Netrality Data Centers, a privately held owner and operator of core interconnection facilities, recently opened its latest data center facility, KC2-7801 Nieman, in Shawnee, Kansas. The 172,000-square-foot state-of-the-art facility located at 7801 Nieman Road is designed to serve as a hub…
Chicago-based Evergreen Real Estate Group has completed the Green Oaks of Valparaiso, a three-story, 120-unit assisted living community for low-income seniors in Valparaiso, Indiana. The $30 million project is located at 2550 W. Morthland Drive and includes 48 studio and 72 one-bedroom apartments. Evergreen Construction Company,…
New City Properties and Method Co. will open FORTH Atlanta, a $150-million, 16-floor development that will include a 196-room luxury boutique hotel with 39 apartment-style rooms dedicated for extended stays. The joint venture expects to open its doors in June 2024. There will be…
Grindr Inc. is opening a new office in Chicago, which will serve as the company’s primary global engineering hub. The LGBTQ+-focused social networking app cited strong financial performance throughout 2023 as a driver for the new office. Located at 230…
A company called Autoport is under contract to purchase a 400-acre timber tract owned by Jordan Lumber where it plans to spend more than $100 million to create the Uwharrie Motorsports Park and Resort. The resort will be in Robbins, on…
KHP Capital Partners has purchased a historic Charlotte building. The company paid $19.3 million for The Johnston Building, a 100-year-old uptown office building. Spaulding & Sly Investments was the seller. The Charlotte Business Journal reports Spaulding & Sly acquired the…
Matthews Real Estate Investment Services, a commercial real estate investment services and technology firm, represented the seller in the $7.795 million disposition of Enlightened Dispensary in Schaumburg, Illinois. Matthews Associate Alexander Machado, Associate Vice President Daniel Gonzalez, Associate Vice President…
Time Equities Inc. has acquired The Armory, a student housing property near Sam Houston State University (SHSU) in Huntsville, TX. The property, which features 145 units and 502 beds, was sold by Stonemont Financial, a real estate investment and development…
A joint venture between Songy Highroads and the Hyatt Corporation has obtained a $54 million loan from Deutsche Bank for the 218-room Hyatt Centric Buckhead Atlanta. Commercial Edge reports that the refinancing takes over for a $48 million Citizens Bank…
What to do with underperforming malls has vexed mall owners primarily since COVID-19. Besides shuttering sinking stores, owners have devised a plan that basically rigs them business. Build apartments and hotels on the property. CBL Properties and RaganSmith Associates have…
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