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PHILADELPHIA-Cincinnati-based based trustee L.J. Shapiro sells the 100,000-sf, 25-year-old shopping center in the northern Cincinnati suburb of Forest Park for $2.28 million to Mendos Inc., which plans a significant upgrade. Anchors are Family Dollar and NAPA Auto Parts.
ATLANTA-The Charlotte-based developer joins Cincinnati, OH-based Robert Rhein Interests in a 470-acre planned community that will include a 240-acre business park, 30-acre retail village, 40-acre multifamily complex and up to 700 Rhein-built single-family homes adjacent the 2,000-acre Ballantyne development.
ATLANTA-The Charlotte-based real estate company has hired Cathleen Hardman from Aurora, CO-based ProLogis to provide strategic planning and compliance services for all federal, state and local taxation issues for the company's $700-million portfolio.
PHILADELPHIA-The Long Island-based UPREIT pays an average $82.40 per sf for two Giant Eagle grocery-anchored centers in Cleveland and one in Columbus anchored by a Big Bear Supermarket. The seller is Pepper Pike, OH-based Visconsi Companies.
ATLANTA-The Charlotte-based UPREIT pays Newark, NJ-based Prudential Insurance Co. $66,551.72 per unit for the 290-unit complex on Lake Norman in Cornelius, NC. The facility was completed in 1996 and is 95% leased at an average rental of $835 a month.
ATLANTA-With the signing, locally based Creditor Resources takes the two-building Perimeter 400, class-A office facility to 98% occupancy. Local area brokers tell GlobeSt.com the estimated aggregate value of the five-year lease is $3.54 million. The average quoted rent is $21 per sf.
ATLANTA-Seven separate leases, valued at an estimated $8.22 million and ranging from 12,700 sf to 2,800 sf, are filling the 21-story, 560,000-sf, class-A building in Buckhead that was completed late last year by New York-based Trizec Properties Inc. Average rental rates range from $26.90 to $28.12 per sf.
PHILADELPHIA-Although it has failed to negotiate new terms with the carpenters union in an attempt to eliminate labor problems that have plagued the Convention Center, the center's authority heads for Harrisburg with a last-minute plea for $232 million for expansion.
ATLANTA-Funds averaging $56,470 per unit are awarded to the contracting division of Charlotte-based Crosland Inc. for development of Kimberly Park II, a 170-unit affordable housing project on 17 acres, or about four city blocks in Winston-Salem, NC.
PHILADELPHIA-The Largo, FL-based drug store chain leases a 415,000-sf, single-story building at Penn Warner Industrial Park in Fairless Hill, PA previously occupied by Toys R Us. Owner Equity Industrial Properties is retrofitting the space for Eckerd's November move-in.
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.
Download ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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 ResourceFrom TheGuarantors
Renter default is a critical challenge. This report, based on a survey of 400+ multifamily professionals, reveals key trends, economic drivers, and mitigation gaps to help you build resilience in 2025. You'll gain insights into the root causes of renter default, the operational strains it can put on your portfolio, and strategies you can leverage to protect your investments and maintain stability.
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