News
Ground Broken on $10M Affordable Housing Project
By Adrian Maties, Associate Editor Cincinnati is growing, with investments being made, thousands of jobs being created, the unemployment rate going down and the population growing. And with confidence in the housing market still low, especially in the suburbs, apartment operators are very, very happy these days. Marcus & Millichap is predicting that apartment vacancy […]
Chadbourne & Parke Take 200,000 SF at 1301 Sixth
Chadbourne & Parke law firm signed a deal to occupy 200,000 square feet at 1301 Sixth Ave, a tower owned by the Paramount Group.
Mill Creek Residential Buys Two Top Apartment Communities
In a move toward establishing its strategic presence in Houston, Mill Creek Residential Trust acquired two apartment communities in two distinct urban infill locations.
Normandale Lake Office Park Sells for $268M
By Gabriel Circiog, Associate Editor The Normandale Lake Office Park, a five-building complex located in Bloomington, was acquired by an affiliate of Chicago-based Equity Group Investments. Situated on 23 acres of land at the southwest corner of I-494 and Highway 100 in the Southwest suburb of Bloomington, the 1.7 million-square-foot Class A office complex features […]
GE to Open Fort Worth Plants in Fourth Quarter
By Camelia Bulea, Associate Editor GE Transportation has invested $190 million to build two locomotive and mining equipment plants in Fort Worth, with plans to open them in the fourth quarter of this year. According to the Star-Telegram, the company announced in May that it would spend about $96 million to convert and expand an […]
HFF Closes $121.4M Carroll Square Leasehold Sale
By Adrian Maties, Associate Editor Holliday Fenoglio Fowler L.P. it has closed the leasehold sale of downtown Washington, D.C.’s Carroll Square. HFF represented the seller, Seaton Benkowski & Partners. The property was acquired by Munich-based GLL Real Estate Partners for $121.4 million. The German real estate investment advisor has also assumed an existing loan on the […]
Changes at the Top at Related Cos.
Related Cos. has promoted three of its executives up the ladder, including company founder Stephen Ross’s passing of his CEO torch to another veteran.
Belgian Firm to Land 715 KSF Aerospace Plant in Stillwater
By Gabriel Circiog, Associate Editor Oklahoma continues to attract aviation industry giants as Belgium-based Asco Industries is set to bring 600 jobs to Stillwater over the next three years, the Tulsa Business Journal reports. Asco will move into the 715,000-square-foot MerCruiser building, previously occupied by Mercury Marine. Located on a 79.5 acre-site at 3003 N. […]
Taubman TBCL’s JV to Manage 1.5 MSF Shopping Center in China
Two companies are teaming up to own a majority stake and manage an upcoming retail development in Xi’an.
Preferred Apartment Communities Gets Behind Coliseum Redevelopment; Lofts at Charleston Row Installs Green Roof
By Eliza Theiss, Associate Editor The redevelopment of the former Coliseum site in West Charlotte just got a jolt from Preferred Apartment Communities Inc. of Maryland—an owner and operator of multifamily properties across the U.S. According to a press release, the company just closed on a mezzanine loan investment to Oxford City Park Development LLC […]