News
250-Unit Complex Sells; EZCORP Buys Money Mart Stores
By Camelia Bulea, Associate Editor
Two major real estate transactions took place in San Antonio in the past week: a residential purchase by an Arizona-based company and a retail transaction by Austin-based EZCORP.
MC Cos., an Arizona firm, recently purchased the Shadow […]
Home Depot Breaks Ground on Distribution Center; Hall Arts Center’s Future Still Unclear
By Camelia Bulea, Associate Editor
Three years after it was first slated for construction, Home Depot has broken ground on a 1.2 million-square-foot distribution center in South Dallas, expanding on an existing 531,000-square-foot facility.
The $20 million distribution facility, which is expected […]
New Orleans Hospitality to Get Major Makeover
By Amalia Otet, Associate Editor
Newton, Mass.-based Hospitality Properties Trust recently announced it has entered a deal to purchase the entity that leases the Royal Sonesta Hotel in New Orleans. The transaction, bearing a price tag of approximately $150.5 million, also […]
Home Price Decrease Good News for Aspiring Homebuyers; HFF Lands $125M in Refinancing
By Alex Girda, Associate Editor
Home prices going down seems to have an ironic effect on the market. Prices have gotten to a point where interest rates have decreased and the percentage of Californian residents who can afford homes has now […]
BentleyForbes Puts $98M Ohio Portfolio up for Sale
By Adrian Maties, Associate Editor
BentleyForbes, a real estate investment firm based in California, has put three Ohio office buildings up for sale, all leased to Medical Mutual, Ohio’s oldest and largest health insurer. The properties are listed at $98 million […]
Neyer Properties, City Plan $30M Development Project
By Adrian Maties, Associate Editor
Neyer Properties Inc. has been busy in Cincinnati in recent months, and plans to be even busier in November and December. For all its important projects, the Evanston-based real estate development company recently won the award […]
Salus Spends $57M in D.C.’s Rosslyn Corridor
In another deal for the Washington, D.C., metro area’s Rosslyn Corridor, Salus Property Investments has purchased 1400 Wilson Blvd. for $57 million.
Hersha Signs Deal to Buy Cortyard Miami Beach Oceanfront for $95M
By Georgiana Mihaila, Associate Editor
Hersha Hospitality Trust is preparing to enter the Miami market by signing a purchase contract to acquire the Courtyard Miami Beach Oceanfront. Hersha has agreed to pay $95 million, or $361,217 per key, for the 263-room hotel […]
Education Realty Trust to Break Ground on Student Housing Adjacent to CU-Boulder
By Amalia Otet, Associate Editor
Education Realty Trust Inc., one of America’s largest owners, developers and managers of collegiate housing, announced the closing of three deals including two acquisitions and one collegiate housing development, according to the Memphis Business Journal. EDR […]
Campus Crest Communities Unveils $156.8M Construction Pipeline
By Amalia Otet, Associate Editor
Campus Crest Communities, a leading developer, builder and manager of purpose-built student housing under The Grove brand, recently made public a $156.8 million construction pipeline, to encompass 1,282 student housing apartments. Campus Crest Communities owns interests […]