Cities
Luxury Market Uptick Suggests Market Improvement Near
By Alex Girda, Associate Editor
The biggest home in Los Angeles County has changed hands. Candyland is waiting for its redubbing after the widow of TV producer Aaron Spelling sold her massive 56,500-square-foot mansion in Holmby Hills. In what constitutes one of […]
Cleveland Development Projects Drive City Improvement
By Adrian Maties, Associate Editor
Cleveland has reached a turning point. For the first time in many years and despite many challenges (a shrinking population, high unemployment and the scars of years of residential and corporate flight to the suburbs), the […]
Viking Partners Launches Second Fund
By Adrian Maties, Associate Editor
Private equity real estate investment firm Viking Partners L.L.C., based in Blue Ash, is striving to take full advantage of the continued distress in the commercial mortgage market by starting its second fund. It plans to raise $50 million.
The […]
Acacia Takes First Hill Complex for $61M; Regence BlueShield Puts HQ on the Block
By Alex Girda, Associate Editor
An affiliate of Acacia Capital Corp. of San Mateo has wrapped King County’s second-largest multi-family trade of the year: the $61 million acquisition of the 351-unit property at 1000 Eighth Avenue in First Hill, the Seattle Times reported. The property showed a tidy upside […]
Jamestown Seals City Hall East Sale; Morris, Manning & Martin Stays in Buckhead
By Georgiana Mihaila, Associate Editor
After months of negotiations, Jamestown Properties has sealed the deal on its acquisition of the massive City Hall East complex. A onetime center of commerce and largest brick building in the Southeast, the property fetched $27 million, according to the Atlanta Business Chronicle.
The […]
Minneapolis healthcare projects unfold; $50 million birth center breaks ground
By Camelia Bulea, Associate Editor
As it does elsewhere in the U.S., the health sector in Minneapolis and St. Paul is running counter to the nation’s economic doldrums. A $50 million birth center is scheduled to break ground this summer on the Minneapolis campus […]
New Housing and Lifestyle Developments in Boston Metro Area
By Veronica Grecu, Associate Editor
Everett city officials are evaluating four proposals to acquire or lease and redevelop the 3.9-acre site of a former high school. Though the city’s initial request didn’t specify how the property should be used, all four proposals include affordable, market-rate […]
Residential and Office Rents Increase in NYC
By Veronica Grecu, Associate Editor
A report by Citi Habitats, New York’s largest rental residential brokerage, shows that the city’s rents continued to increase in the second quarter while vacancy rates have fallen to a historic 0.72 percent in Manhattan. Average […]
Incentives to Offset Residential Housing Include Smoke-Free Apartments
By Veronica Grecu, Associate Editor
A series of incentives meant to stir things up in the Chicago residential market may prove to be quite attractive for prospective renters or home buyers.
According to the International Business Times, Bank of America plans to […]
Aventura Optima Plaza Seeking Tenants; Construction Starts for The Building
By Georgiana Mihaila, Associate Editor
The Aventura Optima Plaza, the first local project for Mexican developer Ariel Bromberg, is seeking tenants one year before completion; Colliers International South Florida has been hired as the exclusive agent, with Executive Vice President and […]