News
EDENS Expands Holdings in Charlotte with 75K SF Shopping Center
Developer, owner and operator of community-oriented shopping centers EDENS, has expanded its Charlotte presence, by the addition of Myers Park Center to its portfolio.
New Dual-Branded Hotel Acquired by Carey Watermark Investors
The newly built Hilton Garden Inn and Homewood Suites in Midtown Atlanta was picked up recently by Carey Watermark Investors Inc., as announced by the buyer. The publicly registered REIT’s portfolio of lodging and lodging-related assets is managed by affiliates of W. P. Carey Inc. and Watermark Capital Partners. The select-service and extended-stay property includes a total of 228 guestrooms; the acquisition price was not disclosed.
Chicago South Side Chosen for Obama Presidential Library Site
The Barack Obama Presidential Library will be located in Chicago’s South Side neighborhood, according to reports by CBS Chicago and NBC News.
Report: Housing Boom, Bust Phases Grow Longer Over Last 40 Years
At lot can happen in four decades, and in the housing markets of industrial countries around the world, more than just demand has changed in the last 40 years.
One Year After Grand Opening, Juanita Tate Marketplace Acquired by Optimus Properties
The Juanita Tate Marketplace in Los Angeles was recently acquired by locally based Optimus Properties LLC. The redevelopment project located at the corner of Slauson Avenue and Central Avenue is a venture that has taken its developers nearly 17 years to complete. Developed by a partnership consisting of Infinity Redevelopment LLC, the Concerned Citizens of South Central Los Angeles and the Community Redevelopment Agency of the City of Los Angeles, Juanita Tate Marketplace is regarded as “an incredible asset that serves a very underserved community in a first class fashion” by its new owner.
Sears, Macerich Make Headlines
Sears Holdings Corp. has made a third joint venture this month and analysts are abuzz.
Change in Ownership at Atlanta’s Georgia-Pacific Center
For the first time since its development in 1982, Georgia-Pacific Center in downtown Atlanta has a new name on its deed.
Wood Partners to Build 230-Unit Mixed-Use Community in Columbia
Wood Partners, LLC is bringing 230 much-needed apartments to downtown Columbia. The Atlanta-based real estate company said it will break ground this month on a new mixed-use community in the area. Called Alta Wilde Lake, it will be a key component of the redevelopment at Wilde Lake Village Center.
New ‘Tenant Star’ Law to Spur Job Growth
Congress has passed an act expected to benefit the interests of commercial building owners and their tenants in energy savings and job growth.
Shorenstein Snaps Up Lightstone-Owned Office Building
Shorenstein takes home a well-renovated property located in a fast-growing Manhattan submarket.