News
Mylan to Build Corporate HQ in Town Center Overlay District
by Adriana Pop, Associate Editor
Mylan Inc. plans to develop new corporate headquarters near its current location in the Southpointe Office Park in Cecil Township, Washington County, Pa.
The project entails the development of an approximately 280,000-square-feet LEED-certified office building. Expected to […]
Beech Lake Apartments in Durham Sells for $19.7M
by Adriana Pop, Associate Editor
Palatine Capital Partners Management LLC has sold the 345-unit Beech Lake multifamily community located in Durham for $19,700,000. Westdale Properties and Lubert-Adler acquired the apartment complex. The transaction closed on Dec. 24, 2011. Apartment Realty Advisors […]
$5.2B Honolulu Rail Project Remains Controversial
by Adriana Pop, Associate Editor
The City and County of Honolulu plans to develop a $5.2 billion elevated rapid-transit rail project covering a 20 mile route from East Kapolei to Ala Moana Center. The proposed rail line will pass Waipahu, Leeward […]
Dees Stribling's Economy Watch Weekly
Even the Las Vegas housing market is seeing some improvement. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending March 16, 2012.
Newest Vegas Megaproject, $470M Arts Venue, Takes a Bow
By Alex Girda, Associate Editor
For the past several years, Las Vegas has struggled to reclaim its customary investment and development vigor. The city’s newest megaproject is neither a hotel nor a casino, but a quirky $470 million venue for dance, theater, classical music and jazz.
In an area where entertainment is synonymous with glitzy spectacles, the new […]
Kilroy Realty Extends Footprint to Menlo Park in $162M Office Deal
By Alex Girda, Associate Editor
In its latest big-ticket Bay Area buy, Kilroy Realty Corp. has paid $162.2 million for a 374,000-square-foot office campus in Menlo Park. Kilroy Realty acquired its newest asset, Menlo Corporate Center, from Walton Street Capital L.L.C.
Located on […]
HFF Marketing Loan for The Vue
By Eliza Theiss, Associate Editor
Real estate firm HFF L.P. recently began marketing $130 million in junior debt tied to The Vue–Charlotte, a luxury uptown condominium project. Miami-based investors are said to have shown interest for the note.
Current owner MCL Cos. […]
St. John Properties Buys Former Environmental Elements Building, Plans $8M Renovation
By Adrian Maties, Associate Editor
St. John Properties Inc. has purchased a highly visible office building located at 3700 Koppers St. in Southwest Baltimore. Although the new owner did not disclose any sales price, it plans to invest $8 million to […]
D.C.'s Crystal City Submarket Sees $161M Refi for Two Multi-Family Properties
Bainbridge Cos. and The Carlyle Group have secured two loans totaling $161.4 million for the refinancing of two apartment properties in the thriving Washington, D.C. area. The assets, The Bennington and Crystal Square, encompass an aggregate 726 residences.
Downtown Miami Defies National Trend with Residential Occupancy Up to 93 Percent
By Georgiana Mihaila, Associate Editor
Less than three years ago, tens of thousands of condo units built during the 2002-2008 boom sat empty in downtown Miami. Yet what was arguably the worst real estate market in the country following the crash […]