National
W. P. Carey Buys Self-Storage Property in Greater Orlando
W. P. Carey Inc. took a dynamic start this year, having recently announced that one of its publicly held non-traded affiliates, CPA®:18 – Global acquired two Florida self-storage facilities last month, one of which is located in the Greater Orlando, Fla. area.
Meda Consumer Healthcare Signs 11KSF Sublease in the Cumberland Area
The Meda Consumer Healthcare division of Meda Pharmaceuticals Inc. recently signed a sublease with Schawk Inc. for 11,041 square feet of office space in a building located at 1100 Circle 75 Parkway NW, in Atlanta.
Construction Started on 252,000 SF Industrial Project at Flagler Station
Site work on Building 34 at Flagler Station business park has kicked off recently as Flagler Global Logistics entrusted Miller Construction Company with the development of a new 252,000-square-foot industrial warehouse facility designed by the international architectural firm Ware Malcomb.
Ares Management Fund Acquires 33-Acre Warehouse in Morrisville for $26.9M
A real estate fund affiliated with Ares Management in Los Angeles has recently purchased the largest warehouse in Wake County, namely the 33-acre 900 Aviation property in Morrisville.
La Posada Lodge & Casitas Joins Choice Hotels Ascend Hotel Collection
Ascend Hotel Collection has recently added La Posada Lodge & Casitas along with four other domestic hotels to its portfolio.
Walmart Develops Two Neighborhood Markets in the Albuquerque Area
With about 300 Walmart markets throughout the country, the retail giant is in the process of adding two more in New Mexico: one in Albuquerque and the other in Rio Rancho, reports the Albuquerque Journal. New Mexico has four Neighborhood Markets, three in Albuquerque and one in Rio Rancho, and thirteen Supercenter Stores.
Apartments and Boutique Hotel Coming to Queen Village
An entire that comprises 13 buildings spanning from the corner of 5thand Bainbridge to Kater Street in the neighborhood of Queen Village immediately south of Center City will soon be replaced by an interesting mix of apartment buildings and an upscale boutique hotel.
Friedman-led JV Grabs 430 KSF at Arboretum Office Park
Arboretum Office Park, a 600,000-square-foot business complex located at 34405-34605 W. Twelve Mile Road in Farmington Hills, was almost fully sold to a private partnership called Arboretum Acquisitions LLC.
Allegheny County Health Department Site to Bring New Apartments and Offices in Oakland
MWK Forbes LLC is planning to develop apartments and offices at the site of the Allegheny County Health Department in the city’s West Oakland neighborhood.
State Funds Community College Expansions in Metro Nashville
As part of its Drive to 55 program, the state of Tennessee will provide over $100 million in community college projects throughout the state, including $65.4 million to two Metro Nashville community colleges, announced Gov. Bill Haslam in his recent State of State address.