National
$14M Walmart Supercenter Opens in New Orleans
A new Walmart recently opened at 4301 Chef Menteur Highway, making the Gentilly Walmart the second store the big box retailer has opened this year in the Crescent City.
Bluetooth’s Home in Kirkland Acquired in $30M Deal
The building that houses Bluetooth’s current headquarters was sold this week in a deal worth approximately $31.5 million. Buyer American Realty Advisors out of Glendale, CA, paid the purchase fee to former owner Talon Private Capital for the Kirkland office building. Known as Waterfront Place, the property claimed a record-breaking per-square-foot price for the area, with the Puget Sound Business Journal reporting a rate of $604 per square foot.
Trader Joe’s Buys 76-acre Brownfield Site for Distribution Center
Approximately 76 acres of land located on the east side of Interstate 95 changed hands recently, Consolidated-Tomoka Land Co. announced.
Radco Purchases Two Metro Atlanta Communities for $33.2M from Fannie Mae
RADCO’s founder and CEO, Norman J. Radow has recently announced the $33.2 million acquisition of two metro Atlanta residential properties from Fannie Mae, totaling 553 units. The 439-unit Keeneland Farms and 114-unit Brown Ridge will soon undergo maintenance and rebranding.
Three Major So-Fla Developers Join Forces to Acquire Hollywood Waterfront Site
The Related Group, 13th Floor Investments and Key International teamed up to acquire a waterfront site in Hollywood, Florida. The joint venture plans to build a mixed-use condominium-hotel on the property.
Westminster Village to Build ‘Hybrid Homes’ Combining Apartment, Single-Family Home Living for Seniors
Westminster Village has celebrated the groundbreaking of a new 54-unit senior care community at 1741 N. Salisbury in West Lafayette, on a site previously occupied by IU Health Arnett.
Clinton National Airport’s Concourse Prepares for $20.6M Renovation
In 2007, the Little Rock Municipal Airport Commission authorized a study to determine the feasibility of constructing a new terminal that would cater to projected passenger demands and regulatory requirements. The study showed that instead of building a new terminal, the demands could be better met through an extensive renovation project.
Crescent Opens Model Home at 83-Site Master-Planned Community
Chapel Cove, Crescent Communities’ master-planned community on the shores of a Lake Wylie cove, is moving along with development.
Murdock Plaza Becomes Part of Tishman Speyer’s Office Portfolio
A West Los Angeles office asset recently traded hands as developer, operator and manager Tishman Speyer move to acquire the property known as Murdock Plaza. The new owner is most likely set to carry out a renovation process in order to update the asset located at 10900 Wilshire Boulevard. The financial terms of the transaction were not disclosed but real estate data provider PropertyShark.com has the property valued at approximately $85 million. However, industry estimates place the transaction value at around $120 million. Back in 2007, the property traded for a similar fee, having been acquired for $125 million.
Officials Unveil Major Brownfield Redevelopment Project at Pittsburgh International Airport
A public private partnership involving Pennsylvania, Allegheny County and the Allegheny County Airport Authority is planning the construction of an international trade center complex right next to Pittsburgh International Airport.