Cities
WRIT Purchases 345 KSF Suburban D.C. Office for $101M
A week after closing the first phase of a $350 million industrial portfolio, Washington Real Estate Investment Trust has sprung for the all-cash acquisition of Braddock Place, a 345,000-square-foot office complex in the Old Town section of Alexandria, Va.
RiverOak Launches $300M Retail Fund
RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.
Brookfield Office Properties Spends $150M for 3 Bethesda Metro Center
The 17-story, 368,400-square-foot 3 Bethesda Metro Center has changed hands, with Brookfield Office Properties spending $150.1 million to purchase it from Meridian Group.
Second Boutique Hotel to Open; Toyota Commits to Long Beach for the Long Term
By Alex Girda, Associate Editor
Following the Bel Air’s announcement of its reopening next month, another hotel project is set to open its doors: The Wilshire. The 74-room facility is aimed at both business and leisure travelers visiting the surrounding area, […]
Centerville City, City Creek Center Expand with New Retail, Other Offerings
By Gabriel Circiog, Associate Editor The first stage of a multimillion-dollar project in Centerville is nearing completion. The Salt Lake Tribune reports the city’s new Megaplex Theatres will open to the public in October. The 90,000-square-foot theater and dining complex will feature 14 screens, 3,400 seats, a 2D/3D IMAX screen and D-box motion seats. According […]
Seattle Housing Market Could Be This Year’s Sleeper
By Alex Girda, Associate Editor
Seattle’s booming office market has eclipsed its housing sector in recent months, but the housing market could turn out to be a sleeper. Recent numbers indicate that 2011 is on track to edge last year’s home sales.
Although […]
Greystar Acquires Plymouth Apartment Complex for $55M; Lyndale Garden Project Marks Milestone, but Doubts Linger
By Camelia Bulea, Associate Editor
Greystar Real Estate Partners has acquired Park Place Apartments in Plymouth in a $54.7 million deal. Although the Charleston, S.C.-based company manages five other residential complexes in the Twin Cities, the acquisition of the 500-unit, 26-year-old […]
AMLI Snags 285 Units in Galatyn Park
By Georgiana Mihaila, Associate Editor
Illinois-based AMLI Residential, one of the country’s largest apartment owners, has recently bought the 285-unit Venue complex in the Galatyn Park urban center on U.S. Highway 75. The high-profile community has been on the market for […]
City Council Offers $4M for Relocation of HVHC
By Camelia Bulea, Associate Editor
The San Antonio City Council really wants to keep HVHC in the city. It recently approved a $4 million incentive plan that would relocate the headquarters of the company behind Eyemaster from a North Central San […]
HUD Awards $30.5M Grant for Public Housing Redevelopment
By Amalia Otet, Associate Editor
State and local government efforts to rebuild the city’s economy seem to finally be paying off: New Orleans is included in an index that highlights the areas that have recorded steady improvement over the past six […]