Tuesday, April 24, 2012

Recent Commercial real estate deals

by Natalie Kostelni
"The Hub at Commerce Square is on schedule to open in what will be its fourth and largest Center City location. The Hub leased 23,000 square feet at 2001 Market St. and will have 13 different spaces to lease out for a variety of uses. The types of spaces at its Commerce Square facility include a 105-seat amphitheater and other rooms that can accommodate from two to hundreds of people in flexible time rental arrangements, such as half-day, full-day, evening and weekends.

Resource Real Estate Opportunity Inc. of Philadelphia bought an 856-unit apartment complex called the Bristol at 1221 Redford St. in Houston from Tritex Real Estate Advisors Inc. for $11.4 million or $13,318 per unit. The 703,862-square-foot property was 52 percent occupied at the time of the sale.

Hill International (NYSE:HIL) was awarded a contract by the Iraq Ministry of Higher Education and Scientific Research to provide design management and construction management services for the new Al Bayaa Teaching Hospital in Baghdad, Iraq. The three-year contract has an estimated value to Hill of about $5.2 million. The hospital, which is expected to cost about $210 million, will have 600 beds and will facilitate training of physicians and other medical professionals."
Full story: http://tinyurl.com/722byfk


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