News
$200M Dayton Racino Project Moving Forward
By Adrian Maties, Associate Editor Dayton is one step closer to having its racino. Penn National Gaming Inc. (Nasdaq: PENN) announced on July 2 it wants to relocate Beulah Park in Columbus to Austintown and Raceway Park in Toledo to Dayton. It requested official permission of the Ohio State Racing Commission on June 30. It […]
Container Store to Enter Florida Markets
The Container Store has announced plans to enter the Tampa market in 2013. The retailer currently has two Florida stores, in Hallandale Beach and Miami, and plans on opening three more: in Tampa, Orlando and Boca Raton.
Holliday Fenoglio Closes Industrial, Office Sales
Holliday Fenoglio Fowler’s Houston branch announced closing the sales of both a four-building, Class A industrial portfolio and a 95,166-square-foot office property last week.
Vornado Sells Washington Properties
By Adrian Maties, Associate Editor Vornado Realty Trust (NYSE:VNO) announced on July 5 it will sell its office building located at 409 Third St., S.W., in Washington, D.C. The price is $200 million and will result in net proceeds of $186 million and a net gain of $120 million. On the same day, Vornado also […]
Lingerfelt Acquires 484,000 Sq. Ft. Office Portfolio
By Eliza Theiss, Associate Editor Lingerfelt Companies of Richmond, VA has announced the purchase of a 484,04-square-foot office portfolio dubbed Nashville Airport North Portfolio from Highwoods Properties, Inc. The buyer paid $41 million. The portfolio is comprised of five Class A office buildings located in Nashville’s airport submarket, in three mature office parks: the BNA […]
ARA Closes Sale of 204-Unit Old Fourth Ward Apartment Community; Lincoln Property Brokers Three Major Atlanta Leases
By Georgiana Mihaila, Associate Editor ARA—a privately held, full-service investment advisory brokerage firm specializing in the multifamily industry—recently announced the sale of its 626 DeKalb 204-unit apartment community. Buyer Mesa Capital Partners, an apartment acquisition and development firm, paid $21 million for the Old Fourth Ward apartment community. Mesa Capital Partners specializes in the creation […]
Coast Income Properties Inc. Acquires Pacific Ridge Corporate Centre
By Gabriel Circiog, Associate Editor Coast Income Properties Inc. has acquired a two-building office project in Carlsbad for $29 million, Rentv.com reports. The San Diego-based development company, founded in 1979, paid $239 per square foot to Brandywine Realty Trust for the Pacific Ridge Corporate Centre. The 121,500-square-foot Class A project is located at 5780 and […]
Hyatt Plans to Return to Kansas City with 229-Room Mixed-Use Development
Hyatt Hotels Corp. announced plans to re-enter the Kansas City market with a new 225-room luxury hotel near the Country Club Plaza,
Developers Planning New Housing at Harbor Point
By Adrian Maties, Associate Editor Baltimore’s Harbor Point is a mammoth waterfront project by John Paterakis Sr. and the developers now intend to make it even bigger. On Thursday, July 5, at a meeting of Baltimore’s Urban Design and Architecture Review Panel (UDARP), representatives of John Paterakis’ Harbor East Development Group presented a preliminary […]
New Community Center Planned for Chinatown
By Veronica Grecu, Associate Editor Philadelphia’s vibrant Chinatown is one step closer to having a new community center that will replace a parking lot located at the corner of 10th and Vine Streets. In November 2011 the City Planning Commission received a project notification issued by the Philadelphia Chinatown Development Corporation (PCDC) for a 23-story […]