News
University Hospitals to Buy Highland Hills’ One Harvard Crossing for $12M, Relocate 600 Employees
University Hospitals is moving to a new location. The hospital system recently announced its plans to buy the One Harvard Crossing office building, in Highland Hills, and move 600 of its administrative employees to the East Side suburb.
Milestone Apartments REIT Acquires Pearland’s Villas at Shadow Creek
Milestone Apartments Real Estate Investment Trust just increased its Houston footprint by entering an agreement of purchase and sale for Villas at Shadow Creek, a 560-unit multifamily community located in the Pearland submarket.
Southern Methodist University Breaks Ground on New Academic Building
Southern Methodist University recently broke ground for Harold Clark Simmons Hall, a three-story, 40,000-square-foot academic building. Located along Airline Drive, the new unit will house various programs and departments.
Third Westin Hotel Opens in Arlington
Starwood Hotels & Resorts Worldwide, Inc. announced last week the opening of the Westin Crystal City. The new hotel is the third property to open in Arlington under the Westin Brand.
Executive Insights: Daniel Kline, Delancey Street Capital
Daniel Kline, founder of Delancey Street Capital, talks about the Baltimore Class B and C multi-family market.
Faris Lee Closes $22M Sale of Watson Marketplace in Buckeye
Faris Lee Investments, an Irvine-based retail advisory and investment sales firm, recently announced that it helped close the $22 million sale of Watson Marketplace, a fully-leased 90,000-square-foot retail center in Buckeye, AZ. The transaction entailed 55,153 square feet of retail space leased to national credit and regional tenants such as Goodwill, Denny’s and The UPS Store; and two retail pads totaling at approximately 10,000 square feet, ground-leased to a McDonald’s and a Bank of America branch.
Medical Education Center Breaks Ground at OU-Tulsa
Officials gathered on September 17 to break ground on the $6.4 million Tandy Education Center at the OU-Tulsa Schusterman Center.
Teespring Picks Hebron for $22M Production Facility
Almost 300 new jobs are coming to northern Kentucky. Governor Steve Beshear recently announced that Teespring Inc., a San Francisco-based custom T-shirt manufacturer, plans to invest $22 million and open a new facility in Hebron.
Rockpoint Group Closes Fund with Nearly $1B in Commitments
Rockpoint Group has closed its Core Plus Fund I, which was not formally marketed, with $950 million of equity commitments.
NorthStar to Buy 7,000-Room Hotel Portfolio from Inland American for $1.1B
NorthStar is buying a 7,000-room portfolio of upscale extended stay and select service hotels from Inland American Real Estate Trust.