News
Kennedy Wilson Announces Sale of Historic Aztec Theatre in San Antonio
The vertically integrated global real estate investment and services firm Kennedy Wilson, with headquarters in Beverly Hills, CA, recently announced the sale of the historic mixed-use Aztec Theatre in San Antonio.
Downtown Dayton Duo Heads to Auction
Two office properties in Downtown Dayton will hit the auction block next month. CBRE Auction Services is selling the mid-rise class C office towers at 333 W. 1st St. and 349 W. 1st St., at an online auction, together with a 340-space attached parking garage. The minimum bid is $350,000.
Economy Watch: Jobs Growing, Housing Slowing Down
How does employment affect the real estate market? Read on.
Starwood’s Westin Nanea Ocean Villas Timeshare Resort to Open on Maui in 2017
Starwood Vacation Ownership, a division of Starwood Hotels & Resorts Worldwide, Inc., has announced plans for the development of The Westin Nanea Ocean Villas, an oceanfront time-share resort located on Kaanapali Beach on Maui.
Whole Foods to Open 30 KSF Mandeville Location; St. Rock Market Targets April Opening
Mandeville residents that have been campaigning for a Whole Foods location can finally celebrate.
Hines Acquires Large Office Asset in High-Performing Bellevue
Civica Office Commons in Bellevue, WA was recently acquired by international real estate firm Hines in a deal worth approximately $205 million. The Bellevue office market has consistently over-performed over the past few years, with top assets here being currently sought after at cap rates lower than the five percent mark. With completions also set to go upwards in 2015, and absorption rates climbing as well, the area’s office market is ripe for investment.
$9M Boathouse Project to Transform Downtown Industrial Area
A Downtown Cleveland industrial area is about to be transformed into a place for walking, biking and boating. Mike Trebilcock, CEO of MCPc, Inc., his wife, Gina, and MCPc Family Charities, a non-profit associated with MCPc, Inc., have recently acquired a dozen industrial buildings in Cleveland’s Columbus Peninsula. They plan to turn the properties into a shared-use park, fitness center, and collegiate and youth boathouse.
Montgomery County’s New Public Safety Training Academy Breaks Ground
Montgomery County Executive Isiah Leggett joined numerous other local officials last week to celebrate the groundbreaking for the new Public Safety Training Academy. The facility is part of Montgomery County Multi Agency Service Park, another of Leggett’s Smart Growth Initiative projects expected to turn a former industrial area near the Shady Grove Metro station into an urban village.
Economy Watch Weekly: What’s Next for Interest Rates?
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended Feb. 20, 2015.
Provident Closes Development Loan for Shopping Center in Clark, NJ
The Provident Bank has uncovered a sound financing opportunity in Clark, N.J.