News
Wood Partners, PREI Close on M-F Project Site; NewQuest Epic’s Big Buy Includes Phoenix Asset
An entity formed by Wood Partners and Prudential Real Estate Investors, PR III/Wood Chandler Apartments LLC, recently completed the purchase of a property slated for a 301-unit apartment community redevelopment in downtown Chandler.
HFF Arranges $9.85M Financing for Apartment Conversion Project in Downtown Indianapolis; Officials Celebrate $10M Renovation of Historic IU Medical Building
Pennsylvania-based HFF has secured $9.85 million in financing for 333 Penn, a 78-unit, adaptive re-use apartment building at in downtown Indianapolis.
Dan Walker Proceeds with Plans in 7.6-Acre Business Park in Memphis; Tennessee Plans $70M Veterans’ Nursing Home for Shelby County
Memphis-based Dan Walker Associates Inc. is moving ahead with plans for the development of a new large office building park, according to the Memphis Business Journal.
Trinity Partners Leases 176KSF at Shopton Ridge; Trinity Capital Buys Two Office Buildings in Toringdon
Southwest Charlotte’s Shopton Ridge Industrial Park has been experiencing an upsurge in occupancy over the past 18 months, going from 53 percent vacant to 93 percent occupied.
U.S. to Remain Key Focus of Tel Aviv-based Clal Insurance’s CRE Expansion
Tel Aviv-headquartered Clal Insurance Group, Israel’s leading insurance, pension and financial services concern, has been busy building up its real estate portfolio in Israel and beyond, and the company has no intention of slowing down anytime soon.
Inland American Real Estate Trust Pays $33.8M for Bryant Square in Edmond
Inland American Real Estate Trust, Inc. recently announced the purchase of the 275,466-square-foot Bryant Square Shopping Center in the suburban town of Edmond, Oklahoma.
Podcast: Real Estate Law Practices Expand
Jack Kern and Mike Ratliff sit down to chat about trends in real estate law. Our 2014 survey of real estate law practices found that firms are expanding, perhaps in response to the increasing complexity of the commercial real estate sector.
Orlando Sentinel Property Downtown Undergoes Redevelopment
The owners of two blocks in downtown Orlando plan a major redevelopment. The land in question is currently leased to the Orlando Sentinel under a long term agreement, housing its offices and production facility.
Phillips-Edison Fund IV Portfolio Fetches $150M
Six months after tapping CBRE Group Inc. to market the nearly 1.4 million-square-foot Phillips-Edison Fund IV Portfolio, Phillips Edison Shopping Center Fund IV REIT L.L.C. has sold the group of nine retail properties.
Construction Commences on Belmont Mixed-Use Development
The developer, Halpern Enterprises broke ground Thursday on Belmont, a multi-use project going up at the intersection of Windy Hill Road and Atlanta Road in the heart of Smyrna.