Development
EdR, Landmark Properties to Develop Student-Housing Community at Ole Miss
EdR and Landmark Properties have committed to joining forces on the development of a 668-bed student housing property near the University of Mississippi in Oxford. The project, which will sit in a residential neighborhood approximately one mile from campus, will cost $36 million to develop.
NAR: Commercial Vacancy Rates Improving, Rents Firming
In its quarterly Commercial Real Estate Market survey, the National Association of Realtors predicts a widespread fall in vacancy rates for nearly all property types, with multi-family continuing to lead the way.
FedEx to Build $142 Million Flight Facility; Memphis Multifamily Properties to Be Auctioned Online
By Eliza Theiss, Associate Editor FedEx Express, a unit of Memphis-based FedEx Corp., plans to build a $141.9 million flight-training facility adjacent to the existing Airways Boulevard location, reports The Memphis Daily News. The company currrently leases several flight-training facilities scattered throughout Shelby County. The new Air Operation Training Center would consolidate all flight-training into […]
Marcus & Millichap Hired as Consultant on $1B Kelly Park Project in Florida
Marcus & Millichap Real Estate Investment Services Inc. will be playing key roles as a broker and consultant on a $1 billion, 9.2 million-square-foot development in Apopka, Fla., that is expected to include a regional mall, offices, a college campus, hospital, housing and a merchandise mart.
Silverstone, RWN Purchase Manhattan Multi-Family Building for $53M, Plan Repositioning
Silverstone Property Group and equity partner RWN Real Estate Partners have acquired a 109,000-square-foot, mixed-use residential tower in the Murray Hill submarket of Manhattan for $53 million.
Campus Advantage, Pension Fund Complete $100M Student Housing JV
Student housing owner/manager Campus Advantage of Austin, Texas, has closed a $100 million joint venture with one of the nation’s largest pension funds following its recent acquisition of two properties, the company announced late last week.
AREA Partners, Nucor Invest in Memphis Industrial Submarket; Mountain Development Plans New Apartment Community
By Amalia Otet, Associate Editor AREA Properties Partners, a global real estate investment and asset manager headquartered in New York City, recently acquired a $23.6 million industrial portfolio in Memphis from Kansas City Life Insurance Co. The package includes Southpark H at 4650 Quality Dr., Southpark G at 4481 Pleasant Hill, Memphis Distribution D at […]
Related Breaks Ground on $350M Santa Monica Mixed-Use Development
Related California has begun construction on The Village at Santa Monica, a $350 million mixed-use community in the city’s Downtown area. The development will contain 318 luxury condo units as well as affordable rental housing amid 20,000 square feet of retail.
KDC, Estein Plan 400 KSF Office Tower for Downtown Dallas
KDC Real Estate Developments and Investments, in a partnership with Orlando-based Estein & Associates, has announced its plans to develop a 400,000-square-foot, 23-story office tower in Downtown Dallas.
Fountain, Crosswind to Build Dallas-Area Student Housing
Fountain Residential Partners of Dallas, in association with Crosswind Development Partners, plans to break ground this spring on a luxury 139-unit, 427-bed student-housing community adjacent to the University of North Texas in Denton. The 33 North project is scheduled for completion in fall 2013.