News
Swift Real Estate Pays $8.5M for 811 SW Naito Parkway in HFF-Arranged Deal
A Portland, OR office property was recently traded in a deal brokered by Holiday Fenoglio Fowler. ATC Partners LLC, a full-service real estate firm from San Francisco worked with HFF to sell the property to Swift Real Estate Partners for a total fee of $8.55 million. The HFF team in charge of the transaction consisted of director Nicholas Kucha and senior managing director Michael Leggett.
Cleveland Indians to Renovate Progressive Field
The Cleveland Indians announced on Thursday, August 7, that Progressive Field is getting a makeover. Called “The Progressive Field Evolution,” the multimillion-dollar renovation project will start in the offseason. Most of it is expected to be complete by Opening Day 2015, with the remainder to be finished early in the season.
Politico to Move HQs to Monday Properties’1000 Wilson Blvd. in Rosslyn
Politico is moving its headquarters. Currently located at 1100 Wilson Boulevard, one of Rosslyn’s “Twin Towers” trophy office buildings, the American political news organization won’t go too far away. It will move right next door, at 1000 Wilson Boulevard, the other ”twin.”
SpiceFire Plans January Move to Saengerhalle in Over-the-Rhine
SpiceFire, a brand brand innovation consultancy firm, is looking to move its offices to a larger space. The company has selected the Over-the-Rhine area, where demand for office space continues to boom, as its new location.
Gazit-Globe’s ProMed Properties to Sell 6 Medical Office buildings for $205M
Globe Ltd. continues its portfolio repositioning program with a new deal to sell six medical office buildings owned through its subsidiary, ProMed Properties Inc.
Chinese Developer Wanda Group Continues Large-Scale Development Involvement with Winning Bid at 9900 Wilshire Site
Chinese developer Dalian Wanda Group recently announced that it will take charge of the coveted plot of land located at 9900 Wilshire Boulevard. The Beijing-based company beat out ten different competing entities from North America and Asia The company also announced plans for an investment amounting to approximately $1.2 billion for the site, with the company set to build a mixed-use development project.
Delancey Street Capital Buys Baltimore’s Sail Cloth Factory Apartments for $12.9M
Delancey Street Capital LLC continues its expansion in the Baltimore area. The Philadelphia-based company has recently made its fourth acquisition in the region.
MCR Development Completes Major Renovations at the Residence Inn Baltimore White Marsh
MCR Development LLC, one of the twenty largest hotel owner-operators in the United States, has recently announced it has completed the renovation of the Residence Inn Baltimore White Marsh. The New York-based company did not announce how much it has invested in the project.
COPT Sells Eight White Marsh Properties for $28.75M
Corporate Office Properties Trust announced last week it has completed the sale of eight commercial properties in the Greater Baltimore submarket of White Marsh. The properties were sold in three separate transactions for a total of $28.75 million. According to COPT, the transactions generated net proceeds of $28.0 million.
Aspen Cos. Buys 50-Unit HUD-Supported M-F Building in Newark, N.J.
The affordable housing community at 75 Lock St. in downtown Newark, N.J., just got a new owner and it’s about to get a makeover, too.