National
Luxury Apartments at the Ovation Nearly Sold Out
At a time when most developers feel the need to lower prices in order to sell units, the developer of Ovation—JMC Communities—can pride itself on the achievement of selling all but four of the 45 luxurious units at the original 2006 asking price.
Hines Signs 15-Year Lease at La Jolla Commons Campus
By Gabriel Circiog, Associate Editor The San Diego office of international real estate firm Hines has recapitalized its 12.3-acre premier mixed-use La Jolla Commons campus. Hines also executed a 15-year lease for a new 415,000 square foot office building which will be built on the campus located in San Diego’s University Towne Centre area. The […]
DST Plans to Redevelop the Lyric Theatre into a Federal Training Facility
By Gabriel Circiog, Associate Editor The Lyric Theatre could be redeveloped into a federal training facility after the Kansas City Council passed a request for $27 million tax increment financing. However, the Kansas Business Journal reports that the Federal Aviation Administration has not yet decided where to move its Center for Management and Executive Leadership, currently […]
Parkway’s Fund II Buys The Pointe for $47M
Along with the sale of 111 East Wacker Drive in Chicago and that of Atlanta’s Falls Pointe, Parkway Properties Inc. has announced the purchase of The Pointe in Tampa for $46.9 million.
MG Properties Group Expands Portfolio; Marcus & Millichap Brokers Sale of Sabre Springs Business Park
By Gabriel Circiog, Associate Editor MG Properties Group has acquired a 168-unit multifamily property in the university district of San Marcos, according to RenTV.com. The property, Barham Villas Apartments, was purchased from New York-based TGM Associates L.P. for an undisclosed amount. The property features a mix of one- , two- and three-bedroom apartments and MG Properties […]
Clearwater Home to New Colliers National Student Housing Group
Colliers International has officially announced the launch of its National Student Housing Group, to be led by two of the nation’s top student housing real estate brokerage professionals, Dorothy Joffe Jackman and Travis Prince.
Grandview TIF Commission is Reviewing Two Redevelopment Proposals for Landmark Truman Corners Shopping Center
By Gabriel Circiog, Associate Editor Two plans have emerged for the redevelopment of the Truman Corners Shopping Center, the deteriorating suburban landmark. The Kansas City Star reports that the Grandview Tax Increment Financing Commission is reviewing two proposals. Truman Corners, located off U.S. 71 at Blue Ridge Boulevard, opened in 1957 and was deemed one of […]
Ancestry.com, CLEARLINK Lease Office Space in Orem
By Alex Girda, Associate Editor In one of Utah County’s biggest recent Class A office leases, a pair tenants have taken a total of 54,000 square feet at Canyon River Office Park in Orem. As reported by utahbusiness.com, CLEARLINK and Ancestry.com have expanded to 727 North 1550 East, a four-story property. The transaction is a […]
FCA Completes 2011 Buying Streak with 212 Tampa Units
FCA Group, the North and Central American real estate investment and property management arm of global conglomerate the Libra Group, has announced that the company’s 2011 investments are now up to $75 million, following the recent purchase of 212 residential units in Tampa.
City Buys Old Farm Site; SkiLink Could Unite Resorts in Larger Recreation Network
By Alex Girda, Associate Editor The city of Farmington has acquired a foreclosed development site, having received approval for funds from the city’s redevelopment agency as well as two other funding sources. The development, known to locals as Old Farm, was bought from OREO Corp. Mayor Scott Harbertson termed the acquisition “very important” and noted that […]