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MIAMI-Real estate investment trust Equity One Inc. continues to pursue its strategy of acquiring properties in the high-growth South Florida region with the recent purchase of the Shops at the Meadows for $8.9 million. Publix anchors the 75,500-sf shopping center.
WOODLAWN, MD-The Social Security Administration has signed on to temporarily occupy the 145,800-sf property that was once a Sam's Club. After remodeling the property, the organization will relocate some of its workers to the space until the multi-million renovation of its headquarters is complete.
BOCA RATON-Crocker Realty Trust sells off its remaining 4.3 million-sf portfolio to SCH Corp, which assumes $199 million in debt as part of the deal. Neither party is disclosing the exact purchase price for the group of 89 buildings.
WASHINGTON, DC-The Madison Hotel gets a new owner with pension fund Multi-employer Property Trust's reported $80-million acquisition of the luxury property and its adjoining office building. A 30-million renovation is planned.
WEST PALM BEACH-The South Florida Science Museum's new Science and Discovery center is on the road to becoming a reality as the Quantum Foundation presents a $500,000 grant for the $40 million project. The money will be matched by a $10 million challenge grant.
RICHMOND, VA-Two Paragon Square, a 142,500-sf Class A building built in 1989, sells for $14.8 million to Plymouth Meeting, PA's Brandywine Realty Trust. The acquisition is in line with the company's investment strategy of purchasing Class A properties in its core markets.
WASHINGTON, DC-The $42-million Ellington Plaza development in the District's U Street area gets under way this month with developer Donatelli & Klein Inc. spearheading the project. Upon its 2004 completion, Ellington will offer a 186-unit apartment building with parking and 15,000-sf of retail space.
ROCKVILLE, MD-Federal Realty Investment Trust decides to sell 1.9 million common shares of beneficial interest to Wachovia Securities. The real estate company plans to use the expected $49 million in net proceeds for current redevelopment projects and acquisitions in metropolitan markets.
WASHINGTON, DC-The US House of Representatives passes the Brownfields Redevelopment Enhancement Act, which will simplify the process of qualifying for federal assistance for brownfields cleanups in small communities.
BALTIMORE, MD-Public Storage Inc. opens its new 99,700-sf facility in the 500-acre Carroll Camden Industrial Park area at the facility's recent grand opening celebration. The three-story property underwent an $8 million upgrade and now houses 726 units of storage space.
From Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
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Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download ResourceFrom Building Engines
How do your building operations measure up? Use this detailed scorecard to evaluate your operational approach across five key areas.
Download ResourceFrom TheGuarantors
Skyrocketing economic uncertainty means it’s essential for multifamily owners and operators to strengthen risk mitigation capabilities. Discover expert insights from industry experts, including the President of NMHC, to tackle 2025 challenges such as slower lease-ups, cost pressures, renter fraud, high reliance on concessions, and more.
Download ResourceFrom Placer.ai
Dive into the data to explore domestic migration patterns over the past four years -- and uncover states and metro areas emerging as relocation hotspots in 2025.
Download ResourceFrom Assurant
Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.
Download ResourceFrom Placer.ai
Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!
Download ResourceFrom Placer.ai
Discover which 10 retail and dining brands are positioned for potential growth in 2025, and three surprise contenders that could make a major impact.
Download Resource