News
Makeover Planned for Downtown New Orleans
By Amalia Otet, Associate Editor
Hotel Le Cirque, one of the pieces that literally adds color to the historical district of New Orleans, is about to get a facelift.
The lodging facility famous for its multicolored light show enchanting visitors every night […]
Major Office Deal Takes Place in Hollywood, Possible Trend Forming
By Alex Girda, Associate Editor
A massive real estate deal was closed this week for the entertainment office building at 6922 Hollywood Blvd. The 12-story building traded hands between former owner CIM Group and Hudson Pacific Properties. The commercial real estate […]
Work on Avon Clinic Nears Completion
By Adrian Maties, Associate Editor
Work on Cleveland’s Avon Family Health & Surgery Center is nearing completion. Soon, the $97.9 million will be finished and will be able to receive patients. Dr. Joseph Knapp, medical director of the Westlake Family Health Center, […]
Cincinnati Has High Hopes for Fifth and Race
By Adrian Maties, Associate Editor
Cincinnati city officials have high hopes for the two-acre site at the northwest corner of Fifth and Race streets, one of downtown’s prime locations. After many years and nearly $14 million in city investment, the corner […]
Schnitzer Sells 900 KSF in Two Trophy Seattle Office Buildings for $480M
Schnitzer West has walked away with $480 million on the disposition of two recently developed Seattle office buildings, totaling 900,400 square feet, courtesy of JP Morgan Asset Management.
U-Store-It Trust Sells 1 MSF Midwestern Storage Portfolio for $43.5M
Moving forward with its goal of restructuring its portfolio to focus on high-barrier-to-entry markets, U-Store-It Trust has sold a 976,000-square-foot portfolio in Indiana and Ohio for $43.5 million.
Dees Stribling’s Economy Watch Weekly
August usually isn’t this interesting, and Economy Watch reporter Dees Stribling tells us why — for the week ending August 12, 2011.
Long Beach Apartments Install Fuel Cells, Solar Panels
The nonprofit firm LINC Housing installed two fuel cells at the Long Beach-based Palace Hotel, in addition to solar panels, to help the building’s energy footprint.
Peloton Makes Houston Debut with Office Portfolio Purchase
By Georgiana Mihaila, Associate Editor
Peloton Capital Partners teamed up with an Austin-based real estate private equity firm for the acquisition of a five-building, 347,258-square-foot office portfolio that marks the firm’s first foray into Houston. The purchase is part of an expansion […]
Hoyt Wins 7-Year Battle To Develop Loring Park Condos
By Camelia Bulea, Associate Editor
Persistence is paying off for developer Brad Hoyt, who won Minneapolis City Council approval on Aug. 5 to develop a scaled-back version of a condominium project he originally proposed in 2004. Hoyt plans to break ground shortly […]