Cities
Rezoning approved for Ballantyne Corporate Park; Sandstone Group Plans Mixed-Use Community in Matthews
By Amalia Otet, Associate Editor
Steve Sanders, managing director of the Sandstone Group, a local company focused on real estate development and investment in the Charlotte market and surrounding areas, has recently announced plans to build a 274-apartment complex, which will […]
Office Market Activity Sparks Up, Multifamily Luxury Market Records Encouraging Deal
By Alex Girda, Associate Editor
It’s time for large deals again in the Phoenix market as two of the city’s best Class A high rises commanded one of the larger prices in 2011’s transaction history. The trade also includes a parking […]
Hyatt Hotels Corp. Closes on a 20-Hotel Portfolio for $661 Million
by Liviu Oltean, Associate Editor
Hotel Sierra in Morrisville will be rebranded as a Hyatt Summerfield Suites Hotel, following Hyatt Hotels Corp.’s closing on a 20-hotel portfolio belonging to LodgeWorks LP.
Hyatt initially showed interest in a 24-hotel portfolio, but the company ultimately […]
Highwood Properties Buys Pittsburgh’s Crown Jewel
by Liviu Oltean, Associate Editor
Highwood Properties Inc. has recently added two important office buildings to its portfolio: PPG Place in Pittsburgh for $189.1 million and Riverwood 100 in Atlanta for $78.3 million.
PPG Place is a six-building Class A office complex […]
Alexander & Baldwin Acquires Washington Office Building for $19.7 Million
by Liviu Oltean, Associate Editor
Alexander & Baldwin has purchased an office building in Issaquah, Washington for $19.7 million. The two-story, 147,000-square-foot building is currently leased by Siemens. “The purchase of the Siemens Building is another example of our strategic reinvestment […]
New Apartments, Retail Underway on North Central Expressway
By Georgiana Mihaila, Associate Editor
Developers Inland American Communities Group and Hanover Co. are showing interest in the North Central Expressway area. Both are planning on adding a large number of apartments and retail space there.
Inland American’s Cityville CityPlace has been […]
Kennecott Utah Cooper Acquires Northwest Quadrant from LDS Church
By Gabriel Circiog, Associate Editor The Northwest Quadrant is again the center of attention, following a transfer in ownership from the Church of the Latter-Day Saints to Kennecott Utah Cooper. The Salt Lake Tribune reports that the 3,100 acres of land west of Salt Lake City International Airport were traded by the church’s Property Reserve Inc. […]
Developers Move Forward with St. Mary’s Stadium, Kennedy Station
By Camelia Bulea, Associate Editor
Two large development projects are taking place in San Antonio and surrounding area: St. Mary University’s outdoor sports complex and Kennedy Station, a residential and commercial development meant to offer housing to oil-field workers in the […]
Chateau Bourbon to Become Hyatt French Quarter Hotel
By Amalia Otet, Associate Editor
The Chateau Bourbon Hotel of New Orleans is about to get a major makeover.
Carey Watermark Investors Inc., a real estate investment trust mainly focused on acquiring properties in the lodging and lodging-related sectors, recently closed on […]
Malibu Home Sales Cater to Rich; Ice House Trades Hands for Cool Amount
By Alex Girda, Associate Editor
Troubled times in the Los Angeles housing market have even impacted owners you would never expect to sell. Malibu, for instance, has seen a dramatic drop in prices during 2011, even compared to 2010, when prices stood […]