News
PRES Signs Healthcare Company to 192 KSF Lease in Downtown Anaheim
St. Joseph Heritage Healthcare has signed the largest office lease in Orange County in 2014 with PRES Cos. at 200 Center St. in Anaheim.
Insula Companies Grabs Two C-Fla Communities
Sarasota-based Insula Companies has recently announced two multifamily acquisitions. One of the properties is located in the Orlando Metropolitan Area in Kissimmee and the other in Lakeland, around halfway between Orlando and Tampa.
Hotel Urbano under New Ownership, HFF Represents Seller
Hotel Urbano at Brickell, a 65-key boutique hotel located on historic Brickell Avenue in Miami, Florida changed hands recently, Holliday Fenoglio Fowler announced. The hotel was offered with valuable development rights allowing for a 64-room (12,699 square feet) expansion on the site.
INTERNATIONAL: Brookfield Begins Construction on $88M Senior-Living Community in Sydney
Leading global contractor Brookfield Multiplex has broken ground on an $88 million senior living community in Sydney’s Vaucluse suburb.
Douglas Wilson Cos. JV Buys 2.5 Acres in Tempe
Hayden House Tempe, a partnership among Douglas Wilson Cos., Hensel Phelps Development, and Karlin Real Estate, has acquired 2.51 acres in Tempe for from Michael Monti’s Catering.
Magellan JV Gets $80M Construction Loan for Miami M-F Tower
A joint venture of Magellan Development Group, Midtown Development and an unidentified institutional investor has secured $80 million in construction financing for Midtown 5, a 24-story luxury apartment tower in Midtown Miami.
Economy Watch: Personal Income, Consumer Sentiment, Gas Prices
U.S. personal income increased 0.2 percent in September. Consumer sentiment continued its improvement during the second half of October. Last week, the average U.S. price for a gallon of gas dropped below $3.
Meritex, Metro Get Green Light for Chandler Industrial Complex
The Chandler City Council recently greenlit a Planned Area Development (PAD) zoning request and approved the plan for the development of Chandler Airport Center, a three-building industrial park in Chandler. The industrial project will be developed by Meritex Chandler and Tempe-based Metro Commercial Properties. The latter will also provide management services for the three units. Leasing will be handled by Lee & Associates Principals Chris McClurg and Ken McQueen.
Cherokee Nation Debuts Jack Brown Substance Abuse Center in Tahlequah
The Cherokee Nation recently broke ground on a new $5 million, 28,000-square-foot substance abuse center meant to help Native youth who are struggling with drug and alcohol addiction.
LAZ Buys Three Downtown Cincinnati Parking Garages
LAZ Parking Realty Investors, an affiliate of Connecticut-based LAZ Parking, has recently acquired three parking garages located in downtown Cincinnati. The three-property portfolio includes a total of 2,310 parking stalls.