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MIAMI-The loan is to convert The Victorian Plaza here into a condominium community called The Collins. The conversion is expected to cost Karlton, which recently purchased the building for $22.4 million, a little more than $20 million.
DETROIT-Even though Ramco-Gershenson's FFO dropped, total revenues increased, and the company head says acquisition and development is on track, with increases projected this year.
HOUSTON-One is an 8,418-sf structure at 2048 Wirt Rd. in the northern tier while the other is a 3,000-sf building at 23018 Aldine Westfield Rd. in the northwest. The smaller structure is getting a redo into an automotive body shop.
AUSTIN-Phoenix-Lamar stays in the north submarket, but takes a new address. The tech firm signs for 8,910 sf in Corporate Center, a 117,000-sf industrial building at 8868 Research Blvd.
PHOENIX-The Jewish News of Greater Phoenix looks around the market and then elects to stay put, adding 2,174 sf to its 4,874-sf office at 1625 E. Northern Ave. The renewal and expansion is valued at $581,488 over the contract's term.
PORTLAND-The change will result the airline leasing 32,000 sf in the PDX Cargo Center instead of its current 26,000 sf. The change also will result in Horizon's annual lease rate dropping to $8 per sf from the current average rate of $13 per sf.
ATLANTA-Locally based Lui Real Estate Investments LLC and Pioneer Merchant Square LLC think they have spotted a niche market in Cumming, GA with the purchase of Merchants Square Shopping Center, even though several major retailers have relocated to the east side of GA 400.
Building a global real estate business presents unique leadership challenges. This was highlighted by a recent Equinox Partners survey of European property…
DENVER-The area sees a significant decrease in multifamily construction permits. However, market forces prevail as enough new product will be built to supply demand.
WASHINGTON, DC-Redevelopment plans for the 44-acre Southeast Federal Center take a giant leap forward with the General Services Administration's recent selection of five contractors to compete for the massive mixed-use project.