News
CNL Healthcare Acquires 9 Medical Office Buildings
CNL Healthcare Properties has acquired from developer Meadows & Ohly a portfolio of nine Class A medical office buildings for $238 million.
Transwestern Increases M-F Focus: Teams with Amstar to Build Apartments in San Antonio
A plan to build a 229-unit, Class A apartment building in San Antonio with Amstar, is part of Transwestern Development Co.’s increased focus on multi-family projects.
Economy Watch: Home Price Increases, Gas Prices
U.S. residential prices were up only 0.1 percent month over month in October. The national average for gas prices has fallen 95 days in a row.
$94M David Whitney Building Redevelopment Brings Apartments, Hotel to Detroit Hotspot
The redevelopment of Detroit landmark The David Whitney Building is now complete, after more than three years in the making. Following an investment of $94.5 million, the now fully-renovated structure features 108 apartments at The Residences and a 136-key Aloft hotel.
PANYNJ Considers Selling RE, One WTC
Port Authority of New York and New Jersey officials are talking about possibly selling some of its real estate, including One World Trade Center.
Berkshire Group Grabs 325-Unit M-F Asset in Dallas’ Medical District
Berkshire Group wraps up a busy year of buying with the acquisition of Aura Medical District, a 325-unit apartment community in Dallas’ booming medical cluster.
Nakash Holdings Buys The Setai Hotel in South Beach
Nakash Holdings, the investment company controlled by the founders of Jordache Enterprises and famous for its Jordache jeans, is expanding its hospitality holdings in Miami with the acquisition of The Setai Hotel.
ARCP Board Outlines Priorities, Announces Lender Deal
Maybe it was a way of trying to be low profile, or maybe it was only what it was, but last Wednesday, Christmas Eve, American Realty Capital Properties Inc. set out its board’s priorities and announced that it has concluded an evaluation of its portfolio properties.
Time Equities Acquires 380 KSF Shopping Center in Monroe, N.C.
Time Equities has acquired Monroe Crossing Shopping Center, a 379,630-square-foot regional shopping center in Monroe, N.C., from Madison Marquette.
Economy Watch: Holiday Retail Sales, Freddie-Mac Delinquencies
Holiday retail sales between Thanksgiving and Christmas increased 5.5 percent this year. Freddie Mac reported that its single-family serious delinquency rate was unchanged in November month over month.