News
Peak 10 Expanding in Charlotte, Building New Data Center
By Eliza Theiss, Associate Editor Peak 10 Inc., the Charlotte-based data center solutions company, has announced it will be expanding its surface area in Charlotte by 62,000 square-feet by building a fourth data center. The new building will be located in University Research Park near UNC-Charlotte and will be developed in phases depending on market […]
In $100M Transaction, Kane Realty Sells N.C. Multi-Family Complex, Refis Retail Portion
In an intricate, multi-faceted transaction valued at $100 million, Kane Realty has sold a segment of its Park & Market mixed-use residential property in the North Hills district of Raleigh, N.C., and recapitalized another.
Beck Ventures Plans $2B Transformation for 1.7 MSF Dallas Mall
The 39-year-old Valley View Center, a mall located on 1.65 million square feet of property in North Dallas, will be transformed into Dallas Midtown, a mixed-use lifestyle project, as part of a $2 billion redevelopment project planned by its new owners.
Bell Partners Spends $66M on Tampa Apartment Complex
In a solid rental market that’s dropped below 5 percent vacancy, Bell Partners has made a significant buy. The firm has just purchased the 422-unit Seaport Channelside apartments in Tampa for $66 million, bringing its total portfolio in the city to four properties.
Random House Renews 361 KSF Office Lease in Manhattan
Hot on the heels of its 1.6 million-square-foot lease signing of Viacom to 1515 Broadway in Manhattan’s Midtown submarket, SL Green has inked a lease renewal for Random House Inc. to continue occupying 361,044 square feet at 1745 Broadway.
Economy Watch: Pending Home Sales Index Spikes
The NAR’s Pending Home Sales Index rose nearly four points in March, giving some small room for optimism. Jobless initial claims fell slightly from the previous week. And Spain’s long-term credit rating took a big hit, dropping from A to triple-B-plus.
Vision Group Ventures Plans 1.9 MSF Distribution Center in Pennsylvania
Vision Group’s plan for the sprawling industrial center in Lebanon County, Penn., entails three Class A facilities totaling nearly 1.9 million square feet and Panattoni has purchased a 129-acre tract for a 1.5 MSF development.
Viacom’s New 1.6 MSF Office Lease Now Manhattan's Largest
SL Green, which has been extremely busy in the Times Square submarket of Manhattan during the past year, has just notched another record: The signing of what the firm calls Manhattan’s largest office lease, which keeps media giant Viacom in the 1515 Broadway building through 2031.
$600M Mixed-Use Development in Atlanta Suburb Gets Green Light
Avalon, a $600 million, 87-acre mixed-use project to be developed in Alpharetta, Ga., by North American Properties, passed its last regulatory hurdle Monday night when the Alpharetta City Council approved the development.
Economy Watch: Fed Stays the Course
The FOMC decided to keep the federal funds rate at no higher than 0.25 percent. Orders for durable goods — such as cars, steel and machinery — were down 4.2 percent in March. But the amount of tonnage shipped by trucks on U.S. roads increased from February to March, rising 0.2 percent.