News
U Square @ the Loop Gets New Leasing Team
By Adrian Maties, Associate Editor
U Square @ the Loop, the nearly $80 million mixed-use development located just south of the University of Cincinnati, will break ground at the start of 2012. The project developers, however, have decided to replace the […]
EastGroup Buys 1.15MSF Industrial Portfolio in Tampa
EastGroup Properties has officially announced the acquisition of an industrial portfolio consisting of 16 buildings in Tampa. The 16 properties encompass approximately 1.2 million square feet and was previously owned by Prologis.
HFF Secures $50M Refinancing for Houston’s Zaza Hotel
By Georgiana Mihaila, Associate Editor
Holliday Fenoglio Fowler L.P. arranged a $50 million refinancing for Houston’s luxurious Zaza Hotel. Working on behalf of the owners, HFF secured a 10-year, fixed-rate loan through Goldman Sachs Commercial Mortgage Capital L.P.
Located in Houston’s Museum […]
Home Properties Buys Apartment Community for $93M
By Adrian Maties, Associate Editor
On Nov. 30, Home Properties Inc. purchased The Courts at Dulles apartment community. It paid paid $92.8 million in cash, or $226,000 per unit for the 411-unit property.
The Courts at Dulles was built in 2000. Located in […]
PwC: Investor Interest in Offices, Apartments to Gain Steam Next Year
Investor interest in the office market will gain some steam in 2012, as per results of the PricewaterhouseCoopers’ Real Estate Investor Survey, and the apartment sector will continue to attract a great deal of attention — as well as development dollars.
M-M Properties Takes Dallas' 1.2 MSF Plaza of the Americas
In a deal reaching a reported $100 million, M-M Properties — partnering with an institutional client of Invesco Real Estate — has acquired Dallas’ 1.2 million-square-foot Plaza of the Americas.
Economy Watch: Retailers Push Hard Before the New Year
With Christmas over, retailers are pushing hard for year-end sales numbers. And new-home sales inched upward in November by 1.6 percent.
Dees Stribling's Economy Watch Weekly
A surprising round of good news ahead of the holidays. CPE‘s economic analyst Dees Stribling gives his podcast for the week ending Dec. 23, 2011.
Redevelopment Authority Sells Fifth and Forbes Lots to Millcraft for $2.43M
By Liviu Oltean, Associate Editor
The Urban Redevelopment Authority (URA) has voted and agreed to sell seven lots near Forbes Avenue to Millcraft Industries.
The 37,000-square-foot tracts were sold to the Washington-based company for $2.43 million. The Pittsburgh Business Times reports that […]
DeBartolo Cleared to Move Forward with Largest Shopping Center in Oahu
By Liviu Oltean, Associate Editor
The Hawaiian Homes Commission (HHC) has recently reported that DeBartolo Development’s final environmental assessment (FEA) has no significant impact on the environment.
Due to the approval of the FEA, DeBartolo is now eligible to enter the first […]