St. Andrews Apartments

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    The new office building and research center will be located within Innovation Park at Penn State, a 1.4 million-square-foot development with 1 million square feet of space already completed.

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    CRE Brookhollow LLC has sold a two-story, 113,500-square-foot property in Arlington, Texas, to Arbor Hui LLC. Transwestern brokered the transaction on behalf of the seller.

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  • Monmouth Acquires East Dallas Industrial Facility

    Monmouth Real Estate Investment Corp. purchased a 352,000-square-foot industrial building in Mesquite, Texas. The property changed hands for $50.6 million.

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    The health care company moved to the newly refurbished 65 Grove St. in Watertown, Mass., minutes away from its former headquarters at 134 Coolidge Ave. NGKF and Commonwealth Standard Realty brokered the lease.

    22 May 2017 23:45
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    The company’s broker negotiated on behalf of both Wendover Village in Greensboro, N.C., and Cornelius Shops in Cornelius, N.C. The two leases total 2,820 square feet.

    08 May 2017 18:51
  • Morgans Hotel NYC Fetches $41M

    The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.

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  • Economy Watch: U.S. GDP Edges Up in Q1

    A 1.4 percent increase in U.S. real GDP for the first quarter of the year was down from the growth seen in the fourth quarter of 2016, according to the Bureau of Economic Analysis. But consumers remain confident about the state of the U.S. economy.

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  • ARA Nabs 846 KSF Atlanta-Area Industrial Asset

    The property sold by Trammell Crow is 100 percent leased to a subsidiary of Wayfair, one of the world’s leading online destinations for home goods.

    02 May 2017 11:34
  • Population Growth Sustains Demand in Nashville

    The city is slowly diversifying its economy, venturing from reliance on the entertainment industry. In response to the growing demand, developers are ramping up construction, with more than 13,000 units underway as of July.

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