News
Manhattan Office Building Goes Residential; City Encourages Neighborhood Sustainability
By Veronica Grecu, Associate Editor
As Manhattan’s residential inventory is calling for more and more space, office building reconversion seems to be the best solution for developers. One such reconversion plan was filed with the New York State Attorney General’s office […]
New Tech Center for Chicago Startups; LifeStorage Expands Portfolio
By Veronica Grecu, Associate Editor
The Chicago Tribune reports that a new center for technology start-ups could be opened next year by local business leader, venture capitalist and philanthropist J.B. Pritzker, who has teamed up with various investors such as Troy […]
Fund Snags BofA Plaza on Las Olas for $164M
By Georgiana Mihaila, Associate Editor
The 23-story Bank of America Plaza at Las Olas City Centre in Fort Lauderdale is now part of a fund operated by JPMorgan Investment Management, 401 East Las Olas LLC. The trophy office building, currently 95 […]
Catellus Plans to Develop 221 Additional Homes at Mueller Site
By Camelia Bulea, Associate Editor
East Austin will see new residential projects with the development of 221 additional homes, townhouses and condominiums at the Mueller site. The new residences will be built by David Weekley Homes, Standard Pacific Homes, Streetman Homes […]
Poplar Plaza Boasts New Tenants; Greyhound Terminal on Sale for $2.3M
By Amalia Otet, Associate Editor
Poplar Plaza is currently undergoing several changes that are expected to boost its occupancy up to 98 percent from the current 88 percent, according to the Daily News. The 360,000-square-foot outdoor strip mall sits on 28 […]
Development of The Bridges at Mint Hill Back on Track; Charlotte to Get New Football Stadium
By Amalia Otet, Associate Editor
The Bridges at Mint Hill, a proposed shopping complex on 210 acres in Mint Hill, has every chance to get back on track after being put on hold for more than two years, as Dallas, Texas-based […]
Grubb REIT to Acquire 10-Facility Nursing Portfolio for $166.5M
One of the investment vehicles of Grubb & Ellis, the firm’s Healthcare REIT II Inc., has just entered into an agreement to purchase the 10-property Southeastern Skilled Nursing Family portfolio for $166.5 million.
DLA Piper Panelists: REITs Doing Well, but the CRE Market is Mostly Brutal
On the final day of the DLA Piper Global Market Summit in Chicago, panelists were honest about what scares them in CRE market trends but pointed out that REITs are still a bright spot for the industry.
Economy Watch: More Jobs, but Still Not Enough
The U.S. economy produced 103,000 jobs in September, according to the BLS. Obama signed an executive order to create an emergency board to help the dispute between freight-rail carriers and their unions. And banks worldwide took steps to defuse the debt bomb.
Karlin Purchases Two Scottsdale Retail Centers for $50M
Karlin Real Estate picked up the two shopping centers in the Phoenix area, Shea Scottsdale East and Shea Scottsdale Shopping Center, for a combined $50.3 million from Herberger Enterprises.