News
ThistleDown Racino Undergoing $70M Upgrade
At the end of April, ThistleDown Racino started work on an approximately $70 million upgrade. The project is expected to significantly improve the guest experience at the gaming and entertainment destination.
Buckhead Exchange Redevelopment to Start Soon
A large-scale redevelopment project will transform the Buckhead Exchange shopping center– FCA Partners has recently announced its plans. The Charlotte, NC-based employee-owned real estate investment management company acquired the 48,500 square foot retail center in 2013 for $15.2 million from Principal Financial.
Hawaii’s Fairmont Orchid Hotel Sold to Korean Investor for $200.3M
Korea-based Mirae Asset, one of Asia’s largest independent financial services firms, has recently acquired the Fairmont Orchid hotel on Hawaii’s Big Island.
Cinépolis USA Coming to Loudoun County in 2016
Cinépolis USA is coming to Virginia. The theater chain will anchor the Avonlea Town Center, a $70 million mixed-use development in Loudoun County.
NGKF Names New Vice Chairman
Newmark Grubb Knight Frank has promoted a 20-year industry veteran.
UIndy to Begin Construction on $25M Student Housing Community in Indianapolis
A four-story student housing complex will soon rise on the southeast corner of Shelby Street and National Avenue in Indianapolis.
PNM Celebrates Opening Its First Solar Energy Center in Sandoval
West of Rio Rancho and north of Northern Boulevard on Encino Road, PNM’s Sandoval County Solar Energy Center was recently celebrated. At the event were present members of the county, the Rio Rancho Regional Chamber of Commerce, and the Sandoval Economic Alliance.
Starwood Capital Buys Three Triangle Apartment Communities for $72M
After closing on its 10th opportunistic real estate fund in March, Starwood Capital Group has acquired three multifamily properties in Raleigh and Durham that offer a total of 942 apartments.
JV Launches Luxury M-F Project
The Kislak Organization, Courtelis Company and HMG/Courtland Properties broke ground on Murano at Grande Lakes on Tuesday, May 26. The $33.6 million 240-unit luxury apartment home community is being built on a 9.53‑acre metro Orlando site at the southeast quadrant of John Young Parkway’s intersection with Taft‑Vineland Road. Forum Architecture and Interior Design set out the plans and Roger B. Kennedy, Inc. has been hired as the general contractor for the project. Wells Fargo provided the construction financing.
Plans Advance for Office Project Near Oakley Station
Cincinati could get another office building. One such project is currently being considered for a site along Interstate 71, near the 74-acre Oackley Station mixed-use development.