News
Marathon Oil Tower Changes Hands; First Building Complete in Noble Energy Campus
Greenwich, Connecticut-based Hanover Real Estate Partners completed the sale of Marathon Oil Tower, one of Houston’ most iconic office buildings, to CBRE Strategic Partners
Eden Prairie Center Acquired by Cypress Equities
Dallas-based Cypress Equities recently announced the acquisition of the 1.1-million-square-foot Eden Prairie Center. The transaction was acquired by a fund managed by Cypress’ real estate investment management group which has acquired over $300 million of retail properties in 2013.
TCC, Prudential Break Ground in South Dallas; McKinney to Get $38M Sheraton Hotel
Trammell Crow Company and joint venture partner Prudential Real Estate Investors have broken ground on a 823,379-square-foot speculative industrial project in Southern Dallas County.
Alexandria’s Virginia Village Sold for $68M
Another apartment community in the Washington Metro area, one of the best apartment markets in the nation, has changed hands in a multi-million dollar deal. Fieldstone Properties has paid $68 million for Virginia Village, in Alexandria, Virginia.
Diversified International, Alliance Residential Buy Tempe M-F Asset for $15M
In a $15 million deal, San Diego, California-based Stratford Partners and Pathfinder Partners sold Dorsey Place, an 84-unit, condominium-style apartment building in Tempe, to a joint venture between Diversified International Partners and Alliance Residential of Phoenix.
Monmouth Buys Dr Pepper Snapple Distribution Facility
Monmouth Real Estate Investment Corporation recently announced that it has acquired a 46,260-square-foot industrial building in Tulsa, Oklahoma for a purchase price of $3.7 million.
Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Caesars Entertainment’s $185 million makeover of Bill’s Gamblin’ Hall & Saloon is going forward without one of its original partners. In response to concerns raised by Massachusetts regulators about an investor’s alleged links to Russian crime syndicates, Gansevoort Hotel Group is stepping away from its […]
Zeller Realty Plans Sale of Large Office Complex in Carmel
Chicago-based Zeller Realty Group is planning to divest the iconic Meridian Mark Plaza office complex along the North Meridian Street corridor in Carmel. The Indianapolis Business Journal reports that the company has hired the local office of CBRE to advise it on the sale.
Monsanto Breaks Ground on $400M Chesterfield Village Research Center Expansion
Monsanto Company recently held an event to mark the beginning of the Chesterfield Village Research Center expansion. The company’s global hub for research and development and agricultural innovation is currently undergoing a $400 million expansion which was first announced in April 2013. The expansion project will create 675 new jobs in St. Louis over the next three years.
Ivanhoé Cambridge Buys 105 Additional Residential Units in London
Ivanhoé Cambridge has added Imperial House and Kew Bridge Court, totaling 105 residential units, to its London portfolio totaling $70M.