Eliza Theiss
Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. Eliza writes for both PropertyShark and CommercialEdge. Reach her at [email protected]
255-Key Hyatt Place Breaks Ground
By Eliza Theiss, Associate Editor Thanks to Music City Center, Nashville’s ambitious 19-acre downtown convention center scheduled to open next year, investors have flocked to Nashville’s downtown area to develop hotel property after hotel property. Case in point: Hyatt Place Nashville/Downtown, the 255-key hotel that recently broke ground in downtown Nashville. Hyatt Place is the […]
Tanger Factory Outlet Embarks on $8M Expansion of Retail Center
By Eliza Theiss, Associate Editor
Tanger Factory Outlet Centers Inc. has started construction work on its Tanger Outlet Gonzales facility in Metropolitan Baton Rouge’s Ascension Parish.
The expansion part of the $8 million project entails adding 50,000 square feet to the shopping […]
147-Room Indigo Hotel Sold in Foreclosure Auction
By Eliza Theiss, Associate Editor Global investment management firm Archon Group LP recently acquired the 147-room Hotel Indigo at 1719 West End Ave. at a foreclosure auction, bidding $18 million, or $122,000 per room. According to The Tennessean, Irving, Texas-based Archon purchased the boutique hotel through a limited-liability corporation, bidding $18 million at a courthouse […]
600-bed Student Housing for Columbia
By Eliza Theiss, Associate Editor Pending a decision by the Columbia City Planning Commission, the city could see a new student housing project rising in town. Dubbed Monarch at USC, the 600-bed student housing project is a joint venture between local developer Ben Arnold, president of Arnold Companies, and Charlotte, N.C.-based Monarch Ventures, reports the […]
Construction Extended for $368M L’Auberge Casino Development
By Eliza Theiss, Associate Editor L’Auberge Baton Rouge, Pinnacle Entertainment Inc.’s $368 million casino and hotel project, has been granted a one-month extension on its construction deadline by the Baton Rouge Gaming Control Board, according to The Advocate. Initially, construction was expected to wrap up by the end of July. However, the project has lagged behind since its May […]
Lincoln at Wolfchase Sold for $27.75M; Ike’s for $9.5M
By Eliza Theiss, Associate Editor The 408-unit Lincoln at Wolfchase Apartments in Cordova has been recently purchased for $27.75 million, or $66,789 per unit, reports the Memphis Business Journal. Irving, Texas-based investment management firm Archon Group LP, working under the name MLQ-ELD LLC, purchased the asset from Lincoln at Wolfchase Associates LLC. Located at 8230 […]
Fieldstone Apartments Prepares for Phase Three; International Paper Sells Three Mills
By Eliza Theiss, Associate Editor Developers are preparing to break ground on Fieldstone Apartments’ third phase, reports The Memphis Daily News. Working under the name Fieldstone Apartments III Co., developers filed a $7.5 million building permit application with the city/county Office of Construction Code Enforcement. Fieldstone’s third phase will consist of 102 garden-style apartments and […]
Appling Lakes at Cordova Club Sold for $26.4 Million
By Eliza Theiss, Associate Editor Appling Lakes LLC of Salt Lake City has purchased the 312-unit Appling Lakes at Cordova Club apartment community from 27 tenant-in-common investors for $26.7 million. The sellers bought the property in 2005 for $26.9 million. The purchase was financed with a $19.9 million loan filed through Prudential Affordable Mortgage Co. […]
$19.8M Redevelopment Planned for Chisca Hotel
By Eliza Theiss, Associate Editor Developers working under the name Main Street Apartments would like to turn the blighted historical landmark formerly known as the Chisca Hotel into a $19.8 million mixed-use development featuring ground floor commercial space. The upper floors would be turned into 149 apartments with an average floor plan of 940 square […]
$200M Mixed-Use Retirement Development Planned for Munford
By Eliza Theiss, Associate Editor A mile out from Munford in Tipton County, there are 370 acres of farmland poised to be developed into The Village at Green Meadows, a master-planned community. Green Meadows Development Corp. is planning a $200 million mixed-use development consisting of a 55-and-over retirement community and a commercial district. The retirement […]