News
Two South Florida Condominium Properties Sell for $12.6M
Windward Lakes Condominiums in Pompano Beach and Southwood Condominiums in South Miami-Dade changed hands recently, Franklin Street announced. The Tampa-headquartered commercial real estate firm completed the two bulk deals with Regional Managing Partner Deme Mekras and Senior Director Elliot Shainberg representing the buyers as well as the sellers in both transactions. The sales included a total of 178 units.
$25M Urban Park and Festival Plaza Make Waves in Westfield
Downtown Westfield will soon become a more vibrant destination with the construction of Grand Junction Plaza, a 10.5-acre park slated to rise southwest of Main and Union streets.
IKEA Seeks Approval for 260K SF Store in Memphis
IKEA is on the brink of increasing its southeastern US presence seeing as it has recently unveiled tentative plans for the development of a new, 260,000-square-foot store in Memphis. Contingent on receiving all governmental approvals, the store could open as early as Fall 2016.
Economy Watch: The Benefits of Low Inflation
Low inflation is a positive for the commercial real estate industry. Click here to find out why.
Ivanhoé Cambridge Makes Second-Largest Single-Office-Building Transaction in U.S.
On a mission to increase its U.S. platform with top-quality office properties, Ivanhoé Cambridge has bought the iconic Three Bryant Park in midtown Manhattan.
Skanska Expands Hospital in Central Texas
In response to new ACA needs, Skanska USA has been selected to spearhead construction of a 236,800-square-foot addition to a hospital in central Texas.
Related Disposes of OneEleven Tower at Record Price
Scarcely six months after opening, OneEleven, a 504-unit luxury apartment tower in downtown Chicago, has been sold by Related, its developer.
Mortenson, SunShare Join Forces to Develop Community Solar Gardens across Minnesota
Denver-based community solar company SunShare and construction firm Mortenson have joined forces to develop and build community solar gardens across Minnesota.
RADCO Acquires, Rebrands Trails of Westlakes
The RADCO Companies, an Atlanta-based apartment investment and redevelopment company announced the acquisition of a three-property multifamily portfolio that encompasses 916 units in Houston and San Antonio. Trails of Westlakes residential complex of San Antonio consists of 336 units, and as the two Houston properties, has been foreclosed upon in 2011 by Frannie Mae, the seller.
HCDA Green-Lights Stanford Carr’s New Affordable Apartment Complex in Honolulu
Hawaii regulators have approved a $50 million, 128-unit affordable rental project proposed by Stanford Carr near Ala Moana Center in Honolulu’s Kakaako neighborhood.