National
Silver Spring’s Shoppes of Burnt Mills Sold to Regency Centers in $13.6M Deal
Regency Centers Corporation has acquired the Shoppes of Burnt Mills. The Silver Spring shopping center traded for $13.6 million. Regency purchased the property from its developer, Bethesda-based Finmarc Management Inc., together with an undisclosed co-investment partner.
PREI Joins Dominion Realty to Develop $54M Charter Square Office Tower in Downtown Raleigh
Prudential Real Estate Investors (PREI) has entered a $54 million joint venture with Dominion Realty Partners to develop the first phase of the Charter Square speculative office project in Raleigh.
City Wraps up Sentinel Peak Improvements, Kicks off Tucson Birthday Month
Sentinel Peak Park, Tucson’s largest natural resource park, has undergone a series of important renovations and is now open to the public.
Jean Cocteau Cinema in Albuquerque Announces Grand Re-Opening
August 9, 2013 will put an end to seven years of darkness for the much appreciated Jean Cocteau Cinema in Albuquerque. Renowned George R. R. Martin, “in a fit of madness”, purchased the building in April of this year, having in mind the glorious years when the cinema was home to independent and foreign films, claiming for (another) seven years in a row the Best of Santa Fe award.
Jean Cocteau Cinema in Santa Fe Announces Grand Re-Opening
August 9, 2013 will put an end to seven years of darkness for the much appreciated Jean Cocteau Cinema in Santa Fe. Renowned George R. R. Martin, “in a fit of madness”, purchased the building in April of this year, having in mind the glorious years when the cinema was home to independent and foreign films, claiming for (another) seven years in a row the Best of Santa Fe award.
Resource Real Estate’s REIT Enters Agreement to Acquire Another REIT’s Portfolio for $52.7M
Resource Real Estate Opportunity REIT, a non-traded real estate investment trust sponsored by Resource Real Estate Inc. has recently announced that it has entered into an agreement and plan of merger to acquire Paladin Realty Income Properties L.P.
Vista Ridge Apartments Changes Ownership
Raia Properties sold Vista Ridge apartment complex to a private investment firm. The property is a 271-unti community located at 6522 Camp Bullis Road, Northwest of San Antonio.
Yesler Terrace Redevelopment Finally Launches with Green Light for First Private Project
One of the most ambitious neighborhood revitalization projects in the entire city of Seattle is finally seeing plans come through as the first private residential project in the community is set to break ground. Spectrum Development Solutions, one of the companies tasked with the repositioning of Seattle’s Yesler Terrace, has been given the green light for its Anthem multifamily project. Still dominated by its history as one of the public housing districts built during World War II, Yesler Terrace is set to become a greatly updated and augmented living community.
Work Starts on John Marshall High, One of Three New Schools Planned for Cleveland
July 18 marked the official start of construction of the new John Marshall High School at 3952 W. 140th Street. Mayor Frank Jackson, Cleveland Metropolitan School District CEO Eric Gordon, JMHS Alumni President Ken Tischler, and Cleveland City Council President Martin J. Sweeney were among those present at the groundbreaking ceremony.
Two Cincinnati-Area Retail Properties Sell; More Expected
The recovering Cincinnati economy is drawing investors to the market. Recently, two large multi-tenant assets have sold for a combined $75 million and Marcus&Millichap Real Estate Investment Services expects the sale of retail assets in the area to gain traction through the year.