The Develop Fulton Board of Directors unanimously approved a $538 million bond inducement for Project Nexus, a mixed-use economic development initiative. This project aims to transform a distressed property into a hub of economic and community development. Situated in Atlanta and East Point, the project…
Gilbane Development Company broke ground on Pique, a new purpose-built student housing development located at 2587 Telegraph Ave in Berkeley, CA, four blocks from the University of California Berkeley. Pique will transform the former Buffalo Exchange store into an eight-story residential building…
The Boulder Group, a net-leased investment brokerage firm, completed the sale of a single-tenant P.F. Chang’s located at 2361 Fountain Square Drive in Lombard, Illinois, for $4,782,500. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in…
CenterSquare Investment Management has announced a joint venture partnership with one of the country’s largest state pension funds. The joint venture is focused on institutionalizing the niche Essential Service Retail (ESR) sector and seeks to acquire 30 to 40 properties…
Gulf Coast Commercial Group spun off Baybrook Passage, a 189,334 square foot shopping center in Webster, southeast of Houston. The center, at 19425 Gulf Fwy., was acquired by SLS. Mark Witcher, Jolie Duhon, Chris Cozby, Jim Batjer and Harrison Tye…
When the word “medical services ” is mentioned, hospitals, ambulatory surgery centers, outpatient clinics and medical office buildings might come to mind. The increased need for healthcare has led to greater space demands in this sector in recent years. According…
A retail portfolio spanning 120 JCPenney stores across the U.S. could fetch more than $1 billion in what industry professionals are calling a rare offering for an institutional investor, CoStar reported. Newmark plans to list the 15.86-million-square-foot portfolio in 34…
Greenberg Gibbons paid $17.3 million for an 82,578 square foot shopping center in Tucker, just outside Atlanta. Northlake Square was the seller along with property management firm, Barnhart Commercial Management. Constructed in 1988, Northlake Square is 98% occupied with a…
Levine Properties, Northwood Ravin and Horizon Development Properties are working together on a $500 million redevelopment of the former Providence Square shopping center (photo). The total site encompasses 113 acres at the intersections of Old Providence and Providence roads and Sardis…
Newmark Retail secured a new 8,810-square-foot lease with Boggi Milano at the base of 527 Madison Ave., a class A boutique office tower located in Manhattan’s Plaza District. Vice chairman Jeffrey D. Roseman, senior managing director Caleb Petersen and director Drew Weiss represented landlord Mitsui Fudosan America. “The…
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