National
Equus Capital Partners Takes 2 Scottsdale Office Buildings for $44M
By Liviu Oltean, Associate Editor Equus Capital Partners, Ltd. recently expanded its Scottsdale footprint with the $44.1 million acquisition of two Class A office properties for $44.14 million, 92 Mountain View and Scottsdale Gateway I. Totaling 223,131 square feet of space, the two-story buildings had a 96 percent occupancy rate under the previous ownership of […]
Iconic 530 Fifth Avenue Building Changes Hands for $595 Million
530 Fifth Avenue, one of Manhattan’s iconic office buildings, will change ownership in less than three months.
Boston Residential Development Plans 44-Unit Luxury Building Across from the Greenway
The small parking lot on India Street facing the Rose Fitzgerald Kennedy Greenway in Downtown Boston could be replaced by a 12-story residential structure by Boston Residential Development, who recently filed a Project Notification Form with the Boston Redevelopment Authority (BRA).
Kilroy Realty Corp. Reveals Plans for Mixed-Use Project in Hollywood
One of the most active commercial real estate companies in the Los Angeles market has unveiled plans for a large creative media mixed-use office campus at the recent Hollywood Economic Development Summit. Kilroy Realty Corporation will be developing its proposed project known as The Academy on a site acquired in Q4 of 2013 from The Academy of Motion Pictures Arts and Sciences. The site is an entire Los Angeles city block located between Vine Street, DeLongpre Avenue, Ivar Avenue and Homewood Avenue.
Cardiovascular Systems to Build New Corporate Headquarters
Cardiovascular Systems Inc. recently announced plans to build a new corporate headquarters in New Brighton, Minnesota.
WestRidge One Office Development Announces First Tenants
One of San Antonio’s oldest companies, Harland Clarke Holdings Corp. and its wholly owned subsidiary Harland Clarke, has chosen a new global headquarters. The selected property is part of the master office park located at 15955 La Cantera Parkway, owned by USAA Real Estate Company (“RealCo”) and developed in partnership with Patrinely Group.
River Spirit Casino Gets Makeover As Part of $335M Margaritaville Renovation
Prudential Detrick Realty recently reported that the River Spirit Casino is undergoing a full renovation which is estimated to cost between $15 and $20 million. The revamping plan will update the aesthetic of the building but will also add new amenities.
National Air Force Museum Starts $35M Expansion at Wright-Patterson AFB
The museum’s entire collection occupies more than 17 acres of indoor exhibit space. But this huge area seems to not be enough. At the start of June, the museum broke ground on a fourth building to house aircraft from the Presidential, Research and Development (R&D) and Global Reach collection, as well as a new and expanded Space Gallery.
JV Buys Large Industrial Building and Development Site in Baltimore County
AEW Capital Management, a Boston-based privately owned real estate investment manager, has recently formed a joint venture with Redgate Capital Partners, a private equity real estate investment firm also headquartered in Bean Town, to acquire a large industrial building and a development site in Baltimore County. The price of the transaction was not disclosed. Cassidy Turley arranged the sale.
Sunstone Hotel Investors Plans to Acquire Maui’s 544-Key Wailea Beach Marriott Resort for $326M
In an off-market transaction, California real estate investment trust Sunstone Hotel Investors Inc. has agreed to purchase one of Maui’s largest and most popular leisure destinations – the 544-key Wailea Beach Marriott Resort & Spa.