National
Marathon Oil Tower Changes Hands; First Building Complete in Noble Energy Campus
Greenwich, Connecticut-based Hanover Real Estate Partners completed the sale of Marathon Oil Tower, one of Houston’ most iconic office buildings, to CBRE Strategic Partners
Eden Prairie Center Acquired by Cypress Equities
Dallas-based Cypress Equities recently announced the acquisition of the 1.1-million-square-foot Eden Prairie Center. The transaction was acquired by a fund managed by Cypress’ real estate investment management group which has acquired over $300 million of retail properties in 2013.
TCC, Prudential Break Ground in South Dallas; McKinney to Get $38M Sheraton Hotel
Trammell Crow Company and joint venture partner Prudential Real Estate Investors have broken ground on a 823,379-square-foot speculative industrial project in Southern Dallas County.
Alexandria’s Virginia Village Sold for $68M
Another apartment community in the Washington Metro area, one of the best apartment markets in the nation, has changed hands in a multi-million dollar deal. Fieldstone Properties has paid $68 million for Virginia Village, in Alexandria, Virginia.
Caesars, Gansevoort Part Ways on $185M Bill’s Gamblin’ Hall Makeover
By Alex Girda, Associate Editor, and Paul Rosta, Senior Editor Caesars Entertainment’s $185 million makeover of Bill’s Gamblin’ Hall & Saloon is going forward without one of its original partners. In response to concerns raised by Massachusetts regulators about an investor’s alleged links to Russian crime syndicates, Gansevoort Hotel Group is stepping away from its […]
Zeller Realty Plans Sale of Large Office Complex in Carmel
Chicago-based Zeller Realty Group is planning to divest the iconic Meridian Mark Plaza office complex along the North Meridian Street corridor in Carmel. The Indianapolis Business Journal reports that the company has hired the local office of CBRE to advise it on the sale.
Monsanto Breaks Ground on $400M Chesterfield Village Research Center Expansion
Monsanto Company recently held an event to mark the beginning of the Chesterfield Village Research Center expansion. The company’s global hub for research and development and agricultural innovation is currently undergoing a $400 million expansion which was first announced in April 2013. The expansion project will create 675 new jobs in St. Louis over the next three years.
University of Dayton’s $53M GE Aviation EPISCENTER Is the Best Economic Development Project in Ohio
The $53 million, newly constructed GE Aviation EPISCENTER(Electrical Power Integrated System Center) on the University of Dayton’s campus is slated to open this December 13. But the facility, finished in August, is already impressing. On October 24, the Ohio Economic Development Association, a not-for-profit association of professionals whose, recognized it as the best economic development project in the state Ohio, in 2013.
Site Work Has Begun on Darden HQ Hotel
Darden Restaurants’ headquarters already has a gym, and a cafeteria with take-home meals. The company giant recently started development on its long-awaited headquarters hotel project too.
Newland Buys Foreclosed 1,100-Acre Master-Planned Community in Wake County
San Diego-based Newland Communities has acquired the long-stalled Wendell Falls residential and commercial project in eastern Wake County. The NewsObserver reports that the developer paid $34 million for more than 1,100 acres of land that Wells Fargo foreclosed upon in 2010.