News
Siemens Energy Unveils New Manufacturing Plant in Charlotte
By Amalia Otet, Associate Editor
Siemens Energy unveiled its new 450,000-square-foot Gas Turbine production plant in Charlotte, during an official opening ceremony held on Nov. 16, as reported by the Charlotte Observer.
Siemens broke ground on the expansion of its 700-worker steam […]
$550M Redevelopment Project Proposed Near McCormick Place
By Gabriel Circiog, Associate Editor
A massive redevelopment plan is surfacing again for the strategic parcel of land located near McCormick Place on two square blocks between Cermak Road and 21st Street. As the Chicago Journal reported earlier this year, the […]
288-Unit Complex Sold to Waterton Residential; Canadian Developer to Build ‘Shop Houses’ at Mueller
By Camelia Bulea, Associate Editor
Waterton Residential recently purchased the Fox Hill apartment community in Southwest Austinl, according to a company news release. The deal for the 288-unit, 13-building Class A multifamily complex closed on October 28.
The complex, built in 2009, […]
Culver Center Sold for $115M in California’s Largest Off-Market Transaction in 2011
In California’s largest off-market, single-asset transaction in 2011, Equity One has purchased Culver Center in Culver City for $115 million.
Cassidy Turley Secures $95M Permanent Financing for Class A Building in Washington, D.C.
Cassidy Turley has secured a $95 million permanent loan for the McPherson Building, which overlooks Washington, D.C.’s McPherson Square Park.
Pramerica Sells Madrid’s Titán 4 to German Investor
Seven years after acquiring the Madrid office building known as Titán 4 in its development stage, Pramerica Real Estate has sold the 111,000-square-foot office tower in the Mendez Álvaro area to German fund manager Invesco.
Economy Watch: Retailers Clean Up over Thanksgiving Weekend
Americans certainly didn’t stay home from the stores on Black Friday, as reports indicate record-breaking retail sales. Today’s Cyber Monday numbers look to be similarly encouraging. And the bailout of Italy could cost up to 600 million euros.
Penzance, American Realty JV for D.C.’s 1130 Connecticut Ave.
Penzance finds a new partner in the ownership of the Class A office tower at 1130 Connecticut Ave. in Washington, D.C., through the establishment of a new joint venture with American Realty Advisors. ARA purchased a stake in the building previously owned by Greenstreet Real Estate Partners.
AmeriLife Moves to New HQ at 2650 McCormick Drive
Senior-focused life and health insurance marketing organization AmeriLife has marked one of the largest corporate moves this year in the Tampa Bay region by signing a new lease for the entire three-story complex formerly known as Prestige Place II. Following the signing of AmeriLife as sole tenant, the complex at 2650 McCormick Drive will be renamed AmeriLife Place.
HFF Closes Sale of 2500 CityWest to CREF
By Georgiana Mihaila, Associate Editor
The 25-story Class A office tower in Houston’s Westchase District known as 2500 CityWest traded hands, according to an announcement by investment advisory firm Holliday Fenoglio Fowler L.P. Owner Thomas Properties Group Inc. and its affiliate TPG/CalSTRS […]