News
MB Real Estate Completes 260 KSF in Leases at Michigan Plaza
MB Real Estate has completed 26 lease transactions this year at a two-building complex in Chicago totaling 69 stories.
Economy Watch: Residential Starts, Existing Home Sales Surge
U.S. housing starts were up in the month of August, as were existing home sales, which shows signs of the housing market picking up.
Compass Buys $2.1M Site in Durham to Develop Data Center
by Adriana Pop, Associate Editor Compass Datacenters of Texas has completed the acquisition of a 16.5-acre site in Research Triangle Park, where it plans to build one of its first data center complexes in the U.S. According to the Triangle Business Journal, a subsidiary of the Dallas-based company has purchased the land from two seller […]
Crescent Resources to Develop $68M Tampa Apartment Community
Crescent Resources LLC has recently disclosed plans for a new $68 million Tampa apartment community called Circle Bayshore.
Carondelet Invests $17M to Relocate Heart Institute to St. Mary’s Hospital
Carondelet Health Network plans to relocate its Heart & Vascular Institute to the Carondelet St. Mary’s Hospital campus. In a statement, the company said the first phase of the relocation will be complete by early November. Carondelet will invest about $17 million in the construction of the new facility, which is expected to completed by May 2013.
Prestige Refinances 517 KSF Bronx Retail Center for $210M
Prestige Properties refinanced its Bay Plaza Community Center inside a Bronx, N.Y., shopping center as part of a strategic decision.
50 Beale Street Trades Hands as Rockefeller JV Acquires Office Tower
By Alex Girda, Associate Editor The Rockefeller Group recently announced the acquisition of a class A office property in San Francisco’s South Financial District. A joint venture that the company created with Mitsubishi Estate New York has closed a deal securing the 50 Beale Street tower as the third acquisition the partnership has completed since […]
Life Time Fitness Purchases a 232 KSF Office/Distribution Building in NY
Life Time Fitness bought an office/distribution building in Harrison, which it plans to raze, and build a state-of-the-art fitness center on the 24-acre site.
330 N. Wabash Gets New Tenant; Suburban Baker Hill Center Acquired by REIT
By Gabriel Circiog, Associate Editor The landmark 330 N. Wabash is welcoming a new tenant, as Creative Circle LLC has signed a lease for 7,128 square feet on the 14th floor of Prime Group Realty Trust’s office building. The staffing firm has agreed to a five and a half-year lease beginning on March 1, 2013. […]
Wheelock Street Capital Buys 15 Hotels for $221M
Wheelock Street Capital purchased 15 hotels in nine states in two separate transactions for $221 million.