News
Miami Entertainment Complex Prepares for Key Scene
Miami Entertainment Complex will be developed and operated by EUE/Screen Gems as on Nov. 20 the Miami Omni Community Redevelopment Agency’s board of directors voted unanimously to begin negotiations with the proposer. The Miami Omni CRA has been seeking proposals from qualified bidders to design, build, operate and manage a major film and television studio in Miami’s Media and Entertainment District since September.
American Housing Ventures Announces Legends at Onion Creek Development
American Housing Ventures is a young company created by Mark Wolf and partner Spencer Rinker who recently secured a 115-acre parcel east of one of Austin’s most popular communities, Onion Creek. Here they’re planning to build Legends at Onion Creek, a section of 287 single-family homes.
Schletter Celebrates140KSF Facility Grand Opening; DataChambers Breaks Ground on 50KSF Data Center
Schletter Inc., a global manufacturer of photovoltaic mounting systems has celebrated the grand opening of its new North American headquarters and manufacturing site in Shelby, NC.
Milhaus Plans Second Phase of Artistry Apartment Development in Downtown Indianapolis
Milhaus Development is seeking city approval to begin construction on the second phase of its Artistry apartment project in downtown Indianapolis.
Economy Watch Weekly: Tapering Might Begin Soon, Negative Equity Dropping
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Nov. 22.
IMMOFINANZ Subsidiary Buys M-F Portfolio in Berlin for $81M
BUWOG, a wholly-owned subsidiary of IMMOFINANZ Group, has bought a 1,185-unit residential portfolio in the greater Berlin area, stemming from an insolvency estate, for $81 million.
Ramco-Gershenson Properties Acquires Maplewood Shopping Center for $24M
Ramco-Gershenson Properties Trust recently announced the acquisition of the Deer Creek Shopping Center in Maplewood, Missouri, a densely-populated suburb of St. Louis.
WRIT Pockets $307M on First Phase of MOB Portfolio Sale
In two separate transactions with Harrison Street Real Estate Capital, Washington Real Estate Investment Trust closed the sale of office buildings totaling 877,000 square feet, two office assets featuring significant medical office tenancy and a parcel of land for $307.2 million.
Lodging Capital Partners and Lubert-Adler Team Up On Embassy Suites Memphis Acquisition
Real estate investment banking firm RobertDouglas announced it has advised Chicago-based Lodging Capital Partners LLC and Philadelphia-based Lubert-Adler Management Co. on the $22.6 million acquisition financing of the 220-key Embassy Suites Memphis.
Prudential Parks $324M with Dutch Garage Operator
Prudential Mortgage Capital Co. has provided $324 million of financing to Q-Park, Europe’s second-largest parking company, secured against a portfolio of 13 parking structures, totaling about 8,900 spaces, in the Netherlands.
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