-foot lifestyle center to Miller Capital Advisory.
Emerging Trends: CRE Profitability, Lending Look Bright for Remainder of 2012
The Urban Land Institute and PricewaterhouseCoopers have released the results of the annual Emerging Trends in Real Estate survey — and the responses point to a stronger commercial real estate outlook for the remainder of 2012, with a general trend toward a bullish CRE industry.
Marriott’s $210M Gaylord Purchase Brings Structural Changes
Gaylord Entertainment of Nashville has agreed to sell its Gaylord Hotels brand and the management rights to its four hotels to Marriott International for $210 million in cash. The deal hinges on Gaylord’s transition to a REIT structure, which will be decided at a shareholder meeting in August.
New Home Demand and Building Rebound; Land Prices Lag
By Alex Girda, Associate Editor After a long drought, the Las Vegas housing market finally has some good news for homebuilders. New home permits are up 40 percent across the board, with Las Vegas, North Las Vegas and Henderson among the most active areas, according to VegasInc. Prices are staging a comeback as well; so […]
Boyd Keeps Echelon Place Alive After 2 Years of Limbo
By Alex Girda, Associate Editor Since financing shortfalls forced Boyd Gaming to halt construction of the $4.8 billion Echelon Place project two years ago, the mixed-use project has stood as a cautionary tale of overreach. Recently, the developers recently took steps to keep the incomplete project alive, petitioning Clark County to extend several key deadlines. […]
Slidell Memorial Hospital Expands Cardiology, ER Units
By Eliza Theiss, Associate Editor Slidell Memorial Hospital broke ground on its much needed new wing Tuesday. The community hospital has been struggling for some time now because of space shortages and increasing numbers of patients. The Times-Picayune reports that the number of patients treated in 2010 at Slidell Memorial was 3,500 more than it […]