Business Specialties
Economy Watch: Euro Summit Gladdens Investors for Now; Foreclosures More Extreme at State Level
Word from the negotiating nabobs in Europe on Friday seemed to be positive, though as usual the details of the agreement remained a little elusive. CoreLogic reported a slight uptick in foreclosures at the federal level, but more significant changes–both positive and negative–among a number of states.
Maxim Invests $65M to Expand San Antonio Facility
By Camelia Bulea, Associate Editor Maxim Integrated Products Inc., a Fortune 1000 semiconductor company headquartered in Silicon Valley, will invest approximately $65 million to expand its semiconductor fabrication facility in San Antonio. Purchased in 2003 from Philips Semiconductors Inc., the 380,000-square-foot facility will also undergo an equipment upgrade as part of the same investment, according […]
Hong Kong Developer Invests in Greenwich Peninsula Mixed-Use Project
Quintain Estates and Development plc has announced that Dr. Henry Cheng Kar-Shun’s investment vehicle, Knight Dragon, has taken on a 60 percent stake in the Greenwich Peninsula mixed-use development project in London.
Kansas City Council Prepares Hefty Tax Incentive Package to Attract Freightquote.com
By Gabriel Circiog, Associate Editor The Kansas City Council is preparing a hefty tax incentive package to lure Freightquote.com to cross the state line, The Kansas City Business Journal reports. The current headquarters of the online shipping company is in Lenexa at 16025 West 113th Street, but Kansas City proposes a $65 million Chapter 100 […]
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, […]
Kearny Buys $89M Loan Portfolio
With the acquisition of an $89 million loan portfolio, Kearny Real Estate Co. and Morgan Stanley Real Estate Investing are more than halfway to their goal of purchasing $1 billion in loans.
Miller-Valentine Wins Two Portfolio Contracts from Iron Mountain
Miller-Valentine Group has been tapped by Iron Mountain Inc. to serve as general contractor for the information management service provider’s portfolio of facilities in the Mid-South and Ohio Valley regions.
Parmenter Lands Fifth Third Tower
Miami-based Parmenter Realty Partners has acquired Fifth Third Center, a 30-story office in Charlotte, N.C., with the aid of a $120 million financing deal obtained by CBRE Capital Markets.
The Winners: CPE’s 2012 Distinguished Achievement Awards
CPE is pleased to announce the winners of the second-annual Distinguished Achievement Awards, recognized for their ability to complete deals and projects in the face of last year’s recovering economy.