Investment
O&S Holdings Sells 603 KSF Mixed-Use Bridge Street Town Centre in Alabama
Five years after developing Bridge Street Town Centre as part of the mixed-use Bridge Street development in Huntsville, Ala., O&S Holdings has sold the 600,000-square-foot lifestyle center to Miller Capital Advisory.
Marriott’s $210M Gaylord Purchase Brings Structural Changes
Gaylord Entertainment of Nashville has agreed to sell its Gaylord Hotels brand and the management rights to its four hotels to Marriott International for $210 million in cash. The deal hinges on Gaylord’s transition to a REIT structure, which will be decided at a shareholder meeting in August.
Hull Storey Gibson Picks Up 434 KSF Retail Mall in Virginia
With an eye toward expanding its presence in the South, Hull Storey Gibson Cos. has just purchased Liberty Fair Mall in Martinsville, Va. The transaction adds 434,300 square feet to the retail property owner’s portfolio.
SL Green Spends $135M on 215 KSF Midtown South Mixed-Use Building
SL Green has picked up 304 Park Ave. S., a 215,000-square-foot mixed-use office and retail building, from a partnership headed by David Berley, chairman of Walter & Samuels, for $135 million, or $628 per square foot.
In $100M Transaction, Kane Realty Sells N.C. Multi-Family Complex, Refis Retail Portion
In an intricate, multi-faceted transaction valued at $100 million, Kane Realty has sold a segment of its Park & Market mixed-use residential property in the North Hills district of Raleigh, N.C., and recapitalized another.
Beck Ventures Plans $2B Transformation for 1.7 MSF Dallas Mall
The 39-year-old Valley View Center, a mall located on 1.65 million square feet of property in North Dallas, will be transformed into Dallas Midtown, a mixed-use lifestyle project, as part of a $2 billion redevelopment project planned by its new owners.
Bell Partners Spends $66M on Tampa Apartment Complex
In a solid rental market that’s dropped below 5 percent vacancy, Bell Partners has made a significant buy. The firm has just purchased the 422-unit Seaport Channelside apartments in Tampa for $66 million, bringing its total portfolio in the city to four properties.
$600M Mixed-Use Development in Atlanta Suburb Gets Green Light
Avalon, a $600 million, 87-acre mixed-use project to be developed in Alpharetta, Ga., by North American Properties, passed its last regulatory hurdle Monday night when the Alpharetta City Council approved the development.
NYC's 530 Fifth Gets Upgrade, Shows Retail Demand Continues to Expand
The new owners of 530 Fifth Ave. in Manhattan are targeting fashion tenants as they upgrade and reconfigure the building’s retail spaces — and are riding the crest of a wave that shows the world-famous corridor is once again seeing rising rents for the sector.
Taubman Announces Construction of $315M, 880 KSF Mall in Sarasota
Taubman Centers, in conjunction with Benderson Development, will begin construction on the 880,000-square-foot Mall at University Town Center in Sarasota. The retail complex, which will cost an estimated $315 million, will feature Saks Fifth Avenue, Macy’s and Dillard’s among its approximately 115 stores.