News
Seattle Property Sales Promise New Prices Records
By Alex Girda, Associate Editor The sale of Seattle’s Russell Investments Center earlier this year scored a $480 million jackpot, but the city is already expecting that record to be blown out of the water. One of the city’s most iconic skyscrapers is now on the market and ready to charge a premium around the […]
Apartments Coming to Cleveland
By Adrian Maties, Associate Editor The time is ripe for apartment construction, and developers are heeding the call. With most private sectors adding jobs in the Cleveland area, payrolls are expected to grow this year at the fastest pace in more than a decade. In the coming months, improvements in the local economy will support […]
Eagle Hospitality Looks to Sell Hotel Portfolio, Including 3 in Cincinnati
By Adrian Maties, Associate Editor Eagle Hospitality Properties Trust is putting three Greater Cincinnati hotels up for sale. The hotels are part of a larger portfolio of 13 properties for which the company recently reached an agreement with its secured lender, the Blackstone Group, allowing it to sell them off and repay its debt at […]
Trophy Atlanta Office Property Trades for $147M
Two Alliance Center, a premier office property in the trendy Buckhead submarket, has come under new ownership for a price tag of $147 million.
Plans Move Forward for Western Europe’s Tallest Residential Tower
British government granted planning consent for the redevelopment of a project in Vauxhall, central London, which will include Western Europe’s tallest residential tower.
Office in Boston’s Channel Center Gets $170M Construction Loan
Holliday Fenoglio Fowler secured a $170 million construction loan for Boston’s Channel Center mixed-use project involving a Class A office building.
Economy Watch: Unemployment Stagnant; Manufacturing Exports to Rise; Senate Approves Spending Bill
Regional and state unemployment showed little change in the month of August.
Manufactured exports are set to surge, according to a new report.
Congress approved a spending bill to finance the federal government for a half a year, before it went into recess until after the election.
Plans Move Forward for DeBartolo Development’s $350M West Oahu Shopping Center
By Adriana Pop, Associate Editor The Hawaii Land Use Commission has approved a use change for a proposed 1.4 million-square-foot regional shopping mall in East Kapolei. The Pacific Business News reports that under a previous state plan the site had been slated for the development of a regional sports complex. Florida-based DeBartolo Development L.L.C. plans […]
Two Briar Lake Plaza to Be Anchored by Samsung Engineering
After landing Samsung Engineering as anchor tenant, Behringer Harvard REIT I is now ready to develop the final phase of Houston’s BriarLake Plaza: a 332,000-square-foot, Class A office building.
Balboa Mesa Shopping Center Trades Hands in $59M Deal
Regency Centers Corp. completed a deal to own San Diego’s Balboa Mesa Shopping Center. The real estate company paid a premium of $59.5 million to Balboa Realty L.L.C. Regency is currently on track to acquire a number of retail properties boasting high occupancy rates and representing good value for money. The 189,321 square feet of space the shopping complex offers are leased by a number of high-quality tenants.