News
Office Buildings Go for $22.3M; Foreclosed Apartment Complexes Sold
By Eliza Theiss, Associate Editor Four buildings in the Lenox Office Park have been bought by an affiliate of HighBrook Investment Management, with the deal closing on April 27. The New York based entity, working under the name Lenox Park C-F Owner LLC, paid $22.3 million for buildings C, D, E and F. The Shelby […]
Lennar Renews and Expands Global HQ at Corporate Center
The Miami Airport West submarket has not been too kind to Class B office properties—as the current vacancy rate of 24 percent shows. Yet the Lennar Corporate Center has successfully managed to stand out, even more so after the recent lease renewal and expansion of its anchor tenant—Lennar Corporation.
Parkway Properties to Purchase Hearst Tower
By Eliza Theiss, Associate Editor Investor confidence in the Charlotte office market seems to be on the rise. Following the recent sale of the Coliseum Centre, dubbed ‘deal of the week’ by The Wall Street Journal, another multimillion dollar office property transaction is in the works in the Queen City. Parkway Properties, an Orlando-based real […]
Zeller Realty, Invesco Partner to Buy Fifth Street Towers
By Gabriel Circiog, Associate Editor Zeller Realty Group and Invesco Real Estate have teamed up to acquire Fifth Street Towers at a sheriff’s auction, the Minneapolis / St. Paul Business Journal reports. The 1.1 million-square-foot office complex, located in downtown Minneapolis at 100 and 150 S. Fifth St., consists of two state-of-the-art buildings. The 25-story […]
Detroit Recovery Continues with Approval of Four New Projects
Over the last months Detroit’s recovery effort has become more visible and the four renovation and redevelopment projects approved at the end of April show that the City is not that far from becoming the hot spot for investments.
Recorded Webinar: Designing a Multi-family Web Site
View this recorded webinar on designing a Web site that ultimately generates more leads, sponsored by G5.
Slideshow: CPE’s 2011 Distinguished Achievement Award Winners
Which properties won CPE’s first annual Distinguished Achievement Awards? View the winners in a slideshow highlighting their best features.
John Hancock Real Estate Acquires 150 North Michigan Avenue Office Tower
By Gabriel Circiog, Associate Editor The 41-story 150 North Michigan Avenue office tower has been acquired by John Hancock Real Estate—the U.S. unit of Manulfie Real Estate—for $102 million. As previously reported by Commercial Property Executive, Jones Lang LaSalle Inc. was hired by Germany-based SEB Asset Management A.G. to market the property—previously acquired in 1999 […]
Sea-Tac’s $350M Green Rental Car Facility to Debut May 17
By Alex Girda, Associate Editor After four years of construction, a $350 million parking structure designed to streamline car rentals at Seattle-Tacoma International Airport will debut on May 17. The project’s sustainable features earned Silver LEED certification late last month—the biggest consolidated rental car facility to be so recognized by the U.S. Green Building Council. Airport […]
White Lodging to Break Ground on $300M JW Marriott
By Camelia Bulea, Associate Editor
White Lodging disclosed plans to break ground on the $300 million JW Marriott Austin this summer. The developer recently revealed the design of the downtown hotel, which will be 33 stories high and will measure 1.2 […]