News
Developers Plan Almost 400 New Apartments for Downtown Cleveland
Although apartment construction in Greater Cleveland has reached a five-year high, it doesn’t seem to want to stop here. Developers continue to announce more and more projects. The two most recent ones are expected to bring almost 400 new units to the city’s downtown area.
Montgomery County Signs Agreement with Washington Property to Develop Silver Spring Homeless Center
Washington Property Company(WPC) and Montgomery County plan to bring a new homeless center to Silver Spring. The Bethesda-based commercial real estate company has recently signed an agreement with the county and expects to break ground on the new facility in about a year.
Lone Star Funds Acquires Office Building for $53/SF; University of Memphis Launches $40M Campaign for New Music Center
Lone Star Funds, LP, a Dallas-based private equity firm, recently purchased the four-story Lakecrest III office building for $6.9 million, according to the Memphis Business Journal. Acquired from Management & Research LLC, the office building spans across 130,593 square feet, from which, 48,000 square feet aren’t leased.
Jones Lang LaSalle Income Property Trust Pays $25.5M for Charlotte Distribution Center
LaSalle Investment Management has announced that Jones Lang LaSalle Income Property Trust, Inc. has purchased the 346,500-square-foot Charlotte Distribution Center in Charlotte, NC for circa $25.5 million.
Bayer CropScience Announces $30M HQ Expansion at Research Triangle Park
Plant science company Bayer CropScience is planning to invest $29.6 million in the expansion of its North American and global Seeds headquarters in the Research Triangle Park.
LSU’s Tiger Stadium Is the Best College Football Stadium in U.S.
LSU’s Tiger Stadium is known throughout the nation as the most difficult place for a visiting team to play. It’s scary, it’s loud and, according to a poll recently conducted by Athlon Sports, it’s also the best college football stadium in the United States, with the best game-day atmosphere.
Colliers Brokers $5.68M Sale of Class B Apartments by Blue Valley
Blue Valley Apartments, Inc. of West Palm Beach, Fla has recently sold Villas at Roger Road to Equilibrium Villas, LLC, of Washington, D.C. The transaction brokered by Colliers HSK Multifamily was worth $5.68 million, coming out at $24,500 per unit. Senior Vice Presidents Bill Hahn, Jeffrey Sherman and Trevor Koskovich represented both parts, as announced by Colliers International in Greater Phoenix.
Virgin Galactic Chooses New Mexico Hotel to House its Future Space Travelers
According to a Marcus and Millichap report, the hotel sector in the Southwest region posted, at the beginning of 2014, its best showing in several years.
CBRE’s John Gilbert Transfers to JLL as Managing Director in Orlando
Jones Lang LaSalle Inc. has recently welcomed John Gilbert to its Orlando team. Gilbert was hired as managing director in early July and he will focus on growing the firm’s office agency leasing practice in the Central Florida market.
MetLife Brings 3 MSF Industrial Park to Metro Atlanta
A new large-scale Class A industrial distribution park called Lambert Farms Distribution Center is coming to Henry County.