National
Lionstone Group Grabs Landmark Office Tower in Houston’s CBD
The Lionstone Group completed the acquisition of 712 Main Street in Houston’s CBD, in a deal that marks the first time the landmark property has been offered for sale on an individual basis since its construction in 1929.
TDI Breaks Ground on Las Colinas Luxury M-F, Opens High-End Community in Allen
TDI Real Estate has broken ground on Jefferson Las Colinas, a 386-unit luxury multi-family community in Irving, a top-performing Dallas submarket.
AFL-CIO BIT to Sell Five-Building Portfolio in Tysons Corner
In August, 2011, the AFL-CIO Building Investment Trust added a five-building portfolio in Tysons Corner to its Washington, D.C.-area properties. Now, the trust is looking for buyers for the same portfolio.
LATA Acquires Sunshadow Apartments in Casselberry
Landmark Apartment Trust of America, Inc. announced Thursday that it has acquired Sunshadow Apartments in Casselberry in conjunction with three other multifamily properties located in Florida, Texas and Alabama, through two separate transactions totaling $98.2 million.
Ken’s Foods Increasing Storage Capacity in Atlanta Metropolitan Area
Ken’s Foods Inc. is expanding its Metro Atlanta operations by acquiring a warehouse in Henry County. The depository will soon be used as a regional distribution center.
Holiday Inn Greenlit Despite Protests
Developer Hardial Sibia’s plan to build a four-story, 93-guest room Holiday Inn Express in Boynton Beach has been approved Tuesday after six years of opposition of senior citizens who reside at the nearby Palm Beach Leisureville, within a few blocks from the site.
Velocis Forms Partnership With Moors & Associates Through the Acquisition of Two Office Buildings
A new partnership has formed between Bethesda, MD-based Moore & Associates and Dallas-based Velocis Fund. The latter acquired the majority interest in two Class A office buildings: Arboretum Atrium at 9737 Great Hills Trails and Las Cimas I at 804 Las Cimas Blvd; the properties total 170,000 square feet.
Southern Apartment Group Relocates HQ; Hyatt Opens in Luxury Condo Project
Southern Apartment Group, a major player in the Metrolina multifamily market, has announced the relocation of its corporate headquarters to the rehabbed historic Grinnell Water Works Building.
Liberty Acquires 2 Tempe Industrial Buildings as Part of $1.5B National Deal
Liberty Property Trust acquired two industrial buildings in Tempe as part of a larger deal that added 177 properties to the company’s national portfolio and expanded its industrial platform by approximately 23 million square feet.
New Office Product Nears Debut as Job Picture Brightens
By Alex Girda, Associate Editor As office rents stabilize and surge of new office product approaches the Las Vegas market, a new study confirms that local economic fundamentals are continuing to improve. Employment improved to the tune of a 2.3 percent increase in payroll, reflecting the creation of 19,300 jobs over the past 12 months, […]