Investment
Sagamore Development Unveils Port Covington at ICSC
A $5.5 billion redeveloped Port Covington will mean thousands of new jobs, businesses, better transit, 42 acres of parks, new space for manufacturing, innovation and entrepreneurship, as well as new ways to reach the waterfront for Baltimore City residents.
Avison Young Closes Land Sale for Mixed-Use Project in Boca Raton Area
The buyer, Kaufman Lynn Construction, plans to move its headquarters to Delray Beach.
Long View Equity Acquires the Houston Building in Northwest Austin
The company intends to renovate the asset, which was fully leased at the time of the deal.
HFF Closes Sale of Double Tree Hotel in Houston
Several buildings, totaling more than 4.4 million square feet of Class A office space, are located in the vicinity of the hotel.
Everest Medical Core Nabs K.C.-Area Medical Building
The real estate manager acquired Foxhill Medical Center in Overland Park, Kan., for $9 million.
ECHO Realty Buys 3 Grocery-Anchored Centers in Philadelphia
This purchase adds nearly 250,000 square feet to ECHO’s shopping center portfolio, one month after the company’s acquisition of two Harris Teeter-anchored properties in Charlotte, N.C.
American Woodmark Invests $30M to Consolidate Virginia HQ
Virginia Economic Development Partnership worked with Frederick County to secure the project and Governor Terry McAuliffe approved a $550,000 grant from the Commonwealth’s Opportunity Fund to assist the county.
MAA, Post Properties Complete Merger
Headquartered in Memphis, the new company will reportedly be the largest Sun Belt-focused multifamily REIT in the country.
Hotel Bennett Slated to Open in Charleston by Fall 2017
Bennett Hospitality and Salamander Hotels revealed opening plans of the $101 million luxurious hotel that is currently under construction on a Marion Square historic site.
SBE Closes Purchase of Morgans Hotel Group
The transaction, valued at $805 million, more than doubles the number of hotels in the company’s portfolio.