Business Specialties
NAA Special Report: How Apartment Companies Make Buying Decisions
Panelists at the National Apartment Association 2013 Education Conference and Exposition offered advice on how product and services providers should approach apartment companies.
Chinese Conglomerate Acquires Part of One Nine Elms Redevelopment Project
A major component of London’s One Nine Elms redevelopment project recently traded hands, with original developer Green Property selling its site to a Chinese conglomerate for a reported $140 million.
Celebrity Chef Restaurant Confirmed for SKYE Rooftop
It’s official: one of Charlotte’s hottest future addresses had gotten even more desirable. The McDevitt Agency, acting as official broker of SKYE’s condominium component, as announced the identity of the much-expected rooftop restaurant: Fahrenheit
Micro Unit Trends: The Response
Kauri Investments Ltd. chairman James Potter and AREA Real Estate L.L.C. principal David Adelman sat down at the ULI Spring Meeting to discuss municipal, capital markets and neighborhood response to micro unit apartment projects.
Micro Unit Trends: The Emerging Tenant
Kauri Investments Ltd. chairman James Potter and AREA Real Estate L.L.C. principal David Adelman sat down at the ULI Spring Meeting to discuss the type of demand they’re seeing for micro unit apartments.
Construction to Break Ground on Salem’s New MBTA Intermodal Station
The Massachusetts Bay Transportation Authority (MBTA) announced it will close its Salem rail station for more than one year as a complex renovation project is underway. As reported by Boston.com, the MBTA Salem station parking lot will be replaced with a $37 million facility, a five-level parking garage with up to 700 spaces and a pedestrian bridge from Washington Street.
$14M Renovation Turns Downtown Baltimore Tremont Into Embassy Suites
After undergoing extensive renovation, the new Embassy Suites Baltimore-Downtown is finally open. This is the brand’s third property in the state of Maryland.
Property Assessed Clean Energy Act To Be Reviewed by the City of Austin
Texas legislation has been modified on June 19 by Governor Rick Perry to allow commercial and industrial building owners to access low-cost, long-term financing in the private sector for energy-efficiency upgrades and water conservation. His signature makes the PACE program effective immediately.
KBS REIT III Buys Three-Property Office Portfolio for $269M
KBS Real Estate Investment Trust III has kicked off summer with its largest purchase of the year. The REIT just completed the $269 million acquisition of a 1 million-square-foot group of three office properties in Dallas and suburban Washington, D.C., known as the National Office Portfolio from CBRE Global Investors.
IIT Acquisitions Buys Southwest Phoenix Industrial Buildings for $44M
In a $44.3 million deal, IIT Acquisitions LLC has purchased Buckeye Logistics Center, a two-building, 684,064 square-foot industrial project in the Valley, from Principal Real Estate Investors.