News
NY Company Expands Investment Pattern into D.C.
A New York-based company has recently expanded its Maryland portfolio with the acquisition of a commercial building in the nation’s capital. It purchased the northeastern D.C. asset through an affiliate, for $14.2 million.
After Blockbuster, Hudson Pacific Launches Satellite Office
In an effort to better manage its assets in the San Francisco Peninsula and Silicon Valley, Hudson Pacific Properties recently announced the opening a new regional office in Foster City.
Downtown Baton Rouge Gets Its First Holiday Inn Express
Holiday Inn Express Baton Rouge Downtown A new hotel is now open in downtown Baton Rouge. InterContinental Hotels Group announced the opening of the Holiday Inn Express Baton Rouge Downtown on Monday, June 29.
Resurgent Office Tower in Indianapolis Draws New Jersey Investor
Landmark Center, a downtown Indianapolis office building which boasts an ideal location, condition and stable tenant roster, recently changed hands.
Economy Watch: What do Housing, Consumers & Investors Have in Common This Week?
Good news about housing, consumers and investors this week.
Micro-Units Approved for Development Outside Detroit
An underdeveloped site on the northeast corner of E. 11 Mile Rd. and Rembrandt Ave. in Royal Oak could turn into one of the hippest places to live outside Detroit.
White Star Portfolio Shines for Boston-Based Fund
In a market where it is becoming increasingly hard to find Class A, industrial buildings that are located near major thoroughfares, Realty Associates Fund X, LP managed to close on a portfolio consisting of nine such industrial assets.
Chambers Street, Gramercy to Create Industrial/Office Net Lease Giant
Chambers Street Properties and Gramercy Property Trust are making a deal, a big deal.
Bluerock Gets Ready for Celebration
A real estate investment trust focused on Class A apartment properties has designated its next market to conquer. Bluerock Residential Growth REIT Inc. announced that it has approved the acquisition of the 252-unit Century Palms at World Gateway in Orlando’s Celebration submarket.
Coming Soon to Austin: “Surf’s Up!”
The ocean is being brought to Austin by engineer and surfer Doug Coors in the only inland surfing destination in North America. After 15 years of research for the wave technology that mimics a perfect break, NLand Surf Park is under construction with completion slated for 2016.