National
A&B Properties to Acquire Kahala Properties from Kawamoto
In an off-market transaction, A&B Properties, the real estate subsidiary of Alexander & Baldwin, has paid approximately $98 million to acquire a portfolio of 31 residential properties from Japanese real estate investor Genshiro Kawamoto. Twenty-seven of the properties are located on Kahala Avenue, Honolulu’s premier residential address, which spans along the ocean from Diamond Head to Waialae Country Club, home of the Sony Open, and the world-famous Kahala Hotel & Resort.
Kite Picks Up Shopping Center, While Whole Foods Sign Lease for Second Location
Kite Realty Group Trust, a full-service, vertically integrated REIT focused on neighborhood and community shopping centers has announced the acquisition of the 60,000-square-foot Toringdon Market.
Simon Property Group’s Barton Creek Square to Undergo Food Court Renovations
Simon Property Management, the Indianapolis-based real estate company that owns a fairly large percentage of retail space in Austin, has started the remodeling works at the food court in Barton Creek Square shopping mall. Completion of the project is scheduled for November 2013.
USGBC Awards LEED Gold to Iroko Pharmaceuticals Navy Yard Headquarters
The U.S. Green Building Council (USGBC) awarded a LEED Gold certification under the Core & Shell rating system to a state-of-the-art facility located at 150 Rouse Boulevard in Philadelphia’s Navy Yard Corporate Center, which stands as one of the largest collections of energy-efficient commercial buildings in the Greater Philadelphia area.
Former Cold Storage Facility in Pittsburgh will be Converted to Apartments
Sampson Morris Group is moving forward with its plans to redevelop the New Federal Cold Storage building in the Strip District into apartments. According to the Pittsburgh Business Times, the Monroeville-based developer has recently briefed the city planning commission on its proposal, which calls for 144 apartments and 158 interior parking spaces.
LEED Gold CBD Trophy Towers Sold in Nashville
Raleigh, NC-based Highwoods Properties has announced the acquisition of Nashville’s premier commercial high-rise, The Pinnacle at Symphony Place, a 29-story Class AA office tower located in Nashville’s booming CBD.
Moceri to Break Ground on $46 Million Residential Complex in Auburn Hills
A 21.5-acre city-owned property that has been sitting vacant for the past ten years will be turned into a $46 million residential development.
LSU Health Baton Rouge Opens New Urgent Care in Capital Region
A new urgent care medical facility is available for residents of the Capital Region. Located on Airline Highway, in North Baton Rouge, the new LSU Health Baton Rouge Urgent Care Center in North Baton Rouge has recently opened for patients as an alternative to hospital emergency rooms.
Highwoods to Develop MetLife’s Global Technology and Operations Hub in Cary
Raleigh-based Highwoods Properties has unveiled its plans to develop a $110 million office park for MetLife on Weston Parkway in Cary.
Moss Adams Leases 18,964 Square Feet of Office Space in Two Park Square
Right in the heart of uptown Albuquerque there are two 10-story office buildings with splendid views of the surrounding Sandia, Manzano, Jemez and San Mateo mountain ranges. Hines, the building developer, owner and managing company for the properties welcomed a new tenant to occupy 18,964 square feet the sixth floor of Two Park Square.