News
Laurus Corp. Acquires Scottsdale’s Canyon Village
Laurus Corp., an affiliate of real estate private equity firm Ethika Investments, L.L.C., recently acquired the Canyon Village office park in Scottsdale for an undisclosed amount. Canyon Village is a four-building, 93,890-square-foot office complex in the DC Ranch mixed-use neighborhood center. It features in addition to office components, various retailers and restaurants.
Makeover Planned for First National Bank & Trust Building
First National Bank & Trust Co., the oldest hometown bank in Tulsa County will soon begin renovation of its main location in downtown Broken Arrow.
Apple Bites for 4 Buildings Near New Campus
Riata Crossing North, the office complex comprised of four buildings in Northwest Austin, has been sold. The buyer is Apple Inc., already the solely occupant of the entire complex, which it had been leasing before the acquisition. The price or further details of the transaction were not disclosed, reports The Austin American-Statesman.
Waterton Associates Picks up Baldwin Park-Area Community
The 212-unit Promenade Crossing garden-style apartment community changed hands recently, Waterton Associates, LLC announced. The acquisition marks the sixth addition to the Chicago-based real estate investor and operator’s Florida portfolio and it is their second property acquired this year.
Christ Hospital’s $50M Outpatient Center Nears Opening in Montgomery
Christ Hospital is expanding in Greater Cincinnati. The health network will open a new outpatient center in Montgomery next month.
P&G Plans $300M Expansion in Mason
Procter & Gamble plans to expand its 1.5 million-square-foot Mason campus. The Cincinnati-based company said this month that it intends to spend $300 million to build a massive research and development center at 8700 Mason-Montgomery Road.
Verst Logistics Signs Northern Ky.’s Largest Industrial Lease of 2015
Verst Group Logistics is expanding in Northern Kentucky. The company has recently signed a lease with RT Hebron, LLC, and will occupy the entire 189,400-square-foot building at 1985 International Way, in Hebron.
Q&A with Daniel Eller, President & CEO of Eller Capital Partners
Eller Capital is committed to offering apartment units with modern, upscale finishes at an accessible price. This spring, the company has launched an incentive program for public employees.
Armada Hoffler Sells Newly Built Multifamily Property in Durham for $35.6M
Armada Hoffler Properties is selling the Whetstone Apartments community in Durham for $35.6 million to an undisclosed buyer.
Bascom Group, Carlyle Realty JV Buys MF Asset in Emeryville
Bridgecourt Apartments in Emeryville was recently acquired by a joint venture of The Bascom Group and funds managed by Carlyle Realty Partners. The buyer paid a total of $45.1 million for the asset in a deal arranged by Stephen Jackson and Mark J. Feldman of Colliers International. CBRE Capital Markets provided a $40.6 million loan through California Bank & Trust, with the funds being used in the transaction.