Category Archives: Managers

Marcus & Millichap Arranges Trade of Viking Apartments in Peninsula at Above-Average Per-Unit Price

A Peninsula multifamily property recently traded hands in a deal worth $10.8 million. Marcus & Millichap arranged the transaction for the Burlingame, CA asset at a per-unit rate of $308,571. The seller is a family that owned the property for around 50 years, while the buyer is another local family trust. Both parties were advised by representatives of Marcus & Millichap’s Palo Alto office, with associate Richard Reisman handling the seller’s end, and vice president investments, Adam Levin, working on behalf of the buyer. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Conventional - Market Rate, economy, Finance/Investment, Financiers, Investors, Local, Managers, Marcus & Millichap Real Estate Investment Services Inc., Multi-Family, multifamily acquisition, National, Owners, Peninsula, Policy, Professional, Regional, Residential, sales trends, San Francisco Lead Story, San Francisco Metro Area, san-francisco, Viking Apartments | Leave a comment

Studio Gang And MAD Architects To Design George Lucas’ Museum Of Narrative Art

CHICAGO, IL-George Lucas, acclaimed film director and creator of the Star Wars franchise, is bringing a taste of Hollywood to the Midwest. Continue reading

Posted in Architecture/Design, chicago, Chicago Lead Story, Commercial, Consumer, cultural and art space, Developers, Development, Finance/Investment, Financiers, Hospitality, Investors, Local, Lucas Museum of Narrative Art, MAD Architects, Managers, Museum Campus, museum development, National, Professional, Regional, Studio Gang | Leave a comment

AmREIT Declines Regency’s Unsolicited Acquisition Proposal

Regency Center Corporation announced three weeks ago that it offered to acquire AmREIT, Inc. for $22 per share. Their unsolicited acquisition proposal represented a 20% premium based on the average closing price of AmREIT’s common stock over the last 30 days, and also exceeds AmREIT’s all-time high stock price by more than $2 share. Continue reading

Posted in Acquisitions/Dispositions, AmREIT, Commercial, Consumer Type, Developers, Development, Features, Finance/Investment, Financiers, Geography, houston, Houston Lead Story, Investors, Local, Managers, Mergers & Acquisitions, National, Owners, Professional, Regency Centers Corp., Regional | Leave a comment

Highwoods Properties Sells RTP Office Complex for $58.7M

In its second quarter earnings report, Highwoods Properties has announced the sale of the Research Commons Office complex in Research Triangle Park. The property, which consists of five buildings and a 13-acre future development site, sold to an undisclosed buyer for $58.7 million. Continue reading

Posted in Acquisitions/Dispositions, CBRE, Commercial, Developers, Durham office, EOR 5811 Glenwood Avenue LLC, Family Video Movie Club, Finance/Investment, Highwoods Properties, Investors, Leasing, Local, Managers, National, Office, Owners, Professional, Property Management, Raleigh office, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Research Triangle Park | Leave a comment

PREIT, Macerich $107 Million Investment to Redevelop The Gallery

The Gallery at Market East, one of Philadelphia’s largest urban malls that is located in the heart of the city, is about to get a major makeover. Pennsylvania Real Estate Investment Trust (PREIT), which owns the 1.4 million-square-foot property, announced this week a joint venture with Macerich to revamp the bleak mall into the city’s only multi-use property that will offer accessible luxury retailing in the Center City area. Continue reading

Posted in Architecture/Design, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Financiers, Investors, Leasing, Local, Macerich, Maintenance, Managers, National, philadelphia, Philadelphia Lead Story, PREIT, Professional, Property Management, Regional, Retail, retail redevelopment project, retail space, shopping center, The Gallery | Leave a comment

Affordable Housing Projects in Honolulu, Mililani Mauka Receive $4M in Tax Credits

The Hawaii Housing Finance and Development Corporation (HHFDC) has awarded a total of $4 million in federal and state Low-Income Housing Tax Credits for the construction of two affordable apartment complexes in Honolulu and Mililani Mauka. Continue reading

Posted in affordable housing, Artspace, Catholic Charities Housing Development Corporation, Consumer, Developers, Development, Finance/Investment, Ford Foundation, honolulu, Honolulu Lead Story, Investors, Leasing, Local, Managers, Meheula Vista 1, Multi-Family, National, Ola Ka Ilima Artspace Lofts, Owners, PAI Foundation, Policy, Professional, Regional, Residential, Senior | Leave a comment

Investment Property Advisors Plans More Apartments in Downtown Indianapolis; Edward Rose Seeks Bond Financing for Major Mixed-Use Project in Carmel

Investment Property Advisors of Valparaiso is about to complete a large-scale apartment complex along the Central Canal in downtown Indianapolis and, according to the Indianapolis Business Journal, the company is seeking city approval to begin construction on the project’s second phase. Continue reading

Posted in Carmel apartment, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Edward Rose Development Group, Finance/Investment, Hospitality, indianapolis, Indianapolis apartment, Indianapolis Lead Story, Investment Property Advisors, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, Retail, Senior, single-family | Leave a comment

Ambling University Development Plans Major Apartment Community in Pittsburgh

One of the largest new multifamily developments in Pittsburgh could soon rise between Fifth and Forbes avenues in Oakland. Continue reading

Posted in Ambling University Development Group, Commercial, Consumer, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Hospitality, Integra Realty Resources, Investors, Leasing, Local, Managers, Multi-Family, MWK Forbes, National, Owners, pittsburgh, Pittsburgh apartment, Pittsburgh Lead Story, Policy, Professional, Regional, Residential | Leave a comment

Master-Planned Community’s First Homes at Wendell Falls to Open by Next Spring

The first homes at Wendell Falls, Newland Communities’ 1,115-acre master-planned development in eastern Wake County, are scheduled for completion by next spring. Continue reading

Posted in Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Investors, Local, Managers, Multi-Family, National, Newland Communities, North America Sekisui House, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, single-family, Wendell Falls | Leave a comment

Developers Celebrate Groundbreaking of Ultra-Luxury Condominiums in Honolulu; New Senior Living Community Rising in Kapolei

By Adriana Pop, Associate Editor Construction on Park Lane Ala Moana, a $300 million ultra-luxury condominium complex fronting Ala Moana Boulevard in downtown Honolulu, is scheduled to begin within the next two months. According to the Pacific Business News, the development team, which includes The MacNaughton Group, Kobayashi Group, BlackSand Capital and landowner General Growth [...] Continue reading

Posted in Assisted Living, BlackSand Capital, Condo, Co-op, HOA, Consumer, Developers, Development, Finance/Investment, General Growth Properties, honolulu, Honolulu condominium, Honolulu Lead Story, Investors, Kapolei senior housing, Kiewit, Kisco Senior Living, Kobayashi Group, Leasing, Local, luxury, Managers, Multi-Family, National, Owners, Professional, Property Management, Regional, Residential, Senior, The MacNaughton Group | Leave a comment

$400M Week for Pacific Northwest: Madison Marquette Acquires Pacific Place Mall, Pebblebrook Buys The Nines Hotel

The Pacific Northwest’s commercial market has had one of its best weeks by the numbers as two properties in Portland and Seattle traded hands in deals worth a combined total of nearly $400 million. The Pacific Place Mall in Seattle and The Nines Hotel in Portland were the two properties acquired by Madison Marquette and Pebblebrook Hotel Trust respectively. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, economy, Finance/Investment, Financiers, Hospitality, Investors, Local, Madison Marquette, Maintenance, Managers, National, Owners, Pacific Place, Pebblebrook Hotel Trust, Pine Street Development, Portland hospitality market, Professional, Regional, Retail, seattle, Seattle Lead Story, Seattle retail market, The Nines Hotel | Leave a comment

TWG, Chase and Milhaus Plan Multiple Multifamily Projects in Downtown Indianapolis

Three market-rate apartment developments and a condominium project could soon rise south of Massachusetts Avenue, bringing nearly 280 new residential units to the Lockerbie and Chatham Arch neighborhoods in downtown Indianapolis. Continue reading

Posted in Chase Development LLC, Condo, Co-op, HOA, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, indianapolis, Indianapolis apartment, Indianapolis Lead Story, Investors, Leasing, Local, Managers, Milhaus Development, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, TWG Development LLC | Leave a comment

Woodbranch Plans New Residential High-Rise for Downtown Houston

The plethora of office projects that are either under construction or close to breaking ground in Houston has been giving incentive to real estate companies to focus on more and more residential projects. One such project is the Market Square Tower, a 40-story luxury high-rise, set to break ground in the following weeks and developed by Woodbranch Investments Corp. Continue reading

Posted in Architecture/Design, Commercial, Condo, Co-op, HOA, Consumer, Consumer Type, Developers, Development, Features, Finance/Investment, Financiers, Geography, Hines Market Square, houston, Houston Lead Story, International Tower, Investors, Leasing, Local, Managers, Multi-Family, multifamily project, National, Office-Building, Professional, Property Management, Regional, Residential, Retail, The Market Square Tower | Leave a comment

Peloton Commercial Real Estate Appointed Manager of Bank of America Plaza

Metropolis Investment Holdings Inc. has recently appointed Peloton Commercial Real Estate as manager of Bank of America Plaza, one of Dallas’ most iconic skyscrapers. Encompassing over 1.8 million square feet of office and retail space, the 72-story tower substantiates not only Dallas’ tallest office building, but also the 3rd tallest building in Texas and the 22nd tallest in the United States. Continue reading

Posted in Bank of America Plaza, Commercial, Consumer, Consumer Type, dallas, Dallas Lead Story, Features, Finance/Investment, Financiers, Geography, iconic office building, Investors, Leasing, Local, Managers, Metropolis Investment Holdings, National, Office, Peloton Commercial Real Estate, Professional, Property Management, Regional | Leave a comment

Oak Residential Partners Acquires Multi-Family Property for $33M; Liberty Property Trust Plans Speculative Industrial Park in Durham

Oak Residential Partners of Deerfield, Ill., is the new owner of the Evergreens at Mount Moriah, a 268-unit garden-style apartment community in Durham. Continue reading

Posted in Acquisitions/Dispositions, Brokers, CBRE, Commercial, Conventional - Market Rate, Developers, Development, Durham apartment, Durham industrial, economy, Finance/Investment, Industrial, Investors, Leasing, Liberty Property Trust, Local, Managers, Multi-Family, National, Oak Residential Partners LLC, Owners, Professional, Property Management, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Spotlight On | Leave a comment

Property Management Company Renters Warehouse Signs Franchise in Tucson

Renters Warehouse USA has recently signed four new franchises, one of which operates in Tucson. This is the company’s second agency in the state, as Renters Warehouse Arizona has been active in Phoenix since the inception of the parent company. Continue reading

Posted in Donovan Reese, economy, Finance/Investment, Investors, Kevin Ortner, Local, Managers, National, operations, Professional Landlords, Property Management, Regional, Renters Warehouse, Renters Warehouse USA, Ron Wright, single-family, tucson, Tucson Lead Story | Leave a comment

Michael Baker International, F.N.B. Corporation Establish Headquarters in Pittsburgh

Engineering and consulting services firm Michael Baker International will be relocating its global corporate headquarters from Moon Township to downtown Pittsburgh by the end of this year. Continue reading

Posted in Brokers, Commercial, Consumer, Developers, economy, F.N.B. Corporation, Finance/Investment, Investors, Jones Lang LaSalle, Leasing, Local, Managers, Michael Baker International, National, Office, Owners, pittsburgh, Pittsburgh Lead Story, Pittsburgh office, Professional, Property Management, Regional | Leave a comment

Michael Baker International, F.N.B. Corporation Establish Headquarters in Pittsburgh

Engineering and consulting services firm Michael Baker International will be relocating its global corporate headquarters from Moon Township to downtown Pittsburgh by the end of this year. Continue reading

Posted in Brokers, Commercial, Consumer, Developers, economy, F.N.B. Corporation, Finance/Investment, Investors, Jones Lang LaSalle, Leasing, Local, Managers, Michael Baker International, National, Office, Owners, pittsburgh, Pittsburgh Lead Story, Pittsburgh office, Professional, Property Management, Regional | Leave a comment

Bayer CropScience Announces $30M HQ Expansion at Research Triangle Park

Plant science company Bayer CropScience is planning to invest $29.6 million in the expansion of its North American and global Seeds headquarters in the Research Triangle Park. Continue reading

Posted in Bayer CropScience, Commercial, Consumer, Developers, Development, economy, Education, Finance/Investment, Green, Industrial, Investors, Local, Managers, National, North American Bee Care Center, Office, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, research, Research Triangle Park | Leave a comment

Bayer CropScience Announces $30M HQ Expansion at Research Triangle Park

Plant science company Bayer CropScience is planning to invest $29.6 million in the expansion of its North American and global Seeds headquarters in the Research Triangle Park. Continue reading

Posted in Bayer CropScience, Commercial, Consumer, Developers, Development, economy, Education, Finance/Investment, Green, Industrial, Investors, Local, Managers, National, North American Bee Care Center, Office, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, research, Research Triangle Park | Leave a comment

Colliers Brokers $5.68M Sale of Class B Apartments by Blue Valley

Blue Valley Apartments, Inc. of West Palm Beach, Fla has recently sold Villas at Roger Road to Equilibrium Villas, LLC, of Washington, D.C. The transaction brokered by Colliers HSK Multifamily was worth $5.68 million, coming out at $24,500 per unit. Senior Vice Presidents Bill Hahn, Jeffrey Sherman and Trevor Koskovich represented both parts, as announced by Colliers International in Greater Phoenix. Continue reading

Posted in Acquisitions/Dispositions, Bill Hahn, Blue Valley Apartments Inc., Brokers, Colliers HSK Multifamily, Colliers International in Greater Phoenix, Condo, Co-op, HOA, economy, Equilibrium Villas LLC, Finance/Investment, gated community, Investors, Jeffrey Sherman, Local, Managers, National, Regional, Trevor Koskovich, tucson, Tucson Lead Story, Villas at Roger Road | Leave a comment

Virgin Galactic Chooses New Mexico Hotel to House its Future Space Travelers

According to a Marcus and Millichap report, the hotel sector in the Southwest region posted, at the beginning of 2014, its best showing in several years. Continue reading

Posted in Albuquerque, Albuquerque Lead Story, Architecture/Design, Chef Tatsu Miyazaki, Commercial, Consumer, Development, economy, Finance/Investment, Financiers, Hospitality, Hotel Encanto, Investors, Local, Managers, Marcus and Millichap, National, operations, Professional, Regional, Spaceport America, Virgin Galactic, World Class Gourmet | Leave a comment

Virgin Galactic Chooses New Mexico Hotel to House its Future Space Travelers

According to a Marcus and Millichap report, the hotel sector in the Southwest region posted, at the beginning of 2014, its best showing in several years. Continue reading

Posted in Albuquerque, Albuquerque Lead Story, Architecture/Design, Chef Tatsu Miyazaki, Commercial, Consumer, Development, economy, Finance/Investment, Financiers, Hospitality, Hotel Encanto, Investors, Local, Managers, Marcus and Millichap, National, operations, Professional, Regional, Spaceport America, Virgin Galactic, World Class Gourmet | Leave a comment

Potential Alameda Point Developers Line Up for Development Opportunities as Initiative Gains Momentum

Local authorities have long tried to get a major development project going at former Navy base, Alameda Point. Currently, nine different development teams have submitted their applications in response to a request for qualifications, in order to have a shot at working on the 82-acre parcel located on San Francisco Bay. The list of applicants is currently under review by local authorities. The city previously issued a request for quotation (RFQ) for a 68-acre residential and commercial mixed-use project along the main entrance to Alameda Point. Continue reading

Posted in Alameda Point, Architecture/Design, Commercial, Conventional - Market Rate, Developers, Development, economy, Investors, Local, Managers, Multi-Family, multifamily development, Municipal, National, Policy, Professional, Regional, Residential, RFQ, San Francisco Bay, San Francisco Lead Story, san-francisco | Leave a comment

Gateway Center Doral Broke Ground

A brand new mixed use development is coming soon to Doral. DBH Properties, LTD broke ground on Gateway Center Doral in early June and the retail and high-end boutique office center will encompass 84,000-square feet in two buildings. The office component of the development totals around 43,000 square feet. Continue reading

Posted in Architecture/Design, Brokers, DBH Properties LTD, Developers, Development, Doral, economy, Finance/Investment, Gateway Center Doral, High Street Retail USA, Investors, Local, Managers, miami, Miami Lead Story, mixed-use, National, Office, Regional, Retail, Sharon Dresser, South Florida | Leave a comment

CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin

One of Austin’s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by southern California-based Paydar Properties for an amount that remains undisclosed. Continue reading

Posted in Acquisitions/Dispositions, austin, Austin Lead Story, Brokers, CBRE, Finance/Investment, Hamilton Zanze, Investors, Leasing, Local, luxury, Managers, Multi-Family, Multifamily, National, NYL Investors, Paydar Properties, Professional, Property Management, Regional, Residential, Retreat at Barton Creek | Leave a comment

CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin

One of Austin’s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by southern California-based Paydar Properties for an amount that remains undisclosed. Continue reading

Posted in Acquisitions/Dispositions, austin, Austin Lead Story, Brokers, CBRE, Finance/Investment, Hamilton Zanze, Investors, Leasing, Local, luxury, Managers, Multi-Family, Multifamily, National, NYL Investors, Paydar Properties, Professional, Property Management, Regional, Residential, Retreat at Barton Creek | Leave a comment

Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh’s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment

The Mosites Co. has formed a joint venture partnership with Morgan Management for the operation of its three apartment buildings currently under construction at the East Liberty Transportation Center, the Pittsburgh Business Times reports. Continue reading

Posted in affordable housing, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, HUD, Investors, Leasing, Local, Managers, mixed-use, Morgan Management, Multi-Family, National, Owners, pittsburgh, Pittsburgh apartment, Pittsburgh Lead Story, Policy, Professional, Property Management, Regional, Residential, Retail, The Mosites Co. | Leave a comment

OU Regents Approve $370 Million Redevelopment of Gaylord Family-Oklahoma Memorial Stadium

The University of Oklahoma Board of Regents recently approved a proposal from OU Athletics to proceed with the development plans and projects for a major revamping of the Gaylord Family – Oklahoma Memorial Stadium. Continue reading

Posted in Architecture/Design, Commercial, Consumer Type, Developers, Development, economy, Education, Finance/Investment, Financiers, Gaylord Family – Oklahoma Memorial Stadium, Hospitality, Investors, Local, Managers, National, operations, OU Athletics, Owners, Policy, Professional, Property Management, Property Type, Regional, SoonerVision, The University of Oklahoma, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

Hyatt Hotels Announces Plans for 302-Room Hotel in Bloomington

Hyatt Hotels Corporation recently announced that a Hyatt affiliate has entered into a franchise agreement with an affiliate of McGough Development for a Hyatt Regency hotel in Bloomington, Minnesota. Continue reading

Posted in Aimbridge Hospitality, Architecture/Design, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Hospitality, Hyatt Hotels Corporation, Hyatt Regency Bloomington Central Station, Investors, Local, Managers, McGough Development, minneapolis, Minneapolis Lead Story, National, Policy, Professional, Property Management, Property Type, Regional | Leave a comment

CBRE Announces Sale of Villa Rosa Medical Plaza in San Antonio

By Anca Gagiuc, Associate Editor Villa Rosa Medical Plaza in San Antonio has changed owners. The seller, L&B Realty Advisors LLP, was represented in the transaction by Chris Bodnar and Lee Asher, from CBRE Group Inc.’s U.S. Healthcare Capital Markets Group, and Scott Herbold and Todd Mills from its San Antonio office. The buyer is American Healthcare Investors, but the amount [...] Continue reading

Posted in Acquisitions/Dispositions, American Healthcare Investor, Brokers, CBRE, CBRE U.S. Healthcare Capital Markets Group, Christus Santa Rosa Medical Center, Commercial, Finance/Investment, Financiers, Health Care, investment, Investors, L&B Realty Advisors LLP, Local, Managers, National, operations, Professional, Regional, San Antonio, San Antonio Lead Story, Villa Rosa Medical Plaza | Leave a comment

Hawaii Pacific University Officially Begins Redevelopment of Aloha Tower Marketplace in Honolulu

A groundbreaking ceremony and traditional Hawaiian blessing marked the official construction start for the revitalization of the Aloha Tower Marketplace in downtown Honolulu. Continue reading

Posted in Aloha Tower Marketplace, Commercial, Consumer, Developers, Development, economy, Education, Finance/Investment, Group 70 International, Hawaii Pacific University, honolulu, Honolulu Lead Story, Hospitality, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, Retail, Student, Swinerton Builders | Leave a comment

TruAmerica Multifamily Purchases Third M

TruAmerica Multifamily recently closed the purchase of a multifamily complex located in the Seattle suburb of Renton in a deal worth a total of $28.7 million. The L.A.-based real estate investment firm has further expanded its metro Seattle portfolio with the purchase of the Montclair Heights, after completing two other residential acquisitions in the market over the past six months. Continue reading

Posted in acquisition, Acquisitions/Dispositions, Brokers, Conventional - Market Rate, economy, Finance/Investment, Financiers, Investors, LEM Capital, Local, Managers, Montclair Heights, National, Owners, Professional, Property Management, Regional, Renton, Residential, seattle, Seattle Lead Story, Seattle multifamily market, TruAmerica Multifamily | Leave a comment

Holladay Properties Announces $20M Indoor Facility on 400-Acre Sports Campus

Holladay Properties of South Bend has unveiled its plans to develop a $20 million indoor sports facility at the Grand Park Sports Campus in Westfield. Continue reading

Posted in City of Westfield, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Grand Park Sports Campus, Holladay Properties, Hospitality, indianapolis, Indianapolis Lead Story, Investors, Local, Managers, National, Owners, Policy, Professional, Regional | Leave a comment

Crescent Communities Launches 320-Unit Luxury Apartments in 63-Acre Mixed-Use Development

Crescent Alexander Village, Crescent Communities’ 320-unit luxury apartment complex has opened in Charlotte, announced the developer. Continue reading

Posted in Architecture/Design, Audubon International Signature Program, charlotte, Charlotte apartment market, Charlotte Lead Story, Condo, Co-op, HOA, Crescent Alexander Village, Crescent Communities, Developers, Development, economy, Finance/Investment, Financiers, Green, Hospitality, Investors, LandDesign, Leasing, Local, luxury, luxury apartments, Managers, mixed-use, National, NGBS Green Registered, Office, Owners, Property Management, Regional, Regions Bank, Retail, Riverstone, The Preston Partnership | Leave a comment

252-Unit Crescent Cool Springs Kicks Off Preleasing

Crescent Cool Springs, the 252-unit luxury apartment community in Nashville’s historic Franklin suburb has started preleasing, announced developer Crescent Communities. Continue reading

Posted in Architecture/Design, Cline Design, CNL Growth Properties Inc, Condo, Co-op, HOA, Crescent Communities, Crescent Cool Springs, CrossFit gym, Developers, Development, economy, Energy Star appliances, Fifth Third Bank, Finance/Investment, Financiers, Franklin submarket, Green, Greystar, historic, Historical Concept, Investors, Leasing, Littlejohn Engineering, Local, luxury, luxury apartment community, Managers, Metro Nashville, nashville, Nashville Lead Story, National, National Green Building Standards, Owners, Property Management, Regional, saltwater pool, Starbucks coffee bar, Summit Contractors, Vignette Interior Design | Leave a comment

Sterling Bay Companies Announces Partnership with IPDNA to Redevelop Chicago’s Historic Old Post Office

Sterling Bay Companies has recently announced a strategic partnership with International Property Developers North America to redevelop Chicago’s historic Old Post Office. Continue reading

Posted in 1000 West Fulton, 111 North Canal, 400 South Jefferson, Architecture/Design, chicago, Chicago Lead Story, Commercial, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Financiers, Hospitality, International Property Developers North America, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Office, Old Post Office, Owners, Policy, Professional, Property Management, Property Type, Regional, Residential, Retail, Sterling Bay Companies | Leave a comment

Developers Top Off $60M SkyHouse Apartment High-Rise in Downtown Raleigh

Construction is moving forward for the 23-story SkyHouse apartment tower at the corner of Martin and Blount streets in downtown Raleigh. Continue reading

Posted in Batson-Cook Development Co., Beacon Partners, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Gregg Sandreuter, Investors, Leasing, Local, luxury, Managers, mixed-use, Multi-Family, National, Novare Group, NRP Group, Office, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Retail, SkyHouse Raleigh | Leave a comment

Cardiovascular Systems to Build New Corporate Headquarters

Cardiovascular Systems Inc. recently announced plans to build a new corporate headquarters in New Brighton, Minnesota. Continue reading

Posted in Acquisitions/Dispositions, Cardiovascular Systems Inc., Commercial, Developers, Development, economy, Finance/Investment, Fredrikson & Byron, Health Care, Investors, Local, Managers, minneapolis, Minneapolis Lead Story, National, Office, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, research, Ryan Companies U.S. Inc., TaTonka Real Estate Advisors, Tech, Technology | Leave a comment

WestRidge One Office Development Announces First Tenants

One of San Antonio’s oldest companies, Harland Clarke Holdings Corp. and its wholly owned subsidiary Harland Clarke, has chosen a new global headquarters. The selected property is part of the master office park located at 15955 La Cantera Parkway, owned by USAA Real Estate Company (“RealCo”) and developed in partnership with Patrinely Group. Continue reading

Posted in Architecture/Design, Brokers, Commercial, Developers, Development, Finance/Investment, Harland Clarke, Harland Clarke Holdings Corp., Investors, Leasing, Local, Managers, master office park, National, Office, operations, Patrinely Group, Professional, Regional, San Antonio, San Antonio Lead Story, Savillis Studley, Travis Commercial, USAA Real Estate Company, WestRidge One | Leave a comment

Sunstone Hotel Investors Plans to Acquire Maui’s 544-Key Wailea Beach Marriott Resort for $326M

In an off-market transaction, California real estate investment trust Sunstone Hotel Investors Inc. has agreed to purchase one of Maui’s largest and most popular leisure destinations – the 544-key Wailea Beach Marriott Resort & Spa. Continue reading

Posted in Acquisitions/Dispositions, Blackstone Real Estate Partners IV, Commercial, Consumer, Developers, Development, Finance/Investment, honolulu, Honolulu Lead Story, Hospitality, Investors, Local, Managers, Maui hospitality, National, Owners, Professional, Property Management, Regional, Sunstone Hotel Investors Inc., Wailea Beach Marriott Resort & Spa | Leave a comment

55 KSF Former Nursing Home on Market in Trendy Bywater

If you were charmed by the assisted living center to high-end apartments redevelopment of St. Anna’s, here’s your chance to try and try your hand at a similar project. Continue reading

Posted in Acquisitions/Dispositions, apartment conversion, Architecture/Design, Assisted Living, Brokers, Bywater, Condo, Co-op, HOA, Corporate Realty, Developers, Development, economy, Finance/Investment, Financiers, Health Care, Investors, Leasing, Local, Maintenance, Managers, mixed-use, National, New Orleans, New Orleans Lead Story, Owners, Property Management, redevelopment, Regional, St. Margaret’s Daughters | Leave a comment

Walmart to Open New eCommerce Fulfillment Center in Plainfield

Walmart, the world’s largest retailer, will locate an e-commerce warehouse and distribution center in Plainfield, where it plans to create up to 303 new jobs by 2016. Continue reading

Posted in AllPoints Midwest, Browning Investments, Commercial, Consumer, Developers, Development, duke realty, eCommerce Fulfillment Center, economy, Finance/Investment, indianapolis, Indianapolis Lead Story, Industrial, Investors, Local, Managers, National, Owners, Policy, Professional, Regional, Walmart | Leave a comment

Oakhaven Apartments Sold for $2.5M; Owner Files $22M Loan on Collierville Community

Somerset Park Apartment Homes, a 496-unit apartment community in Oakhaven has been recently sold for $2.5 million Continue reading

Posted in Acquisitions/Dispositions, Brokers, Class D apartment complex, Collierville submarket, Condo, Co-op, HOA, Conventional - Market Rate, Developers, Finance/Investment, Financiers, Investors, Local, Managers, memphis, Memphis apartment market, Memphis Crossing GP, Memphis Lead Story, Memphis Winset, Milton Grant, National, Oakhaven, Owners, Regional, single-story apartments, Somerset Park Apartment Homes, Westbrook Crossing | Leave a comment

Holiday Inn Resort Lake Buena Vista Sold

ROCH Capital has recently acquired the Holiday Inn Resort Lake Buena Vista from Vista Hospitality Company. The new owners commissioned Portfolio Hotels to manage the asset. Continue reading

Posted in Acquisitions/Dispositions, Applebee’s Neighborhood Grill & Bar, Brokers, economy, Finance/Investment, HFF, Holiday Inn, Holiday Inn Resort Lake Buena Vista, Holliday Fenoglio Fowler, Hospitality, Investors, Lake Buena Vista, Local, management, Managers, Max Comess, Michael Weinberg, National, orlando, Orlando Lead Story, Portfolio Hotels, Property Management, real capital analytics, Regional, ROCH Capital, Vista Hospitality Company | Leave a comment

RLJ Lodging Trust Sells Holiday Inn Austin NW Arboretum Area for $13.5 Million

One of the hotels nestled in the hills of northwest Austin has left RLJ Lodging Trust’s portfolio. Details about the transaction have not been disclosed. Continue reading

Posted in Acquisitions/Dispositions, austin, Austin Lead Story, Brokers, Commercial, Finance/Investment, Financiers, Holiday Inn Austin NW Arboretum Area, Hospitality, hotel investment, Investors, Local, Managers, National, operations, Professional, Regional, RLJ Lodging Trust | Leave a comment

New Office Complex Going Up on Pittsburgh International Airport Property in Findlay

Oxford Development Company is planning the construction of up to 100,000 square feet of speculative flex office space in Findlay Township. Continue reading

Posted in Allegheny County Airport Authority, Commercial, Developers, Development, economy, Investors, Leasing, Local, Managers, National, Office, Owners, Oxford Development Company, Parkway West corridor, pittsburgh, Pittsburgh Lead Story, Pittsburgh office, Policy, Professional, Regional | Leave a comment

Sundt to Manage Construction of Science Building at SCCD’s National City Campus

The latest building of the Southwestern Community College District is finally underway as the school has announced its developer choice for a new science building. SCCD has selected Sundt Construction to carry out the construction process at the college’s Higher Education Center located in San Diego’s National City. Sundt was named Construction Manager at Risk for the new science building project in which the school will be investing around $15.3 million. Continue reading

Posted in Commercial, community college, Developers, Development, economy, Education, executive transitions, Finance/Investment, Financiers, Investors, Local, Managers, National, National City, Policy, Professional, Property Management, Regional, San Diego, San Diego Lead Story, Southwestern Community College District, Sundt Construction Inc. | Leave a comment

Martin Fein Interests Develops 335-Unit Luxury Apartment Complex Near Crabtree Valley Mall in Raleigh

Martin Fein Interests is planning to break ground on a 335-unit luxury apartment complex on the Kidd’s Hill Plaza property behind Crabtree Valley Mall in Raleigh in the next few weeks. Continue reading

Posted in Consumer, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Investors, Kidd’s Hill Plaza, Leasing, Local, luxury, Managers, Martin Fein Interests, Multi-Family, National, Owners, Professional, Raleigh apartment, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Terwilliger Pappas, Weingarten Realty Investors | Leave a comment

29th Street Capital Acquires MF Property; eBay to Expand Presence in Illinois

Real estate investment and advisory firm 29th Street Capital recently announced it has closed on a multi-family property located in the Bridgeport neighborhood of Chicago. Continue reading

Posted in 29th Street Capital, Acquisitions/Dispositions, Braintree, chicago, Chicago Lead Story, Commercial, Conventional - Market Rate, eBay, economy, Finance/Investment, Financiers, Investors, Leasing, Local, Managers, Merchandise Mart, Multi-Family, National, Office, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, Residential, Tech, Technology, The Illinois Department of Commerce and Economic Opportunity | Leave a comment

The Curtis, Denver’s Pop Culture Hotel, Completes Renovation

The Curtis – a Doubletree by Hilton has recently completed an extensive $7 million property renovation that included upgrades to all guest rooms and a lobby expansion. Continue reading

Posted in 1405 Curtis Street, Architecture/Design, Commercial, Consumer, Consumer Type, denver, Denver Lead Story, Denver pop culture hotel, Developers, Development, Finance/Investment, Hospitality, Investors, Local, Maintenance, Managers, National, operations, Professional, Property Management, Property Type, Regional, Sage Hospitality, The Curtis | Leave a comment

The Curtis, Denver’s Pop Culture Hotel, Completes Renovation

The Curtis – a Doubletree by Hilton has recently completed an extensive $7 million property renovation that included upgrades to all guest rooms and a lobby expansion. Continue reading

Posted in 1405 Curtis Street, Architecture/Design, Commercial, Consumer, Consumer Type, denver, Denver Lead Story, Denver pop culture hotel, Developers, Development, Finance/Investment, Hospitality, Investors, Local, Maintenance, Managers, National, operations, Professional, Property Management, Property Type, Regional, Sage Hospitality, The Curtis | Leave a comment

Hines Announces U.S. Bank Plaza Earns LEED Gold Certification

Hines recently announced that U.S. Bank Plaza in Minneapolis has received LEED Gold certification from the U.S. Green Building Council under the Existing Buildings Rating System. Continue reading

Posted in Architecture/Design, Commercial, Consumer Type, Green, Hines, Investors, Leasing, LEED Gold, Local, Managers, minneapolis, Minneapolis Lead Story, National, Office, operations, Owings & Merrill, Owners, Policy, Professional, Property Management, Property Type, Regional, Skidmore, U.S. Bank Plaza, USGBC | Leave a comment

Construction Begins on Howard Hughes Corp.’s First Residential High-Rise at Ward Village in Honolulu

Joined by community leaders, future residents, partners and stakeholders, The Howard Hughes Corporation celebrated the groundbreaking of the first residential tower of Ward Village, a beachfront master planned community rising in the heart of downtown Honolulu. Continue reading

Posted in Anaha, Commercial, Condo, Co-op, HOA, Consumer, Developers, Development, economy, Finance/Investment, honolulu, Honolulu Lead Story, Investors, Local, luxury, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, The Howard Hughes Corporation, Waiea, Ward Village | Leave a comment

Bristol I at Southport Scores $27.6M Loan Arranged by Johnson Capital

Johnson Capital recently completed a financing deal for an apartment complex in Renton, Washington. The company has provided a loan worth $27.6 million for the Bristol I at Southport community, a residential property completed back in 2002. Amos Smith and Sea Skelton, currently with Johnson Capital’s Irvine, CA office worked on behalf of the property owner to arrange the financing for the asset. Continue reading

Posted in Bristol I at Southport, Conventional - Market Rate, economy, finacing, Finance/Investment, Financiers, Investors, Johnson Capital, Loan, Local, Managers, Multi-Family, National, Owners, Policy, Professional, Property Management, Puget Sound residential market, Regional, Residential, seattle, Seattle Lead Story, Seattle multifamily | Leave a comment

YMCA to Begin Construction on $22M Project at CityWay in Downtown Indianapolis Next Month

The YMCA of Greater Indianapolis will break ground on a new $22 million facility at the CityWay development in downtown Indianapolis next month. Continue reading

Posted in Buckingham Companies, CityWay, Commercial, Consumer, Developers, Development, Education, Eli Lilly and Company, Finance/Investment, Hospitality, indianapolis, Indianapolis Lead Story, Investors, Leasing, Local, Managers, National, Owners, Professional, Regional, YMCA at CityWay | Leave a comment

YMCA to Begin Construction on $22M Project at CityWay in Downtown Indianapolis Next Month

The YMCA of Greater Indianapolis will break ground on a new $22 million facility at the CityWay development in downtown Indianapolis next month. Continue reading

Posted in Buckingham Companies, CityWay, Commercial, Consumer, Developers, Development, Education, Eli Lilly and Company, Finance/Investment, Hospitality, indianapolis, Indianapolis Lead Story, Investors, Leasing, Local, Managers, National, Owners, Professional, Regional, YMCA at CityWay | Leave a comment

East Charlotte Could See Development of $65M Sports Complex

Bojangles Coliseum and its surrounding area could be redeveloped into a $65 million amateur sports complex, pending city council approval Continue reading

Posted in Acquisitions/Dispositions, amateur sports complex, Architecture/Design, Bojangles Coliseum, Brokers, charlotte, Charlotte Lead Story, Charlotte redevelopment, city funding, Consumer, Developers, Development, economy, Finance/Investment, Financiers, Focus, Hospitality, indoor sports complex, Investors, Local, Maintenance, Managers, National, Ovens Auditorium, Owners, Policy, Regional, tax incentives | Leave a comment

Vyne on Central Completes Second Phase; Creekside Apartments Refinanced

Real estate firm 759 Ventures has completed the 65-unit second phase of Vyne on Central, a condo-turned-apartment project in Charlotte’s Plaza-Midwood neighborhood Continue reading

Posted in 759 Ventures, Architecture/Design, Brokers, charlotte, Charlotte Lead Story, condo conversion, Condo, Co-op, HOA, Conventional - Market Rate, Creekside Apartments, Developers, Development, Fannie Mae, Finance/Investment, Financiers, Green, Investors, Local, Managers, National, NorthMarq Capital, Owners, Plaza-Midwood, refinancing, Regional, Vyne on Central | Leave a comment

Hines and Oaktree Partner Yet Again for the Acquisition of Brea Place Office Campus

International real estate firm Hines recently announced the purchase of Brea Place, a sprawling office campus that also includes a plot of mixed-use development land, part of its ongoing partnership with Oaktree Capital Management. Financial terms of the deal were not disclosed to the press. Continue reading

Posted in Acquisitions/Dispositions, Brea Place, Brokers, Commercial, economy, Finance/Investment, Financiers, Hines, Investors, Leasing, Local, Los Angeles Lead Story, los-angeles, Managers, National, North Orange County, Oaktree Capital Management, Office, office campus, Owners, Policy, Professional, Property Management, Regional | Leave a comment

W.P. Carey Inc. Acquires $48 Million Distribution Facility

W.P. Carey Inc. recently announced it has acquired an 824,624-square-foot distribution facility just outside of Chicago. The property was purchased from Exeter Property Group for a total acquisition price of approximately $48 million. Continue reading

Posted in Acquisitions/Dispositions, chicago, Chicago Lead Story, Commercial, Developers, economy, Exeter Property Group, Finance/Investment, Industrial, Investors, Leasing, Local, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, The J.M. Smucker Company, W. P. Carey Inc. | Leave a comment

ViaWest Opens New $208 Million Data Center

ViaWest has recently opened its latest Denver-area data center in order to meet the growing demand from companies for cloud computing. Continue reading

Posted in Architecture/Design, Commercial, Compark Center, Data Center, denver, Denver Lead Story, Development, economy, Finance/Investment, Investors, Leasing, Local, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, Tech, Technology, ViaWest | Leave a comment

City Planning Commission Green Lights First Holiday Inn Hotel in Downtown Pittsburgh

In a 6-0 vote, the City Planning commission has approved the construction of the proposed eight-story, 99-key Holiday Inn hotel in downtown Pittsburgh. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Developers, Development, Finance/Investment, GreatStay Hospitality Partners LLC, Holiday Inn, Hospitality, Investors, Local, Managers, National, Owners, pittsburgh, Pittsburgh Lead Story, Policy, Professional, Property Management, Regional, The Forza Group | Leave a comment

Hermitage Community Sold for $13.8M; 254-unit Estates of Brentwood Up for Sale

261-unit Green Leaf at Hermitage has been sold by Green Leaf Hermitage LLC, an affiliate of Danville, California-based equity firm Green Leaf Partners Continue reading

Posted in Acquisitions/Dispositions, apartment sale, Architecture/Design, Brentwood, Brokers, Condo, Co-op, HOA, Conventional - Market Rate, Finance/Investment, Financiers, Green Leaf Partners, Hermitage, Investors, JLL, Leasing, Local, luxury, Managers, Merion Realty Partners, nashville, Nashville apartment market, Nashville Lead Story, National, Owners, Property Management, Regional, Southeast Multi-Family Capital Markets Group, Spyglass Capital Partners, Vincent Lefler | Leave a comment

Hermitage Community Sold for $13.8M; 254-unit Estates of Brentwood Up for Sale

261-unit Green Leaf at Hermitage has been sold by Green Leaf Hermitage LLC, an affiliate of Danville, California-based equity firm Green Leaf Partners Continue reading

Posted in Acquisitions/Dispositions, apartment sale, Architecture/Design, Brentwood, Brokers, Condo, Co-op, HOA, Conventional - Market Rate, Finance/Investment, Financiers, Green Leaf Partners, Hermitage, Investors, JLL, Leasing, Local, luxury, Managers, Merion Realty Partners, nashville, Nashville apartment market, Nashville Lead Story, National, Owners, Property Management, Regional, Southeast Multi-Family Capital Markets Group, Spyglass Capital Partners, Vincent Lefler | Leave a comment

Loews Hotels & Resorts to Acquire 255-Room Graves 601 Hotel Wyndham Grand

Loews Hotels & Resorts recently announced that it has entered into an agreement to acquire the Graves 601 Hotel Wyndham Grand. The property will be purchased from the Graves Hospitality Corporation in a deal that is expected to close in early July. Continue reading

Posted in 601 First Avenue North, Acquisitions/Dispositions, Commercial, Consumer Type, economy, Finance/Investment, Graves 601 Hotel Wyndham Grand, Graves Hospitality Corporation, Hospitality, Investors, Local, Loews Chicago Hotel, Loews Hotels & Resorts, Managers, minneapolis, Minneapolis Lead Story, National, operations, Owners, Professional, Property Management, Property Type, Regional | Leave a comment

Blackstone, Hilton Launch Construction of Timeshare Tower at Hilton Hawaiian Village Waikiki

Blackstone and Hilton Worldwide have celebrated the groundbreaking of a new 418-unit vacation ownership tower at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu. Continue reading

Posted in Blackstone, Commercial, Consumer, Developers, Development, Finance/Investment, Hilton Hawaiian Village Waikiki Beach, Hilton Worldwide, honolulu, Honolulu Lead Story, Hospitality, Investors, Local, Managers, National, Owners, Professional, Property Management, Regional, The Grand Islander by Hilton Grand Vacations Club | Leave a comment

P&H Properties Acquires Land in Broken Arrow for Retail Development

Broken Arrow City councilors recently approved plans to sell 6.2 acres of land located on the north side of Tiger Hill. With a 3-0 vote the councilors agreed to enter into a memorandum of understanding with P&H Properties LLC for the sale of the site for $3 million. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Hillside Crossings, Investors, Leasing, Local, Managers, Municipal, National, Office, Owners, P&H Properties LLC, Policy, Professional, Property Management, Property Type, Regional, Residential, Retail, Sinclair Building, Tiger Hill, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

HFF Marketing Miami Waterfront Site that is Approved for Two Towers, 1,500-Plus Units

Holliday Fenoglio Fowler has got the assignment to of marketing the two-acre development site at 300-330 Biscayne Boulevard, also known as The Empire World Towers Site. Continue reading

Posted in 300 Biscayne, Acquisitions/Dispositions, Brokers, CDR Creances S.A.S., Condo, Co-op, HOA, economy, Finance/Investment, Hermen Rodriguez, HFF, Holliday Fenoglio Fowler, Investors, Jaret Turkell, Local, luxury, luxury residential, Managers, Manuel de Zárraga, miami, Miami Lead Story, National, Property Management, Regional, Scott Wadler, The Empire World Towers, waterfront | Leave a comment

HFF Marketing Miami Waterfront Site that is Approved for Two Towers, 1,500-Plus Units

Holliday Fenoglio Fowler has got the assignment to of marketing the two-acre development site at 300-330 Biscayne Boulevard, also known as The Empire World Towers Site. Continue reading

Posted in 300 Biscayne, Acquisitions/Dispositions, Brokers, CDR Creances S.A.S., Condo, Co-op, HOA, economy, Finance/Investment, Hermen Rodriguez, HFF, Holliday Fenoglio Fowler, Investors, Jaret Turkell, Local, luxury, luxury residential, Managers, Manuel de Zárraga, miami, Miami Lead Story, National, Property Management, Regional, Scott Wadler, The Empire World Towers, waterfront | Leave a comment

Presidium Group Acquires Two Multifamily Communities in Austin

Austin not only won the title of the fastest growing metro area in Texas, but also is ranked as one of the fastest growing stable employment sectors in the nation, according to a Marcus and Millichap report. Investors are well aware of this fact and grow their portfolios; Presidium Group seems really focused in this regard. Continue reading

Posted in acquisition, Acquisitions/Dispositions, austin, Austin Lead Story, Brokers, Conventional - Market Rate, Developers, Finance/Investment, Financiers, Green, Hidden Villas, investment, Investors, Laurel Woods, Local, Managers, Marcus and Millichap, Multi-Family, National, Presidium Group, Professional, Regional, Residential | Leave a comment

Herman & Kittle Plans $28M Apartment Complex in Indianapolis; Steadfast Income REIT Acquires 222-unit Multi-Family Community in Fort Wayne

Herman & Kittle Properties Inc. is planning the construction of an apartment complex with 211 units in the Fountain Square area of downtown Indianapolis. Continue reading

Posted in Acquisitions/Dispositions, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Herman & Kittle Properties Inc., indianapolis, Indianapolis apartment, Indianapolis Lead Story, Investors, Leasing, Local, Managers, Multi-Family, National, Oak Crossing Fort Wayne, Owners, Professional, Property Management, Regional, Residential, Steadfast Income REIT Inc. | Leave a comment

Crescent Communities’ 300-Unit Apartment Property in Durham Opens This Month; Franklin Hotel to Carry Hilton’s Curio Boutique Hotel Brand

The Crescent Ninth Street multi-family community in north Durham is scheduled to open this month, the Herald Sun reports. Continue reading

Posted in Commercial, Consumer, Conventional - Market Rate, Crescent Communities, Crescent Ninth Street, Developers, Development, Franklin Hotel Chapel Hill, Hilton Curio, Hospitality, Investors, Leasing, Local, Managers, Multi-Family, National, Owners, Professional, Property Management, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential | Leave a comment

FirstService Residential to Provide HOA Management for Hill Farm

The Hill Farm community in northeast Tucson has recently selected FirstService Residential to provide HOA management services for the Hill Farm Homeowners Association. Continue reading

Posted in Condo, Co-op, HOA, economy, FirstService Corporation, FirstService Residential, Fort Lowell Historic District, Hill Farm, Hill Farm Homeowners Association, Hill Farm House, HOA, Jason Proudfit, Josias Joesler, Local, management, Managers, National, Property Management, Regional, tucson, Tucson Lead Story | Leave a comment

Cypress Set to Break Ground in September on Gensler-Designed Market Street Place

Redevelopment is sometimes the best chance a forgotten city block has at resurgence. That’s exactly what Cypress Equities has planned for its Mid-Market San Francisco project, located on Market Street between 5th and 6th. Cypress recently announced that it has decided that it will hold an official ground breaking for the $150-million development project this September. Continue reading

Posted in Architecture/Design, Commercial, Cypress Equities, Developers, Development, economy, Finance/Investment, Gensler, Investors, Leasing, Local, Managers, Market Street Place, Mid-Market, Municipal, National, Owners, Professional, Regional, Retail, retail center, San Francisco Lead Story, San Francisco redevelopment, san-francisco, SRS Real Estate Partners | Leave a comment

New Loews Chicago Hotel Joins ALHI

Associated Luxury Hotels International recently expanded its portfolio with the addition of the new Loews Chicago Hotel which is scheduled to open in the beginning of 2015. AHLI will provide Global Sales Organization support, expertise and sales services for the new Chicago Hotel. Continue reading

Posted in Architecture/Design, Associated Luxury Hotels International, chicago, Chicago Lead Story, Commercial, Developers, Development, DRW Trading Group, Hospitality, Local, Loews Chicago Hotel, Loews Hotels & Resorts, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, Solomon Cordwell Buenz | Leave a comment

SpringHill Suites Denver Downtown Becomes First LEED Gold Certified Hotel in Denver

The SpringHill Suites Denver Downtown at MSU Denver recently announced it has received LEED Gold certification for New Construction from the U.S. Green Building Council. Continue reading

Posted in Architecture/Design, Commercial, Consumer Type, denver, Denver Lead Story, Developers, Development, Education, Green, Hospitality, LEED Gold, Local, Managers, Metropolitan State University of Denver, National, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, Sage Hospitality, SpringHill Suites Denver Downtown at MSU Denver | Leave a comment

GMH Capital Partners Acquires High-End Apartment Community in Pittsburgh; Parkway Center in Green Tree Sells for $39M

GMH Capital Partners of Newtown Square near Philadelphia has acquired the Cork Factory Lofts in the Strip District, one of Pittsburgh’s premier apartment complexes. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Cork Factory Lofts, Developers, Finance/Investment, GMH Capital Partners, Investors, Leasing, Local, luxury, Managers, Multi-Family, National, Office, Owners, Parkway Center in Green Tree, pittsburgh, Pittsburgh Lead Story, Professional, Regional, Residential | Leave a comment

CSM Plans Two Speculative Developments in Minnesota

Minneapolis-based CSM Corporation recently announced plans to develop two speculative commercial real estate projects in Minnesota. The first project calls for the construction of a 202,000-square-foot office and warehouse facility in Brooklyn Park and the second for a 270,000-square-foot bulk warehouse facility in Rogers. Continue reading

Posted in Architecture/Design, Brokers, Cassidy Turley, CBRE, Commercial, CSM Corporation, Developers, Development, economy, Finance/Investment, Industrial, Investors, Leasing, Local, Managers, minneapolis, Minneapolis Lead Story, National, Office, operations, Owners, Professional, Property Management, Property Type, Regional | Leave a comment

Long-Stalled Skyline Honolulu Residential Project Back on Track

An affiliate of locally-based Form Partners, LLC has revived its plans for Skyline Honolulu, a 140-unit condominium project slated to rise on the slopes of Punchbowl crater in the heart of downtown. Continue reading

Posted in Condo, Co-op, HOA, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Form Partners LLC, honolulu, Honolulu Lead Story, Investors, Local, Managers, Multi-Family, National, Owners, Professional, Prospect Properties, Regional, Residential, Skyline Honolulu, U.S. Pacific Development LLC | Leave a comment

TM Crowley Plans to Add 352 Apartments to Mixed-Use in Noblesville; New Medical Resort Coming to Crown Point

Carmel-based TM Crowley Development LLC is planning to add a 352-unit apartment community to its mixed-use commercial project in Noblesville. Continue reading

Posted in Assisted Living, Claremont of Crown Point, Commercial, Conner Crossing, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, indianapolis, Indianapolis Lead Story, Investors, Leasing, Local, Mainstreet Property Group, Managers, mixed-use, Multi-Family, National, Owners, Policy, Professional, Regional, Residential, Retail, Senior, TM Crowley Development | Leave a comment

Promise Hotels, Ross Group Break Ground on Holiday Inn Express and Conference Center in Claremore

Tulsa-based Promise Hotels and The Ross Group recently started work on their fifth joint venture project, a new Holiday Inn Express and conference center in Claremore. Project and city officials attended a ground breaking ceremony which took place at 1400 West Country Club Lane. Continue reading

Posted in 1400 West Country Club Lane, Central Edmond Urban Development Board, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Holiday Inn Express, Hospitality, Leasing, Local, Managers, National, Office, Policy, Professional, Promise Hotels, Property Management, Property Type, Regional, Retail, The Ross Group, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

PMC Property, Kimpton Hotels to Convert Iconic 314,000-Sq.-Ft. Reynolds Building to Mixed-Use Upscale Apt. Property; State’s First Craft Beer Incubator Coming to Rocky Mount

The historic art-deco style Reynolds Building in Winston-Salem will once again become the centerpiece of downtown activity, according to Andrew D. Gilchrist, president and chief commercial officer of R.J. Reynolds Tobacco Company. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Hospitality, Investors, Kimpton Hotels & Restaurants, Leasing, Local, luxury, Managers, mixed-use, Multi-Family, National, Owners, PMC Property Group, Professional, Property Management, R.J. Reynolds Tobacco Company, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Reynolds Building | Leave a comment

Gulf Coast Housing, Mid City Opens $7.1M Affordable Townhomes Project

The Louisiana Housing Corporation (LHC)recently celebrated the grand opening of the Belt Line Townhomes affordable housing project. Continue reading

Posted in Acquisitions/Dispositions, affordable housing, Architecture/Design, Baton Rouge, Baton Rouge Lead Story, Belt Line Townhomes, blight reduction, Brokers, Choctaw Lodge, Developers, Development, disaster mitigation, economy, Finance/Investment, Financiers, grant funding, Gulf Coast Housing Partnership, Investors, Local, Louisiana Housing Corporation, Maintenance, Managers, Mid City Redevelopment Alliance, National, Our Plan B Inc., Palmer-Northway Apartments, permanent supportive housing, Policy, Property Management, redevelopment, Regional, tax credits | Leave a comment

CVMC REIT Pays $211.7 Million for 250,000-Square-Foot Chicago Data Center

Carter Validus Mission Critical REIT Inc. has acquired the Chicago Data Center Facility in the Northlake suburb of Chicago for $211.7 million. The REIT will provide new capital for the continued build out and expansion of the facility. Continue reading

Posted in Acquisitions/Dispositions, Ascent, Brokers, Carter Validus Mission Critical REIT Inc., Carter/Validus Advisors, chicago, Chicago Lead Story, Commercial, Data Center, Developers, Development, Finance/Investment, Investors, Leasing, Local, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, Tech, Technology, The Chicago Data Center | Leave a comment

City Office REIT Inc. to Acquire 197,000-Square-Foot Plaza 25 in Denver

By Gabriel Circiog, Associate Editor City Office REIT Inc. recently announced it has entered into an agreement to acquire Plaza 25 in Denver for a purchase price of $25.1 million. As major conditions to the acquisition have been satisfied, the transaction is expected to close in early June 2014. Located in the Greenwood Plaza submarket [...] Continue reading

Posted in Acquisitions/Dispositions, City Office REIT Inc., Commercial, denver, Denver Lead Story, economy, Finance/Investment, Investors, Leasing, Local, Managers, National, Office, Owners, Plaza 25, Professional, Property Management, Property Type, Regional | Leave a comment

DiamondRock Hospitality Completes Renovation of 821-Room Hilton Minneapolis

DiamondRock Hospitality Company recently announced that it has successfully completed its $13 million renovation of the Hilton Minneapolis. The revamping project, which started in November 2013 included guest rooms, guest bathrooms and corridors. Continue reading

Posted in Architecture/Design, Commercial, Consumer, Consumer Type, Developers, DiamondRock Hospitality Company, economy, Finance/Investment, Green, Hilton Minneapolis, Hospitality, Investors, Local, Maintenance, Managers, minneapolis, Minneapolis Lead Story, National, operations, Owners, Professional, Property Management, Property Type, Regional, The Gettys Group | Leave a comment

Kauai’s Legendary Coco Palms Resort to Reopen Under Hyatt Umbrella in 2017

Following an extensive reconstruction period scheduled to begin next year, the famed Coco Palms Resort on Kauai will reopen under the Hyatt Hotels brand in early 2017. Continue reading

Posted in Coco Palms Resort, Commercial, Consumer, Developers, Development, Finance/Investment, honolulu, Honolulu Lead Story, Hospitality, Investors, Kauai hospitality, Local, Managers, National, Owners, Professional, Property Management, Regional, The Hyatt Hotels Corp. | Leave a comment

$22M Rehab Facility Breaks Ground in New Orleans BioDistrict

By Eliza Theiss, Associate Editor Cobalt Medical Development, a Dallas-based private healthcare real estate development and investment company, broke ground on a $22 million healthcare rehabilitation center in Mid-City, Canal Street Beat reported. As previously reported, the private healthcare developer announced plans for the facility in early fall of 2013, targeting groundbreaking by fall 2014 [...] Continue reading

Posted in Architecture/Design, Cobalt Medical Development, Developers, Development, economy, Finance/Investment, Financiers, Health Care, hotel amenities, Investors, job creation, Local, Managers, Mid-City, National, New Orleans, New Orleans BioDistrict, New Orleans healthcare market, New Orleans Lead Story, obalt Rehabilitation Hospital of New Orleans, Owners, Property Management, Regional | Leave a comment

TwinRock Partners Pays $16.5M for Tulsa M-F Complex; Rogers State Breaks Ground on $11.5M Student Housing Project

Newport Beach, California-based TwinRock Partners recently acquired the Copper Mill Apartments from Fayetteville, Arkansas-based Trinity Multifamily for $16.5 million. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Conventional - Market Rate, Copper Mill Apartments, Developers, Development, economy, Finance/Investment, Investors, Leasing, Local, Lynco Properties, Managers, Multi-Family, National, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, Residential, Rogers State University, Student, Trinity Multifamily, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story, TwinRock Partners, University Village C | Leave a comment

The Alexander at CityWay in Indianapolis Achieves LEED Silver Certification; Online Tech Acquires Data Center in Indianapolis

Named among TripAdvisor’s Top Ten Hot New Hotels in the U.S. in 2013, The Alexander in downtown Indianapolis has been awarded LEED Silver certification in the New Construction & Major Renovations category. Continue reading

Posted in Acquisitions/Dispositions, CityWay, Commercial, Consumer, Data Center, Developers, Development, economy, Finance/Investment, Green, Hospitality, indianapolis, Indianapolis Lead Story, Investors, LEED silver, Local, Managers, National, Owners, Professional, Property Management, Regional | Leave a comment

The Alexander at CityWay in Indianapolis Achieves LEED Silver Certification; Online Tech Acquires Data Center in Indianapolis

Named among TripAdvisor’s Top Ten Hot New Hotels in the U.S. in 2013, The Alexander in downtown Indianapolis has been awarded LEED Silver certification in the New Construction & Major Renovations category. Continue reading

Posted in Acquisitions/Dispositions, CityWay, Commercial, Consumer, Data Center, Developers, Development, economy, Finance/Investment, Green, Hospitality, indianapolis, Indianapolis Lead Story, Investors, LEED silver, Local, Managers, National, Online Tech, Owners, Professional, Property Management, Regional, The Alexander | Leave a comment

The Alexander at CityWay in Indianapolis Achieves LEED Silver Certification; Online Tech Acquires Data Center in Indianapolis

Named among TripAdvisor’s Top Ten Hot New Hotels in the U.S. in 2013, The Alexander in downtown Indianapolis has been awarded LEED Silver certification in the New Construction & Major Renovations category. Continue reading

Posted in Acquisitions/Dispositions, Buckingham Companies, CityWay, Commercial, Consumer, Data Center, Developers, Development, economy, Finance/Investment, Green, Hospitality, indianapolis, Indianapolis Lead Story, Investors, LEED silver, Local, Managers, National, Online Tech, Owners, Professional, Property Management, Regional, The Alexander | Leave a comment

Village Green Breaks Ground on Major Apartment Development in Downtown Pittsburgh

Village Green Cos. of Detroit has recently celebrated the groundbreaking of Morrow Park City Apartments, one of the largest new residential rental buildings in the city’s East End. Continue reading

Posted in Brokers, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Investors, Leasing, Local, Managers, mixed-use, Morrow Park City Apartments, Multi-Family, National, Office, Owners, Oxford Development, pittsburgh, Pittsburgh Lead Story, Professional, Regional, Residential, Retail, Rycon Construction, Village Green Cos. | Leave a comment

Brennan Investment Group and Westminster Capital Sell Ogden Corporate Center

Chicago-based Brennan Investment Group LLC and its joint venture partner Lake Forest, Ill.-based Westminster Capital recently announced the sale of Ogden Corporate Center to a private investor. Continue reading

Posted in Acquisitions/Dispositions, Brennan Investment Group LLC, chicago, Chicago Lead Story, Commercial, Consumer Type, DuPage Medical Group, economy, Finance/Investment, Financiers, Investors, Leasing, Local, Managers, National, Office, Ogden Corporate Center, operations, Owners, Professional, Property Management, Property Type, Regional, Westminster Capital | Leave a comment

Dominion-Prudential JV Plans New, 105,000-Sq.-Ft., Wade Office Park Building in West Raleigh

Dominion Realty Partners is planning the development of a third building at the Wade office park near PNC Arena in West Raleigh. Continue reading

Posted in Acquisitions/Dispositions, Avison Young, Brokers, Commercial, Developers, Development, Dominion Realty Partners, Finance/Investment, Investors, Leasing, Local, Managers, National, Office, Owners, Professional, Prudential Real Estate Investors, Raleigh office, Raleigh-Durham, Raleigh-Durham Lead Story, Regional | Leave a comment

Incentives Aim to Green Up New York, Reduce Operating Costs for Building Owners

A recent study found that 75 percent of greenhouse gasses in New York City are being generated by buildings, a majority of which are multifamily residential buildings. The alarming figures have prompted companies to develop programs that incentivize green upgrades in an effort to entice multifamily building owners to curb emissions. Continue reading

Posted in Con Edison, emissions, energy reductions, Finance/Investment, FirstService Residential, Green, Headline News, Maintenance, Managers, Multifamily, Multifamily Performance Program, New York City, Northeast, NYSERDA, Residential, Spotlight On, sustainability, Technology | Leave a comment

Nation’s Only Downtown Outlet Center Opens in New Orleans

The Howard Hughes Corporation’s much anticipated The Outlet Collection at Riverwalk is gearing up for its Memorial Day Weekend grand opening. Set to welcome shoppers from May 22, Riverwalk will be the only downtown outlet center in the U.S. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Brokers, Consumer, Developers, Development, downtown outlet center, economy, Finance/Investment, Financiers, Investors, job creation, Leasing, Local, Maintenance, Managers, National, New Orleans, New Orleans Lead Story, New Orleans retail market, operations, Owners, Policy, Property Management, redevelopment, Regional, Retail, Six Flags New Orleans, The Howard Hughes Corporation, The Outlet Collection at Riverwalk | Leave a comment

Nation’s Only Downtown Outlet Center Opens in New Orleans

The Howard Hughes Corporation’s much anticipated The Outlet Collection at Riverwalk is gearing up for its Memorial Day Weekend grand opening. Set to welcome shoppers from May 22, Riverwalk will be the only downtown outlet center in the U.S. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Brokers, Consumer, Developers, Development, downtown outlet center, economy, Finance/Investment, Financiers, Investors, job creation, Leasing, Local, Maintenance, Managers, National, New Orleans, New Orleans Lead Story, New Orleans retail market, operations, Owners, Policy, Property Management, redevelopment, Regional, Retail, Six Flags New Orleans, The Howard Hughes Corporation, The Outlet Collection at Riverwalk | Leave a comment

AC Development Breaks Ground on M-U Stonebridge Village Project; Hunt Properties Starts Work on Shawnee Marketplace

Local officials and developers recently gathered for the ground breaking ceremony of the Stonebridge Village development in Enid, Oklahoma. Continue reading

Posted in AC Development, Commercial, Conventional - Market Rate, Developers, Development, economy, Enid Regional Development Alliance, Finance/Investment, Financiers, Hunt Properties Inc., Leasing, Local, Managers, mixed-use, Multi-Family, National, Office, Owners, Policy, Professional, Property Management, Property Type, Regional, Residential, Retail, Shawnee Marketplace, single-family, Stonebridge Village, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story, Vector Companies | Leave a comment

CenterPoint Energy Announces Acquisition of New Facility; Hines REIT Sells $67M Portfolio

Houston, Texas-based CenterPoint Energy recently announced it has closed on the purchase of a new 100,000-square-foot facility in Minneapolis. Located at 505 Nicollet Mall, the new location will house over 300 natural gas employees from two locations, but primarily from leased space at LaSalle Plaza. Continue reading

Posted in 505 Nicollet Mall, Acquisitions/Dispositions, Brokers, CenterPoint Energy, Commercial, Finance/Investment, Green, Greenfield Partners, Hines REIT Inc., Industrial, Investors, Leasing, Local, Managers, minneapolis, Minneapolis Lead Story, National, Office, operations, Owners, Professional, Property Management, Property Type, Regional | Leave a comment

Vision Ventures, Mount Vernon Sells EpiCentre to CIM Group for $130.5M

HFF announced closing the sale of The EpiCenter a 305,147-square-foot mixed-use entertainment in Charlotte’s city center. Continue reading

Posted in Acquisitions/Dispositions, Brokers, charlotte, Charlotte Lead Story, CIM Group, EpiCentre, Finance/Investment, Financiers, HFF, Hospitality, Investors, Leasing, Local, Managers, mixed-use, Mount Vernon Asset Management, National, Office, Owners, Property Management, Regional, Retail, transit-oriented development, Uptown Charlotte, urban infill, Vision Ventures | Leave a comment

Construction of Crescent Gateway in Altamonte Springs is in the Works

Crescent Gateway, Crescent Communities’ luxury apartment community is underway at the intersection of Maitland Boulevard and state Route 434. The company is building an 80-acre, mixed-use project and the residential component represents the first phase. Another 300,000 square feet of office and retail space, and potentially a hotel, are in the pipeline. A groundbreaking ceremony was held May 15. Continue reading

Posted in Altamonte Springs, Architecture/Design, Charlan Brock and Associates, CNL Growth Properties Inc, Condo, Co-op, HOA, construction, Crescent Communities, Crescent Gateway, Crescent Multifamily Construction, Developers, Development, Dix.Hite + Partners, DRMP, economy, equity investment, Finance/Investment, Financiers, Investors, Local, luxury, luxury apartment, Managers, National, orlando, Orlando Lead Story, PNC Bank, Property Management, Regional, Vignette Interior Design, ZRS | Leave a comment

RED Development to Break Ground on 800 KSF Mixed-Use Project in Uptown Dallas

Phoenix-based RED Development plans to break ground on Akard Place, an 800,000-square-foot mixed-use project in Uptown Dallas. Continue reading

Posted in Akard Place, Architecture/Design, Brokers, dallas, Dallas Lead Story, Developers, Development, economy, Finance/Investment, Financiers, Graphite Design Group, Investors, Klyde Warren Park, Leasing, Local, Managers, mixed-use, mixed-use project, National, OJB, Property Management, RED Development, Regional, StreetLights Residential, The Office of James Burnett, Uptown Dallas | Leave a comment

Franklin Johnston Brings 2 Affordable Housing Communities to Norfolk

The Virginia Beach-based Franklin Johnston Group (FJG) is working hard to bring two new affordable living communities to Norfolk. Together, the two projects call for the construction of over 450 units. Continue reading

Posted in affordable housing, Developers, Development, Forrest Pines Senior Community, Franklin Johnston Group, Hampton Roads, Local, Managers, Marlyn Development Corporation, Multi-Family, Multifamily, National, Property Management, Regional, Richmond-Hampton Roads, Richmond-Hampton Roads Lead Story, Senior, The Crossings at Berkley Station, The Pointe at Pickett Farm, The Woodlands | Leave a comment

Trademark Property Announces Major Mixed-Use Development Near Crabtree Valley Mall in Raleigh

Trademark Property Co. of Fort Worth, Texas has announced plans for the construction of a new mixed-use project on Glenwood Avenue in Raleigh. Continue reading

Posted in Carolina Row at Crabtree Valley, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Hospitality, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Retail, Trademark Property Co. | Leave a comment

Santa Fe Opera’s ‘Setting the Stage’ Campaign Undertakes $35 Million for Renovation and Expansion

Since New York conductor John Crosby founded the company in 1956 and presented to the public its first performance of Puccini’s Madama Butterfly a year later, The Santa Fe Opera has built up its influence becoming one of the world’s most highly regarded summer opera festivals. A major piece of real estate with a splendid fusion of nature through its dramatic adobe theater, it calls home a 200-acre facility with its own waste water treatment plant, features that no other opera company in the world can claim. Continue reading

Posted in Albuquerque, Albuquerque Lead Story, Architecture/Design, Consumer, Developers, Development, economy, expansion project, Finance/Investment, Financiers, Harris Consultants, Hospitality, Investors, John Crosby, Local, Maintenance, Managers, Matiz Architecture & Design, Municipal, National, operations, Professional, Regional, renovation, Santa Fe Opera, ‘Setting the Stage’ Campaign | Leave a comment

Construction on Next Phase of Mosites Co.’s East Side Project Could Begin This Summer; Cenevo Signs Major Lease at RIDC Westmoreland

Local development company Mosites Co. is planning a summer construction start for Eastside III, a mixed-use, three-building complex in the city’s East Liberty neighborhood. Continue reading

Posted in Brokers, Cenveo Inc., Commercial, Consumer, Conventional - Market Rate, Developers, Development, East Liberty Transit Center, Finance/Investment, Industrial, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, pittsburgh, Pittsburgh Lead Story, Policy, Professional, Regional, Residential, Retail, RIDC Westmoreland | Leave a comment

Historic 850 Lake Shore Drive Earns Recognition from Chicago Association of Realtors

The conversion of the historic Lake Shore Athletic Club building into luxury apartments has won the 2014 Chicago Association of Realtors Good Neighbor Award. The distinction honors groundbreaking new and newly rehabbed or redeveloped properties in the Chicago metropolitan region that have augmented economic vibrancy in their neighborhood and boosted local pride. Continue reading

Posted in 850 Lake Shore Drive, @properties, Architecture/Design, Booth Hansen, Brokers, chicago, Chicago Lead Story, Consumer, Developers, Development, economy, Finance/Investment, Integrated Development Group LLC, Investors, Lake Shore Athletic Club, Leasing, Lend Lease, Local, luxury, Maintenance, Managers, Multi-Family, National, National Electrical Benefit Fund, Owners, Policy, Professional, Property Management, Property Type, Regional, Residential, Seneca Real Estate Advisors, Valenti Builders | Leave a comment

United Properties Acquires 24 Acres and Expands EBC Development in Stapleton

United Properties recently announced that it will expand its industrial development Enterprise Business Center. The Minneapolis-based developer and investor has acquired an additional 24 acres east of its EBC development from Forest City Stapleton Inc., the master developer for the redevelopment of Stapleton. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer Type, denver, Denver Lead Story, Developers, Development, economy, Enterprise Business Center, Finance/Investment, Forest City Stapleton Inc., Industrial, Investors, Leasing, Local, Managers, National, operations, Owners, Professional, Property Management, Property Type, Regional, Swire Coca-Cola USA, Tire Rack, United Properties | Leave a comment

Roundy’s Announces Sale of 18 Rainbow Stores and Full Exit from Minneapolis/St. Paul Market

Roundy’s Inc. recently announced that it has decided to fully exit the Minneapolis / St. Paul market. The company has entered into definitive agreements to sell 18 Rainbow stores in the Minneapolis / St. Paul market to a group of local grocery retailers, including Supervalu Inc. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, economy, Finance/Investment, Financiers, Investors, Leasing, Local, Managers, minneapolis, Minneapolis Lead Story, Moelis & Company, National, operations, Owners, Professional, Property Management, Property Type, Rainbow store, Regional, Retail, Roundy’s Inc., Supervalu Inc. | Leave a comment

Outrigger’s Oceanfront Resort in Waikiki to Undergo $100M Revitalization; Watt Advisors Completes Redevelopment of Maui’s First Outlet Center

Outrigger Enterprises Group is planning to invest $100 million in the redevelopment of its Outrigger Reef on the Beach resort in Waikiki. Continue reading

Posted in Commercial, Consumer, Developers, Development, Finance/Investment, honolulu, Honolulu hospitality, Honolulu Lead Story, Hospitality, Investors, Local, Managers, Maui retail, National, Outrigger Enterprises Group, Owners, Professional, Property Management, Regional, Retail, Watt Advisors | Leave a comment

HFF, Berkadia Complete Financing Deals for Pacific Northwest Properties

Pacific Northwest property owners and real estate investors are completing financing deals for properties as the area continues to develop, in an attempt to boost their chances at securing promising properties, or improving assets in their existing portfolios. Berkadia Commercial Mortgage LLC and Holiday Fenoglio Fowler LLC both arranged financing deals for properties in Seattle and Portland respectively. Continue reading

Posted in Brokers, Commercial, Conventional - Market Rate, economy, Finance/Investment, Financing, Hendricks-Berkadia, HFF, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Office, Owners, Policy, Portland Real Estate, Professional, Property Management, Regional, Residential, seattle, Seattle Lead Story, Seattle Real Estate, Woodlark Building | Leave a comment

Inland American Plans 23,000-Square-Foot Expansion at Tulsa Hills Shopping Center

Tulsa Hills Shopping Center is set to undergo a 23,000-square-foot expansion which is scheduled to be completed by November, 2014. Continue reading

Posted in Architecture/Design, Collett & Associates, Commercial, Developers, Development, economy, Finance/Investment, Industrial, Inland American Real Estate Trust Inc., Investors, Koch Nitrogen, Leasing, Local, Managers, Mayor Bill Shewey, National, Northstar Agri Industries, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, Retail, Sooner Investment Realty, Tulsa Hills Shopping Center, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

West Los Angeles Office Market Catches Attention of Sunrise Real Estate Group

A West LA office building was recently acquired for a reported fee of approximately $39 million. The off-market transaction was completed by a partnership consisting of Sunrise Real Estate Group with Robhana Group and 4M Investment Group who picked up the property from seller TPMC Realty Corp. Newmark Grubb Knight Frank representative Al Barasani handled the buyer’s end of the deal, while the seller represented itself. IDB Bank provided financing for the deal. The office asset last traded hands in 2008. Continue reading

Posted in Acquisitions/Dispositions, Brokers, Commercial, Development, economy, Finance/Investment, Financiers, Investors, Local, Los Angeles Lead Story, Los Angeles office market, los-angeles, Managers, National, Office, Owners, Professional, Property Management, Regional, SRG Management, Sunrise Real Estate Group, TPMC Realty Corp. | Leave a comment

Grubb Properties Moves Ahead with Plans for $35.5M Link-Branded Apartment Project

The Triangle’s first Link-branded apartment community will soon rise in the vibrant Glenwood South district of downtown Raleigh. Continue reading

Posted in Assisted Living, Cline Design Associates, Condo, Co-op, HOA, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Grubb Properties, Investors, Leasing, Link Apartments Glenwood South, Local, luxury, Managers, Multi-Family, National, Owners, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, single-family, The Charles | Leave a comment

Luxury Boutique Hotel Announces Opening in Chicago’s Andersonville Neighborhood

The Andersonville Guesthouse is set to expand and upon reopening, in the summer of 2014, will be rebranded into The Guesthouse Hotel. Continue reading

Posted in 4866 North Clark Street, Architecture/Design, chicago, Chicago Lead Story, Commercial, Developers, Development, Hospitality, Local, luxury boutique hotel, Managers, National, Owners, Professional, Property Management, Property Type, Regional, The Andersonville Guesthouse, The Guesthouse Hotel | Leave a comment

Griffis Residential Acquires 288-unit Apartment Community in Aurora for $40.8 Million

Denver-based Griffis Residential recently announced the acquisition of the City Lights apartments. Located in Aurora, Colorado near the Fitzsimons Medical Campus, the Class-A community features 288 units and was purchased for $40.8 million. Continue reading

Posted in Acquisitions/Dispositions, City Lights apartments, denver, Denver Lead Story, Developers, economy, Finance/Investment, Financiers, Griffis Fitzsimons South, Griffis Residential, Investors, Leasing, Local, luxury, Managers, Multi-Family, National, Owners, PCCP LLC, Professional, Property Management, Property Type, Regional, Residential, The Wellington apartments | Leave a comment

Apartment Redevelopment Project in Downtown Pittsburgh Nears Completion

Red Rocks Group is converting the 19th century building at 121 Seventh St. in downtown Pittsburgh into 40 loft-style apartments. Continue reading

Posted in affordable housing, Aria Cultural District Lofts, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Investors, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Oxford Development, pittsburgh, Pittsburgh Lead Story, Professional, Red Rocks Group, Regional, Residential, Retail, S&A Homes, Senior | Leave a comment

$95M Sale of Elliston 23 Breaks All Records in Nashville Apartment Market

Franklin, TN-based Southern Land Company has announced the sale of Elliston 23 Apartments to Dayton, OH-based The Connor Group for $95.1 million. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Brokers, Condo, Co-op, HOA, Developers, Development, economy, Elliston 23, Finance/Investment, Financiers, Green, Investors, J.P Morgan Asset Management, Leasing, Local, luxury, luxury apartments, Managers, mixed-use, nashville, Nashville apartment market, Nashville Lead Story, National, Owners, Property Management, record-breaking sale, Regional, Retail, Silver LEED, Southern Land Company, The Connor Group | Leave a comment

Blanca Commercial Real Estate to Broker Leases at Douglas Entrance Office Park

Just over a month after Banyan Street Capital and Oaktree Capital Management LP paid $100.75 million to Pearlmark Real Estate for Douglas Entrance, the joint venture selected Blanca Commercial Real Estate as exclusive leasing agent for the 467,325 square foot, five-building landmark office campus at 800 S. Douglas Rd. in Coral Gables. Continue reading

Posted in Banyan Street Capital, Blanca Commercial Real Estate, Brokerage, Brokers, Class A high-rise office, Coral Gables, economy, Finance/Investment, Green, Investors, Leasing, LEED silver, Local, Managers, miami, Miami Lead Story, National, Oaktree Capital Management LP, Office, operations, Pearlmark Real Estate, Property Management, Regional, Retail | Leave a comment

Indianapolis Selects Former General Motors Site for Justice Complex, to Cost as Much as $500M

The city of Indianapolis has finalized its decision to use part of the former General Motors stamping plant southwest of downtown for the construction of the new Marion County Justice Center. Continue reading

Posted in Commercial, Consumer, Developers, Development, economy, Finance/Investment, indianapolis, Indianapolis Lead Story, Indy Justice Partners, Investors, Local, Managers, Marion County Justice Center, Municipal, National, Owners, Plenary Edgemoor Justice Partners, Policy, Professional, Regional, WMB Heartland Justice Partners | Leave a comment

Welcome Hotels Purchases Comfort Inn for $3.35M from Chapter 11 Trustee

MBA Hotel Brokers, Inc. has announced the sale of the 153-key Comfort Inn Carowinds in Fort Mill, South Carolina, in the Charlotte metro area. Continue reading

Posted in Acquisitions/Dispositions, Brokers, charlotte, Charlotte hotel, Charlotte Lead Story, Comfort Inn Carowinds, Finance/Investment, Financiers, Fort Mill, Hospitality, hotel sale, Hunter Realty Associates, Local, Maintenance, Managers, MBA Hotel Brokers, National, Owners, Policy, Property Management, Regional, True Blue Hospitality | Leave a comment

Welcome Hotels Purchases Comfort Inn for $3.35M from Chapter 11 Trustee

MBA Hotel Brokers, Inc. has announced the sale of the 153-key Comfort Inn Carowinds in Fort Mill, South Carolina, in the Charlotte metro area. Continue reading

Posted in Acquisitions/Dispositions, Brokers, charlotte, Charlotte hotel, Charlotte Lead Story, Comfort Inn Carowinds, Finance/Investment, Financiers, Fort Mill, Hospitality, hotel sale, Hunter Realty Associates, Local, Maintenance, Managers, MBA Hotel Brokers, National, Owners, Policy, Property Management, Regional, True Blue Hospitality | Leave a comment

Tulsa Wins State’s First Costco; Watermark Cos. Breaks Ground on M-F Complex in Glenpool

Tulsa City Mayor Dewey Bartlett and Tulsa City Councilor Phil Lakin recently announced that Costco will open a store at 103rd and Memorial in Tulsa. Continue reading

Posted in Architecture/Design, CB Richard Ellis, City Councilor Phil Lakin, Commercial, Consumer, Conventional - Market Rate, Costco, Developers, Development, economy, Finance/Investment, Financiers, Grandview Heights, Leasing, Local, Managers, Mayor Dewey Bartlett, Multi-Family, National, Owners, Policy, Professional, Property Management, Property Type, Regional, Residential, Retail, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story, Watermark Companies | Leave a comment

Simon Property Group, Paragon Outlet Partners Announce Opening Date for Twin Cities Premium Outlets

Simon Property Group and Paragon Outlet Partners recently announced that the grand opening of the Twin Cities Premium Outlets will take place on August 14, 2014. The new 409,000-square-foot upscale outlet center will house over 100 outlet stores. Continue reading

Posted in Architecture/Design, Cedar Grove Parking Garage, City of Eagan, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Financiers, Leasing, Local, Managers, minneapolis, Minneapolis Lead Story, Municipal, National, operations, Owners, Paragon Outlet Partners, Policy, Professional, Property Management, Property Type, Regional, Retail, Simon Property Group, Twin Cities Premium Outlets | Leave a comment

State Agency Approves Joint Development Permit for Two Mixed-Use Residential Projects in Kakaako

Two adjacent residential and commercial projects proposed by Hawaii developer Stanford Carr and Oregon-based Gerding Edlen in Kakaako have been approved by the Hawaii Community Development Authority, the Pacific Business News reports. Continue reading

Posted in affordable housing, Commercial, Condo, Co-op, HOA, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Gerding Edlen, honolulu, Honolulu Lead Story, Hospitality, Investors, Kamehameha Schools, Keauhou Lane, Leasing, Local, Managers, mixed-use, Multi-Family, National, Owners, Peter Savio, Policy, Professional, Regional, Residential, Retail, Rycroft Terrace, Stanford Carr | Leave a comment

New Home Company Opens Welcome Pavilion for San Jose Master-Planned Housing Community

The New Home Company recently opened a Welcome Pavilion at its latest master-planned Silicon Valley master-planned residential community. The Orchard Park housing development in San Jose is set to display model homes and hold the initial sale phase at the community located near the intersection of Old Oakland Road and East Brokaw Road in the city’s Berryessa District. Continue reading

Posted in Architecture/Design, Berryessa District housing, Consumer, Developers, Development, feng shui, Finance/Investment, Investors, Local, Managers, master-planned community, National, New Home Company, Orchard Park, Policy, Professional, Regional, Residential, San Francisco Lead Story, San Jose housing development, san-francisco, single-family | Leave a comment

Construction Starts on New Charter Technology and Engineering Center

Charter Communications Inc. recently announced that construction has started on the Charter Technology and Engineering Center, a new research and development facility. Continue reading

Posted in Architecture/Design, Charter Communications Inc., Charter Technology and Engineering Center, Commercial, Compark Business Campus Metropolitan District, denver, Denver Lead Story, Developers, Development, economy, Finance/Investment, Local, Managers, National, Office, operations, Owners, Professional, Property Management, Property Type, Regional, research, Tech, Technology | Leave a comment

MGM Resorts Plans $86M Expansion of Mandalay Bay Convention Center

Mandalay Bay Resort and Casino has announced plans to expand its Convention Center in a bid to answer the growing demand for meeting space in the city of Las Vegas. Announced plans for the facility would bring the total amount of available convention space at Mandalay Bay to over two million square feet. The cost of the new developments will cost an estimated $66 million. Continue reading

Posted in Architecture/Design, Commercial, convention space, Developers, Development, economy, Finance/Investment, Financiers, Hospitality, Investors, LAS VEGAS, Las Vegas development project, Las Vegas Lead Story, Local, Managers, Mandalay Bay Convention Center, MGM Resorts International, National, Owners, Professional, Property Management, Regional | Leave a comment

City Approves Incentives for Mixed-Use High-Rise, Motel Conversion in Downtown Durham

Austin Lawrence Partners of Aspen, Colo. is planning the construction of a 26-story mixed-use tower in the heart of downtown Durham, as well as the renovation of the Jack Tar motel and parking garage on the next block. Continue reading

Posted in Austin Lawrence Partners, Cary Joshi, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Finance/Investment, Hospitality, Investors, Jack Tar Motel, Leasing, Local, Managers, mixed-use, Multi-Family, National, Office, Owners, Policy, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential, Retail, Student | Leave a comment

W.P. Carey Buys Raytheon Office Building for $19M

A real estate investment trust has just recently acquired a 143,650 square-foot Class A office building currently leased to one of The Raytheon Company’s main business divisions, Raytheon Missile Systems which is the largest of Raytheon’s six operating segments and the largest private employer in the Tucson area. Continue reading

Posted in Acquisitions/Dispositions, Brokers, class A office, Colliers International, CPA:17 – Global, economy, Finance/Investment, investment, Investors, Local, Managers, National, Office, Property Management, Raytheon Missile Systems, Regional, Summit Properties, The Raytheon Company, tucson, Tucson Lead Story, W. P. Carey Inc. | Leave a comment

Courtyard Memphis Airport Completes Renovation; Manager Appointed to Wolfchase Galleria Holiday Inn

By Eliza Theiss, Associate Editor Courtyard Memphis Airport has announced the completion of guestroom renovations. The 145-key hotel upgraded its 131 rooms and 14 suites to a contemporary design that offers comfort, flexibility and a sleek style. The new room designs hybrid work, sleep and relax zones, indirect lighting and a neutral tone-on-tone color palette. [...] Continue reading

Posted in Appointments and Executive Changes, Architecture/Design, Courtyard Memphis Airport, Developers, executive transitions, Finance/Investment, Financiers, Holiday Inn & Suites Memphis Wolfchase Galleria, Hospitality, hotel renovation, Investors, Kemmons Wilson Companies, Local, Maintenance, Managers, memphis, Memphis Lead Story, National, Owners, Property Management, Regional, Samuel Ward, Wilson Hotel Management | Leave a comment

Cherokee Nation Entertainment to Break Ground on Casino, Hotel in Roland

Cherokee Nation Entertainment officials recently announced that a groundbreaking ceremony will be held on April 29 to mark the start of construction on a new Cherokee Casino & Hotel Roland. The new 170,000 square foot casino and hotel destination will replace the existing Cherokee Casino Roland in Sequoyah County. Bill John Baker, principal chief of the Cherokee Nation, Shawn Slanton, chief executive officer of Cherokee Nation Businesses and Cherokee Nation Tribal Councilors will attend the groundbreaking ceremony. Continue reading

Posted in Architecture/Design, Cherokee Casino & Hotel Roland, Cherokee Nation Bingo Outpost, Cherokee Nation Entertainment, Commercial, Consumer, Developers, Development, economy, Finance/Investment, Health Care, Hospitality, Investors, Local, Managers, National, operations, OU College of Medicine, OU Medical Center, OU Medical System, Owners, Policy, Professional, Property Management, Property Type, Regional, research, Technology, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

Metro Charlotte Sees Growth in Spec Developments

Metro Charlotte is experiencing a growing trend of speculative developments of late. Continue reading

Posted in 215 International Crossing, Architecture/Design, Brokers, Catawba County, charlotte, Charlotte Lead Story, Claremont NC, Concord, Developers, Development, Economic Development, economy, Finance/Investment, Financiers, Industrial, Investors, Leasing, Local, Managers, Matthews Construction, Myers & Chapman, National, Owners, Policy, Property Management, Regional, speculative building, Trinity Capital Advisors | Leave a comment

Brennan Investment Group Acquires $20M Industrial Portfolio

Chicago-based private real estate investment firm, Brennan Investment Group recently announced it has acquired a $20 million, four-property industrial portfolio Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Brokers, Commercial, Developers, Development, economy, Finance/Investment, Financiers, Health Care, Industrial, Investors, Local, Managers, minneapolis, Minneapolis Lead Story, National, Owners, Policy, Professional, Property Management, Property Type, Regional | Leave a comment

$3M Senior Center to Replace Katrina-Marred Structure

The City of New Orleans, in partnership with FEMA, has broken ground on the new Carollton Hollygrove Senior Center at 3300 Hamilton Street in the Carollton Hollygrove neighborhood, announced the New Orleans Mayor’s Office. Continue reading

Posted in Architecture/Design, Carollton Hollygrove Senior Center, City Of New Orleans, Developers, Development, FEMA, Finance/Investment, Financiers, Hospitality, Hurricane Katrina restoration project, In-Site Developments LLC, Local, Managers, Municipal, National, New Orleans, New Orleans Council on Aging, New Orleans Lead Story, Policy, Property Management, Regional, Wharton Smith Inc. | Leave a comment

Virgin Hotels Plans 240-Key Location on Music Row

Virgin Group’s lifestyle hotel brand Virgin Hotels has announced plans to open and operate a new hotel in Nashville, Tennessee. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, D.F. Chase Inc., Developers, Development, Finance/Investment, Financiers, Hospitality, Investors, Local, Managers, Music Row, nashville, Nashville hotel, Nashville Lead Story, National, Owners, Property Management, Regional, single-family, Virgin Hotels, Virgin Hotels Nashville | Leave a comment

Amata Opens New Shared Office Center at 150 South Wacker Drive

Amata Office Centers has recently announced it is opening its sixth shared office center in Chicago featuring 16,950 square feet of space. Occupying the entire 24th floor of the building located at 150 South Wacker Drive in the West Loop neighborhood, the shared office center is scheduled to open May 1. Continue reading

Posted in 150 South Wacker Drive, 161 North Clark Street, 180 North LaSalle Street, aLawCenter, Amata Office Centers, chicago, Chicago Lead Story, Commercial, Consumer Type, economy, Leasing, Local, Managers, National, Office, operations, Owners, Professional, Property Management, Property Type, Regional, shared office center | Leave a comment

HFF Secures Financing for Hudson’s Bay Centre in Denver and Bella Springs in Colorado Springs

HFF recently announced that it has secured $21.5 million in financing for the Hudson’s Bay Centre. Working on behalf of the borrower, a 50/50 partnership between MDC Realty Advisors USA Inc. and Artis REIT, HFF placed the seven-year, 3.76 percent, fixed-rate loan with Principal Real Estate Investors. The loan proceed were used to acquire the Class A, 172,912-square-foot office building. Continue reading

Posted in Acquisitions/Dispositions, Artis REIT, Bella Springs, Brokers, Commercial, Consolidated Investment Group, Conventional - Market Rate, denver, Denver Lead Story, economy, Finance/Investment, Financiers, Griffis/Blessing Inc., HFF, Hudson’s Bay Centre, Investors, Leasing, Local, Managers, MDC Realty Advisors USA Inc., Multi-Family, National, Office, Owners, Policy, Principal Real Estate Investors, Professional, Property Management, Property Type, Regional, Residential, The Praedium Group | Leave a comment

Starwood’s Alfot Brand Debuts in Oklahoma City

Starwood Hotels & Resorts Worldwide Inc. recently announced that its Aloft brand has arrived in Oklahoma City with the opening of the new Aloft Oklahoma City Downtown – Bricktown. Continue reading

Posted in 209 North Walnut Avenue, Aloft Oklahoma City Downtown – Bricktown, Architecture/Design, Commercial, Consumer, Developers, Development, Hospitality, Local, Managers, National, New Century Investments, operations, Owners, Professional, Property Management, Property Type, Regional, Starwood Hotels & Resorts Worldwide Inc., Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

City Council Green-Lights Robertson Properties’$767M Mixed-Use TOD in Honolulu

The Honolulu City Council has granted Robertson Properties Group the final approval for the construction of its proposed $767 million, 1,500-home mixed-use development in Aiea. Continue reading

Posted in affordable housing, Campbell Square, Commercial, Consumer, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Green, honolulu, Honolulu Lead Story, Hospitality, Investors, Leasing, LEED silver, Live Work Play Aiea, Local, Managers, mixed-use, Multi-Family, National, Office, Owners, Policy, Professional, Regional, Residential, Retail, Robertson Properties Group | Leave a comment

Indianapolis Announces Creation of New Cultural District

During a press conference held on April 16, the City of Indianapolis unveiled its plans of creating the Market East District, a new cultural district centered on the new developments at and around the former Market Square Arena site in the city’s downtown. Continue reading

Posted in Artistry apartment, Brokers, Commercial, Consumer, Conventional - Market Rate, Cummins Inc., Developers, Development, economy, Finance/Investment, indianapolis, Indianapolis Lead Story, IndyGo, Investors, Leasing, Local, luxury, Managers, Market East District, Market Square Tower, mixed-use, Multi-Family, Municipal, National, Office, operations, Owners, Policy, Professional, Property Management, Regional, Residential, University Research and Technology Corp. | Leave a comment

Kimray’s HQ Proposal Wins Nod from OK City Planning Commission

At the end of January, oil-field equipment maker Kimray Inc. announced its intentions to relocate its Oklahoma City headquarters. The company had announced its intention to move to a 136-acre property on the northwest corner of Eastern Avenue and Britton Road. Continue reading

Posted in Commercial, Developers, Development, economy, Finance/Investment, Industrial, Investors, Kimray Inc., Local, Managers, National, Office, Oklahoma company relocation, operations, Owners, Policy, Professional, Property Management, Property Type, Regional, Tech, Technology, The Oklahoma City Planning Commission, Tulsa-Oklahoma City, Tulsa-Oklahoma City Lead Story | Leave a comment

Equus Capital Acquires Raleigh Multi-Family Portfolio for $36M; State Denies Raleigh’s $38M Offer for Dorothea Dix Property

Equus Capital Partners, a private equity firm based in Philadelphia, has recently acquired three multi-family properties in Raleigh from a joint venture of Silver Companies and McCann Realty Partners. Continue reading

Posted in Acquisitions/Dispositions, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Dorothea Dix, Equus Capital Partners, Finance/Investment, Gov. Pat McCrory, Green, Hunters Glen, Investors, Laurel Oaks, Laurel Springs, Leasing, Local, Managers, Multi-Family, Municipal, National, Owners, Policy, Professional, Property Management, Raleigh apartment, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential | Leave a comment

Lightstone Group Acquires Aloft Tucson University Hotel from Starwood for $19M

Starwood has recently announced the $19 million sale of Aloft Tucson University to Lightstone Value Plus Real Estate Investment Trust II, Inc., a public, non-traded REIT sponsored by The Lightstone Group. Continue reading

Posted in Acquisitions/Dispositions, Aloft Tucson University, Brokers, David Lichtenstein, economy, Finance/Investment, Hospitality, Investors, Island Hospitality Management, Lightstone Value Plus Real Estate Investment Trust II Inc., Local, Managers, National, Property Management, Regional, Starwood Hotels & Resorts Worldwide Inc., The Lightstone Group, tucson, Tucson Lead Story | Leave a comment

Pittman, Barrett & Stokely Plan $35M High-End Multi-Family Community in Carmel

Construction could soon begin on a luxury 14-building, 256-unit apartment community near the Monon Greenway in Carmel. Continue reading

Posted in Barrett & Stokely Inc., Brokers, Carmel apartment, Consumer, Developers, Development, Finance/Investment, indianapolis, Indianapolis Lead Story, Investors, Leasing, Local, luxury, Managers, Miller-Valentine Group, Multi-Family, Muncie apartment, National, Owners, Pittman Partners, Professional, Property Management, Regional, Residential, Senior, The Lofts at Roberts, The Seasons of Carmel | Leave a comment

Aimbridge Hospitality Awarded Management Contract for Embassy Suites Bloomington Hotel

Aimbridge Hospitality recently announced it has been awarded the management contract for the Embassy Suites Bloomington Hotel – a Hilton Family Hotel. Continue reading

Posted in 2800 American Boulevard West, Acquisitions/Dispositions, Aimbridge Hospitality, Chelsea Hospitality, Commercial, economy, Embassy Suites Bloomington Hotel, Hilton Family Hotel, Hospitality, Local, Managers, minneapolis, Minneapolis Lead Story, National, operations, Owners, Professional, Property Management, Property Type, Regional | Leave a comment

Hotel Equities to Manage Wyndham Hotel on I-Drive

Hotel Equities has announced its arrangement with Wyndham Hotel Group to manage Wyndham Orlando Resort International Drive and a newly built hotel in Southwest Texas. Continue reading

Posted in economy, Florida, Hospitality, hotel, Hotel Equities, hotel management, I-Drive Orlando, Investors, Local, Maintenance, Managers, National, orlando, Orlando Lead Story, Property Management, Regional, Wyndham, Wyndham Hotel Group, Wyndham Orlando Resort International Drive | Leave a comment

Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown

City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. The move would allow local officials to move forward with their plans of turning most of the former psychiatric hospital campus into an urban park. Continue reading

Posted in Acquisitions/Dispositions, Architecture/Design, Bill Peaslee, Blue Heron Real Estate Opportunity Fund I, City of Raleigh, Commercial, Consumer, Conventional - Market Rate, Developers, Development, Dorothea Dix, Finance/Investment, Green, Health Care, IIDA Carolinas Design Works, Investors, JDavis Architects, Leasing, Local, Managers, Marquee Station, Multi-Family, Municipal, National, Office, Owners, Policy, Professional, Raleigh-Durham, Raleigh-Durham Lead Story, Regional, Residential | Leave a comment