National
Bandera Ventures to Build 300,000-SF Warehouse in Seguin
By Camelia Bulea, Associate Editor Two Caterpillar suppliers will lease about 300,000 square feet of space in Bandera Ventures’ planned warehouse building in Seguin, just east of San Antonio. The new tenants are Gray Interplant Systems and FCA Packaging, which have already signed on as tenants. Gray Interplant Systems will provide logistical support services, while […]
Dornin Investment Group Acquires Royal Oaks Senior Apartments
By Gabriel Circiog, Associate Editor Dornin Investment Group has purchased Royal Oaks Senior Apartments, a garden-style apartment community located in San Marcos, according to rentv.com. The 122-unit complex was built in 2003 and is operated as an age-restricted community for residents 55 and older. Slated as an affordable housing project, 10 percent of the units are […]
$414 Million Cerner Corp. Office Development Ready for Groundbreaking
By Gabriel Circiog, Associate Editor After several months of site preparation, the new Cerner Corp. office development is ready for its groundbreaking, according to The Kansas City Star. Located south of State Avenue, between Village West Parkway and Interstate 435, in western Wyandotte County, the 58-acre site will feature two nine-story office towers. Gould Evans came […]
New Orleans Adolescent Hospital to Sell; $35M Overhaul for John McDonough High
By Eliza Theiss, Associate Editor The Children’s Hospital of New Orleans has confirmed plans to buy the dilapidated New Orleans Adolescent Hospital (NOAH) at 210 State St. in Uptown. The Times-Picayune reports an expected selling price of $35 million that will generate much needed funds for the state’s public hospital budget . Children’s Hospital has […]
Allied Realty Services and Amstar Plan Luxury Apartment Community
By Gabriel Circiog, Associate Editor A new luxury apartment community is planned for Denver’s Jefferson Park neighborhood. Allied Realty Services Ltd. and Amstar have announced plans to build the 332-unit community on a site near Interstate 25 and Speer Boulevard. The ten parcels of land, totaling 4.5 acres, were acquired by the two companies over […]
Monmouth Acquires $16.2M Industrial Facility; Mall of Memphis Site Goes Industrial
By Eliza Theiss, Associate Editor Freehold, N.J.-based Monmouth Real Estate Investment Corp. has purchased a 234,660-square-foot industrial facility in Olive Branch’s Metro Industrial Park for $16.2 million, reports the Memphis Business Journal. The Class A, built-to-suit facility located at 8644 Polk Lane is near another building owned by Monmouth that is currently under a 10-year […]
Luxury Parc Huron Apartment Tower to be Sold for $110 Million
By Gabriel Circiog, Associate Editor An affiliate of Dallas-based L&B Realty Advisors LLP has agreed to purchase the luxury Parc Huron apartment tower for $110 million, Chicagorealestatedaily.com reports. The 221-unit building, located at 469 W. Huron Street in the River North neighborhood of Chicago, will be sold by local developers Tony Rossi, Thomas Moran and […]
Local Beer Distributor Buys 96-Acre Tract in St. Petersburg
In one of the largest land sales in the Tampa Bay area in recent years, Great Bay Distributors Inc.—one of Florida’s largest distributors of Anheuser-Busch products—has purchased a 96-acre tract in north St. Petersburg for $9.8 million. The company plans to build a distribution facility and warehouse on the site at some point in the future.
Southern College of Optometry Announces $9.4 M Expansion
By Eliza Theiss, Associate Editor Southern College of Optometry (SCO) has announced a $9.4 million plan to add a new building to its midtown campus. The project will be college’s most ambitious undertaking since The Eye Center, a state-of-the-art eye-care clinic that opened in 2002. The new 23,016-square-foot facility will be located behind the 11-story […]
United Airlines Could Unite Downtown Offices in Willis Tower
By Gabriel Circiog, Associate Editor The parent company of United Airlines is pondering uniting the company’s downtown offices under one roof at Willis Tower, Chicagorealestatedaily.com reports. Sources say that United Continental Holdings Inc. is searching for tenants to fill the 250,000 square feet it currently leases at the United Building, located at 77 W. Wacker […]