News
13-Story Luxury Condo Building Coming to the Upper West Side
A 6,600-square-foot development site located next to the landmark Lucerne Hotel on the Upper West Side was sold to Anbau Enterprises, a luxury real estate developer.
Martignetti Grabs 115 Acres for New Regional HQs in Taunton
One of the largest and oldest alcohol distributors in the country is looking to consolidate its operations by moving into a new regional headquarters and distribution center building south of Boston.
Economy Watch Weekly: Minuscule Economic Growth in Q1 2015
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended May 1, 2015.
KBS Realty Closes on 189K SF Financial Center at the Gardens
Financial Center at the KBS Realty Advisors of Newport Beach, Calif. has picked up a 188,772 square-foot Class A office building from institutional investors advised by JP Morgan Asset Management.
Dividend Capital Pays $69M for Portfolio
Denver-based real estate investment trust Dividend Capital Diversified Property Fund Inc. has announced the acquisition of an office portfolio for $68.75 million. The subject of the transaction is a collection of four multi-tenant office properties located in the southwest submarket of Austin, at 1122 S. Capital of Texas Highway.
DeBartolo Gets Nice Price for Downtown Asset
The Gallery at Mills Park, a 310-unit Class AA multifamily infill asset located in Downtown Orlando changed hands recently, JLL Capital Markets announced. An institutional investor of undisclosed identity purchased the property for $66.5 million. The sales price translates to approximately $215,000 per unit.
Hilton, PK Partners to Develop 125-Key Hampton Inn and Suites at Mixed-Use Community
Hilton Worldwide has signed a franchise license agreement with locally based PK Partners to develop a 125-room Hampton Inn & Suites in the heart of Keystone at the Crossing area in Indianapolis. Construction on the $15 million project is expected to begin later this year and be complete by 2016.
Ameritas Marks Completions in Forest Park
On Thursday, April 30, Ameritas, a Nebraska-based financial services firm, held a ribbon cutting ceremony to celebrate the completion of two building projects at its Forest Park campus. Together, the office buildings at 1876 Waycross Road and 1880 Waycross Road offer more than 270,000 square feet of space.
Colliers Expands in North Texas
Colliers International has made a second purchase in just two weeks.
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