News
Cardiovascular Systems to Build New Corporate Headquarters
Cardiovascular Systems Inc. recently announced plans to build a new corporate headquarters in New Brighton, Minnesota.
WestRidge One Office Development Announces First Tenants
One of San Antonio’s oldest companies, Harland Clarke Holdings Corp. and its wholly owned subsidiary Harland Clarke, has chosen a new global headquarters. The selected property is part of the master office park located at 15955 La Cantera Parkway, owned by USAA Real Estate Company (“RealCo”) and developed in partnership with Patrinely Group.
River Spirit Casino Gets Makeover As Part of $335M Margaritaville Renovation
Prudential Detrick Realty recently reported that the River Spirit Casino is undergoing a full renovation which is estimated to cost between $15 and $20 million. The revamping plan will update the aesthetic of the building but will also add new amenities.
National Air Force Museum Starts $35M Expansion at Wright-Patterson AFB
The museum’s entire collection occupies more than 17 acres of indoor exhibit space. But this huge area seems to not be enough. At the start of June, the museum broke ground on a fourth building to house aircraft from the Presidential, Research and Development (R&D) and Global Reach collection, as well as a new and expanded Space Gallery.
JV Buys Large Industrial Building and Development Site in Baltimore County
AEW Capital Management, a Boston-based privately owned real estate investment manager, has recently formed a joint venture with Redgate Capital Partners, a private equity real estate investment firm also headquartered in Bean Town, to acquire a large industrial building and a development site in Baltimore County. The price of the transaction was not disclosed. Cassidy Turley arranged the sale.
Sunstone Hotel Investors Plans to Acquire Maui’s 544-Key Wailea Beach Marriott Resort for $326M
In an off-market transaction, California real estate investment trust Sunstone Hotel Investors Inc. has agreed to purchase one of Maui’s largest and most popular leisure destinations – the 544-key Wailea Beach Marriott Resort & Spa.
55 KSF Former Nursing Home on Market in Trendy Bywater
If you were charmed by the assisted living center to high-end apartments redevelopment of St. Anna’s, here’s your chance to try and try your hand at a similar project.
Dallas Developer Makes First Foray into Pacific Northwest with West Seattle M-F Project
Dallas-based real estate firm Trinsic Residential Group has broken ground on its first residential project in the Pacific Northwest. The company is working on a development located in West Seattle, thus making its debut in the market. With Seattle’s apartment market going well and a large number of units currently in the works to fulfill growing demand, new investors have set their sights on the city in order to cash in on the trend.
Devonshire REIT Buys Beachwood’s Pavilion Shopping Center for $35M
Devonshire REIT, Inc. announced on Monday, June 16, the addition of a new grocery-anchored power center to its 44-property portfolio. The real estate investment trust paid $35 million to acquire the Pavilion Shopping Center, located in the Cleveland suburb of Beachwood. Huntington Bank provided financing for the transaction.
Regency Centers Plans Kings Park Shopping Center Expansion
The Washington, D.C., retail sector is enjoying a good 2014. The steady job creation and strengthening sales activity have encouraged local retailers to expand. And Regency Centers, a national owner and developer of grocery-anchored shopping centers, is doing just that. The company announced on Monday, June 16, one of its shopping centers in Northern Virginia will be getting an updated facelift, enhanced common areas and structural expansion.