News
BPG's $83M Spend Nets Two Virginia Multi-Family Properties
BPG Properties has made an $83.4 million investment to acquire two multi-family communities in Fredericksburg, Va. Together, the two properties — Greens at Falls Run and Manor at England Run — total 676 units and are 95 percent occupied.
O'Connor Capital, Wafra Purchase Two Retail Centers Totaling 332 KSF
O’Connor Capital Partners and Wafra Investment Advisory Group have joined forces, acquiring The Promenade at Chenal in Little Rock, Ark., and Phase II of Settlers Ridge in metropolitan Pittsburgh, Pa.
KBS REIT Picks Up 522 KSF, Three-Building Dallas Office Complex
In yet another example of REITs getting back in the game, KBS Real Estate Investment Trust III has purchased Town Center Office Park, a 522,043-square-foot, three-building office complex in Dallas’ Plano submarket.
Economy Watch: Consumers Feeling Pretty Good
U.S. consumers were feeling peppy in February, according to the Reuters/University of Michigan consumer sentiment index — and figures from the Bureau of Economic Analysis showed consumers increased spending during the month by 0.8 percent. And Wall Street turned in terrific first-quarter results overall.
Victory Medical Center Breaks Ground in Northwest San Antonio
By Camelia Bulea, Associate Editor Victory Healthcare recently broke ground on a new medical center in Northwest San Antonio. The first phase includes an 84,000-square-foot acute-care hospital. Plans call for a second phase, which includes a structure similar in size to the first building, housing medical office space, according to the San Antonio Business Journal. […]
CHRISTUS Health, Auto Parts Distribution Land Major Leases
By Camelia Bulea, Associate Editor CHRISTUS Health has chosen a new headquarters in the Las Colinas business park in Irving, where the company will move its 1,000 employees starting this summer. The 210,000 square feet of office space, called One Macarthur Ridge, is considered to be the perfect facility for the company, meeting its layout, […]
Seaport Square Adds $5 M Innovation Center
By Veronica Grecu, Associate Editor A $5 million plan for a new “Innovation Center” at the South Boston Waterfront that would provide low-cost meeting space for start-up businesses and support the high-tech industry was revealed last week by Mayor Thomas Menino. Designed by architecture firm Hacin + Associates Inc, the one-story structure will include 9,000 […]
Renaissance Waverly Part of $262M Portfolio Sold to Inland
By Georgiana Mihaila, Associate Editor
DiamondRock Hospitality Company has completed the previously announced sale of a three-hotel portfolio to Inland American for $262.5 million. The 521-room Atlanta Renaissance Waverly hotel was part of the deal, along with Austin’s 492-room Renaissance and […]
UT Plans New Athletic and Intramural Complex
The University of Tampa recently announced plans for a new student intramural and athletic complex, to be set on the west side of the campus.
Phoenix Tower Welcomes New York Life as Newest Tenant
By Georgiana Mihaila, Associate Editor
After undergoing extensive renovations, the 34-story Phoenix Tower recently announced the addition of insurance company New York Life to its list of tenants.
New York Life—the largest mutual life insurance company in the United States, with more […]