Cities
First Potomac, Perseus Purchase D.C. Bus-Terminal Site for $46.8M Office Project
First Potomac Realty Trust and Perseus Realty L.L.C. have purchased the 1.6-acre Greyhound Bus Terminal site from FirstGroup PLC for approximately $46.8 million in order to develop a future office project.
Shoreview Complex Faces Foreclosure
By Camelia Bulea, Associate Editor
The former headquarters of Deluxe Corp. is now facing foreclosure. The lender on Shoreview Corporate Center, a 553,000-square-foot office and industrial campus located in the suburb of Shoreview, has started foreclosure proceedings. Since 2005, the mortgage […]
Inland Pays $69M for Fairmont Dallas
By Georgiana Mihaila, Associate Editor
The historic Fairmont Hotel in Dallas traded hands this week for the reported amount of $69 million, or $127,000 per key. According to city records, the seller was PCCP DCP Dallas Hotel, an affiliate of El […]
New Master-Planned, Hotel Projects Benefit from Public-Private Partnerships
By Gabriel Circiog, Associate Editor
The latest step in the expansion of the Canyon Centre Community Development Area saw the Salt Lake County Council allocating $3 million in property-tax revenue over a period of 18 years for the construction of a $7 million public parking structure, according to the Deseret News. The county will also waive 100 […]
Brooks City-Base Lofts Break Ground in Latest Addition to South Side Growth
By Camelia Bulea, Associate Editor
The South Side of San Antonio saw the groundbreaking of a $27 million housing project at Brooks City-Base last week.
The former military installation, now public land, scores another milestone in its economic development with the creation […]
Condos Founder, Class A Office Flourishes as Downtown Struggles to Recover
By Amalia Otet, Associate Editor
Plans for development of the Trump Tower, announced the day before Hurricane Katrina hit New Orleans, have been officially halted, as the site of the 70-story, $400 million skyscraper that was to have been the tallest […]
Tabani Group Gets Option to Buy Northgate Mall
By Adrian Maties, Associate Editor
Tabani Group International, a Dallas-based real estate investment group, has obtained an option to buy and redevelop Northgate Mall in Colerain Township. A revised preliminary development plan for the mall was presented for approval to the Colerain […]
Atlanta Lands TeamStaff, RockTenn HQs
By Georgiana Mihaila, Associate Editor
TeamStaff Inc., provider of logistics, health-care and technical services primarily to the U.S. Department of Defense and U.S. Department of Veterans Affairs, has relocated from Somerset, N.J., to Atlanta. The 1776 Peachtree Building, owned by Denholtz […]
Las Olas City Centre to Sell for $160M; 396 Alhambra Opens South Tower
By Georgiana Mihaila, Associate Editor
Las Olas City Centre, the prominent Fort Lauderdale office tower, is being purchased by a fund related to JP Morgan Investment Management for $160 million, or $400 per square foot. According to South Florida Business Journal, […]
Developers Eye 300-Room Hotels in Austin and Suburbs
By Camelia Bulea, Associate Editor
A 210-room hotel could be built in downtown Austin, on Congress Ave. The developer’s plan is to build a boutique hotel in the Bosche-Hogg Building, with 210 rooms and 120,000 square feet of office space, according […]