Property Management
Sourwine Real Estate to Deliver City’s First Speculative Office Project Since 2008
Sourwine Real Estate Services, a locally based three-generation real estate owner, developer and property management company, is about to complete the first speculative office building in the Indianapolis area since 2008.
MOB Occupancy and Rental Rates: Regional Trends
Driven by historic trends in demographics and healthcare delivery, the medical office building sector is one of the most vibrant specialties in commercial real estate. These charts offer a snapshot of current regional trends in MOB vacancy and rental pricing. For an in-depth look at managing healthcare-related properties, see “Strong Medicine” in the July issue of CPE.
Chatham Lodging Trust to Acquire Pittsburgh Hyatt Place for $40M
Chatham Lodging Trust has agreed to purchase the 178-room Hyatt Place Pittsburgh/North Shore near downtown Pittsburgh for $40 million. Scheduled for completion by June 17, the transaction is subject to customary closing requirements and conditions.
Cushman & Wakefield | Thalhimer Brokers Office Condo Sale, Local Colliers Chapter Increases Management Portfolio
Cushman & Wakefield | Thalhimer announced the sale of a Charleston County office asset for $340,000.
New York-Based Co. Buys Hope Valley Square in Durham for $7.7M
An affiliate of DNA Partners of Cold Spring Harbor, N.Y. has acquired the 40,524-square-foot Hope Valley Square retail center in Durham.
City to Build 100 Green Homes in North Minneapolis
Mayor R.T. Rybak and the City of Minneapolis are spearheading a project dubbed as the Green Homes North Initiative. The plan, scheduled to start this summer, calls for the construction of 100 green or energy efficient homes throughout north Minneapolis on City-owned vacant lots.
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.