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Cincinnati Office Market Registers Fourth Consecutive Year of Positive Absorption
Cincinnati’s office market has seen four consecutive years of positive absorption. During the last quarter of 2014, 59,876 square feet was positively absorbed by office users in the area, pushing the total for the year to 23,630 square feet.
American Realty Capital Acquires Seniors Housing Asset for $71.3M
American Realty Capital has acquired a Class A seniors housing asset located in Katy, Texas, via an HFF-brokered transaction.
Whitsett Plans to Convert 190,000 SF Former Indianapolis Star HQ into Apartments
The Whitsett Group is planning to redevelop the Indianapolis Star’s downtown headquarters into apartments. According to the Indianapolis Business Journal, the company has recently acquired the 190,000-square-foot property at 307 N. Pennsylvania Street and its 500-space parking garage from Star’s parent company, Virginia-based Gannett Co. Terms of the transaction were not disclosed.
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