Real Estate Blog

About three years after opening, the building at the edge of the SUNY Poly campus in Albany has eight tenants — and a large chunk of available space.

First United Bank and Woodbine Development have purchased Advancial Tower and plan to use the high-rise as the Oklahoma-based bank’s Dallas headquarters, The Dallas Morning News reported.

The partnership bought the 17-story, 147,000-square-foot building located at Woodall Rodgers Freeway and Akard Street from a group headed by restaurateur and real estate investor Mike Karnes, which has owned the 35-year-old property since 2015, the News reported.

The investment demonstrates the bank’s commitment…

A large Kansas insurance company will buy the soon-to-be-former offices of The Lawrence Journal-World.

Blue Cross Blue Shield of Kansas has a deal to buy the newspaper offices at 645 New Hampshire St., The Journal-World reports. The deal does not include the newspaper’s print plant on the north end of the block.

While the office could accommodate hundreds of Blue Cross employees, the insurer plans to use the building for flex office space and meetings — taking advantage of the location midway…

Two recently submitted but separate site review plans for Marcom Street in Raleigh

Color Art Sports, the sports division of St. Louis-based Color Art Palette, has won a subcontract to work on the $98 million South End Zone facility at the University of Missouri in Columbia's Faurot Field.

Company officials did not disclose the amount of the contract, through the project's construction manager, The M.A. Mortenson Co. of Minneapolis. Kansas City-based Populous is the project's architect.

Color Art Sports will manage the furniture, fixtures and equipment (FF&E) process at the new…

“We probably have more hotels in the pipeline here than any other market in the U.S.,” says a Marriott exec who moved here from Orlando.

“We are confident that once the courts make the decision, the arena will be built at Graceland,” said Joel Weinshanker, managing partner of Elvis Presley Enterprises.

The most expensive homes sold in Greater Baltimore last month span from a $1.1 million penthouse overlooking the Inner Harbor to a $3.1 million estate in Baltimore County.

The home at 3 Anton North Way in Pikesville was the most expensive sold in the area last month. It has five bedrooms, seven full and three half bathrooms, a gourmet kitchen, home theater, gym, a pool and patio.

The custom built home is located on 8.8 acres and includes a grand entrance with columns.

Charlie Hatter of Monument…

The Philadelphia Land Bank is set to take over the Vacant Property Review Committee, a city office charged with reviewing sales of city-owned real estate. The VPRC's activities have been frozen after reports emerged of undervaluation of land and political interference in real estate deals involving the city.

Now, the VPRC is set for an operational takeover by a newer city department, established in 2015 as a central office for vetting buyer interest sales of city land, WHYY reports.

The city…

A Dallas-based residential property management company has entered the Alabama market.

ResProp Management is providing full-service property and construction management for Avalon Park in Auburn.

Avalon Park is a manufactured home community composed of 217 mobile homes with two- and three-bedroom layouts. Amenities include a swimming pool, 24/7 fitness center and gated access.

Since 2010, Resprop has managed more than 17,000 apartment homes in Florida, Texas, Arizona and Colorado. It…