News
Acacia Takes First Hill Complex for $61M; Regence BlueShield Puts HQ on the Block
By Alex Girda, Associate Editor
An affiliate of Acacia Capital Corp. of San Mateo has wrapped King County’s second-largest multi-family trade of the year: the $61 million acquisition of the 351-unit property at 1000 Eighth Avenue in First Hill, the Seattle Times reported. The property showed a tidy upside […]
Minneapolis healthcare projects unfold; $50 million birth center breaks ground
By Camelia Bulea, Associate Editor
As it does elsewhere in the U.S., the health sector in Minneapolis and St. Paul is running counter to the nation’s economic doldrums. A $50 million birth center is scheduled to break ground this summer on the Minneapolis campus […]
Dees Stribling’s Economy Watch Weekly
Economy Watch reporter Dees Stribling offers insights on CPE Radio into the top economic news for the week ending July 15, 2011: “An 800-lb. gorilla called Default would beat up the economy pretty badly if it gets loose.”
New Housing and Lifestyle Developments in Boston Metro Area
By Veronica Grecu, Associate Editor
Everett city officials are evaluating four proposals to acquire or lease and redevelop the 3.9-acre site of a former high school. Though the city’s initial request didn’t specify how the property should be used, all four proposals include affordable, market-rate […]
307,700-SF Orange County Building Trades for $70M
Office property values are ticking up, but steal-of-a-deal transactions have not disappeared entirely. Case in point: The approximately 307,700-square-foot office tower at 2600 Michelson Drive in Irvine, Calif., just sold for $70 million.
Residential and Office Rents Increase in NYC
By Veronica Grecu, Associate Editor
A report by Citi Habitats, New York’s largest rental residential brokerage, shows that the city’s rents continued to increase in the second quarter while vacancy rates have fallen to a historic 0.72 percent in Manhattan. Average […]
Incentives to Offset Residential Housing Include Smoke-Free Apartments
By Veronica Grecu, Associate Editor
A series of incentives meant to stir things up in the Chicago residential market may prove to be quite attractive for prospective renters or home buyers.
According to the International Business Times, Bank of America plans to […]
Aventura Optima Plaza Seeking Tenants; Construction Starts for The Building
By Georgiana Mihaila, Associate Editor
The Aventura Optima Plaza, the first local project for Mexican developer Ariel Bromberg, is seeking tenants one year before completion; Colliers International South Florida has been hired as the exclusive agent, with Executive Vice President and […]
Scottsdale’s Promenade Trades for $110M, Marking One of Arizona’s Largest Shopping Center Deals
The Promenade, a 730,000-square-foot shopping center near Phoenix, has come under new ownership in a $110 million transaction that marks one of the largest shopping center sales in Arizona’s history.
Grayco Offers Max Stipend to Residents to Relocate
By Camelia Bulea, Associate Editor
Southeast Austin’s Shoreline Apartments are due for demolition and will be replaced with a project containing 1,200 apartments and up to 97,000 square feet of street-level retail. Grayco Partners first proposed the demolition in 2009, but […]