Camelia Bulea
Blogging and social media aficionada, with an evergrowing passion for human communication and interaction.
Two Local Retail Centers Change Hands for $42.6M
The local real estate market started the year on a positive note with two significant deals taking place in January; two retail centers were sold to investors for a total of $42.6 million.
McNeil Ranch Community Sold for $21M
Preferred Apartment Communities, Inc. grew its multifamily portfolio with 928 new units located in Atlanta, GA, Austin, TX and Raleigh, NC. The Maryland-based real estate investment trust has recently closed on the acquisition of three multifamily properties for a total of $90.8 million.
Dave & Buster’s to invest $15M in SA Venue
Dallas-based Dave & Buster’s announced plans for a new dining, arcade and entertainment venue at Rivercenter Mall, in the downtown of the Alamo City. The new Dave & Buster’s will be located in the former Joske’s building and should be open in the summer of 2014.
$78M Duluth Airport Terminal Opens for Passengers
After more than four years in the works, a new passenger terminal at Duluth International Airport opened for public. The new state-of-the-art facility cost $78 million to build and features lots of glass and natural light.
New Luxury Apartment Tower Planned Near American Airlines Center
Trammel Crow Residential announced plans to build a luxury apartment project near the American Airlines Center. The high-rise would include 365 apartment units within a 12-story residential tower and a five-story building.
Hotel ZaZa Project Moves Forward, Gets Planning Commission Approval
Despite the opposition from residents living at the Plaza Lofts, the controversial hotel has recently received Austin Planning Commission recommendation. The 24-story mixed-use project called Hotel ZaZa is planned on West Fourth Street between Guadalupe and Lavaca streets, very close to the residential property.
ASU Plans Groundbreaking on 130 KSF Project in Tempe
Arizona State University has recently announced it would break ground on the 130,000-square-foot Block 12 project in Tempe on January 24. Developers target June 2014 as the completion date.
SFCC Gets Green Light to Build $10M Higher Education Center
Santa Fe Community College has received approval by the New Mexico Higher Education Department to build a $9.8 million, 31,000 square-foot higher education facility. Construction will start later this spring, according to college officials.
Éilan Development Sells to Lone Star Funds as Part of $720M Deal
Netherlands-based Wereldhave has recently announced the decision to sell its entire U.S. portfolio to Lone Star Funds, a Dallas-based private equity firm. Wereldhave expects to close the deal with Lone Star Funds in the first quarter of 2013.
Sears Plans Major Redevelopment Project at St. Paul Site
Developers announced big plans for the site surrounding the St. Paul Sears store near the State Capitol. Redevelopment plans call for new retail, an office building as well as residential space.