National
Welcome Home Center Open in Wortham Oaks by Lennar San Antonio
A new Welcome Home Center is open in North Central San Antonio, at 22307 Akin Doe. Lennar, one of the nation’s leading homebuilders, introduces the Oak Knoll Collection in Wortham Oaks.
Vancouver Apartment Community, Portland Industrial Facility Trades Mark Week
The Pacific Northwest has had a good week as a number of deals perfected across the region continue to indicate the fact that the local real estate market is currently thriving. A recent press statement announced the acquisition of The Villas at Bridge Creek, an apartment complex in Vancouver, WA, by Peak Capital Partners from seller Kingsbury LLC. This week also saw a deal perfected for the Portland Terminal Facility, as CorEnergy Infrastructure Trust, Inc. paid a fee of $40 million for the property.
Westin Cleveland Downtown to Open in May
The Westin Cleveland Downtown hotel will open this May in Cleveland’s downtown financial district following a $64 million renovation. It will have a new look and a new general manager. Recently, the ownership has hired Mark Anderson to lead the hotel in operations and guest services.
Demand for Greater Cincinnati Industrial Space Strongest Since 2005
2013 has been an excellent year for the Cincinnati industrial market. As companies snatched up more and more space, rents increased and vacancies dropped, reaching pre-recession levels.
Bella Vita Place Community Sold for $11.6M
The 192-unit apartment complex in the northwestern submarket of Orlando changed hands just recently, with Miami-based Rivergate Partners acquiring the property for $11.6 million.
First Miami International Tradeport Warehouse Completed
Liberty Property Trust’s Miami International Tradeport initiative reached an important milestone as the commercial real estate leader started the New Year by celebrating the completion of the industrial park’s first warehouse.
Oak Coast Buys Multifamily Asset in Duluth
Oak Coast Properties and Investors Management Group announced the acquisition of Promenade at Berkeley on January 14. Located in Duluth, Ga., the 492-unit apartment community was sold for $33.7 million by Northwoods Lake Partners LLC.
HID Global Opened New World Headquarters and North American Operations Center
HID Global recently announced the opening of its new world headquarters and North American operations center at 611 Center Ridge Drive in North Austin’s Tech Ridge area.
Tennessee Billionaire Acquires Over 3,000 Acres of Land on Kauai
Tennessee billionaire Brad Kelley has recently purchased over 3,000 acres of agricultural land on the island of Kauai, the Pacific Business News reports. Lihue-based Grove Farm Co., which is owned by AOL founder Steve Case, sold the property for an undisclosed amount. The land is located in the Puhi area of Lihue.
W.P. Carey Expands Houston Footprint with 22-Story Office Acquisition; New Hyatt Place Opens in The Woodlands
W. P. Carey Inc., a real estate investment trust specializing in corporate sale-leaseback financing, build-to-suit financing and the acquisition of single-tenant net-lease properties, announced two acquisitions completed on behalf of its managed REITs at year-end 2013.