Louisville Real Estate News

NTS Realty Holdings to sell local business centers
Business First of Louisville
NTS Realty Holdings LP has agreed to sell Commonwealth Business Centers I and II in Louisville to an unidentified Kentucky limited liability company.
Commonwealth Business Centers I and II have about 62,700 and 65,900 rentable square feet, respectively, according to a news release.
The office/warehouse buildings are […]

Development proposal on the table for 7.3-acre site in River Ridge
Sarah Jeffords
Business First Staff Writer
Floyds Knobs general contractor AML Inc. is eyeing River Ridge Commerce Center, a 6,000-acre complex that is being redeveloped as an office and industrial park, as a future development site.
Earlier this week, AML owner Robert E. Libs submitted an offer to […]

New York investment firm buying Seelbach Hotel’s owner
John R. Karman III
Business First Staff Writer
A blockbuster transaction in the lodging industry will mean new ownership at Louisville’s historic Seelbach Hilton Hotel.
The 101-year-old downtown landmark is among 57 upscale hotels being acquired by an affiliate of The Blackstone Group LP in its planned purchase of MeriStar Hospitality […]

Renovation wrapping up at Executive West hotel
John R. Karman III
Business First Staff Writer
Work is wrapping up on the $13 million overhaul of the Executive West hotel, and now the property’s owner is turning its attention back to the massive renovation project under way at the Galt House Hotel & Suites.
All 611 guest rooms have been […]

Downtown block named one of state’s most endangered historic sites
Seven sites, including a block of 19th century buildings in downtown Louisville, have been selected by Preservation Kentucky Inc. for its 2006 list of Kentucky’s Most Endangered Historic Places.
The list spotlights “irreplaceable historic architectural, cultural and archeological resources in Kentucky that are in imminent danger of […]

Seven Counties buys second West End building
Seven Counties Services Inc. has bought a building at 2650 W. Broadway to house some of the organization’s outpatient mental-health programs.
Seven Counties purchased the 12,000-square-foot building for $787,500, according to a news release.
The organization also offers outpatient mental-health and substance-abuse services at its 2225 W. Broadway location. Seven Counties […]

Trouble Signs Ahead in Commercial Real Estate
( February 13, 2006) –   In the last three months of 2005, quite a few of the nation’s banking companies posted gains in commercial real estate lending, with several even reporting plans to expand their commercial property units. But concerns loom among analysts.
Interest-rate worries are growing, as are worrise […]

Downtown office market outpaces suburbs in fourth quarter
John R. Karman III
Business First Staff Writer
For owners of commercial office space, whether it was a happy new year might have depended on where their property is located — downtown or in the suburbs.
The central business district enjoyed a significant increase in both leasing activity and absorption of […]

Record sales, leasing spark more industrial development
John R. Karman III
Business First Staff Writer
Sales and leasing activity in the local industrial market reached record levels in the fourth quarter of 2005 — a fact that’s not going unnoticed among regional and national developers looking to capitalize on the demand for bulk space.
New construction starts are expected […]

The birth of a building - Here’s the story behind the radical Museum Plaza skyscraper
By Chris Poynter
cpoynter@courier-journal.com
The Courier-Journal

The design for a radical, new, 61-story skyscraper burst onto the Louisville scene Thursday, when Museum Plaza was unveiled to the public.
But the story of the building began well before that.
For the past five […]