News
CPM Development Plans Student Housing, Retail for Arby’s Site
By Gabriel Circiog, Associate Editor With around 49,000 students attending the University of Minnesota and residence halls able to accommodate only about 6,000 of them, it seems likely that a new student housing project could prove successful. Accordingly, Finance & Commerce reports that Minneapolis-based CPM Development is planning student housing and retail on a two-acre property […]
SA Sports Complex Opens; UT System Regents Approve New Dental Center
By Camelia Bulea, Associate Editor
The new Wheatley Heights Sports Complex is now open. The new sports complex (illustrated at right), located on San Antonio’s East Side, includes a football stadium, a nine-lane all-weather track, four AAU/UIL soccer fields and a cross-country track, according to the San Antonio Business Journal.
The $10 million project was funded by Bexar […]
Luxury Condos, Class A Office Tower Planned for Uptown Dallas
By Camelia Bulea, Associate Editor
KDC announced plans to develop a 400,000-square-foot office tower in Victory Park. The developer formed a joint venture with Orlando-based Estein & Associates USA Ltd. for construction of the Class A tower in Uptown Dallas.
The project […]
$38M Mid-City Market to Begin Construction; Housing Planned for Algiers
By Eliza Theiss, Associate Editor
Covington, La.-based Stirling Properties L.L.C. has closed on the land acquisition and financing for Mid-City Market, a $38 million commercial development planned along the North Carrollton Avenue commercial corridor. Work on the 107,713-square-foot retail complex is slated to start in the coming days, with the demolition of the dilapidated Bohn Ford […]
Ventas to Sell 64 Healthcare Assets
Ventas Inc. has announced plans to market 64 healthcare properties, which generate $77 million in annual rent and are presently leased to Kindred Healthcare Inc.
State Industrial to Move to New Mayfield Heights HQ
By Adrian Maties, Associate Editor
State Industrial Products, one of the largest privately owned suppliers of industrial cleaning solutions in North America, announced it will move its corporate offices this fall from its longtime headquarters near Cleveland’s downtown to a modern […]
Groundbreaking Marks Return of Cincinnati Streetcar
By Adrian Maties, Associate Editor
Streetcars were the main form of public transportation in Cincinnati at the turn of the 20th century. In 1951, after nearly a century of horse-drawn, steam-powered and electrical vehicles, the original streetcar system was dismantled. But the […]
EdR, Landmark Properties to Develop Student-Housing Community at Ole Miss
EdR and Landmark Properties have committed to joining forces on the development of a 668-bed student housing property near the University of Mississippi in Oxford. The project, which will sit in a residential neighborhood approximately one mile from campus, will cost $36 million to develop.
Sears' Store Sales, Rights Offering 'A Brilliant Move'
In the wake of the announcement that Sears would be selling 11 stores to General Growth Properties and spinning off two of its brands, industry sources called the actions “a brilliant move.”
NAR: Commercial Vacancy Rates Improving, Rents Firming
In its quarterly Commercial Real Estate Market survey, the National Association of Realtors predicts a widespread fall in vacancy rates for nearly all property types, with multi-family continuing to lead the way.