News
Orchard Partners Expands Puget Sound Portfolio; Greenwood Apartment Project Advances
By Alex Girda, Associate Editor
A joint venture between Orchard Partners LLC and Morgan Stanley Real Estate Investing has closed on the acquisition of the 135,000-square-foot Creekside Distribution Center in Kent, the Puget Sound Business Journal reports. The $10.46 million purchase Orchard Partners’ […]
HCDA Issues Final RFP for Hawaii’s Tallest Building
By Liviu Oltean, Associate Editor
The Hawaii Community Development Authority (HCDA) will soon issue the final Request For Proposals (RFP) for the development of the mixed-use transit-oriented development project at 690 Pohukaina in Kakaako.
The Pohukaina project entails the development of two […]
RLJ Lodging Trust Completes $24M Hotel Conversions
By Liviu Oltean, Associate Editor
RLJ Lodging Trust has recently completed a $24 million conversion of three hotels – the Hilton Garden Inn Pittsburgh University Place, the Hilton Garden Inn Durham and the Embassy Suites West Palm Beach-Central.
The conversions were part […]
Archon Group Acquires Six Office Properties in the Triangle Area
By Liviu Oltean, Associate Editor
Duke Realty Corp. recently sold six office properties for $44 million to Archon Group of Irving, Texas, a real estate investment arm of Goldman Sachs.
The buildings, located in Raleigh and Cary, had been acquired or developed […]
Laurel Street Residential Aquires Crosland’s Multi-family Affordable Housing Division
By Amalia Otet, Associate Editor
Laurel Street Residential has purchased the multi-family affordable housing development division from Crosland, LLC for an undisclosed price, according to MHN online.
Charlotte-based Crosland, LLC had decided in 2011 to divest its operating divisions and focus mainly […]
Dees Stribling's Economy Watch Weekly
Some good news, some less-than-good-news this week — and the beginnings of full-blown, election-year arguments over economic policy. CPE‘s economic analyst, Dees Stribling, gives his podcast for the week ending Jan. 27, 2012.
Rudin Management Plans Luxury Condos in Greenwich Village
By Veronica Grecu, Associate Editor
Last week, the New York City Planning Commission approved a redevelopment plan that would transform the former St. Vincent’s Hospital campus at 144 West 12th Street into luxury condos. The initiative, which belongs to local development […]
Grubb & Ellis Acquire Nursing Homes for $30 million; Kimberly-Clark to Open Southaven Distribution Center
By Amalia Otet, Associate Editor Santa Ana, Calif.-based Grubb & Ellis Healthcare REIT II, Inc. has recently completed, through one of its affiliates, the acquisition of two nursing homes in the greater Memphis area for nearly $30 million. The company acquired the one-story Parkway Health & Rehab Center from Tennessee Property Associates, LP for $15.9 […]
1 Houston Center to Be Renamed LyondellBasell Tower Following 358 KSF Lease Extension
Following the signing of a 358,100-square-foot lease, LydondellBasell, a longtime tenant of 1 Houston Center, will see the building renamed the LydondellBasell Tower.
Morgan Group Refis Five Multi-Family Properties for $146M
The Morgan Group, a company focused on development, construction and property management of luxury multi-family properties, has arranged financing of $146 million on behalf of its affiliated investment partnerships.