News
Target’s New Lease Could Lead to Sale of 50 S. 10th Street
By Gabriel Circiog, Associate Editor Target Corp. could get the ball rolling in the downtown Minneapolis real estate market. After it recently reached a major lease agreement for 50 S. 10th St., local experts are expecting a chain reaction, Finance & Commerce reports. Target will lease all the rentable office space in the building, a […]
Seldin Buys 540 Apartments in Two Complexes
By Camelia Bulea, Associate Editor
The last day of February marked the purchase of two San Antonio apartment complexes — the Songbird and Villas of Oak Creste.
The buyers — Seldin Co. and investment partners in Chicago – were attracted by the Class B properties due to the proximity of the two complexes to the South Texas […]
Dallas Celebrates Inauguration of The Calatrava Bridge
By Camelia Bulea, Associate Editor
Designed by Santiago Calatrava, the bridge that crosses the Trinity River in Dallas was recently welcomed by Dallasites with an opening party with thousands of participants.
The Margaret Hunt Hill Bridge, named after a local philanthropist who donated $12 million to the new project, cost $182 million to build. The cable-stayed bridge […]
Work Underway on $1.1B University Medical Center
By Eliza Theiss, Associate Editor
Pile drivers have started work on the new $1.1 billion University Medical Center that is to replace Katrina-marred Charity Hospital, which hasn’t been in use since 2005.
Ground was broken on the 424-bed UMC in April 2011, but work was delayed by several months, thanks to such unexpected circumstances as the relocation […]
Watermark Seaport Project Adds to the Development Wave in Boston’s Innovation District
By Veronica Grecu, Associate Editor
According to an official statement issued a few days ago, a 14-story residential tower will be developed in South Boston by a joint venture between Skanska USA Commercial Development and Twining Properties.
The new residential tower will […]
Hines Consolidates Sustained Excellence Spot with New LEED Certification
By Georgiana Mihaila, Associate Editor
International real estate firm Hines, recently recognized by the U.S. Environmental Agency (EPA) with the 2012 ENERGY STAR Sustained Excellence Award for its continued leadership in protecting the environment, is living up to its reputation.
The Atlanta […]
University Circle Plans $100M Tech, Office and Apartment Complex
By Adrian Maties, Associate Editor
Lot 45, a surface parking lot with 200 parking spaces, sits today at the edge of University Circle and Little Italy, a crucial piece of real estate in one of Cleveland’s most important neighborhoods. Starting next […]
Excel Trust Acquires La Costa Towne Center
By Gabriel Circiog, Associate Editor The retail-focused REIT Excel Trust has acquired La Costa Towne Centre, a retail shopping center in Carlsbad, for approximately $23.5 million. Located at 7710-7770 El Camino Real, the property has around 121,000 square feet of gross leasable space and is anchored by Vons, a division of Safeway. Although the lease […]
580 Building Sold at Sheriff’s Auction
By Adrian Maties, Associate Editor
The 580 Building, one of downtown Cincinnati’s largest office buildings, was sold on March 1 for $16 million at a sheriff’s auction. The building at 580 Walnut St. was the former home of the Great American […]
Roeland Park and Mission in Conflict Over Walmart Location
By Gabriel Circiog, Associate Editor While the border war between Kansas and Missouri saw a breakthrough as the two joined forces to keep the Marine Data Center from relocating to New Orleans, the Kansas City Star now reports Roeland Park is accusing its neighbor Mission of poaching its biggest retailer, Walmart, in order to kick-start […]