News
Lightstone Group Acquires Aloft Tucson University Hotel from Starwood for $19M
Starwood has recently announced the $19 million sale of Aloft Tucson University to Lightstone Value Plus Real Estate Investment Trust II, Inc., a public, non-traded REIT sponsored by The Lightstone Group.
Geltmore’s $20M Mixed-Use Project in Downtown Albuquerque to Receive Tax Credit
Albuquerque-based family-owned real estate firm, Geltmore LLC, has scheduled to start construction by the end of the year on a mixed-use development at 205 Silver Avenue SW, between Second and Third Streets; the project consists of a grocery store of 12,000 square feet and 74 residential units.
UPMC to Occupy Former Heinz Space in Downtown Pittsburgh
The UPMC health system has announced it would relocate its 450 employees from Chatham Center to Heinz 57 Center at 339 Sixth Avenue in downtown Pittsburgh.
Highwoods Inks 91KSF Lease in Brentwood
Raleigh, NC-based Highwoods Properties has announced signing a 91,000-square-foot long-term lease at Highwoods Plaza II in Nashville with a current customer.
Walsh College to Start $15 Million Renovation and Expansion Project
A private college in suburban Detroit will embark on an 18-month renovation and expansion that will enhance campus-life experience. The Walsh College Board of Trustees recently approved the $15 million improvement project at the college’s existing campus building that was built in the 1970s.
HOW Properties Working on New Student Housing Complex in West Philly
A local real estate management company is building a new student housing facility on Woodland Avenue in the west section of Philadelphia.
$15 Million Home Depot Store Sale Arranged by Marcus & Millichap
A San Jose Home Depot Store recently traded hands in a deal worth $15.575 million. The transaction was arranged on behalf of the seller, an institutional investor, by real estate investment services firm Marcus & Millichap. The deal was handled by Mike James, an associate vice president Investments with the company’s Encino, Calif. office.
Cole Capital Buys Office Building for $15.5M; Local Investors Pick Up Shopping Center for $10.5M
Cole Capital has recently heated up the Baton Rouge commercial real estate market with two significant purchases.
HOK-Designed Clark and Grand Hotel Complex Achieves LEED-NC Silver Certification
HOK recently announced that The Clark and Grand Hotel Complex has achieved Leadership in Energy and Environmental (LEED) Design for New Construction (NC) Silver certification from the U.S. Green Building Council.
Northstar Commercial Partners Acquires Former Aurora Medical Pavilion
Northstar Commercial Partners recently announced the acquisition of a four-story building, formerly known as the Aurora Medical Pavilion.