News
Luxury Apartments Open in Historic Shaw Neighborhood
D.C.’s Shaw neighborhood is now home to a new luxury apartment building. The Colonel officially opened its doors to the public on May 21.
Wampold Reveals Name of New Baton Rouge Hotel
Mike Wampold’s new hotel in downtown Baton Rouge will be a Marriott Autograph. The developer has recently revealed more details about the project, which broke ground earlier this year, at Convention and Third Streets. The new hotel will be called the WATERMARK Baton Rouge.
MC Companies Closes on 1,500-Plus Units of Mostly Subsized Housing
MC Companies has recently purchased an 8-property multifamily portfolio in Tucson through its Tucson 8 Opportunity Fund, the group announced in a press release. The acquisition included a total of 1,576 units. According to Real Estate Daily News, Berkadia Commercial Mortgage financed the sale with 25% down payment from MC Companies. The financier’s local investment sales and real estate brokerage arm, Berkadia Real Estate Advisors of Tucson represented the buyer as well as the seller – Family Housing Resources, Inc., an HUD Approved Housing Counseling Agency – in the negotiations.
Lennar Takes Site in Little Italy for High-Rise
A vacant site that is scheduled to become a new residential high-rise was recently the object of a deal in Little Italy. The buyer was Lennar Multifamily Communities , LLC who paid seller Chhatrala 520 Ash St LLC a total of $12.8 million for the development site. According to the San Diego office of Colliers International, the off-market transaction was handled by Senior Vice President Victor Krebs on behalf of the buyer. The selling entity was not represented by a brokerage.
Moratorium Plan Galvanizes Debate Over Affordable Housing
The Mission is facing a very testing moment as the San Francisco Board of Supervisors is set to discuss the recently proposed Mission District Housing Moratorium during the upcoming month. Although analysts are predicting that the measure will not pass, the proposition will most likely return as a November ballot initiative. One of the moratorium’s most staunch supporters is Supervisor David Campos, who is of the opinion that a temporary market-rate housing stop is absolutely necessary, but the proposal is rapidly gathering opposition.
American Realty Advisors Sells Phoenix Office/Data Center Property
American Realty Advisors recently raked in some dough on the disposition of a sizeable office and data center property in Phoenix.
Retirement Complex Sold for $62 Million
Watermark Retirement Communities, a senior living company based in Tucson, AZ, sold one of its retirement communities in center City Philadelphia.
International: Mace to Bring High-Tech Cancer Treatment to Manchester
A new cancer treatment facility will aim to make the latest technologies available to patients in the U.K.
Colliers Leads as Hooters Flies Far
Hooters of America is expanding its iconic brand domestically and internationally and has tapped Colliers International for help.