News
Community Bank Buys Back Condos; Staples Store Purchased by US Real Estate
By Eliza Theiss, Associate Editor Nine units at One One O’Six Lofts Condominiums have been bought back by Community Bank – North Mississippi for a reported $1.5 million. The buy also included 2,660 square feet of commercial property at 92 S. Main St. and 96 S. Main St. The purchased townhomes have an combined surface […]
Britax Considering Move to York County; Positec Opens Second Charlotte Site
By Eliza Theiss, Associate Editor
Britax Child Safety is considering moving its Charlotte-based facilities to neighboring York County. The company currently leases two facilities in Charlotte — a corporate center and assembly operation in South Point Business Park, as well as […]
Spinnaker Begins Residential Phase of $250M St. Louis Development
Spinnaker Real Estate Partners takes the next step toward the completion of the $250 million, mixed-use Mercantile Exchange project in St. Louis, Mo., with the opening of Laurel Apartments, a 205-unit luxury residential community.
Parkview Properties Pays $86M for a Second Tempe Tower
By Alex Girda, Associate Editor
Less than a year after buying a neighboring property, Parkway Properties Inc. closed on the $86 million acquisition of Hayden Ferry Lakeside II in Tempe, Ariz. Completed in 2007, the 12-story, 300,000-square-foot building is part of […]
N.S.P. Ventures Purchases 236 KSF U.S. Mint Facility in D.C. for $148M
Japan-based N.S.P. Ventures has acquired 801 Ninth St., N.W., in Washington, D.C., a 236,000-square-foot building occupied in its entirety by the U.S. Mint, from the Netherlands-based Wereldhave USA for $147.5 million.
Dees Stribling's Economy Watch Weekly
Dees Stribling’s Economy Watch Weekly: In short, the economy isn’t bad. Not great, but not bad either. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending March 2, 2012.
American Realty Capital Trust Goes Public, Lists on NASDAQ
Looking to “unlock the value of the company” for shareholders, American Realty Capital Trust Inc., the flagship REIT of a New York investment firm, began trading Thursday on the NASDAQ Global Select Market as a publicly traded, triple-net-lease REIT.
Kennedy Wilson Sells L.A. Luxury Multi-Family Building for $74M
Kennedy Wilson has sold NoHo-14, a 14-story luxury apartment building in the NoHo district of Los Angeles’ San Fernando Valley, for $74 million.
Economy Watch: Employment Picture Improved in '11
Initial unemployment claims for the week ending Feb. 25 edged down 2,000 to 351,000. According to CoreLogic, 22.8 percent of all U.S. residences suffered negative equity at the end of the fourth quarter. And construction spending saw a slight slip in January.
Asset Campus Housing to Manage 3,648-Bed Student-Housing Development in L.A.
Asset Campus Housing adds a third property to its California management portfolio with a new assignment from GHP Management. ACH will oversee The Lorenzo, a $230 million, mixed-use student housing development that will produce 3,648 beds for students near the University of California in Los Angeles.