News
Dick’s Picks Goodyear for $40M Distribution Center
By Alex Girda, Associate Editor
Dick’s Sporting Goods is set to kick off construction this month on a $40 million distribution center in the Phoenix suburb of Goodyear. The giant retailer is building a 600,000 square-foot warehouse at the PV303 business park. […]
Archstone Partnership Pays $131M for NYC High-Rise Apartment
Archstone has purchased Eastbridge Landing, a 209-unit apartment building in Manhattan, for $131 million from Madison International Realty and RFR Holding, the latter of which developed the asset in 1998.
BioMed Completes $343M Purchase of Cambridge Office/Lab Buildings
BioMed Realty Trust of San Diego has entered into a definitive agreement to acquire, for approximately $343 million, Prudential Real Estate Investors’ remaining 80 percent interest in two laboratory/office buildings.
Ranieri Acquires Occom Capital, Establishes Two Services Groups
Bolstered by its recent acquisition of Occom Capital Partners, a boutique real estate investment banking and advisory firm, Ranieri Real Estate Partners has established two new advisory services groups: Ranieri Real Estate Advisors and Ranieri Situs Solutions.
Cornerstone Picks up $53M Office in Denver's LoDo
Cornerstone Real Estate Advisers has just make a nice pickup in the Rockies with the purchase of 1899 Wyncoop, a 165,727-square-foot office buiding in Denver’s LoDo submarket, for a reported $56 million.
Economy Watch: Consumers Express Desire to Cut Back on Luxuries
According to a poll by Harris Interactive, consumers in America seem to be trending toward austerity these days. Italy saw its five-year bond yields spike to 6.5 percent. And Wall Street had another down day on Wednesday, with the losses attributed this time to panicky feelings in the commodities markets.
Onion Flats to Develop Net Zero Energy Mixed-Use Community in East Falls
By Veronica Grecu, Associate Editor
Local developer Onion Flats was chosen by the Philadelphia Redevelopment Authority (PRA) to build a 128,444-square-foot mixed-use complex in East Falls. “The Ridge” is projected to be the first Passive House Certified and Net-Zero-Energy mixed-use community […]
Wright-Kay Building Joins Dan Gilbert’s Portfolio; Aloft Boutique Hotel to Open in Detroit
By Veronica Grecu, Associate Editor
Bedrock Real Estate Service, one of Dan Gilbert’s companies, has just paid $575,000 for the vacant Wright-Kay Building, one of Detroit’s historic structures located at 1500 Woodward, reports The Detroit News. According to CBRE Inc. representatives […]
UCF Off-Campus Housing Complex Trades for $84M; Grand Floridian Gets Timeshare Addition
By Georgiana Mihaila, Associate Editor
The Orlando Business Journal reports that the 1,527-bed student housing complex across the street from the University of Central Florida’s main campus has traded hands for more than $84 million. The buyer is HSRE-UCF I LLC, […]
Brookfield Office Properties Acquires 1801 California Street for $215 Million
By Gabriel Circiog, Associate Editor
Brookfield Office Properties Inc. acquired, as part of an investment consortium, the second tallest office tower in Denver. Located in the city’s central business district, 1801 California Street was bought for $215 million from PSEG Energy […]