A medical office building portfolio belonging to a local hospital has traded for $162.8 million in a combined sale and partial leaseback transaction. New York City-based Healthcare Real Estate Capital terms it as the largest such transaction of its type.
Read more →In the midst of the industry-wide downturn, student housing has been one of the few niches to remain largely healthy. Capitalizing on that, Landmark Properties, Retreat Holdings and Chicago-based real estate private equity firm Harrison Street Real Estate Capital have formed a $100 million joint venture partnership to develop and manage new student cottage communities throughout the country.
Read more →Emdeon Inc. said plans to move its data center to a building to go up in the Airpark East commercial development off Crouchville Pike.
The Nashville medical-billing company will move into the 34,232 square foot building from space at its former corporate headquarters at One Century Place.
Broker Joel McAlister of Colliers Turley Martin Tucker in Nashville [...]
Off-campus student housing is one of the apartment industry’s most important niche markets and it has long been touted as recession-proof. Now, a new research report by the National Multi Housing Council seeks to determine whether the dramatic U.S. economic downturn has had an impact on enrollment and on-campus dormitory vacancy rates.
NMHC Special Student [...]
Locally based Fortune Data Centers will open the second phase of its “green” data center here within six months. The expansion is underway because its first phase, completed early this year and containing 43,000 square feet of fully powered IT floor space in a 78,000 square foot building, is at 100% capacity, according to Fortune [...]
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Los Angeles developer Urban Partners today announced that its flagship student housing development, University Gateway, is on schedule to open in August of 2010. The eight story, 421 unit modern student housing development is located steps away from the USC campus and will specifically cater to the needs and desires of today’s students. “This [...]
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A developer agrees to do something with the vacant Bridgeport site
Bridgeport’s Steelpointe Harbor has long been a poster child for the unfulfilled promises of developers, sitting as it does in full view of the never-ending traffic on Interstate 95. It is hard not to notice there are no shiny new condominiums being built as promised, [...]
Affluent leisure travelers interested in resort real estate strongly believe in the value of their vacations, as nearly nine in ten report that vacationing is important to their well-being and to the health of their personal relationships. They appreciate leisure travel experiences and activities such as spending time with family and friends, exploring unique and [...]
Read more →Taking advantage of falling prices for commercial real estate, the Health Care District of Palm Beach County plans to pay $6.1 million for a mostly empty office building west of Lake Worth.
The Health Care District’s board voted late Wednesday to sign a letter of intent to negotiate for the 98,544-square-foot Lake Worth Financial Centre at [...]
Pond View Professional Park, a 75,000-square-foot medical office complex, recently sold off more than half of its condominium suite space. The building is a joint venture of the Hampshire Cos., Pyramid Property Partners and Triad Development Co.
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