News
Launch Planned for $65M Miamisburg Business Park
By Adrian Maties, Associate Editor According to a recent report from Cassidy Turley, the office vacancy rate in the Dayton area dropped from 27.8% at the end of 2011 to 26.1% in the first half of 2012. While the improvement from quarter to quarter is relatively modest, the trend is good news for Mark Fornes […]
Developers Add 576 New Apartment Units to DFW Area
By Camelia Bulea, Associate Editor It appears that the Dallas – Fort Worth area is hungry for new apartments, as two new multifamily projects will add to the local housing stock: a 258-unit project in Downtown Dallas and a 318-unit apartment community in North Fort Worth. The Dallas residential project is a redevelopment of the […]
Federal Capital Partners Closes CRE Fund with $1.5B in Buying Power
Opportunities in the multi-family, office, retail and industrial sectors will be the focus of Fund II, which, when leveraged, will allow for a total of approximately $1.5 billion of investments.
Simon Redeems LP Interests from J. C. Penney for $248M
Simon Property Group redeemed two million units of limited partnership interest in its operating partnership subsidiary, Simon Property Group L.P., from J. C. Penney Co. Inc.
NGKF Bolsters Midwest, Las Vegas Offices
Adding to the firm’s expertise in specialties tied to manufacturing and gaming positions Newmark Grubb Knight Frank for shifts in the economy, explained company president James Kuhn.
Economy Watch: Spain Rattles Investors; California Foreclosures Fall
Spain and Italy banned the shorting of stocks on key exchanges; home foreclosures in the Golden State declined to the lowest level since 2007.
Former Worcester Voke School Turns Residential
A Boston-based development company announced details of a $30 million mixed-income residential complex that would replace a former school in Worcester that was shut down in 2006.
Work Advances at Vertex’s Future Fan Pier Headquarters
Work on the Eleven Fan Pier Boulevard, one of the 18-story towers at the Fan Pier development site, reached a milestone recently when iron workers raised the final beam to complete the building’s structural framework.
Saxon Crossing Trades for $21M; Pollack Shores Buys 396-Unit Community for Nearly $24M
The recently completed Saxon Crossings—a 119,894-square-foot shopping center in Orange County—was acquired by Inland Real Estate Acquisitions for approximately $20.73 million. The property, currently 100 percent leased with Hobby Lobby as the anchor tenant, is also home to LA Fitness, Papa John’s and Jimmy John’s.
Trophy Tower 999 Peachtree Hits the Market
By Georgiana Mihaila, Associate Editor Jamestown Properties, the company that bought the former First Union Plaza in 2007 for approximately $127 million, is now seeking a buyer for the iconic 28-story Midtown tower. A year after the purchase, owner Jamestown Properties had hired Atlanta-based Cousins Properties to manage, lease and enhance the 999 Peachtree Street […]