News
GE Selects Oklahoma City Site for $110M Oil & Gas Research Center
By Gabriel Circiog, Associate Editor General Electric has picked downtown Oklahoma City as the site of a $110 million oil and gas technology research center. As previously reported by Commercial Property Executive in April 2013, GE has been searching for a site to build a facility that will pursue innovation in oil and gas technology […]
IHG Opens Holiday Inn Express Hotel and Suites Near UCF
InterContinental Hotels Group recently announced that its new Holiday Inn Express Hotel and Suites Orlando East – UCF Area is open to the public.
Eco-Friendly Live+Work Neighborhood in the Pipeline for Fort Lauderdale
An innovative residential project is taking shape in Fort Lauderdale’s Oakland Park area. Located at the corner of Prospect and Powerline Roads, 43 Urban Village offers an environmentally friendly, Live+Work lifestyle for future residents.
Las Colinas Apartments Sold Through ARA
The apartment community located at 1500 Reagan Hill Dr. in northeast Austin has again switched owners. The last time the property was on the market was in 2012 when it was acquired by San Diego-based Quez Capital.
Noble Investment Group to Convert Q Hotel in Historic District to Marriott’s AC Hotel
Noble Investment Group recently announced the acquisition of the Q Hotel situated in the Historic Westport District of Kansas City, Missouri. The hotel is scheduled to undergo a thorough renovation and conversion in the scope of becoming one of the first AC Hotels by Marriott properties located in the United States.
Patriot Equities Sheds 1.5MSF Charlotte Industrial Complex for $50M
A joint venture formed by New York-based LRC Properties, LLC and New York Life have completed the purchase of a 1.5 million square-foot multi-tenant industrial complex in Charlotte for an acquisition price of $50,525,000, announced Cushman & Wakefield | Talhimer.
Hotel Equities Selected to Manage 96-Key Courtyard by Marriot in East Memphis
Atlanta-based Hotel Equities has announced being appointed manager of the 96-key, three-story Courtyard Memphis East/Bill Morris Parkway, located on East Kirby Parkway.
Another Office Tower Trades Hands in San Francisco as Local Market Soars
As the San Francisco office market becomes one of the healthiest local markets in the entire country, the rush is on for investors to capitalize on the impressive appeal of the San Francisco Bay Area before 2013 draws to a close. We’ve recently reported on the major deals completed in the city for high-profile office assets, and now KBS Real Estate Investment Trust III is adding to an already impressive tally of major real estate transactions completed just weeks before the end of Q4. The public non-traded REIT recently shelled out $121 million for an office building in the city’s South Financial District.
The Beach Company Opens 325-Unit Urban Infill Project
Charleston-headquartered The Beach Company has celebrated the opening of The Boulevard, a mixed-use apartment and retail development in Mount Pleasant, SC.
Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings
Liberty Property Trust recently announced it has renewed leases with five tenants, totaling 277,495 square feet of industrial space.