News
TriHealth, Select Medical Detail Plans for Hospital in Evanston
Earlier this year, TriHealth and Select Medical announced their plans to form a partnership and build and operate a new inpatient rehabilitation hospital in Evanston. Last week, on November 5, the health system and the healthcare company said they finalized the joint venture.
Whitestone Buys 2 Fulton Ranch Retail Centers in $48M Deal
Houston-based Whitestone REIT has recently expanded its footprint in Phoenix through the $47.9 million acquisition of the Fulton Ranch Towne Center and The Promenade at Fulton Ranch. The two assets are part of the Fulton Ranch, a 520-acre, master-planned community in Chandler.
OU Medical Center to Operate Ebola Treatment Facility in Oklahoma City
The Oklahoma State Department of Health, represented by Commissioner of Health Dr. Terry Cline, recently announced plans to develop a specialized Ebola treatment facility in the heart of Oklahoma City.
MetLife Affiliate Buys West Chester Retail Center in $68.6M Deal
Another popular shopping center in the Greater Cincinnati area has recently changed hands. The Voice of America Centre was purchased by subsidiaries of New Jersey-based MetLife Core Property Fund GP LLC, in one of the region’s largest commercial real estate transactions of the year.
Downtown Memphis Commission Set to Review Two New PILOTs
Downtown Memphis Commission’s agenda is filling up seeing as they will have to decide on the 11th of November on two new PILOTs. Filament, LLC, the real estate arm of architecture firm Archimania applied for a PILOT for the development of a new, mixed-use project at 705 S. Main Street, while Cendown, a limited partnership with an entity controlled by former CBRE Memphis CEO, Earl Blankenship, applied for a PILOT for the redevelopment of three buildings at 77-91 South Second Street.
Portman Holdings to Build 370KSF Office Tower in Charlotte, Next to Westin Hotel
Global real estate developer Portman Holdings has announced plans to develop a 370,000-square-foot Class A office building in Uptown Charlotte.
Venue Apartment Community Acquired by Joint Venture
Carroll Organization has recently entered a joint venture with Bluerock Real Estate LLC to acquire Venue, a 306-unit Orlando multifamily property located on Central Florida Parkway, adjacent to John Young Parkway and State Road 528.
Norstar Wingate Community in Forest Park Sold, Awaits Repositioning
Norstar Wingate, a multifamily rental community in Forest Park, Georgia has recently sold for $3.4 million or $16,113 per unit, Franklin Street announced. AML GA 1001, LLC, a Florida investor group acquired the 211-unit property from a local investor, Jake Reid and Ricky Jones of Franklin Street represented the seller.
Chicago Spire Project Dead, Site Deed Goes to Related Midwest
The site of the former Chicago Spire supertall skyscraper is now in the hands of developer Related Cos., after investor Atlas Apartment Holdings, LLC failed to make a $22 million payment to the creditors by October 31st.
PS Business Parks, Inc. Acquires the 246,000-Square Foot McNeil Business Park in Austin
Already the owner of 5.1 million square feet of commercial space in the state of Texas, PS Business Parks, Inc. announced the acquisition of another multi-tenant industrial building in Austin. The transaction adds another 246,000 square feet to the 2.0 million square feet the company already owns in the city.