INDIANAPOLIS-Newton, MA-based Five Star has purchased six Indiana assisted living sites from Fort Wayne, IN-based American Senior Home Care. The broker says it’s a banner year.
CHICAGO-Wells Fargo & Co. and Related Cos. bought the 694-unit affordable housing apartment complex here on the South Side, and pledged to rehabilitate the property.
NEWARK, OH-Cole Real Estate Investments purchased the 480,500-square-foot Owens Corning warehouse, connected to a 1.2-million-square-foot insulation plant, for $11.9 million.
HONG KONG-A CBRE survey shows more than 76% of the top 280 global firms want to open an office here, followed by Singapore and Beijing, though global uncertainty may delay plans.
CHICAGO-Hansen Realty is working to fill this 500,000-square-foot flex park, by already negotiating for another 200,000 square feet of leases. The complex is 60% occupied.
CHICAGO-Before the Dow Jones finished its 512-point slide Thursday, NCREIF researchers said an investor ‘retreat’ is likely as fundamentals finally catch up with risk-takers in the first half of 2011.
LONDON-Certain global markets are showing a “soft patch,” and the US was faltering before Thursday, according to locally based RICS, but there’s been no double-dip seen yet in property.
LINCOLNWOOD, IL-The bank has started foreclosure on the infamous hotel. A court-ordered deadline for the owner to clean up the property, or face demolition, passed Aug. 1 with no action.