News
Physicians Realty Closes Purchase and Leaseback of Four Medical Office Buildings
Physicians Realty L.P., an operating partnership of Physicians Realty Trust closed on the purchase and leaseback of four medical facilities located in Jackson, Conyers and McDonough.
A Dozen of Marina Palms Penthouse Residences Hit the Market
Douglas Elliman Real Estate launches the sales of 12 Sky Residence penthouse properties at Marina Palms Yacht Club and Residences.
HFF Represents JCI Residential in the Sale of Silverado Crossings Class A Multi-housing Community
The newly constructed Silverado Crossing has been purchased by the Meagher Family Trust; JCI Residential was the seller, represented by HFF (Holliday Fenoglio Fowler, L.P.). Terms of the transaction were undisclosed, but the acquisition of the complex ran its course free and clear of debt, projecting full stabilization.
C&W Taps Former NYPD Head Kelly as Prez of Risk Management Services
Cushman & Wakefield has chosen former New York City Police Commissioner Raymond Kelly to head up a newly created global Risk Management Services division to advise clients on risk-mitigation solutions.
Google Capital Puts $50M into Auction.com
One of the world’s largest online real estate marketplaces, Auction.com, has received a $50 million investment, courtesy of Google Capital.
Jefferson Apartment Group Breaks Ground on 282-Unit Project in West Palm Beach
Jefferson Apartment Group has kicked off development of its first multi-family project of 2014, with the groundbreaking on Jefferson West Palm Beach, a 282-unit luxury apartment community in West Palm Beach.
Economy Watch: ADP: Job Growth at Mediocre 139K; Beige Book Talks of Winter’s Impact
Automated Data Processing said that the U.S. private sector created 139,000 jobs in February, the third weak total in three months. According to the Beige Book, most of the 12 Federal Reserve districts reported “modest to moderate” expansion.
RadioShack Closing 1,100 Stores – Repositioning Strategy
RadioShack continues to reinvent itself, but it will do it with fewer stores in the United States.
Executive Spotlight: Dan Mullen, Bedrock Real Estate Services
Under the guidance of Dan Mullen, Bedrock Real Estate Services, Quicken Loans’ privately held commercial real estate organization, has built up quite a portfolio.
New West Cypress Hills Elementary School Will Open This Year Courtesy of MileStone Community Builders
Only 30 minutes from Austin’s downtown lie some of the most stunning views of beautiful hill country land, hundreds of acres accessible to greenbelts, trails, and parks surrounding the West Cypress Hills Lake Travis Community. The builder, MileStone Community Builders, LLC, recently announced that the new West Cypress Hills Elementary School will open in 2014.