National
Wheeler Takes Ownership of Freeway Junction
Freeway Junction will change hands in the near future as Wheeler Real Estate Investment Trust Inc. announced that it has assumed the contract to acquire the shopping center for $10.5 million, or $66.63 per leasable square foot.
IKEA Completes South Florida’s Largest Solar Installation at Future Miami-Dade Location
IKEA recently announced the completion of South Florida’s largest solar array that will provide clean energy for its Miami-Dade store, which opens this summer in the city of Sweetwater, Fla. adjacent to the Dolphin Mall and west of Miami International Airport.
RADCO Pays $6M for 142-unit M-F Asset in Jenks
The RADCO Companies recently announced it has acquired Southern Slope, an apartment community in Tulsa, for $6 million in an off-market transaction from the lender.
Rolling Hills Hospitality to Develop 120-Key Hotel at Sharonville Convention Center
At the end of May, the City of Sharonville has signed a deal with Fort Mitchell-based Rolling Hills Hospitality Group to construct a first class hotel at the Sharonville Convention Center, the region’s only Silver LEED Certified, sustainable event facility. The project will cost $14 million. It is part of the transformation of the city’s Northern Lights Entertainment District and is expected to provide a boost to the local economy by attracting more conventions and trade shows.
Del Monte Warehouse in Alameda Set to Become New Mixed-Use Project by Tim Lewis Communities
Redevelopment is always a hot topic, especially when landmarks are involved. Tim Lewis Communities is reportedly set to breathe new life into an Alameda staple and turn it into a mixed-use community and new space on nearby land. Located along the Oakland-Alameda Estuary, the waterfront property in question is a former Del Monte warehouse that will be turned into a new community.
W.P. Carey Inc. Acquires $48 Million Distribution Facility
W.P. Carey Inc. recently announced it has acquired an 824,624-square-foot distribution facility just outside of Chicago. The property was purchased from Exeter Property Group for a total acquisition price of approximately $48 million.
ViaWest Opens New $208 Million Data Center
ViaWest has recently opened its latest Denver-area data center in order to meet the growing demand from companies for cloud computing.
City Planning Commission Green Lights First Holiday Inn Hotel in Downtown Pittsburgh
In a 6-0 vote, the City Planning commission has approved the construction of the proposed eight-story, 99-key Holiday Inn hotel in downtown Pittsburgh.
Philadelphia 76ers Will Finally Have Their Own Training Center, But in Camden
The Philadelphia 76ers will break ground on a new practice facility and headquarters building along the Camden waterfront in New Jersey.
A Wave of Shopping Centers Coming to Suburban Detroit in 2016
New England Development is set to create an open-air retail center in Romulus, a small-sized suburban city located 23 miles from Detroit and roughly half an hour from the Canadian border. Two other outlet malls are scheduled to open in the townships of Chesterfield and Canton in 2016.