News
Merritt Properties Partners with NAFCO and Congressional Seafood to Build a $8.9M Seafood Distribution Facility in Jessup
Merritt Properties and NAFCO & Congressional Seafood Company have joined forces to construct a new seafood distribution facility in Jessup. The 88,000-square-foot building will serve as NAFCO and Congressional’s new headquarters.
Champion, Long Wharf Sell 800 KSF Group of Suburban Dallas Office Buildings
Champion Partners and Long Wharf Real Estate Partners have sold an 800,000-square-foot group of Class A office buildings in Richardson, just outside of Dallas, to Spear Street Capital.
INTERNATIONAL: AMP, Billbergia Sell Landmark Site in Brisbane
AMP Capital Select Property Portfolio No.3 (SPP3) and Billbergia have agreed to sell part of the former Vision tower site in Brisbane’s CBD to the owner of Felicity Hotel Group, which plans to develop a five-star hotel on the property.
Minneapolis Sticks with Ryan Cos. for Residential Tower Near Vikings Stadium
The Minneapolis City Council unanimously voted on September 19 to stick with Ryan Cos. for the development of a residential tower in Block 1 of the Downtown East mixed-use project, rejecting a competing offer from the Minnesota Vikings.
Strand at Huebner Oaks Shopping Center Acquired by Whitestone REIT
The Strand at Huebner Oaks Shopping Center has a new owner. Whitestone REIT, a fully integrated real estate company that owns, operates, and redevelops Community Centered PropertiesTM, acquired the retail complex with funds from its corporate credit facility.
GE Unit to Take 510 KSF Building in Jacksonville
GE Oil & Gas has selected Hillwood’s AllianceFlorida on Jacksonville’s Westside as the location for a new 510,000-square-foot advanced manufacturing facility.
Howard Hughes Corp. Plans New Ward Village Condo High-Rise in Downtown Honolulu
By Adriana Pop, Associate Editor The Howard Hughes Corp. is planning the construction of a new mixed-use condominium high-rise as part of its Ward Village master-planned community in the heart of downtown Honolulu. According to the Pacific Business News, the 466-unit project is slated to rise at the former site of Hawaii’s first Nordstrom Rack […]
Historic Capitol Hill Landmark Property to Become Modern Residences
One of the oldest structures in Washington, D.C. will soon turn into the city’s newest condominium residence. The Maples was constructed in 1795 in the heart of Capitol Hill. By the end of the year, it will be a brand new community of modern flats, duplexes and townhomes.
Shorenstein Grabs 4-Building Tech Campus in North San Jose for $100M
Shorenstein Properties has acquired four buildings in Champion Station from TMG Partners for a reported $100 million.
Economy Watch: GDP, Consumer Sentiment
Real gross domestic product increased at an annualized rate of 4.6 percent during the second quarter of 2014. The final Reuters/University of Michigan consumer sentiment index for September has spiked compared to the end of August.