News
Economy Watch: Euro-Zone Debt Crisis Still Bubbling
Euro-zone debt does not take a vacation. Even in the summer, debt-inclined countries continue feeling the pinch of borrowing costs and joblessness.
American Assets Set to Snap Up City Center Bellevue in Deal Worth $229M
By Alex Girda, Associate Editor City Center Bellevue is the object of the latest large office property purchase in the greater Seattle area, after American Assets Trust Inc. made a grab for the high-rise building. The full-service, vertically integrated and self-administered real estate investment trust is reportedly set to acquire the downtown property for a […]
Raven Purchases Foreclosed Northwest Plaza Mall, Plans $106M Redevelopment
The Northwest Plaza shopping mall in St. Ann is set to get a new lease on life as an entity formed by Raven Development closed on the purchase of the nearly vacant property,
Gulf Coast Housing Partnership Apply for Townhome Permit; Construction Completed at $98M ULL Student Center
By Eliza Theiss, Associate Editor Mid City Townhouses, the Gulf Coast Housing Partnership’s newest Baton Rouge project, is moving forward. According to a report by The Advocate, developers have filed a building permit for the $4 million residential complex. The development will consist of four 32-story townhomes built at the corner of North St. and […]
Cleveland’s Old Saint Luke’s Hospital Becomes Apartment Complex
By Adrian Maties, Associate Editor Cleveland’s Saint Luke’s Hospital closed in 1999 and sat empty in the heart of the Buckeye-Shaker neighborhood until last year. But after private developer Pennrose Properties and other organizations got together and restored the hospital, it became Saint Luke’s Manor, a huge apartment complex that houses independent-living senior citizens. Saint […]
Construction Projects to Create 170 New Jobs
By Adrian Maties, Associate Editor At the beginning of the year, Rough Brothers Inc., a greenhouse design and manufacturing firm, started looking for new space to relocate its headquarters from Vine Street, in St. Bernard, and expand its operations. The search is now over. The company recently agreed to purchase 20.5 acres of vacant land […]
Cervalis to Lease BTS Data Center in Connecticut
Cervalis LLC will lease a new-construction data center and disaster recovery center in Norwalk, Conn. The project is the largest lease in the county so far this year.
Jewish Orthopedic Clinic Signs 11,000 SF Lease in Downtown Orlando
Jewish Orthopedic Clinic will soon be moving to downtown Orlando, as it has recently signed a long-term lease for 11,000 square foot at The Lake Lurna Professional Center.
Parmenter Closes Office Fund with $1B in Buying Power
Parmenter Realty Partners has closed its fourth investment fund with more than $300 million capitalization, which will allow the company a $1 billion office property spree.
Kilroy Acquires Yet Another Value-Add Office Property
By Alex Girda, Associate Editor Kilroy Realty Corporation recently expanded its Los Angeles office portfolio with the acquisition of a 22-story office building centrally located in Hollywood. The property stands at 6255 Sunset Boulevard, just off the well-known corner of … Continue reading →