News
Prudential Grabs Mixed-Use Center in Naples, Fla.
Prudential Real Estate Investors has shelled out a pretty penny for a prominent piece of property in Naples.
Investors Buy Two Fully Leased Shopping Centers in Greater Washington
Investors have snatched up two more shopping centers in the Greater Washington area. The properties traded for a little over $50 million.
Mayo Clinic Debuts $180M Proton-Beam Therapy Center in Rochester
Mayo Clinic has finally opened its Richard O. Jacobson Building at 190 2nd St. NW in downtown Rochester, Minn. after three years of construction work.
AquaLand Development Acquires Lone Star Brewery
Austin real estate company AquaLand Development announced the acquisition of Lone Star Brewery, the first large mechanized brewery built in 1884. The price of the transaction remains undisclosed.
Alexander & Baldwin Sells Luxury Condominiums at The Collection in Honolulu
Alexander & Baldwin Inc.’s The Collection condominium project currently under construction in the city’s Kakaako neighborhood has pre-sold 94 percent of its units. Most of the new residences have been purchased by local buyers, the Honolulu-based company announced.
$3.2M Baker’s Row Condos Get City Council Approval
Baker’s Row, the eight-unit condominium complex proposed on the former site of Hubig’s Pies, has cleared its next-to-last hurdle, with the New Orleans City Council approving redevelopment plans
Berkadia Provides Financing for Affordable, Student Communities in Greater Seattle
Berkadia’s local office recently announced that it has arranged financing for two residential communities located in the greater Seattle area. The student housing property and affordable housing property are located in Lynwood and Maple Valley, respectively. The commercial real estate company originated a total of $15.3 million in financing for the assets, in both cases the funds being provided through fixed-rate loans. Both deals were handled by Senior Vice President Jeff Stuart.
Akron City Council Approves Land Purchase for New Dollar Tree Store
At last week’s meeting, the Akron City Council passed legislation that will allow two commercial projects in the city’s west side to move forward. The projects will bring a new Dollar Tree store and a new office building to Akron.
CCRFC to Decide on Tennessee Brewery’s Future Tomorrow
The 12th of May will be an important day for the developers behind the Tennessee Brewery—William Orgel, Jay Lindy and Adam Slovis. The Downtown Memphis Commission (DMC) will decide tomorrow on whether to grant the three developers a 20-year PILOT for the redevelopment of the historic brewery located at 495 Tennessee St. & 11 E. Butler Ave.
Cushman & Wakefield, DTZ to Merge
DTZ finally ends months of speculation about the future of Cushman & Wakefield.