Property Type

SJP BREAKS GROUND ON 500,000 SF RETAIL AND OFFICE CENTER

by admin December 11, 2012

HOBOKEN, N.J. — Crews have broken ground on Waterfront Corporate Center II, a 500,000-square-foot office and retail building at 221 River St. in Hoboken. A partnership between SJP Properties and USAA Real Estate Co. will develop the 14-story property. Pearson, which earlier this year signed a 200,000-square-foot lease at the property, will be the site's lead tenant. The new building is the last phase of SPJ's 1.5 million-square-foot, three-building office and retail complex. Designed by HLW International Architects, the center will feature full-time building security, interior loading, floor-to-ceiling glass windows and 25,000 square feet of retail space.

December 11, 2012

APT. PROPERTY NEXT TO BOSTON SYMPHONY HALL SELLS FOR $12.8M

by admin December 11, 2012

BOSTON — 52 Westland Enterprises LLC has purchased 52 Westland Avenue, a 43-unit apartment building in Boston's Fenway neighborhood, for $12.8 million. The five-story building is located across the street from Whole Foods and is adjacent to the Boston Symphony Hall. Chistopher Sower and Jason Weissman led the Boston Realty Advisors team that represented the seller, 52 Westland LLC, in the transaction.

December 11, 2012

Multifamily Northeast

ALTA AT INDIAN WOODS TRADES FOR $27.5M IN MASSACHUSETTS

by admin December 11, 2012

STOUGHTON, MASS. — Fairfield Indian Woods has acquired Alta at Indian Woods, a 154-unit, Class A apartment community in Stoughton for $27.5 million. Apartment units average 873 square feet and community amenities include a cyber cafe, 24-hour access fitness center, outdoor fire pit and putting green. Simon Butler and Biria St. John of CB Richard Ellis — N.E. Partners represented the seller, SPUS05 Wood Alta at Indian LLC (a joint venture between Wood Partners and an institutional partner), in the transaction.

December 11, 2012

Northeast Office

MACY'S EXPANDS OFFICE SPACE IN TIMES SQUARE BUILDING

by admin December 11, 2012

NEW YORK CITY — Macy's Inc. has signed a 31,700-square-foot lease expansion to occupy the entire 10th floor of 1440 Broadway in Times Square. The office transaction also concurrently extends the lease for 166,000 square feet on floors six through nine and 13. The retailer now occupies more than 197,000 square feet at the property. The dual transaction also represents Macy's third expansion at the property in the past 24 months. Scott Gottlieb and Michael Laginestra of CBRE Group represented the tenant in the transaction. Monday Properties owns and manages the property.

December 11, 2012

Multifamily Texas

TDI TO DEVELOP $50M LAS COLINAS MULTIFAMILY PROJECT

by admin December 11, 2012

IRVING — TDI has purchased 6.65 acres of land at Northwest Highway and Las Colinas Boulevard in the Las Colinas neighborhood of Irving for a $50 million, 386-unit multifamily development. Construction is slated to begin in March 2013. The development will include walk-up brownstone apartments and a clubhouse with a retail-style urban patio. Every kitchen will include an island and the interiors will feature 10-foot ceilings.

December 11, 2012

Office Texas

SKANSKA TOPS OUT OFFICE TOWER IN UPTOWN HOUSTON

by admin December 11, 2012

HOUSTON — Skanska has completed the topping out of a 302,000-square-foot, 20-story office tower, located at 3009 Post Oak Blvd. in uptown Houston. Houston-based Kirksey Architects designed the Class A property to LEED Platinum standards. The building will include several sustainable energy-efficient features such as a state-of-the-art HVAC system, recycling center and rainwater collection system.

December 11, 2012

Office Texas

SATTERFIELD & PONTIKES TO BUILD OFFICE PROPERTIES IN MIDLAND

by admin December 11, 2012

MIDLAND — Houston-based Satterfield & Pontikes Construction has planned the construction of multiple 100,000-square-foot office properties, located in the master-planned Westridge Park in Midland. Houston-based Kirksey Architects is designing the new four-story properties. Ron McWherter of CBRE's Houston office and Bill Scott of Midland Texas Real Estate are handling the leasing for the property.

December 11, 2012

Multifamily Texas

ARA BROKERS SALE OF REO MULTIFAMILY PORTFOLIO

by admin December 11, 2012

HOUSTON — ARA has arranged the sale of two multifamily properties, the 181-unit Capital Estates and the 151-unit Harbortree apartment communities, both located in Houston's Clear Lake submarket. David Wylie, Russell Jones, Zach Springer and Matt Saunders of ARA's Houston office represented the seller in the transaction. Houston-based Dakota Enterprises acquired the REO portfolio. Capital Estates is 78 percent occupied, while Harbortree is 73 percent occupied.

December 11, 2012

Restaurant Texas

ADOLPHUS TOWER IN DALLAS ADDS FRESHII RESTAURANT

by admin December 11, 2012

DALLAS — Adolphus Tower, located at 1412 Main St. in downtown Dallas, has added Freshii, a new health-casual restaurant concept, to its tenant roster. Freshii will occupy 2,600 square feet of walk-up retail space on the Akard Street side of Adolphus Tower. Construction of the restaurant will begin this month and the tentative opening date is March 1, 2013.

December 11, 2012

Retail Western

CONVERSE PROPERTY IN SANTA MONICA RECEIVES $7M

by admin December 11, 2012

SANTA MONICA, CALIF. – A 7,500-square-foot retail property in Santa Monica that is leased to Converse has received a $7-million, full cash-out loan. The property is located on Santa Monica’s Third Street Promenade. The 15-year loan features a 30-year amortization schedule and a 4.98 percent fixed interest rate. The loan was arranged by George Smith Partners. Barbara Tenzer of Tenzer Commercial represented the lessor in this transaction.

December 11, 2012

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