News
Orlando City SC Makes MLS Stadium Renderings Public
Exterior and interior visualizations for the new downtown Major League Soccer stadium have recently been unveiled. President and founder of Orlando City Soccer Club Phil Rawlins, Orange County Mayor Teresa Jacobs and Orlando Mayor Buddy Dyer presented the renderings to the public.
Wheeler Takes Ownership of Freeway Junction
Freeway Junction will change hands in the near future as Wheeler Real Estate Investment Trust Inc. announced that it has assumed the contract to acquire the shopping center for $10.5 million, or $66.63 per leasable square foot.
IKEA Completes South Florida’s Largest Solar Installation at Future Miami-Dade Location
IKEA recently announced the completion of South Florida’s largest solar array that will provide clean energy for its Miami-Dade store, which opens this summer in the city of Sweetwater, Fla. adjacent to the Dolphin Mall and west of Miami International Airport.
RADCO Pays $6M for 142-unit M-F Asset in Jenks
The RADCO Companies recently announced it has acquired Southern Slope, an apartment community in Tulsa, for $6 million in an off-market transaction from the lender.
Blackstone Adds DDR as JV Partner in Purchase of 76 Shopping Centers from ARCP
Blackstone Group has added a joint venture partner, DDR Corp., to its plan to buy 76 shopping centers from American Realty Capital Properties for nearly $2 billion, including assumed debt of $461 million.
Deloitte Signs 113 KSF Lease in Iconic LA Tower
Deloitte has signed a long-term lease with Brookfield Office Properties for rent of 113,000 square feet in the iconic Gas Co. Tower in downtown Los Angeles.
Economy Watch: Retail Sales Up in May; Oil Prices Hit New Highs; Unemployment Up
U.S. retail and food sales in May were up 0.3 percent compared with April. Foreign oil prices have gone up. Initial unemployment claims increased this week.
Rolling Hills Hospitality to Develop 120-Key Hotel at Sharonville Convention Center
At the end of May, the City of Sharonville has signed a deal with Fort Mitchell-based Rolling Hills Hospitality Group to construct a first class hotel at the Sharonville Convention Center, the region’s only Silver LEED Certified, sustainable event facility. The project will cost $14 million. It is part of the transformation of the city’s Northern Lights Entertainment District and is expected to provide a boost to the local economy by attracting more conventions and trade shows.
Virtus Grabs 2 Dallas-Based M-F Housing Communities
To serve the growing Hispanic community in the area, Virtus Real Estate Capital has bought a portfolio of two multi-family housing properties in Dallas.
NAREE Special Report: Will Demand Keep Up with Apartment Supply?
A panel of multi-family experts gathered on Wednesday at the National Association of Real Estate Editors (NAREE) Spring Conference to present on the current trends of the ever-evolving apartment industry.