News
Comprehensive Logistics Signs Lease for 517K SF Industrial Space
B.H. Properties LLC announced it has concluded the negotiations to lease a 517,000-square-foot industrial building in Kansas City to Comprehensive Logistics Inc.
Innovative $36 Million Renewal Project Breaks Ground
By Gabriel Circiog, Associate Editor Launching an innovative urban revitalization initiative, a coalition of public and private stakeholders has broken ground on Kendall-Whittier West Park project, a $36 million mixed-income residential development in Tulsa. Joining forces for the event were representatives of the George Kaiser Family Foundation, the University of Tulsa, the city of Tulsa and developer McCormack […]
Intel Corp. Adds $300M R&D Facility at Chandler Campus
By Camelia Bulea, Associate Editor Intel Corp. is investing $300 million in a new research-and-development facility at its campus in south Chandler, thus further expanding its footprint in the city where it has had a presence since 1979. The facility is currently under construction at the technology giant’s Ocotillo campus. AZCentral.com reports that the project will give a significant […]
Royal Senior Care Trades 12 Seniors Housing Assets for $230M
Royal Senior Care has sold the bulk of its seniors housing portfolio for $230 million to an Israel-based company.
550-Unit Suburban Boston Apartment Complex Sold for $188M
The luxury apartment complex of Oak Grove Village in Boston is under new ownership. Although the new owner has not been disclosed, the amount of the sale is said to be $188 million.
Developers Announce New Pompano Beach Distribution Center
By Georgiana Mihaila, Associate Editor Pompano Beach will soon house a new distribution center, as Weeks Robinson Properties and Jeremy Shapiro of Miami-based Mainstream Investment Realty have unveiled their Class A speculative industrial project at 3901 NE 12th Ave. To be set in the heart of Broward County’s Pompano Beach industrial submarket, the Pompano Beach […]
Sonesta ES Suites Charlotte Opens; $27M Facility for Green Energy Player
By Eliza Theiss, Associate Editor The city of Charlotte recently added a new hotel to its ever-growing hospitality industry. Located at 7925 Forest Pine Dr. in the southern part of the city, Sonesta ES Suites Charlotte is a chapter of Sonesta International Hotels Corporation—a global collection of upscale and extended-stay hotels, resorts and cruise ships. […]
Jabal Omar Development to Open 10 Hotel Towers in Mecca
Jabal Omar Development is planning to open 10 hotel towers in Mecca, to accommodate the growing number of annual Islamic pilgrimages to the area.
Newcastle Bullish on Seniors Housing
Newcastle Investment bought eight seniors housing properties in five western states. The increasingly growing need for seniors housing influenced the company’s acquisition.
Downtown Office Move Opens Door to Wauwatosa M-F Project
Bartolotta Restaurant Group plans to move its headquarters from Wauwatosa to a 17,400-square-foot Downtown Milwaukee building by the end of August. Bartolotta purchased 520 W. McKinley Avenue to accommodate the company’s growth. VJS Construction Services of Pewaukee and Chamberlin Group of Brookfield are leading a renovation, which will provide Bartolotta with office and warehouse space. According to documents filed with the Milwaukee Economic Development Corp., Bartolotta estimates the total cost of the project to be around $1.05 million, including $850,000 for the acquisition of the building.