Cities
NAP Closes on Alpharetta Site, Plans Mixed-Use Project
By Georgiana Mihaila, Associate Editor
North American Properties is moving ahead on plans for a mixed-use project on the 106-acre site of the stalled Prospect Park development in Alpharetta. The Atlanta-based company recently set the stage with its $22.8 million purchase of the […]
Will the Austin Council Decide in Favor of the $508 Million Water Treatment Plant?
By Camelia Bulea, Associate Editor
Since the 1970s, Austin Council members have been arguing over the water treatment plant matter, but haven’t yet passed a decision on whether the 40-year-old project should be built or terminated.
The time has come for city […]
New Downtown State Courthouse Design Unveiled, I.D.E.A. District to Follow
By Gabriel Circiog, Associate Editor
Although the state is trying to restrict redevelopment plans, a new downtown state courthouse and a design-oriented district still have a green light ahead of them.
Signon San Diego reports that Clifford Ham, the chief architect of […]
Sheraton Crown Center Emerges While Historic Cosby Hotel is Saved
By Gabriel Circiog, Associate Editor
Starting January 2012, the Hyatt Regency Crown Center will be known as the Sheraton Crown Center following a management agreement between Crown Center Redevelopment Corp. and Starwood Hotels & Resorts Worldwide Inc. Kansas City Business Journal […]
Real Estate Deals Ring Encouraging Bells in Q2
By Alex Girda, Associate Editor
The multifamily sector has ensured Phoenix’s real estate maintains an encouraging profile as figures for Q2 of 2011 outpace those of the first quarter. According to the Phoenix Business Journal, sales that had multifamily as the […]
Demand Drives Boston Apartment Rents to a New Peak
By Veronica Grecu, Associate Editor
Vacancy in the Boston multi-family market has hit its lowest level in almost a decade, pushing rental rates upward to a record $1,665 per month. Reis Inc., recently revealed that Boston-area ranks fifth on the list […]
Park Road Shopping Center sold to Edens & Avant for $82 million
By Amalia Otet, Associate Editor
Park Road Shopping Center has been sold for $82 million to Edens & Avant, one of the nation’s leading retail real estate owners and developers.
The company takes pride in operating community-oriented shopping places in primary markets […]
Harbor Group Acquires $190 Million Portfolio in Baltimore
By Adrian Maties, Associate Editor
Harbor Group International(”HGI”), LLC has paid $190 million for a six-property multifamily portfolio located in Baltimore, Maryland. The seller is an affiliate of Sawyer Realty Holdings, LLC.
In a time when people would rather rent than buy, […]
Swift Realty Buys 1 Million SF Bank of America Complex in Concord
By Alex Girda, Associate Editor
In one of the area’s largest local office trades of recent years, Bank of America’s 1.1 million-square-foot complex in Downtown Concord has come under the ownership of Swift Realty Partners, the Contra Costa Times reported. Clocking in […]
Light of Hope for Philadelphia Multifamily Developments; RDA Approves New Commercial Projects
By Veronica Grecu, Associate Editor
Recent data from IHS Global Insight released last week show a 14.6 percent increase of multifamily housing developments in June as compared to May figures, reports the Philadelphia Inquirer. New apartment and condo developments rose 30.4 […]