News
Harwood to Break Ground on Class AA Uptown Tower
Global real estate developer and investor Harwood International plans to break ground on Frost Tower, a 22-story build-to-suit office project in Uptown Dallas. The naming tenant, Frost Bank, is Texas’ premier banking, investments and insurance company with more than $21 billion in assets.
Washington Post HQ to Be Sold for $159M to Carr Properties
The Washington Post, the most widely circulated newspaper published in the District, changed its owner this year and it seems it’s getting ready to also change its location. Graham Holdings, the daily newspaper’s former owner, has recently announced it will sell the headquarters building in downtown Washington, D.C. to Carr Properties, a local real estate investment company.
Colliers International Brokers $1.4 Million Industrial Sale
RL MIT LLC has purchased 2175 Premier Row in Orlando, a freestanding industrial building that more investors have set eyes on. The sale, led by Colliers International agents, was worth $1,393,600.
Connecture Signs 28.3 KSF Class-A Office Lease at 55 Allen Plaza
A full story will fill in at 55 Allen Plaza as Connecture Inc. signs an 11-year lease of 28,299 square feet of office space in the building that has reached an occupancy rate of 93 percent. Lincoln Property Company Southeast’s Tony Bartlett and Andy Sumlin of Cushman & Wakefield represented the landlord and Carla Williams and Jeff Samaras of Cushman & Wakefield spoke for the tenant in the transaction.
Miami Worldcenter Adds Macy’s and Bloomingdale’s Stores to New Mall
Miami Worldcenter Associates, The Forbes Company and Taubman Centers Inc. have recently announced an agreement for a Macy’s and a Bloomingdale’s store to anchor the new Mall at Miami Worldcenter.
Arc Capital Partners Acquires The Establishment Apartment Community in Austin
On November 22, 2013, the Los Angeles-based boutique commercial real estate platform Arc Capital Partners, formed by industry veterans Quincy Allen and Neville Rhone, entered into a joint venture with Cardinal Group Investments (CGI) to acquire an apartment community located in the South Congress submarket of Austin.
Cushman & Wakefield | Talhimer Lands 325KSF Leasing Assignment
Maersk Inc. has awarded the leasing assignment of its 325,000-square-foot regional office to Cushman & Wakefield Talhimer, announced the Mid-Atlantic’s leading commercial real estate firm.
MSP, Partners Cinch $7M in Federal Tax Credits for Waukesha M-F Project
Meadow Ridge Apartments, a mixed-income apartment complex is currently under construction in Waukesha. According to BizTimes, U.S. Bank, MSP Real Estate, Inc. and nonprofit Movin’ Out have obtained $7.2 million in federal Low-Income Housing Tax Credit equity to finance the $10.9 million project. The grant was awarded by the Wisconsin Housing and Economic Development Authority (WHEDA) in April.
Liberty Property Trust Breaks Ground on 1 MSF Tempe Business Park
Liberty Property Trust broke ground on Building One, the first of up to 11 planned buildings at Liberty Center at Rio Salado, a sustainable mixed-use business park under development in Tempe.
Seventh Hyatt-Branded Hotel in Manhattan to Open on New Year’s Eve
With the holiday season right around the corner, the Big Apple is as ready as ever for the winter wave of tourists, seasonal shoppers and business travelers alike. Hyatt Hotels Corporation announced the grand opening on New Year’s Eve 2013 of its seventh flagship hotel in the heart of New York City, just steps away from Times Square, Broadway theaters, Fifth Avenue shops, the Rockefeller Center, the Museum of Modern Art and all that buzz that Manhattan has to offer.