National
Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings
Liberty Property Trust recently announced it has renewed leases with five tenants, totaling 277,495 square feet of industrial space.
Phillips Edison-ARC Shopping Center REIT Inc. Acquires Three Grocery-Anchored Shopping Centers, Including Golden Town Center
Phillips Edison-ARC Shopping Center REIT recently announced the acquisition of three grocery-anchored shopping centers. The acquisitions will expand the REIT’s presence in Maryland, Colorado and Minnesota and bring the total number of properties acquired by the company in the last quarter to 14.
Hines REIT Agrees to Purchase the Howard Hughes Center from Blackstone Group
With 2013 all but over, the Los Angeles real estate market looks set to end the year with a huge headliner as one of the largest office asset acquisitions that the city has seen this year is set to take place. The media has been buzzing over the past week with news that Hines Real Estate Investment Trust Inc. has agreed to purchase the Howard Hughes Center from current owner Blackstone Group LP for a fee of $506 million.
25 K Sq. Ft. Retail Condominium in Manhattan Sold for $50 M
As the Manhattan commercial real estate market is blooming, a retail condominium on Upper West Side changed hands last week in a $50 million transaction.
$45 M Expansion Project to Add 94 Rooms to Hotel Commonwealth
The owners of the Hotel Commonwealth located in Boston’s historic Kenmore Square at 500 Commonwealth Avenue received the green light for a $45 million expansion project that will increase the building’s existing capacity of 149 guest rooms by 60 percent.
Joint Venture Acquires Baltimore Area 500-Unit Multifamily Portfolio
Two weeks ago I wrote about two Howard County communities, totaling 348 units, which traded for almost $68 million. Now, two more garden-style apartment communities and a high-rise apartment building in the Greater Baltimore area are welcoming new owners.
LEED Platinum Certified Paseo Verde Opens in Philadelphia
One of the city’s much-anticipated “green” housing projects officially opened last week at the corner of 9th and Berks Streets in the Temple University area, shortly after it was featured on the GreenBuild 2013 tour roster.
REDICO/American House Break Ground on 84-Unit Senior Living Center
Real Estate Development and Investment Co. (REDICO) of Southfield, MI, and its affiliate American House Senior Living Communities are creating a senior living community in Grosse Pointe Farms, a suburban town located roughly 13 miles from Detroit.
Hotel d2 and Cobblestone Plan New Hotels in Connellsville and Millvale
As part of its Community Hotel Development Initiative, Hotel d2 Services has partnered with Wisconsin-based Cobblestone Hotels LLC to develop two new properties in the Pittsburgh region. According to the Pittsburgh Business Times, a new 54-room hotel is slated to rise in Connellsville, while another 51-room development is planned for Millvalle.
Cushman & Wakefield |Cornerstone and Pat Emery Win Bid for Convention Center Redevelopment
Things are starting to take shape for Nashville’s former convention center: Mayor Karl Dean has selected a project spearheaded by Cushman & Wakefield |Cornerstone and iconic local developer Pat Emery to redevelop the location replaced by the 1.2 million-square-foot Music City Center which opened earlier this year.