Amalia Otet
Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.
Redwood Capital Group Grabs Largo Multifamily Complex for $17M
Redwood Capital Group has recently added 304 units to its growing multifamily portfolio with the purchase of a 304-unit multifamily complex in the central Pinellas County city of Largo.
Westin Hospitality Property Undergoes $30M Renovations
The Westin La Paloma Resort & Spa, a 250-acre hospitality property nestled in the foothills of the Santa Catalina Mountains, is currently undergoing a $30 million renovation that began in the spring of 2012.
Connor Group Sells 301-Unit Apartment Community; Regency Plaza Earns LEED Silver
Centerville, Ohio-based The Connor Group recently completed the sale of The Reserve at Galleria, a 301-unit rental apartment community in Dallas.
Purchased by FPG Reserve at Galleria LLC for an undisclosed sum, the high-end complex is located at 13907 Montfort Drive and features one-, two-, and three-bedroom townhomes with attached-garages.
Crescent to Build Scottsdale Quarter’s First M-F Project
Glimcher Realty Trust, one of the country’s premier retail REITs, and Crescent Communities, a Charlotte-based real estate investment, development and operating company, recently announced plans to break ground on a 275-unit, luxury apartment community in Scottsdale under a joint venture agreement.
Campus Acquisitions Breaks Ground on Second Student Housing Complex West of UA
Chicago-based Campus Acquisitions has broken ground on a new student housing complex near the University of Arizona in Tucson, which will be built by Beal Derkenne Construction. The 13-story high-rise is slated for completion in August 2014.
Metropolitan Resort Orlando Soon to Become World’s Largest Econo Lodge
California Hotels has big plans in metropolitan resort orlandostore for the 297-room Metropolitan Resort; through its subsidiary, 8444 Investments LLC, the company plans to convert the property to The World’s Largest Econo Lodge.
Tucson Medical Center Unveils $134M Orthopaedic and Surgical Tower
Tucson Medical Center (TMC), the leading provider of comprehensive healthcare services to greater Tucson and the Southern Arizona region, announced opening of its new state-of-the-art surgical and orthopaedic tower that has been in the works since 2009.
Bascom Group Pays $35M for Downtown Chandler M-F Asset
By Amalia Otet, Associate Editor An affiliate of Irvine, Calif.-based Bascom Group L.L.C. has completed the $35.2 million acquisition of The Fairways, a 352-unit Class A apartment community located in Downtown Chandler. Cliff David and Steve Gebing of Marcus & Millichap Real Estate Investment Services Inc. represented the seller; Bascom Group was self-represented. Gary Mozer […]
Booming Local Economy Draws Buyers to Houston Multifamily Properties
With Houston’s booming economy expected to generate approximately 117,000 new jobs in 2013, possibly the most sizable gain since the 1980s, nearly all sectors of the local economy have been experiencing increased activity. The multifamily sector is no exception.
KPMG to Anchor Craig Hall’s Arts Project in Downtown Dallas
The Dallas Arts District will soon become home to KPMG LLP, the U.S. audit, tax and advisory firm, who signed a long-term lease with Hall Financial Group to occupy space in the much-awaited Hall Arts tower.
KPMG plans to relocate its Dallas office to 2323 Ross Avenue as the anchor tenant of the development’s first building, leasing more than one-third of a 450,000-square-foot office block.