Property Management
Erwin Square Plaza in Downtown Durham Changes Hands
In a $37.5 million deal, Federal Capital Partners of Maryland has acquired the 10-story Erwin Square Plaza office building in downtown Durham from National Asset Services, Inc. of Los Angeles. Ben Kilgore at CBRE represented the seller in the transaction.
14-Story Office Tower Sold; Energy-Efficient Affordable Housing Opens
Dean Tower, formerly known as the Republic Tower, located on Florida Boulevard at Cloud Drive, has been sold.
Block Plans $100M Industrial Development on Agricultural Site
Block Real Estate Services Inc. recently closed on the sale of a 118.5-acre Lenexa site which is set to be transformed into a $100 million industrial development.
Alco Properties Accesses $4.7M Refinancing Loan for Apartment Property
Leading operator of affordable housing, Alco properties Inc./Alco Management, Inc. has filed a $4.7 million loan on Greenbriar Apartments, refinancing a comparable 2010 loan
Franklin Street Properties Closes on Acquisition of 43-Story Office Tower in Denver CBD
Wakefield, Mass.-based Franklin Street Properties recently announced its acquisition of a 43-story office tower and a 9-story parking garage in the central business district of Denver, Colorado. The two properties were acquired by the real estate investment trust for a purchase price of $183 million. Continue reading →
Cole Real Estate Investments Acquires Hillshire Brands Company Headquarters for $97.5M
Cole Real Estate Investments has recently announced the acquisition of The Hillshire Brands Company headquarters on behalf of Cole Corporate Income Trust Inc. for $97.5 million.
Providence Clearly a Fan of Parks as Master-Planned Community Unveils Second Public Spot
By Alex Girda, Associate Editor The Providence master-planned community situated in the northwest part of the valley has recently inaugurated its second park. The community, located at 10695 Dorrell Lane, has now unveiled two parks that will benefit area residents, with another one in the pipeline. The Providence developer, John Ritter was quoted by The […]
ULI Special Report: Across the Generations
While the Baby Boomers and Gen Y sit at opposite poles, that doesn’t make it necessary to choose between them as targets for housing or retail. In fact, according to analysis at last week’s Urban Land Institute Spring Meeting, the two groups—those in the process of entering the ranks of seniors and their children—complement each other.