National
55 KSF Former Nursing Home on Market in Trendy Bywater
If you were charmed by the assisted living center to high-end apartments redevelopment of St. Anna’s, here’s your chance to try and try your hand at a similar project.
Dallas Developer Makes First Foray into Pacific Northwest with West Seattle M-F Project
Dallas-based real estate firm Trinsic Residential Group has broken ground on its first residential project in the Pacific Northwest. The company is working on a development located in West Seattle, thus making its debut in the market. With Seattle’s apartment market going well and a large number of units currently in the works to fulfill growing demand, new investors have set their sights on the city in order to cash in on the trend.
Devonshire REIT Buys Beachwood’s Pavilion Shopping Center for $35M
Devonshire REIT, Inc. announced on Monday, June 16, the addition of a new grocery-anchored power center to its 44-property portfolio. The real estate investment trust paid $35 million to acquire the Pavilion Shopping Center, located in the Cleveland suburb of Beachwood. Huntington Bank provided financing for the transaction.
Regency Centers Plans Kings Park Shopping Center Expansion
The Washington, D.C., retail sector is enjoying a good 2014. The steady job creation and strengthening sales activity have encouraged local retailers to expand. And Regency Centers, a national owner and developer of grocery-anchored shopping centers, is doing just that. The company announced on Monday, June 16, one of its shopping centers in Northern Virginia will be getting an updated facelift, enhanced common areas and structural expansion.
Walmart to Open New eCommerce Fulfillment Center in Plainfield
Walmart, the world’s largest retailer, will locate an e-commerce warehouse and distribution center in Plainfield, where it plans to create up to 303 new jobs by 2016.
Oakhaven Apartments Sold for $2.5M; Owner Files $22M Loan on Collierville Community
Somerset Park Apartment Homes, a 496-unit apartment community in Oakhaven has been recently sold for $2.5 million
Lash Group Plans to Locate New, 250,000-Sq.-Ft., Headquarters in Charlotte Metro
AmerisourceBergen Corporation subsidiary Lash Group, Inc. has announced plans to develop a new national headquarters to accommodate rapid growth and consolidate operations currently divided into several locations.
Holiday Inn Resort Lake Buena Vista Sold
ROCH Capital has recently acquired the Holiday Inn Resort Lake Buena Vista from Vista Hospitality Company. The new owners commissioned Portfolio Hotels to manage the asset.
Two Norcross Communities Get $22M Bridge Loan for Renovations
Centre at Peachtree Corners and Summit at Dawson obtained a $22 million bridge loan that will facilitate the exterior and interior renovation, as well as the reposition of the two residential properties into affordable Class A assets. Pembrook Capital Management LLC closed the transaction on behalf of the borrowers, Five Mile Capital’s joint venture with Audubon Communities.
Luxury Condos at The Edge on Brickell Hit the Market
The Edge on Brickell condominium has announced that it is launching sales. The project is the only new luxury residential development on the waterfront of Miami River.