#Commercial Real Estate

Virginia Business

Petersburg retail centers sell for $10.25M

South Crater Square is 83% leased, Pinehill Plaza 29%. Two neighborhood retail centers in Petersburg sold for $10.25 million on Oct. 15. The two properties total 192,510 square feet and occupy 24.9 acres. Located at 3330 S. Crater Road, South Crater Square is 82.7% leased and anchored by Rose’s, with Walmart Supercenter as a shadow anchor. Pinehill Plaza, located across the street at 3333 S. Crater Road, is 29.1% leased.
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New Castle News

Greenville residents to vote on fire department

GREENVILLE — When town residents go to the ballot box next week, they will decide whether to retain the Greenville Fire Department as a paid emergency response agency. This referendum, which will appear on the ballot, will read, “Shall the town of Greenville council disband the paid fire force in favor of having fire protection services performed by volunteers?”
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Sale of Starbucks site complete

Younger Partners Dallas is pleased to announce it has completed the sale of an approximately 35,163-square-foot pad site located along Hawkins Run Road in the city of Midlothian. The buyer plans to develop a Starbucks. Renzo Cella of Younger Partners represented the seller, Hawkins Meadow Development. The site is located...

Infill urban housing plans filed in Scottsdale

M3 Commercial Real Estate has submitted plans to rezone an Old Town Scottsdale parcel for an infill residential development. Development plans and a rezoning request have been submitted for the proposed Meridian Art Lofts project at 3600 N. Bishop Lane. The developer wants the city to rezone a 0.51 acre...

CBRE Arranges $58M Sale of Offices at Plantation Walk in Broward County

CBRE has facilitated the $57.5-million sale of Offices at Plantation Walk, a 173,193-square-foot, Class A building in Plantation, FL, to Vision Properties. Christian Lee, José Lobón and Marcos Minaya of CBRE Capital Markets and Jay Adams with Newmark represented the seller, Encore Capital Management, in the transaction. Seven-story Offices at...

Upgrades and expansion mark a milestone for Airways Brewing

The Airways Brewing Bistro & Beer Garden in downtown Kent is about to commemorate an important anniversary. In a world where so many restaurants and bars come and go so quickly, the Bistro & Beer Garden has delighted the city’s beer and food lovers for a decade. To mark the occasion, they’ve planned some special offerings — November 5th thru 7th. What’s more, they just announced some big changes coming to the Bistro & Beer Garden. (Photos by Darren Zemanek Photography.)
New York Post

Checking in: Offices mimic hotel amenities to lure back workers

Office leasing is gaining momentum as the delta variant recedes and worker bees return to the hive — albeit many are yet to appear for all five days a week. “The second wave was scary,” said Matt Astrachan, vice chairman of the global real estate service company JLL. “That was the bottom and once we came off it we saw a robust surge in activity.”

WDI awards 5 downtown businesses grants for storefront improvements

WILMINGTON — Some areas of downtown Wilmington are getting a facelift. A Wilmington Downtown Inc. (WDI) grant program is helping storefronts offset the costs of improvements in the central business district of downtown Wilmington. The Facade Improvement Grant (FIG) Program has awarded five $2,500 grants. Funded by the Municipal Service...

Female-founded startup expands to Austin with lactation suites for working moms

Houston-based Work & Mother Services LLC is embarking on a nationwide expansion of its network of lactation suites. Work & Mother already operates two locations in downtown Houston and is preparing to open locations at Four Oaks Place in Houston and Eastlake at Tillery in Austin. Beyond that growth, the company aims to expand to metro areas like Dallas-Fort Worth, Chicago, Los Angeles, and New York City.

25-story tower — Colorado Springs' tallest — proposed for downtown

A 25-story residential tower that would be the tallest building in Colorado Springs history would be constructed downtown along with an 11-story office structure as part of a proposed $270.1 million mixed-use project that would dramatically change the city's skyline. "The proposed project represents a historic step in the evolution...

Westmount Realty Capital Acquires Multifamily Property in Atlanta Suburb

Westmount Realty Capital has acquired Walton Ashwood, a Class A apartment community located on Ashwood Parkway in the Dunwoody employment district of Central Perimeter. The purchase marks Westmount’s first multifamily property acquisition in the Atlanta area. Walton Ashwood, which will be rebranded as Westmount Ashwood, comprises 160 one-, two- and...
Monterey County Herald

Pacific Grove staff recommends certifying ATC Hotel Commercial Project EIR

PACIFIC GROVE – The Pacific Grove Planning Commission will consider certifying the ATC Hotel and Commercial Project Environmental Impact Report, and approve four permits sought, as recommended by staff, at its meeting Thursday. An agenda report from contract planner Rob Mullane of the American Institute of Certified Planners to members...

Site Plans Submitted For Office Buildings At Autumn Hall

Work is expected to start by early next year on the third commercial building in the latest phase of Autumn Hall, a master-planned, mixed-use community on Eastwood Road in Wilmington. Site plans for two 34,000-square-foot buildings, Buildings 3 and 4, have been submitted to the city of Wilmington, and are...