News
Normandale Lake Office Park Fetches $268M in JV
Normandale Lake Office Park was acquired for $13 million more than the estimate industry experts had expected the joint venture deal to command in the sale.
Vulcan Expects Amazon Global HQ in Seattle to Sell Quickly
Vulcan Real Estate is selling Amazon’s South Lake Union headquarters, with plans to use the proceeds of the sale for ongoing development of its large land holdings in SLU.
Regency Centers Engages in Crowdsourcing to Lease Shopping Center in Baltimore
Regency Center is trying out a new trend called “crowdsourcing,” asking the public to recommend what stores and restaurants they’d like to see go into nearby shopping centers.
Economy Watch: Hints of QE3; Mortgage Delinquency, Restaurant Spending Drop
The Fed chairman hinted at a possible economic stimulus coming, but no specifics have yet been given. Mortgage delinquencies are slightly down for the month. Restaurant spending by Americans has decreased.
New $45M Teaching Center Gets Green Light
By Camelia Bulea, Associate Editor The University of Texas System Board of Regents authorized the building of a $45 million academic learning and teaching center at the UT Health Science Center San Antonio. In an official statement, Kenneth Kalkwarf, D.D.S., M.S., president ad interim of the Health Science Center, said the necessary funding would come […]
Hilton Garden Inn Sells for $12.4M at Auction; K. Hovnanian Buys Meadow Lakes
By Adrian Maties, Associate Editor The Hilton Garden Inn Cleveland Downtown will soon have a new owner. JPMCC 2006-LDP7 Carnegie Avenue L.L.C., a representative for the current mortgage holder, submitted the winning bid at a sheriff’s auction on the morning of Aug. 27, The Cleveland Plain Dealer reported. Standing 11 stories tall, the hotel opened […]
Neyer Properties Adds Sharonville Office Buildings to Portfolio
By Adrian Maties, Associate Editor Neyer Properties recently acquired One and Two Crowne Point in Sharonville, as part of its plan to increase its real estate holdings. The Evanston-based real estate development company has been working on closing the deal for some time now. According to the Hamilton County auditor’s Web site, the former Miller-Valentine […]
MAA Completes Acquisition of Upscale 394-Unit Multifamily Community
Apartment-only real estate investment trust MAA has recently expanded its Central Florida portfolio with the addition of the 394-unit multifamily apartment community Retreat at Lake Nona.
HFF Brokers $59 Million Ground Lease of 177 Huntington Avenue
An affiliate of Beacon Capital Partners, LLC has signed a 99-year ground lease for 177 Huntington Avenue, an iconic 26-story office tower located in Boston’s Back Bay neighborhood. Holliday Fenoglio Fowler, LP (HFF), a leader in commercial real estate and capital market services, exclusively represented the owner—The First Church of Christ, Scientist—and the trustees of Church Realty Trust in this $59 million transaction.
Integra, L2C and Brandmovers, All Move to New Digs
Within the past week, Atlanta’s commercial real estate market was marked by three relocations, as both Integra Realty Resources and L2C, Inc signed new leases, while Brandmovers has finished its new Northside Drive headquarters.