The majority of a Victory Park condo project was sold back to its lender for $32 million on Tuesday, along with a nearby retail site for $3.5 million at Tuesday’s foreclosure auction in Dallas County.

German-based lender HSH Nordbank AG purchased the project’s 112 remaining condos at Continental Avenue and Houston Street and a 24,000-square-foot retail site on Houston Street.

HSH Nordbank was seeking repayment on the 112 units in the condo tower and retail site for $79 million in debt and $6.5 million in debt, respectively…

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Robertson Properties Group said Tuesday that it has submitted a draft environmental impact statement for its $767 million mixed-use development on the site of the former Kamehameha Drive-in property in Aiea.

Roberston Properties proposes to rezone the 14-acre property across from Pearlridge Center for a complex that will include as many as 1,500 multifamily homes, about 143,000 square feet of retail and restaurant space, up to 80,000 square feet of office space and a possible 150-room hotel.

The Los Angeles-based real estate developer last fall scaled back its original plans, which had called for three towers and a total of 1,800 homes, to include one tower surrounded by four shorter buildings…

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Dallas’ Valley View Center wasn’t sold at Tuesday’s Dallas County foreclosure auction and will likely be reposted at the March 6 auction.

The 1.1-million-square-foot property could be reposted for foreclosure several times, which is not unusual for larger properties, said George Roddy Sr., president of Addison-based Foreclosure Listing Service Inc.

“The lender makes the decision, and in some cases on a high-visibility property like this, wants to make sure the t’s are crossed and the i’s are dotted…

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Osceola Regional Medical Center will break ground Feb. 7 on a $65 million hospital project in Poinciana.

The project will start with a 12-bed, one-story, 11,000-square-foot freestanding emergency department with a helicopter pad, laboratory, pharmacy and imaging. The second phase includes a $33.7 million, 30-bed, two-story, 94,000-square-foot hospital. Phase 3 is a medical office building.

Once completed, the complex is expected to have 200 full-time employees. Click here to read about the state agreeing to scale down the project…

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An online auction for the U.S. Custom House is extended to Wednesday after bidding for the historic Portland office building hit $2 million Tuesday.

The U.S. General Services Administration set a deadline of shortly after midnight Wednesday after receiving two bids for the property shortly before its original deadline of 9 a.m. Tuesday.

“Bidder#2” is the current high bidder with a $2.02 million offer for the Custom House, 222 N.W. Eight Ave., on Portland’s North Park Blocks.

The current auction began in December and is the government’s fourth attempt to transfer the 78,838-square-foot (plus basement) building to the private sector…

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On the heels of UDR Inc.’s fourth-quarter earnings report, company President and CEO Tom Toomey answered market analysts who criticized the real estate investment trust’s acquisition strategy.

Toomey pointed to the company’s 40-percent leverage position as adequate to handle the $1.2 billion in New York City acquisitions last year, despite some analysts’ opinion that the “aggressive external growth strategy” could bring “risk of dilution and volatility around new issue.”

UDR, the Highlands Ranch-based apartment operator (NYSE: UDR), reported Monday it would increase its annual common stock dividend 10 percent and released its fourth quarter, and year-end, earnings…

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Brookfield Asset Management’s residential real estate brokerage division, Real Living, opened another office in metro Denver, bringing the total number of state offices to three.

Real Living took over the Colorado Real Estate Associates office, 12001 N. Tejon St., Westminster (www.reallivingCOrealestate.com). That adds to the office at 480 Holly St., Denver, and one in Colorado Springs.

Jackie Nordstrom owns the new franchise. “We have some opportunities with the Real Living brand we didn’t have before,” Nordstrom said…

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The retail and industrial real estate markets are carrying the Dayton area, according to a recent Cassidy Turley report.

In its analysis of the local market during the second half of 2011, the real estate company reported strong activity both in the retail and industrial markets, but a slow office market.

Construction and sales activity drove the industrial market.

In the final six months of the year, there were 14 sales of more than $1 million in the industrial market, including Industrial Realty Group’s $6…

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Lender LNR Partners LLC took back Atlanta’s inconic Bank of America Plaza in a highly symbolic foreclosure Tuesday.

Earlier this year, owner BentleyForbes and Miami-based loan servicer LNR Partners were unable to reach an agreement to restructure $363 million in debt. LNR proceeded with the foreclosure Tuesday with a $235 million credit bid.

Click here for a timeline of events in the rise and fall of the tallest skyscraper in Atlanta.

Developing…

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Building renovations have started at 680 Folsom St. in San Francisco’s south financial district and so has leasing activity. Riverbed Technology leased floors two through six totaling approximately 170,000 square feet for 10 years. It will occupy the space in mid-2014.

TMG Partners purchased the 14-story, 476,000-square-foot office structure from RREEF in late 2010, and will renovate the building to compete with neighboring Class A office properties… View Full Story >>

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