National
Swedish Retailer IKEA Announces Plans for a 380,000 SF Store in St. Louis
Popular Swedish retailer IKEA recently announced it is submitting plans to the City of St. Louis for a store that will increase its presence in the Midwestern United States. A Kansas City-area store is already under construction and is on track to open in the fall of 2014 in Merriam, Kansas.
Deal to Sell AutoZone Has $20M Price Tag and $20M Improvements Commitment
Things are heating up the Bluff City with what could be the most high-impact deal for the city reaching the 11th hour: the sale of the AutoZone Park and Memphis Redbirds minor league baseball team and franchise.
Howard Hughes Master-Planned Community Achieves LEED-ND Platinum Rating
The Howard Hughes Corporation’s massive Ward Village mixed-use residential community in Honolulu has been awarded LEED Neighborhood Development Platinum certification.
Hines Tapped to Manage 1001 McKinney; Groundbreaking Set for Mid-Main Project
Silverpeak Real Estate Partners and Cameron Management tapped Hines, the international real estate company, to handle property management for 1001 McKinney, a 23-story building in the heart of downtown Houston.
Grandbridge Finances $27.8M Senior Living Development
Charlotte, N.C.-based Grandbridge Real Estate Capital LLC, a subsidiary of Branch Banking and Trust Company, recently announced it has closed a $27,820,000 first mortgage construction/permanent loan secured by The Waters on Mayowood.
Harwood to Break Ground on Class AA Uptown Tower
Global real estate developer and investor Harwood International plans to break ground on Frost Tower, a 22-story build-to-suit office project in Uptown Dallas. The naming tenant, Frost Bank, is Texas’ premier banking, investments and insurance company with more than $21 billion in assets.
Washington Post HQ to Be Sold for $159M to Carr Properties
The Washington Post, the most widely circulated newspaper published in the District, changed its owner this year and it seems it’s getting ready to also change its location. Graham Holdings, the daily newspaper’s former owner, has recently announced it will sell the headquarters building in downtown Washington, D.C. to Carr Properties, a local real estate investment company.
Colliers International Brokers $1.4 Million Industrial Sale
RL MIT LLC has purchased 2175 Premier Row in Orlando, a freestanding industrial building that more investors have set eyes on. The sale, led by Colliers International agents, was worth $1,393,600.
Connecture Signs 28.3 KSF Class-A Office Lease at 55 Allen Plaza
A full story will fill in at 55 Allen Plaza as Connecture Inc. signs an 11-year lease of 28,299 square feet of office space in the building that has reached an occupancy rate of 93 percent. Lincoln Property Company Southeast’s Tony Bartlett and Andy Sumlin of Cushman & Wakefield represented the landlord and Carla Williams and Jeff Samaras of Cushman & Wakefield spoke for the tenant in the transaction.
Miami Worldcenter Adds Macy’s and Bloomingdale’s Stores to New Mall
Miami Worldcenter Associates, The Forbes Company and Taubman Centers Inc. have recently announced an agreement for a Macy’s and a Bloomingdale’s store to anchor the new Mall at Miami Worldcenter.