News
Hersha Hospitality Trust Picks Up Philadelphia's Rittenhouse Hotel
The Rittenhouse Hotel in Philadelphia, the premier 111-room lodging destination on the city’s celebrated Rittenhouse Square, became Hersha Hospitality Trust’s first purchase of the year for the sum of $42 million.
Inland Real Estate Expands Portfolio
By Gabriel Circiog, Associate Editor Inland Real Estate Corp. announced the acquisition of two retail properties in the Minneapolis market. IRC, through a joint venture with PGGM, bought Silver Lake Village, a grocery-anchored community center situated in the dense urban inner-tier suburb of St. Anthony. The center has a total of 159,303 square feet of […]
South Euclid Residents Protest Walmart Supercenter; Excellence Warehouse Opens in Brook Park
By Adrian Maties, Associate Editor
The news that a Walmart Supercenter may be built on the former Oakwood golf course in South Euclid has upset local residents. They fear the supercenter will cause irreparable environmental and economic damage to the region, […]
Top Gun to Invest $4M in New Mason HQ
By Adrian Maties, Associate Editor
Top Gun Sales Performance, a high-tech sales consulting firm, announced last week it wants to invest $4 million to buy a new headquarters in the city of Mason. Its target is the building at 5155 Financial […]
Mixed-Use Buckhead Place Development in Atlanta Gets $50M Refi
Buckhead Place, a mixed-use development in the Buckhead submarket of Atlanta, has just seen a $50 million permanent financing arranged by CBRE’s capital markets team, which represented the development’s owner, Buckhead Place L.L.C.
Kilroy Realty Buys Bay-Area Office Park for $162M
Kilroy Realty Corp. of Los Angeles has purchased Menlo Corporate Center in Menlo Park, Calif., for approximately $162.2 million. The seven-building, 374,000-square-foot park is 79 percent occupied by 10 tenants.
Economy Watch: Unofficial Reports Point to Continued Job Growth
Employment numbers are coming, and one CNBC report found that dentists, as an industry, grew in 2010 and 2011. HUD and the Treasury released a mixed bag of data and asserted that 5.7 million mortgage modifications were started between April 2009 and the end of last month. And the specter of Greek default rises once again.
Texaco Building to Become Low-Income Housing; City to Auction 14 Properties
By Eliza Theiss, Associate Editor
The old Texaco building in downtown New Orleans is one step closer to being redeveloped, as the state bond commission has approved financing for a repurposing project. The 17-story building is slated for renovations that will include retail space on the ground floor and 112 low-income apartments for seniors housing. The […]
Klein & Heuchan Closes Sales of Tampa Bay Properties
Clearwater, Fla.-based commercial real estate firm Klein & Heuchan Inc. has made several appearances in the local press after mediating the successful sales of two commercial properties within the past week.
Wood Partners Breaks Ground on $32M Westchase District Luxury Apartment Community
By Georgiana Mihaila, Associate Editor
On Feb. 27, Wood Partners L.L.C. officially broke ground on the $32.4 million Alta Woodlake Square, a luxury apartment community in the Westchase District of Houston.
With its location set at 2630 Tanglewilde St., the community will […]