News
Hess Tower Sale Could Set New Record
By Georgiana Mihaila, Associate Editor
As the brand new Hess Tower hits the market; speculation has it that the tower could set a new record for the Houston commercial market. Real estate experts estimate that the 29-story building could fetch as […]
Private Developers and Local Officials Make Up Willoughby Park Missing Funds; 31 Penn Station Tower Sold to Savanna
By Veronica Grecu, Associate Editor
The public park at Willoughby Square in Downtown Brooklyn will receive $8 million from private developers and local officials who teamed up to give a helping hand to this stalled project. According to the Brooklyn Daily […]
Magnolia Homes boasts new community in Collierville
By Amalia Otet, Associate Editor
Collierville emerges once more as one of Memphis’ strongest submarkets as new housing projects are coming to fruition.
Germantown, Tenn.-based Magnolia Homes is currently working on its newest development in the heart of Collierville, called Village Park. […]
Two Chicago-Area Office Buildings to Change Hands
By Veronica Grecu, Associate Editor
ChicagoRealEstateDaily.com reports that Wakefield, Mass.-based Franklin Street Properties is about to close a transaction for a six-story office building located at 909 Davis Street in Downtown Evanston. According to sources familiar with the deal, the sale […]
South Florida’s Central Station Kicks Off
By Georgiana Mihaila, Associate Editor
Tuesday, September 27 marked the construction start for the first complete transportation hub in South Florida—work began on the Miami Central Station. Florida Department of Transportation Secretary Ananth Prasad joined local officials and representatives of Amtrak, […]
Edge, HSBC Get 100% Ownership in Times Square’s 1540 Broadway
After acquiring a 49 percent stake in 1540 Broadway last November, Edge Fund Advisors has partnered with HSBC Alternative Investments to take the remaining 51 percent stake in the 907,000-square-foot Times Square property.
Developers to Add Over 630 Units to Austin’s Housing Stock
By Camelia Bulea, Associate Editor
A new 16-story tower with 277 luxury apartments will be built in downtown Austin. Riverside Resources is planning to develop the high-end residential project, which will replace the former Whitley Printing Co. building.
In addition, another residential […]
Duke Energy Celebrates New HQ Opening at Duke Energy Center
By Amalia Otet, Associate Editor
Duke Energy recently opened its new corporate headquarters in the most sustainable skyscraper in America, the Duke Energy Center in uptown Charlotte at 550 S. Tyron St. The energy giant leased 500,000 square feet on 22 […]
Phillips Edison, CBRE JV to Purchase $200M of Grocery Assets
Phillips Edison, a shopping-center REIT, and CB Richard Ellis have jointly invested $102 million in equity for the purchase of grocery-anchored shopping centers nationwide.
MetLife Makes $550M in Loans for Class A Properties in San Fran, D.C.
MetLife has originated a $300 million loan for San Francisco’s Bank of America Center and an additional $250 million in loans for the Washington Square Building in Washington, D.C.