News
MVP Wraps $55M Office Acquisition as Market Shows Signs of Reversing Decline
A few weeks ago it was revealed that an office deal is going on where MVP Real Estate Investment Trust Inc kept closing deals for buildings part of a local office park. Now the company has completed yet another deal, this time for the final asset in the campus at 8945 W. Post Road. MVP acquired the property for a fee of $6.1 million, a press statement issued by the company indicates.
Davis Property to Start Construction on 243-Unit Apartment Project in Raleigh
Construction is about to begin on the 243-unit Jones Grant Apartments complex in Raleigh.
Carroll Purchases Three-Property Portfolio from Camden
Formerly owned by Camden Property Trust, the portfolio consists of Camden Bay Pointe and Camden Citrus Park in Tampa and Camden Habersham in Charlotte.
Casino Del Sol Resort Adds Sewailo Golf Club
Casino Del Sol Resort invites players of all skill levels to Sewailo Golf Club starting with Dec. 12. The 200-acre course was designed by PGA Tour player, Golf Channel commentator and renowned golf course architect Notah Begay III.
Sandia Resort & Casino Announces Contractors for Expansion Project
The Sandia Casino dates back to 2001, the seven-story hotel with the relaxing spa and 18-hole golf course were added in 2005. Located 10 miles north of Albuquerque, the Pueblo of Sandia recently announced the two contractors for the expansion of Sandia Resort & Casino that’s scheduled to begin by next year.
Invel to Buy Stake in NBG Pangaea in Greece for $888M
Invel Real Estate Partners is set to acquire a 66 percent stake in NBG Pangaea Real Estate Investment Co. from the National Bank of Greece, making it the largest real estate transaction in the country.
HFF Markets Indianapolis Multi-Housing Communities on Behalf of Milhaus
Milhaus Ventures has retained HFF to market for sale two of its newly constructed multi-family communities, the 384-unit Solana Apartments at the Crossing in Indianapolis and the 193-unit Penn Circle Apartments in Carmel.
Farmers Insurance Signs 10-Year Lease Extension for Olathe Office
Farmers Insurance recently announced, through The Kansas Department of Commerce, it has extended its lease for its national property claims division offices in Olathe.
Alliance JV Buys $160M Waterfront Property in Metro San Diego
A joint venture headed by Alliance Residential Co. has acquired the Coronado Bay Club, a 549-unit, garden-style waterfront apartment community in Coronado, Calif., for $160 million.
W. P. Carey Acquires Denver-Area Class A Office Building
W.P. Carey has jumped into the growing Denver area office market with the acquisition of a Class A property in the ParkRidge Corporate Center in Douglas County, Colo.