News
Meridian Acquires Half-Occupied Medical Office Property in Rohnert Park, CA
Northern California’s medical office market continues its appeal as full service real estate developer and owner in the medical office segment, Meridian Property Company, recently announced that it had closed escrow on a property in Rohnert Park, CA. The property offers great opportunity in terms of a new leasing agreement, as a large amount of space was recently vacated at the site. The new owner will look to bring in a new tenant, following a number of improvements that Meridian already has planned for the property. The asset was sold for an undisclosed amount by a partnership between Petaluma-based PB&J Acquisitions, and an institutional investor who acquired the property back in 2012.
The University of Chicago Lists Harper Court Complex for Sale with CBRE Group
The University of Chicago recently announced that it has listed the 12-story Harper Court complex for sale with commercial real estate firm CBRE Group.
Crow Holdings Capital Partners Acquires the Historic Brown Palace Hotel Portfolio
Crow Holdings Capital Partners recently announced that its Crow Holdings Fund VI has completed the purchase of Brown Palace. The transaction includes the Brown Palace Hotel & Spa, as well as the adjacent Comfort Inn Downtown Denver, with a total of 472 guest rooms, 22,100 square feet of meeting space and five food & beverage venues.
Expansion of Newnan’s Southeastern Regional Medical Center Underway
Cancer Treatment Centers of America at Southeastern Regional Medical Center in Newnan is about to get 121,000 square feet of new space and 30,000 square feet of remodeled space, a $48 million expansion just two years after completion. Batson-Cook developed the original project and accordingly, it has been entrusted with the current construction work too.
New Townhome Designs Available at Eagle Creek
Standard Pacific Homes has recently introduced The Townhomes at Eagle Creek community, inviting enquirers for a tour in two of the model homes. Located at Eagle Creek, just two miles south of SR 417on Narcoosee Road, the new designs offer homebuyers a country club lifestyle.
Marina Palms Yacht Club & Residences Releases Plans for South Tower
The north tower of the luxury condo project has been sold out recently and developers decided it was time to unveil its second tower.
Titan Bank Announces the Acquisition of Its Third Self Storage Property through Funding Loan
Titan Bank, NA announced the acquisition of a 342 unit Self Storage property in Austin through the funding of a $985,000 loan, marking its third Self Storage property. With this transaction they now own and manage approximately 1,000 self-storage units.
Canyon and NRP Partner Up for 298-Unit Apartment Project in South End
Canyon Capital Realty Advisors LLC (Canyon Realty), the real estate direct investing arm of Canyon Partners LLC, has teamed up with NRP Group LLC in the development of a 298-unit apartment project in Charlotte’s South End, providing $12 million in preferred equity for the project.
Officials Negotiate Incentives for Major Mixed-Use Project in Downtown Durham
Austin Lawrence Partners of Colorado is planning to redevelop the Jack Tar Motel on Corcoran Street in downtown Durham and build a 26-story mixed-use tower at the site of the former Woolworth store across the street.
Global Nanotechnology Company Brings 5,000-Sq.-Ft. HQ to Tucson Region
Duralar Technologies announced recently that it has established its U.S. headquarters at 7620 North Hartman Lane in a 5,000 square-foot leased building that is scheduled to open by May 2014.