National
Bakery Square Expansion Plans Move Forward
by Adriana Pop, Associate Editor The city planning commission has approved a zoning change for the Bakery Square 2.0 mixed-use project planned for the site of the former Reizenstein School in Pittsburgh’s East Liberty section. A final approval is now expected from the city council. Plans call for more than 400,000 square feet of office, […]
Atlanta Investors Shaking Up Nashville Apartment Market
By Eliza Theiss, Associate Editor Two of the multifamily’s biggest moves in the Nashville market of late have come from Atlanta-based operators. First, there was the groundbreaking of the 200-unit ParkCentral on Centennial Park, which was followed by the sale of the 220-unit Velocity in the Gulch. Located at 320 11th South Ave., Velocity in […]
Hamilton Partners to Buy 57-Acre Kraft Foods Office Campus
By Gabriel Circiog, Associate Editor Itasca-based developer Hamilton Partners has signed a contract to purchase Kraft Foods Inc.’s office campus in north Glenview and Morton Grove, ChicagoRealEstateDaily.com reports. The 57-acre suburban property, located at Gold and Waukegan roads, includes two buildings with around 500,000 square feet of office space. Hamilton Partners plans to redevelop the […]
Hilton Garden Inn Sells for $12.4M at Auction; K. Hovnanian Buys Meadow Lakes
By Adrian Maties, Associate Editor The Hilton Garden Inn Cleveland Downtown will soon have a new owner. JPMCC 2006-LDP7 Carnegie Avenue L.L.C., a representative for the current mortgage holder, submitted the winning bid at a sheriff’s auction on the morning of Aug. 27, The Cleveland Plain Dealer reported. Standing 11 stories tall, the hotel opened […]
Neyer Properties Adds Sharonville Office Buildings to Portfolio
By Adrian Maties, Associate Editor Neyer Properties recently acquired One and Two Crowne Point in Sharonville, as part of its plan to increase its real estate holdings. The Evanston-based real estate development company has been working on closing the deal for some time now. According to the Hamilton County auditor’s Web site, the former Miller-Valentine […]
HFF Brokers $59 Million Ground Lease of 177 Huntington Avenue
An affiliate of Beacon Capital Partners, LLC has signed a 99-year ground lease for 177 Huntington Avenue, an iconic 26-story office tower located in Boston’s Back Bay neighborhood. Holliday Fenoglio Fowler, LP (HFF), a leader in commercial real estate and capital market services, exclusively represented the owner—The First Church of Christ, Scientist—and the trustees of Church Realty Trust in this $59 million transaction.
Integra, L2C and Brandmovers, All Move to New Digs
Within the past week, Atlanta’s commercial real estate market was marked by three relocations, as both Integra Realty Resources and L2C, Inc signed new leases, while Brandmovers has finished its new Northside Drive headquarters.
Baltimore High-Rise Office Buildings Going Up For Auction
By Adrian Maties, Associate Editor Two office buildings in Baltimore’s central business district are expected to be auctioned off in the following months. The two properties are the Calvert Center at 225 N. Calvert Street and the office building at 1 N. Charles Street. The Calvert Center is a 17-story office building located between the […]
Historic State Savings Bank Building to be Replaced by Parking Garage?
By Veronica Grecu, Associate Editor Canadian entrepreneur and real estate investor Andreas Apostolopoulos has caused quite a stir among architectural preservationists after revealing tentative plans to create more parking space in Detroit’s Financial District by tearing down one of the city’s historic buildings. Located at 151 Fort Street, the State Savings Bank structure was built […]
Kinder Morgan Tower Hits the Market; HFF Hired to Market the 1 MSF Building
Following Hines’ recent announcement that the company is looking for a buyer for its iconic Williams Tower, another high-profile Houston office tower has hit the market.