News
RadioShack Goes Bust, Sprint Moves in for the Kill
One retailer’s misfortune is another retailer’s fortune. Why, you ask? Read on.
Dayton Scores High for Lifestyle, Affordability: Study
The city of Dayton is one of the best affordable places to live in the United States. Livability.com has placed the Gem City at number two on its recently released list of Best Affordable Places to Live. Only Round Rock, in Texas, is ranked higher.
Transwestern Development Breaks Ground on Lakefront Property
Transwestern hopes to attract young professionals seeking an amenity-rich lifestyle with its purchase of a lakefront site in Tempe.
Colliers International Tapped by RPAI to Market Zurich Towers Office Complex in Schaumburg
Oak Brook, IL-based Retail Properties of America, Inc. (RPAI) has chosen Colliers International to market the iconic ‘Zurich Towers’ office complex in suburban Chicago.
Gaia Grabs Luxury Multi-Housing Property in Manhattan
In looking for more added-value opportunities, Gaia Real Estate Investments has found a winner in its latest Manhattan purchase.
The Montrose Changes Ownership, Goes Condo
The Montrose, a boutique rental building in Midtown Manhattan, was recently sold in a $75 million transaction brokered by HFF.
Land Acquired for 80-Unit Multifamily Asset in Allston
Waypoint Companies’ 80-unit apartment complex project that was approved by the BRA last year is now one step closer to breaking ground.
Hilton Expands Extended-Stay Footprint, Renovates Madison House into Home2 Suites Hotel
Hilton has announced a $13 million adaptive reuse project of the building known by the name of the Madison House, The Walton, Walton Building, etc. as part of an expansion process involving nearly 20 U.S. downtown locations. The hospitality giant plans to convert the building into Atlanta’s first Home2 Suites-branded extended stay hotel and expects it to open in August 2015.
Pasadena Office Asset Acquired by Laurus Corporation
A Pasadena office asset was recently picked up by private real estate investment and development firm Laurus Coporation. The company announced the acquisition of 199 South Los Robles this week, which marks an expansion of Laurus into the country’s second largest office market. Pasadena is one of the best performing submarkets in Los Angeles, with the area being able to maintain a consistently low average vacancy rate over the past decade. Pasadena, along with Glendale and Burbank, is part of Tri-Cities market, one of the top three real estate markets in Los Angeles County.