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Real Estate News |
Kimpton buys Riverplace from Larkspur
Sat, 04 Feb 2012 00:45:46 +0000
Larkspur Hotels has sold another property from its four-star hotel collection.This time a direct competitor was the buyer: Kimpton Hotels snapped up the 84-room Riverplace, gaining itself a third property in Portland, Oregon. Terms of the deal were n..[read more]
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Sacramento developer Kolokotronis files for bankruptcy
Sat, 04 Feb 2012 00:06:23 +0000
Sacramento real estate developer Sotiris K. Kolokotronis filed for personal bankruptcy Friday, listing debts of more than $130 million and assets of $3.2 million.Concurrent with the filing, his bankruptcy attorney Walter Dahl issued a news release th..[read more]
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Behringer Harvard: 'Technical default' will have little impact on Frisco Square
Sat, 04 Feb 2012 00:00:42 +0000
Addison-based Behringer Harvard says it's current on interest payments on Frisco Square and expects its "technical default" to have minimal short-term impact on the operations of the mixed-use property north of Dallas.Behringer Harvard Opportunity RE..[read more]
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Mastro creditors to get checks mid-month
Fri, 03 Feb 2012 22:56:15 +0000
U.S. Bankruptcy Judge Marc Barreca this afternoon granted a motion allowing $2.8 million to be disbursed to about 200 creditors of bankrupt Seattle developer Michael R. Mastro.Bankruptcy trustee Jim Rigby said unsecured creditors with allowed claims ..[read more]
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Could a downtown Greensboro performance center go in the South Elm St. development?
Fri, 03 Feb 2012 22:49:39 +0000
The Redevelopment Commission of Greensboro anticipates having a master development agreement in place before the end of the year and selling seven acres of city-owned land to a developer in December for a mixed-used project at South Elm and Lee stree..[read more]
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MC Companies, Clark-Wayland form joint venture
Fri, 03 Feb 2012 22:48:35 +0000
Scottsdale-based MC Companies and Phoenix-based Clark-Wayland have merged to create a joint venture called MC Clark-Wayland.The venture will focus mainly on development and construction of new multifamily projects in Phoenix and Tucson.The combined c..[read more]
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Real Deals: Littleton shopping center sold for $4.7M; Thorton apts. sold for $30M
Fri, 03 Feb 2012 22:33:46 +0000
Transmark Co. of Greenwood Village has bought the Broadridge Plaza shopping center in Littleton.The center, on south Broadway and West Ridge Road, sits on 10 acres and includes six buildings with 79,545 square feet of retail space. It was 91 percent ..[read more]
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A&B reaches deal to allow purchase of former CompUSA site
Fri, 03 Feb 2012 21:59:39 +0000
A&B Properties Inc. has reached an agreement to purchase the former CompUsa property in Honolulu from Kamehameha Schools and has plans to develop a residential high-rise condominium tower on the site.Terms of the deal were not disclosed.The property,..[read more]
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Freebirds expands in Houston
Fri, 03 Feb 2012 21:40:16 +0000
Freebirds World Burrito is opening two new burrito joints in Houston this month.The Austin-based restaurant chain will open a restaurant at the Enclave Shopping Center Feb. 6 and and one in Conroe at 1188 W. Dallas St. Feb. 7.The two new Freebirds lo..[read more]
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Real estate roundup: Cashing in on the medical market
Fri, 03 Feb 2012 20:45:03 +0000
Medical real estate is a hot item for some commercial brokerage firms right now, and Birmingham-based Shannon Waltchack LLC is hoping to get a piece of the action.The company recently bought a 10,400-square-foot, class-B medical office building at Sh..[read more]
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