News
Work Finally Starts on Rookwood Exchange
By Adrian Maties, Associate Editor
After years of planning and setbacks, work finally started last week on the Rookwood Exchange development, the $100 million mixed-use project at the Smith-Edwards exit on Interstate 71, in Norwood, Ohio. The 12-acre project has been […]
Khoshbin Co. Makes 395 KSF Office Investment in Houston
The Khoshbin Co., a privately held Irvine, Calif.-based real estate firm, has just completed its acquisition of two office buildings in Houston’s Greenspoint submarket, picking up 333 N. Sam Houston Parkway East and 10700 Interstate 45 North, two multi-tenant office buildings spanning 395,424 square feet.
American Realty Advisors Picks Up More Than 900 KSF Across Five Assets
American Realty Advisors’ commercial real estate purchasing activity has just swelled by approximately 900,000 square feet — and then some — with the recent addition of five properties spanning the industrial, multi-family, office and retail sectors.
Economy Watch: Retail Sales Spike Unexpectedly
The Census Bureau reported that retail sales jumped a higher-than-expected 0.8 percent in March, showing consumers are more optimistic across all categories. Homebuilders weren’t as chipper, as the Housing Market Index fell three points last month. But home remodelings were up 3 percent in February.
Award-Winning Colliers Tampa Bay Closes Industrial Lease
Colliers International Tampa Bay has become a regular feature in local media this past month, having won six major honors at the Florida Gulfcoast Commercial Association of Realtors and Real Estate Professional’s annual Pinnacle Awards.
Cole Real Estate Buys High-Density Urban Retail Center
Greenway Commons—a core, Class A super-regional power center in Houston—recently changed ownership, when Trammell Crow Co., Prudential Real Estate Investors and The Morgan Group sold the 253,000-square-foot, high-density urban retail center to Cole Real Estate Investments for an undisclosed amount.
114-Unit Adams Morgan Apartment Building Sells for $26M
By Adrian Maties, Associate Editor
Washington, D.C.-based Urban Investment Partners L.L.C. and Infinity Real Estate of New York have paid $26 million for a 114-unit apartment building at 1841 Columbia Road, N.W., in Washington, D.C. The Fairfield Residential Co. was the seller. New York-based Arbor Commercial Mortgage provided the acquisition and project debt financing for the […]
Archstone Project Answers Multi-Family Demand in Santa Clarita
By Alex Girda, Associate Editor In another sign of growing demand for multi-family rentals in the Santa Clarita Valley, Archstone and an affiliate of The Resmark Cos. recently broke ground on a 157-unit town home complex in Santa Clarita. “The strong job market in the Valley and in the Los Angeles area has helped create greater […]
Innisfree Gets $57M Loan for Three Gulf-Coast Hotels
With the assistance of Aries Capital, Innisfree Hotels has received $57 million in financing for three of its hotels along the Gulf Coast just weeks in advance of maturity dates on existing loans.
Court Approval Paves Way for BGC to Form Newmark Grubb Knight Frank
After receiving approval from the bankruptcy courts, BGC has completed the acquisition of Grubb & Ellis and has announced the creation of a new firm, Newmark Grubb Knight Frank, that combines the assets of G&E with Newmark Knight Frank.