January 5, 2015 - CNL Buys Former Fossil HQ in TX
Orlando-based CNL Commercial Real Estate, Inc. announced this week that it had acquired what was formerly the Fossil Watch Headquarters at 2280 N. Greenville Ave. in Richardson, Texas. CNL purchased the property through a joint venture investment with CenterSquare Investment Management; terms of the deal, representation or a sale price were not disclosed. KDC sold [...]
January 2, 2015 - Technology’s Impact on CRE
The Baltimore Business Journal published an article today titled “5 ways technology is overhauling commercial real estate” in which author Alex Kopicki, co-founder and CEO of Kinglet, examines the major intersection between traditional commercial real estate and the fluid technology industry that will affect the way brokers and clients do business. Kopicki’s Top 5 list [...]
December 30, 2014 - Opus Group Building Spec Warehouses
The Opus Group, a family of commercial real estate development, construction and design companies headquartered in Minneapolis, will be building two new industrial warehouses in West Chester and Fairfield, Ohio. The company has not disclosed the cost of the projects, but it is likely a more than $15 million development. In an exclusive Cincinnati Business [...]
- Keystone Reinventing VEVA Office Park
Keystone Property Group, a commercial property developer and investor based in New York, unveiled its new plans this week for attracting tenants to VEVA, a 425,000-square -foot office complex in Blue Bell, PA. The newly redeveloped office park, formerly known as Sentry Park West, is made up of seven completely renovated mid-rise buildings surrounding a [...]
December 29, 2014 - Orchard Business Park Sold for $134/sf
PS Business Parks Inc., a a publicly traded full service real estate company based in Glendale, CA, announced this week that it had acquired Orchard Business Park in San Jose for $16 million, or $134 per square foot. PS Business Parks purchased the the 8-acre complex from Colony Capital in a transaction arranged by a [...]
December 26, 2014 - Canadian REIT Buys $69M US Portfolio
Granite Real Estate Investment Trust announced this week that it had purchased a portfolio of three properties from subsidiaries of Ingram Micro Inc. for $68.75 million. While representation or full terms of the deals were not disclosed, Granite did note in a press release that the investment would be funded with the company’s line of [...]
December 24, 2014 - DC’s West End Redevelopment Breaks Ground
Ground broke this week on the West End redevelopment in Washington, DC, a project that will bring a 21,000-square-foot library and 7,300 square feet of retail topped by 164 market-rate units and a new fire station. EastBanc Inc., a real estate redevelopment company headquartered in the historic Georgetown Post Office it purchased this fall, was [...]
December 23, 2014 - Circuit Tempe Conversion Begins
A 16.5-acre property previously housed a semiconductor manufacturing plant for Jabil Circuit in Tempe is getting a new life as conversions have begun to transform the space into a Class A office building geared toward millennials and creative users. CarVal Investors and EverWest Real Estate Partners purchased the dormant property this past July for $11.4 [...]
December 22, 2014 - Sam Houston Crossing I Sold to JV
A joint venture between Fuller Realty Partners and Independencia have closed on the purchase of Sam Houston Crossing I, a Class A office building in northwest Houston. The JV, named SH Crossing I, LP, purchased the property from Duke Realty Corporation and Chambers Street Properties. The building was marketed by HFF, which also represented the [...]
December 19, 2014 - Nakash Holdings Buys Setai in SoBe for $90M
Nakash Holdings, the investment company arm of the world-famous Jordache empire, announced that it is purchasing The Setai Hotel in South Beach, Florida. Terms of the deal and representation on the property that had previously been owned by the estate of Lehman Brothers Holdings Inc. were not disclosed. Built in 1936-1938 as the Dempsey Vanderbilt [...]
