News
Columbus Firm Plans Data Center; Railroad Union Puts HQs on Market
By Adrian Maties, Associate Editor
Columbus-based data center company Superior Technology Partners L.L.C. plans to buy a 2.3-acre site between East 61st and East 63rd streets for a $35 million to $40 million project. The land is part of a 14-acre site.
The […]
Cincinnati Approves Funds for Homeless Shelters
By Adrian Maties, Associate Editor
The Cincinnati City Council voted unanimously last Wednesday to approve the first $1 million in city money toward the “Homeless to Homes” campaign, a project meant to build, rebuild and relocate three homeless shelters across the […]
Scion Group, Arch Street Capital Get $52M in Acquisition Financing for Texas Student Housing
Aided by $52 million of financing placed by Holliday Fenoglio Fowler L.P., The Scion Group and Arch Street Capital Advisors have snapped up two student housing properties in Texas.
ULI: Emerging Trends in Europe Bearish for '12
“Debt” is going to be the name of the game for the European real estate markets in 2012, according to Emerging Trends in Real Estate Europe 2012, the industry forecast published by PwC and the Urban Land Institute.
Data Center Operator Picks KC for New $32M Facility
CoSentry, an Omaha-based provider of data center, cloud computing, co-location and managed-Internet services, has purchased a 57,500-square-foot former light industrial building in Lenexa, Kan., for use as a data center.
Miami Herald Signs 158 KSF Lease to Relocate HQ
Eight months after The Miami Herald Co.’s Miami digs were sold in a short-term, sale-leaseback transaction, the newspaper has signed a long-term lease for the 158,300-square-foot former U.S. Southern Command headquarters at Westpointe Business Park in neighboring Doral, Fla.
Economy Watch: U.S. GDP Expands, but Not as Much as Expected
Spending on durable and non-durable goods rose domestically during the fourth quarter of 2012. Greece and its creditors continued to haggle over interest-rate cuts. And, according to Reuters, U.S. consumers at least feel better about the economy.
Luxury Apartments at the Ovation Nearly Sold Out
At a time when most developers feel the need to lower prices in order to sell units, the developer of Ovation—JMC Communities—can pride itself on the achievement of selling all but four of the 45 luxurious units at the original 2006 asking price.
Brookhollow Slated for Renovation under New Ownership
By Georgiana Mihaila, Associate Editor
Parmenter Realty Partners marks its second Houston purchase—and the third purchase for Parmenter’s Realty Fund IV— along with the acquisition of Brookhollow Plaza I, II and III.
The property, known as Brookhollow Central, is a Class A, […]
Hensel Phelps Wins Contract to Build Social Security Center
By Adrian Maties, Associate Editor
The U.S. General Services Administration announced it has awarded a $191.6 million contract to Chantilly, Va.–based Hensel Phelps Construction Co. for the design and construction of a new Social Security Administration data center in Urbana. The […]