National
Nationwide Insurance Opens Fortified for Safer Business Campus
Nationwide Insurance officially opened its new campus in Westover Hills, making it the first-ever FORTIFIED for Safer Business campus in the United States. The 280,000-square-foot sales and operations center was built to the Institute for Business and Home Safety’s disaster-resistance standards, meaning it is able to withstand disasters such as hurricanes, wildfires and windstorms.
Noble Investment Group Buys Embassy Suites Cleveland-Beachwood
Atlanta-based Noble Investment Group, a leading private lodging and hospitality organization, has purchased the Embassy Suites Cleveland/Beachwood hotel in Beachwood. It is the investor group’s sixth acquisition this year.
Remodeled Center to Become Maui’s First Outlet Mall
By Adriana Pop, Associate Editor In November, Honolulu Builders will begin work on the renovation of Lahaina Center on Maui. Called The Outlets of Maui, the project will include 10 existing buildings on 11 acres at 900 Front St. Upon completion, the remodeled center will become the island’s first outlet mall. The Maui News reports […]
KKR, Hines, Pinto Realty Partners to Develop 971-Acre Master-Planned Business Park
Kohlberg Kravis Roberts & Co. has teamed with Hines and Pinto Realty Partners to develop a 971-acre master-planned business park at the corner of Beltway 8 and Interstate 45 in Houston.
$36.8M Facility to Be Added to North Carolina Data Center Corridor
Merely weeks after Apple Inc.’s purchase of 200 acres in Catawba County, N.C. to consolidate its data center operations comes the announcement of another major investment for North Carolina’s growing information technology sector.
Shell Proposes $7.6 Million Payment Plan to Beaver County
By Adriana Pop, Associate Editor Royal Dutch Shell has proposed a payment plan to Beaver County officials that could bring local entities $7.6 million if the company decides to build a massive ethane cracker facility in the region. According to the Pittsburgh Post-Gazette, Shell’s proposed development had threatened to deprive the Potter Township and the […]
135,000 SF Greenbriar Business Park Changes Hands
Greenbriar Business Park, a 135,652-square-foot office and flex property located in Nashville’s Airport North submarket, recently changed hands.
Sentinel to Build Durham’s First Mega-Scale, Multi-Tenant Data Center
by Adriana Pop, Associate Editor Sentinel Data Centers of Massachusetts has announced it would build a 420,000-square-foot facility in Durham, the region’s first purpose-built multi-tenant data center for large-footprint users. The initial phase of the Sentinel NC-1 facility will deliver 120,000 square feet by early 2013. “We welcome Sentinel Data Centers to North Carolina as […]
Joint Venture Acquires 278-unit Class A High-Rise Apartment Building in South Loop
American Realty Advisors, in a joint venture with Naperville, Ill.-based Marquette Companies and Hunt Companies Inc., has acquired a 278-unit Class A high-rise apartment building in Chicago’s South Loop submarket.
Virtú Investments Picks Up SoMa Luxury Apartment Complex
By Alex Girda, Associate Editor Virtú Investments, a locally based real estate investment management firm, recently announced the purchase of a small apartment community in San Francisco’s SoMa neighborhood. The Station House Apartment Community is part of Mint Plaza, a mixed-use promenade area located in one of the most coveted spots of the city. Virtú […]