Business Specialties
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 […]
Alexandria Signs 187 KSF of Life-Science Office Leases Near Boston
Metropolitan Boston continues to bustle and Alexandria Real Estate Equities is profiting from the activity, having just closed six leases totaling approximately 187,000 square feet at its Alexandria Park at 128 complex in suburban Boston’s Route 128 submarket.
Orlando-Area Apartment Community Acquired by McCann Realty
Vista at Lost Lake Apartments, a five-year-old, 276-unit, garden-style rental community just outside Orlando, has been acquired by Richmond, Va.-based McCann Realty Partners. The property will be managed by Atlanta’s Pegasus Residential.
Parkway Sees $200M Equity Investment, Purchases 972 KSF Charlotte Office Tower for $250M
Aided by a $200 million equity investment from private investment firm TPG, Parkway Properties completed its purchase of Hearst Tower, a 46-story, 972,000-square-foot office tower in downtown Charlotte, N.C., for $250 million.
CNL Healthcare Trust JVs with Sunrise Senior Living on Seven-Property, $226M Agreement
CNL Healthcare Trust has signed an agreement with Sunrise Senior Living to enter into a joint venture that will change ownership of seven communities valued at approximately $226 million. Under the agreement, CNL will own 55 percent of the JV, with Sunrise retaining the remaining interest.
Sunstone to Sell Marriott Del Mar in California for $66M
Sunstone Hotel Investors continues a portfolio repositioning strategy with an agreement to sell the Marriott Del Mar in San Diego, Calif. The lodging REIT will trade the 284-room hotel in a $66 million transaction that will include the buyer’s assumption an existing $47.2 million mortgage.
Pharma Firm Astellas Opens $150M, 446 KSF HQ Near Chicago
Hot on the heels of a large leasing agreement, MB Real Estate has helped on the construction of a $150 million headquarters for Astellas Pharma in Northbrook, Ill., a project that won the praises of Illinois Gov. Pat Quinn.
Digital Realty Expands into Chicago Suburbs with 575 KSF Campus
Digital Realty Trust, living up to its promise to create demand in the Midwest market, has acquired a 575,000-square-foot redevelopment project in a Chicago suburb to transform the property into a data center.
Forestar, Canyon-Johnson Partner on Luxury Austin Multi-Family Community
Forestar Group has partnered with Canyon-Johnson Urban Funds to develop Eleven, a new multi-family community at the southeast corner of East 11th St. and I-35 in Downtown Austin, Texas.
Kennedy Wilson Takes Dublin Property, Eyes European Acquisitions
Kennedy Wilson has acquired the Alliance Building, a 210-unit building in Dublin, Ireland, along with its partner Fairfax Financial. The two firms purchased the property for $50.4 million from Grant Thornton.