News
Lennar Takes Site in Little Italy for High-Rise
A vacant site that is scheduled to become a new residential high-rise was recently the object of a deal in Little Italy. The buyer was Lennar Multifamily Communities , LLC who paid seller Chhatrala 520 Ash St LLC a total of $12.8 million for the development site. According to the San Diego office of Colliers International, the off-market transaction was handled by Senior Vice President Victor Krebs on behalf of the buyer. The selling entity was not represented by a brokerage.
Moratorium Plan Galvanizes Debate Over Affordable Housing
The Mission is facing a very testing moment as the San Francisco Board of Supervisors is set to discuss the recently proposed Mission District Housing Moratorium during the upcoming month. Although analysts are predicting that the measure will not pass, the proposition will most likely return as a November ballot initiative. One of the moratorium’s most staunch supporters is Supervisor David Campos, who is of the opinion that a temporary market-rate housing stop is absolutely necessary, but the proposal is rapidly gathering opposition.
American Realty Advisors Sells Phoenix Office/Data Center Property
American Realty Advisors recently raked in some dough on the disposition of a sizeable office and data center property in Phoenix.
Retirement Complex Sold for $62 Million
Watermark Retirement Communities, a senior living company based in Tucson, AZ, sold one of its retirement communities in center City Philadelphia.
International: Mace to Bring High-Tech Cancer Treatment to Manchester
A new cancer treatment facility will aim to make the latest technologies available to patients in the U.K.
Colliers Leads as Hooters Flies Far
Hooters of America is expanding its iconic brand domestically and internationally and has tapped Colliers International for help.
Deka, Ashkenazy Buy Marriott New York East Side
Deka Immobilien and Ashkenazy Acquisition Corp. have partnered on an asset in Manhattan’s largest office corridor.
Economy Watch: CRE’s Upward Course
A stronger labor market and rising household formation ought to keep the wind in CRE’s sails.
Gilbert Snags Two New Center Parking Decks—Albert Kahn/Fisher Duo to Follow?
In a move that simply doesn’t surprise anyone anymore, Detroit real estate mogul Dan Gilbert snagged two more properties in the city.