National
Dogwood Creek Sells for $26 Million; Hunters Trace Apartments Financed for $11 Million
By Eliza Theiss, Associate Editor New York-based Somerset Partners LLC has purchased Dogwood Creek, a 278-unit apartment community on Houston Levee Road in Collierville. G & I V Dogwood Creek LLC, a joint venture between Fogelman Venture Partners of Memphis and a fund managed by New-York-based DRA Advisors LLC, sold the community at a rate […]
Target’s New Lease Could Lead to Sale of 50 S. 10th Street
By Gabriel Circiog, Associate Editor Target Corp. could get the ball rolling in the downtown Minneapolis real estate market. After it recently reached a major lease agreement for 50 S. 10th St., local experts are expecting a chain reaction, Finance & Commerce reports. Target will lease all the rentable office space in the building, a […]
Klein & Heuchan Closes Sales of Tampa Bay Properties
Clearwater, Fla.-based commercial real estate firm Klein & Heuchan Inc. has made several appearances in the local press after mediating the successful sales of two commercial properties within the past week.
Kansas City Marriott Downtown Hotel Close to Completing $20 Million Renovation
By Gabriel Circiog, Associate Editor Kansas City’s largest convention hotel is nearing completion of its $20 million multi-year makeover. The most prominent phase of the Kansas City Marriott Downtown hotel renovation project is currently under way and it aims to transform the hotel’s traditional lobby into Marriott’s new “Marriott International Great Room” concept. The new […]
Community Bank Buys Back Condos; Staples Store Purchased by US Real Estate
By Eliza Theiss, Associate Editor Nine units at One One O’Six Lofts Condominiums have been bought back by Community Bank – North Mississippi for a reported $1.5 million. The buy also included 2,660 square feet of commercial property at 92 S. Main St. and 96 S. Main St. The purchased townhomes have an combined surface […]
CPM Development Plans Student Housing, Retail for Arby’s Site
By Gabriel Circiog, Associate Editor With around 49,000 students attending the University of Minnesota and residence halls able to accommodate only about 6,000 of them, it seems likely that a new student housing project could prove successful. Accordingly, Finance & Commerce reports that Minneapolis-based CPM Development is planning student housing and retail on a two-acre property […]
Colliers International Markets Trammell Crow’s SouthGate Tower
Colliers International has been selected by Trammell Crow Co. to market the developer’s SouthGate project, the first hotel and office project to be built in downtown Tampa in more than 20 years.
Connections Housing Project Breaks Ground and Aims to End Homelessness in San Diego
By Gabriel Circiog, Associate Editor Local business and city leaders have embarked on a new project that is aiming to provide permanent housing to San Diego’s homeless population. The Mission Times Courier reports the groundbreaking of the project took place on January 26 on the rooftop of a 6th Avenue parking structure. Guest speakers at […]
Construction to Start on Huge Housing Community in Hillsborough County
The Tampa Bay area is now one step closer to accommodating one of the nation’s largest housing communities, as construction is set to start on Waterset, a huge development in southern Hillsborough County.
The Greater Kansas City Chamber of Commerce Presents First ‘Big 5′ Update
By Gabriel Circiog, Associate Editor The Greater Kansas City Chamber of Commerce has released the first “Big 5” Update. As previously reported, the “Big 5” is a list of initiatives that will be the focus of the region in the coming years. Each initiative has “champions” attributed to them, who are responsible for bringing in […]