National
CenterPoint Energy Announces Acquisition of New Facility; Hines REIT Sells $67M Portfolio
Houston, Texas-based CenterPoint Energy recently announced it has closed on the purchase of a new 100,000-square-foot facility in Minneapolis. Located at 505 Nicollet Mall, the new location will house over 300 natural gas employees from two locations, but primarily from leased space at LaSalle Plaza.
KB Home Acquires 78-Acre Lot for New Mirabel Community
A new community of single family homes is scheduled to enter the construction phase starting this September, northwest of San Antonio, at the base of the Texas Hill Country, and along the IH-10 corridor. Mirabel will spread on 78 acres, recently purchased by renowned homebuilder KB Home and is expected to hold the groundbreaking event in spring of 2015.
Portland Residential Community Trades Hands for $50M
A California-based multifamily investment firm recently completed the acquisition of a Portland, OR asset, as HFO Investment Real Estate reports. According to the investment brokerage firm, the Monterey Springs Apartments in Clackamas County traded hands for a total fee of around $51.25 million. HFO was in charge of arranging the transaction on behalf of both the buyer, and the seller, a private equity group from the Midwest.
Trulia Study Ranks Ohio Cities High for Affordable Housing
Are you a middle-class American looking to buy a home? Head to the Midwestern United States and make sure you stay away from California. In a recently released study, real estate research firm Trulia took a look at the 100 largest metros in the country and listed the least and most expensive housing markets for today’s middle class.
JV Acquires Fair Oaks Plaza in Fairfax
A Class-A office building in Fairfax has changed hands recently. Parkway Properties sold the Fair Oaks Plaza to a newly-formed joint venture for an undisclosed price. The joint venture consists of Los Angeles-based Coretrust Capital Partners and Normandy Real Estate Partners, of Morristown, New Jersey.
FiDi Luxury Rental Tower ‘The Lara’ is Almost Fully Leased
The Lara, one of the newest rental buildings in Manhattan’s Financial District, is already 90 percent occupied after only four months on the market.
New Owners to Develop 450-Key Hotel at Graceland; Motel Sold by Developers
Graceland is about the get a major expansion.
Flats@44, Flats@22 Add to Chelsea’s Wave of Mixed-Income Rental Projects
As rents continue to soar in Boston’s top rated neighborhoods, a wave of residential developments in the suburb of Chelsea promises a more diversified apartment market for those looking for mixed- to low-income housing options.
Vision Ventures, Mount Vernon Sells EpiCentre to CIM Group for $130.5M
HFF announced closing the sale of The EpiCenter a 305,147-square-foot mixed-use entertainment in Charlotte’s city center.
Colliers Arranges Land Deal for The Olson Company, New Residential Development Set-up in Temple City
A parcel of land that formerly housed in industrial facility in Temple City in the San Gabriel Valley is set to be transformed into a new housing community by Orange County-based The Olson Company. The home builder recently acquired the land parcel with the help of real estate firm Colliers International.