Cities
Cole Real Estate Investments Acquires Hillshire Brands Company Headquarters for $97.5M
Cole Real Estate Investments has recently announced the acquisition of The Hillshire Brands Company headquarters on behalf of Cole Corporate Income Trust Inc. for $97.5 million.…
Continue reading →Median Home Values in San Francisco Hit $1M Mark in April as Single-Family Housing Heats Up
Good news for the area’s housing market as a recent report from the San Francisco Association of REALTORS indicates that prices have escalated and are now reaching new heights. The SFAR has revealed that according to sales data from April, San Francisco’s median home prices have now surpassed the $1…
Continue reading →Lightstone Buys Baton Rouge Hotels for $15.6M
Lightstone Value Plus Real Estate Investment Trust, Inc. (LVPR) has recently acquired two Baton Rouge hospitality assets, paying $15.6 million for two Marriott-branded hotels: a Courtyard by Marriott hotel and a Residence Inn by Marriott property.…
Continue reading →Amstar and Allied Realty to Break Ground on 332-Unit Luxury Apartment Project in Central Denver
Locally-based real estate investment manager, Amstar has partnered with Allied Orion Holdings, a Texas- and Colorado-based apartment developer, and recently announced it will start construction on a 332-unit apartment project in the Highlands/Jefferson Park neighborhood of Denver, Colorado. The project, dubbed 2785 Speer is scheduled to break ground this month…
Continue reading →PrivatePortfolio Group Pays $68M for Scottsdale M-F Complex; $40M Student Housing Project Nears Completion in Tempe
In a $68.3 million deal, PrivatePortfolio Group LLC of Seattle has acquired Crown Court Apartments, a 416-unit multi-family property in Scottsdale. Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE Group Inc.’s Phoenix office represented the seller and structured the transaction. The property was 95 percent occupied at the time of…
Continue reading →The Right Legislative Moves Could Be Nevada’s Saving Grace
By Alex Girda, Associate Editor Recent real estate market reports regarding Nevada’s housing situation indicate that the long-awaited recovery could be postponed as average prices have dipped for the last few months. Residents and developers are waiting for a way out of this situation and a serious initiative is now under…
Continue reading →Providence Clearly a Fan of Parks as Master-Planned Community Unveils Second Public Spot
By Alex Girda, Associate Editor The Providence master-planned community situated in the northwest part of the valley has recently inaugurated its second park. The community, located at 10695 Dorrell Lane, has now unveiled two parks that will benefit area residents, with another one in the pipeline. The Providence developer, John Ritter…
Continue reading →WinCo to Open Two Las Vegas Stores; Overall Home Sales Have Hit Record Highs in 2011 as New Home Sales Plunged
By Alex Girda, Associate Editor WinCo Foods is about to open two brand new stores in the Las Vegas area with a tentative opening slated for March of this year. One of the two stores is being rapidly developed at the Stephanie Street and Wigwam Parkway location. The Las Vegas Sun…
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