Camelia Bulea
Blogging and social media aficionada, with an evergrowing passion for human communication and interaction.
KBS Expands DFW portfolio with 19-Story Las Colinas Office Tower
KBS Real Estate Investment Trust III (KBS REIT III) started the year with a new acquisition in the Dallas – Fort Worth metroplex — the 364,366-square-foot Tower on Lake Carolyn building in the Las Colinas submarket — considered to be one of the fastest growing communities in the DFW area.
Single-Tenant Office Complex in Tucson’s East Side Sells for $17.8M
A California non-profit group paid $17.85 million for an office complex located near east Speedway and north Kolb Road, on Tucson’s east side. The buyer is the H.N. and Frances C. Berger Foundation, based in Palm Desert.
Stockbridge Capital/Alliance Residential JV Pays $50M for 629-Unit M-F Complex
California-based Stockbridge Capital Group has completed the acquisition of The Canyons, a 629-unit apartment community in Northwest Phoenix. The $50 million deal was closed in venture with Alliance Residential Co. in Phoenix.
SunCal Buys Manor Master-Planned Community, Plans to Finish Project
SunCal, an Irvine, Calif.-based residential development company, closed the deal on the 758-acre ShadowGlen master-planned community in Manor, an eastern suburb located just 14 miles from Austin’s city center.
Lovelace Health to Develop $55M Hospital in Las Lunas in 2013
A partnership between Lovelace Health System and Oklahoma-based Miller Architects Inc. has recently announced plans to develop a $55 million hospital in Los Lunas. Construction on the 110,000-square-foot healthcare project is expected to begin in late 2013 with an opening date set for 2015.
Work Begins on 36-story Apartment Tower in Downtown Austin
A partnership comprising San Antonio-based Lynd and Austin-based Endeavor Real Estate Group broke ground last week on a planned 36-story tower that will add 358 luxury units to downtown Austin. Developers plan to complete the project in the third quarter of 2014.
Hyatt Hill Country Undergoes $35M Renovation
Woodbine Development Corp. recently unveiled interesting details regarding the $35 million renovation and expansion of its Hyatt Regency Hill Country Resort and Spa in San Antonio. The renovation project will be completed in two phases.
JV to Develop $35M Apartment Community North of Dallas
Global Growth Trust has formed a joint venture with Hunt Realty Investments and Trinsic Residential Group to develop a Class A apartment community in Lewisville, about 25 miles north of downtown Dallas.
Campus Acquisitions Tops Up $25M Hi-Rise Near Univ. of Arizona
The $25 million student housing that Chicago-based Campus Acquisitions is developing near the University of Arizona has recently topped out at 14 stories high. Expected to open in late summer of 2013, the 300,000 square-foot upscale project will include 176 units and house about 550 students.
Novawest Proposes Landmark 420-Foot-Tall Tower for Downtown Phoenix
By Camelia Bulea, Associate Editor Novawest L.L.C. is planning a distinctive addition to the Downtown Phoenix skyline: a 420-foot pin-like tower that would be the tallest building in Arizona. Bjarke Ingels Group, a Copenhagen-based architectural firm, is providing the design for a 39-story structure with a reinforced concrete core topped by an open-air spiral sphere. The […]