Real Estate Blog
Austin real estate developer pledges $1 million to help homeless
The company said it wasn't sure yet which projects or agencies will receive the money, so line up nonprofit leaders.
Bham broker closes massive office portfolio sale
A Birmingham broker has closed on a $42.9 million deal in Mississippi.
Colliers International's Josh Randolph represented the seller in a sale-leaseback transaction of the GI Associates & Endoscopy Medical Office Portfolio.
The deal with an undisclosed buyer yielded $42.9 million.
The single-tenant medical office portfolio has a combined square footage of 91,526 and includes a GI Associates’ headquarters facility located in Jackson, Mississippi, and its satellite office located in Vicksburg,…
Exclusive: Stream Realty takes over leasing for Galleria office tower
Preston Young, Stream's regional managing partner, called the complex's campus a “sanctuary” in the heart of one of Houston's top real estate submarkets.
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Firm doubles space downtown while keeping one foot in the suburbs
Part of the business remains in the suburbs for both employee retention and client service access.
First tenants sign on at downtown Durham’s revamped Golden Belt Campus
A tech company is joining Asheville’s Hi-Wire Brewing as one of the first tenants to sign a lease at the freshly-renovated Golden Belt Campus in downtown Durham.
Software agency WillowTree, Inc. is moving into just over 29,000 square feet at an old warehouse on the campus that is in the midst of being overhauled into a new, mixed-use space of offices, restaurants and artist studio space.
The company will move into the top floor of the old mill building by January, according to a statement. The…
Minnetonka hotel on I-394 sold to active local buyer
The La Quinta Inn & Suites in Minnetonka has sold to Empire Hotels, a Minneapolis and Buffalo, N.Y.-based owner and developer of hotels.
Empire paid $8.2 million for the 127-room hotel at 10420 Wayzata Blvd., according to a certificate of real estate value filed Wednesday. The deal includes $650,000 worth of furniture and fixtures.
“We’ve been after this hotel for seven years,” said Empire President Harshal Patel. “We didn’t have anything out there and we wanted to be on 394 because…
Q1 Cecil Commerce report: interest high for industrial space
The first few months of the year at Cecil Commerce Center saw a slew of companies show interest in massive industrial spaces, according to developer Hillwood’s Q1 2018 report.
Among the inquiries were:
At the end of the first quarter, Hillwood received an inquiry from a broker who did not disclose his or her client. The client was interested in a 1 million-square-foot distribution facility.
Atlanta-based company told Hillwood it was considering relocating a portion of its operations to Jacksonville…
Carrabba’s Italian Grill co-founder to list Houston-area home for $19M
Houston restaurateur Johnny Carrabba, co-founder of Carrabba’s Italian Grill, is looking to sell his Memorial Villages home.
Walter Bering with Martha Turner Sotheby’s International Realty confirmed that he will soon list the Carrabbas' mansion at 526 W. Friar Tuck for $18.95 million. According to the Houston County Appraisal District, two single-family residences sit on the 1.6-acre property: a 12,856-square-foot home built in 2006 and a 980-square-foot residence built in 2008.
Click through…
Developer Panattoni pays $18M for new mansion in Palm Beach
Carl D. Panattoni, the chairman of a major California commercial real estate firm, and wife Mary Jane Panattoni acquired a recently-completed mansion in Palm Beach for $18 million.
The 8,641-square-foot home at 8 Golfview Road was sold by 8 Golfview LLC, managed by local developer Eduard de Guardiola, CEO of Vista Realty Partners in Atlanta. The price equated to $2,083 per square foot.
De Guardiola’s company acquired the half-acre lot on the north side of the Everglades Club golf course and country…