The new Northstar Commuter Rail line is slated to be fast, with peak speeds nearing 80 miles an hour. But real estate development along the corridor is likely to unfold slowly.
In the city of Anoka, there are drawing board plans for what’s being billed as the Commuter Rail Transit Village in an area surrounding that [...]
Mary Black Bldg. on Skylyn Drive To Sell for Nearly $16.3 Million
Healthcare Trust of America Inc. signed an agreement to acquire the 108,500-square-foot Mary Black Medical Office Building, at 1650 Skylyn Drive, on the campus of the Mary Black Memorial Hospital in Spartanburg, SC. The sale price is set at $16.25 million, or about $150 [...]
BlackSwan interview with Chris Bodnar from cj follini on Vimeo.
Read more →With the sudden collapse of the residential real estate market in recent months, many people have chosen to invest in self storage facilities. These facilities offer several advantages over investments in residential or other commercial real estate opportunities. These advantages include low monthly maintenance costs, high profit potential, and the general ease of ownership. Unlike [...]
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The growing importance of electric power is remaking the business of leasing data center space, with megawatts replacing square feet as the primary benchmark for real estate deals.
“Our business is all about leasing access to power,” said Michael Foust, the CEO of Digital Realty Trust, the largest data center developer landlord. “The square footage is almost secondary [...]
Healthcare Trust of America Inc. has purchased a 66,400-square-foot, three-story medical office building in Englewood for $18.6 million.
Scottsdale, Ariz.-based Healthcare Trust — formerly Grubb & Ellis Healthcare REIT Inc. — is a private real estate investment trust that buys medical offices, hospitals and assisted living facilities. It owns about 6.4 million square feet of space [...]
In this “Expert Opinion” interview, Curt Schaller discusses the formation of his new private equity investment company with partner Paul Froning, the types of investment opportunities they will be looking at, the time horizon for these investments and why this is a great time to be a buyer.
Curt Schaller is a co-founder and principal of [...]
FFO of $0.18 per Share Exceeds Company Guidance
U-Store-It Trust (NYSE: YSI) announced its operating results for the three months ended September 30, 2009 and announced the closings of transactions related to its capital raising initiatives including closings of property dispositions, secured loans, a joint venture transaction and a follow-on equity offering.
“We ended the third quarter [...]
When OnRamp Access LLC sold a majority stake in its data center business in October, it was more than an exit strategy for its initial investor. The deal underscored the demand for remote computing power and storage — a business fueled by cloud computing.
Yet industry observers say the demand is putting pressure on providers to [...]
Legend Senior Living has broken ground on a 66-unit assisted living facility in Topeka, the first component of what will be known as the Legend at Capital Ridge.
Legend Senior Living CEO Tim Buchanan said the facility will have 51 private assisted living apartments and 15 memory care units that will have their own common dining [...]
