News
Williams-Sonoma’s West Elm to Open New 11,000 SF Retail Store in Tulsa
A few weeks after opening its first West Elm retail store in Oklahoma City, Williams-Sonoma, Inc. is expanding its presence in The Sooner State.
Realty Executives Phoenix Sells to Kinetic Cos.
Realty Executives Phoenix recently announced that it has been acquired by Kinetic Companies, a Phoenix- based real estate investment firm. Operations will continue under the Realty Executives name so as to continue the company’s 49-years old tradition.
D.R. Horton Division Submits Rezoning Request for Hoopili Master-Planned Community; Avalon Launches Sale of 17 Industrial Parcels
D.R. Horton — Schuler Homes LLC has formally filed a rezoning petition with the City and County of Honolulu’s Department of Planning and Permitting for its 11,750-home Hoopili master-planned community in West Oahu.
$14M Walmart Supercenter Opens in New Orleans
A new Walmart recently opened at 4301 Chef Menteur Highway, making the Gentilly Walmart the second store the big box retailer has opened this year in the Crescent City.
Bluetooth’s Home in Kirkland Acquired in $30M Deal
The building that houses Bluetooth’s current headquarters was sold this week in a deal worth approximately $31.5 million. Buyer American Realty Advisors out of Glendale, CA, paid the purchase fee to former owner Talon Private Capital for the Kirkland office building. Known as Waterfront Place, the property claimed a record-breaking per-square-foot price for the area, with the Puget Sound Business Journal reporting a rate of $604 per square foot.
Executive Spotlight: Alex Cohen, Liberty SBF
Alex Cohen, co-founder & CEO of Philadelphia-based Liberty SBF, applies his good judgment to small-balance loans for commercial assets, including a focus on the limited/select-service hospitality market.
Trader Joe’s Buys 76-acre Brownfield Site for Distribution Center
Approximately 76 acres of land located on the east side of Interstate 95 changed hands recently, Consolidated-Tomoka Land Co. announced.
Radco Purchases Two Metro Atlanta Communities for $33.2M from Fannie Mae
RADCO’s founder and CEO, Norman J. Radow has recently announced the $33.2 million acquisition of two metro Atlanta residential properties from Fannie Mae, totaling 553 units. The 439-unit Keeneland Farms and 114-unit Brown Ridge will soon undergo maintenance and rebranding.
Three Major So-Fla Developers Join Forces to Acquire Hollywood Waterfront Site
The Related Group, 13th Floor Investments and Key International teamed up to acquire a waterfront site in Hollywood, Florida. The joint venture plans to build a mixed-use condominium-hotel on the property.
Westminster Village to Build ‘Hybrid Homes’ Combining Apartment, Single-Family Home Living for Seniors
Westminster Village has celebrated the groundbreaking of a new 54-unit senior care community at 1741 N. Salisbury in West Lafayette, on a site previously occupied by IU Health Arnett.