News
Royston Group Lists Best Buy-Anchored Net Lease Property
The Royston Group has listed for sale a 45,687-square-foot single-tenant net lease retail box leased to electronics juggernaut Best Buy.
Sanbusco Market Center Sold at Auction to GE Capital Affiliate
Santa Fe’s Sanbusco Market Center was sold at auction to its lender. An affiliate of General Electric Capital Corp. bought it for $8.8 million, the value of the loan, thus ending 28 years of ownership by Joseph Schepps, according to the New Mexico Business Weekly.
Homewood Suites Introduces New Design Concept with Smaller Footprint
The 97-room hotel marks the debut of Homewood Suites’ new Generation 9 design prototype.
Marriott Vacations Kicks Off Third Phase of 223-Unit Timeshare in Las Vegas
Seven years after opening Marriott’s Grand Chateau in Las Vegas, Marriott Vacations Worldwide Corp. has commenced construction of the third tower at the complex of ownership villas.
Suburban Boston Office/R&D Property Commands $93.5M
Real Estate Capital Partners USA Capital Trust sold the trophy asset at 174 & 176 Middlesex Turnpike in Bedford, Mass., to Cole Real Estate Investments.
Economy Watch: Case-Shiller Sees Another Monthly Uptick; Savings Rate Up; Consumer Confidence in Present Situation Falls
The S&P/Case-Shiller monthly Home Price Indices for May showed month-over-month increases. Both were up 2.2 percent.
Title Source Moves 1,500 Employees to Downtown Detroit
By Veronica Grecu, Associate Editor Dan Gilbert’s family of companies continues to consolidate its presence in Detroit’s Central Business District as Title Source, a Rock Ventures-affiliated company, has started relocating 1,500 of its Michigan-based employees to the First National Building, a Class A office tower located at 660 Woodward Ave. Built in 1930 under famed […]
Micro Apartment Complex Attempts to Take Bay Area Residents by Surprise
By Alex Girda, Associate Editor It’s all about one-bite appetizers and shot-size cocktails these days, and now it looks like less is more in the living department as well. 300-square-foot apartments offer a frugal living space, but student housing developer Patrick Kennedy seems confident that those who crave city life above everything else will embrace […]
Harbert Buys Lockhill Selma Office Property in San Antonio
By Camelia Bulea, Associate Editor Harbert United States Real Estate Fund IV L.P. announced the acquisition of 4350 Lockhill Selma, a three-story, 116,545-square-foot Class A office building in San Antonio. Additionally, the company bought the adjacent land parcel, on which it plans to develop a second phase. Financial terms were not disclosed. Travis Pritchett, managing […]
SIGNET Development Breaks Ground on $130M NEOMED Expansion Project
By Adrian Maties, Associate Editor SIGNET Development, a full-service real estate development and construction management firm co-headquartered in Akron, Ohio, and Jacksonville, Fla., broke ground on July 24 on a new residential housing village in Rootstown for the Northeast Ohio Medical University (NEOMED). This is the first part of NEOMED’s three-phase master expansion plan. which […]