Cities
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 […]
Grayco Offers Max Stipend to Residents to Relocate
By Camelia Bulea, Associate Editor
Southeast Austin’s Shoreline Apartments are due for demolition and will be replaced with a project containing 1,200 apartments and up to 97,000 square feet of street-level retail. Grayco Partners first proposed the demolition in 2009, but […]
Time Warner Cable, Jetion Solar Invest in the Queen City
By Amalia Otet, Associate Editor
North Carolina has been recently designated as one of the most cost-efficient states in the country in terms of conducting business, so it’s no wonder it keeps attracting more and more investors. Charlotte, in particular, is […]
Howard University to Expand Housing Facilities; LEED Gold Offices for TMG
By Veronica Grecu, Associate Editor
Howard University may be forced to upgrade its housing to stay competitive in the D.C. marketplace. The university’s residence halls are currently able to accommodate less than 50 percent of its enrolled students, while competing schools […]