SCI Real Estate Investments Acquires Class-A, Luxury Apartments in Houston, Texas

SCI Real Estate Investments, LLC has announced the acquisition of Kings Cove, a 192-unit luxury apartment-home community in Kingwood, Texas, from Houston-based developer, Dinerstein Companies for tenant-in-common investing. Kings Cove serves as an example of SCI’s smart investment strategy of purchasing institutional-quality apartment communities in growing metropolitan areas, such as Houston and Dallas. Future acquisitions of Class-A multifamily... 

General Growth Announces Extension of Rights Agreement

General Growth Properties, Inc. (NYSE: GGP ) announced it has extended the expiration date of its Rights Agreement to November 18, 2010. The Rights Agreement was originally adopted with an expiration date of November 18, 2008. In connection with this extension, the purchase price of each right issued under the Rights Agreement was changed from $148 to $105. As a result, the holder of each right is entitled to purchase one-third of one one-thousandth... 

Ollie’s Bargain Outlet Signs Lease for 33,000 Square Feet in Columbia East Marketplace

Atlantic Realty Companies, Inc., one of the largest commercial real estate developers in the Washington, DC/Baltimore, MD region, recently announced that Ollie’s Bargain Outlet has signed a lease for 33,000 square feet at Columbia East Marketplace in Columbia, MD. The store is planning to open in Spring of 2009. Ollie’s Bargain Outlet is the Mid-Atlantic’s largest retailer of closeout, surplus, and salvage merchandise. Their 69 stores... 

Kimberly Timmons Interiors Sets the Bar High, Lands Five Coveted Awards for Exceptional Interior Design

On November 1, the Home Builders Association of Metro Denver recognized architects, interior designers and marketing professionals who “raise the bar” and set a new standard of excellence in the home building industry, at the 30th annual Bar Awards ceremony. Within the interior merchandising category, Kimberly Timmons Interiors emerged as a clear leader, landing four of the seven highly competitive awards. The firm was also recognized... 

Prime Group Realty Trusts Continental Towers Named BOMAs Suburban Chicago Outstanding Building for the Fourth Time.

Prime Group Realty Trust Chicago-based real estate investment trust (REIT), announced today that the premier, Class A, 975,000 square-foot Continental Towers office complex in Rolling Meadows, IL, controlled and managed by Prime Group Realty Trust, was recently named “The Outstanding Building of the Year” (TOBY) for the Chicago Suburban market by the Building Owners and Managers Association (BOMA) of Suburban Chicago. This is the fourth time in... 

American Realty Advisors Provides Preferred Equity Financing for the Grand Hyatt Washington

American Realty Advisors announced that it has provided preferred equity financing to an affiliate of Quadrangle Development Corporation for the recapitalization of the Grand Hyatt Washington, an 888 room, luxury full-service hotel located in the burgeoning East End of Washington, DC. The investment was executed on behalf of one of American’s separate account clients. The Grand Hyatt Washington, built in 1987, underwent a full-scale guestroom,... 

The Streets of Buckhead Enhances Collection of Luxury Retailers

The Streets of Buckhead, a world-class luxury destination that combines international boutiques, fine dining and exclusive residences in a streetscape setting welcomes upscale clothiers Brioni, Leggiardo and Shirts & Co. by Domenico Vacca. Ben Carter, founder and chairman of Ben Carter Properties, is creating the region’s premier luxury shopping experience in the heart of Atlanta’s affluent Buckhead community. The development already boasts... 

Midtown Crossing at Turner Park Earns LEED Neighborhood Development Certification

Midtown Crossing at Turner Park, a million-square-foot mixed-use development under construction in the heart of midtown Omaha, has earned Stage 2 LEED certification under U.S. Green Building Council’s pilot Neighborhood Development Certification program. Midtown Crossing was selected to participate in the council’s Leadership in Energy and Environmental Design (LEED) pilot Neighborhood Development Certification program. It is the only project... 

Revenue Properties advises that shareholders approve going-private transaction proposed by Morguard Corporation

Revenue Properties Company Limited a subsidiary of Morguard Corporation (“Morguard”), announced that at its special meeting of shareholders (“Shareholders”) held earlier today in Mississauga, Ontario, Canada, Shareholders (including a majority of minority shareholders) approved the amalgamation of RPCL and 2187675 Ontario Inc. (the “Amalgamation”), an indirect wholly-owned subsidiary of Morguard, as described in... 

Stirling Sothebys International Realty to Host Live Worldwide Auction of Florida Commercial Properties

Stirling Sotheby’s International Realty Global Commercial Group (www.StirlingCommercial.com) in conjunction with Stirling Sotheby’s Auction Services (www.stirlingsir.com/auctions/) will host a worldwide auction of more than 30 Florida commercial properties on Dec. 17 in Orlando, Florida. Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said most of the properties to be auctioned are within an hour’s...