News
Carey Watermark Taps John Hardy to Manage Portfolio Repositioning
Carey Watermark Investors has a repositioning program underway
Crescent Puts Tampa on the Hot List
Crescent Communities is building its third apartment project in Tampa, this time in Florida’s largest office location.
International: Zaha Hadid Design Fuels Growth
Acclaimed architect Zaha Hadid has designed the main component of a massive project in Mexico’s third largest city.
W.P. Carey Affiliate Grabs Retail Site in Oslo
W.P. Carey knows a good international retail location when it sees one.
Balfour Beatty, JLL Grow in the Sunbelt
Balfour Beatty Communities has joined JLL Income Property Trust on a purchase that expands the JLL’s apartment portfolio in a mature bedroom town.
O’Hare International Airport to Gain New Intermodal Facility
Chicago’s O’Hare International Airport is going to get a new intermodal facility that will create approximately 3,000 construction jobs and 100 permanent jobs, according to a statement from Mayor Rahm Emanuel’s press office.
Legacy West’s Newest Addition: 14-Story Office Tower
Gaedeke Group is the latest developer to join Legacy West, a 2,700-acre master-planned business park in Plano. The firm plans to break ground in the next two months on One Legacy West, a 14-story, 327,856-square foot office tower. The project will rise on an 11-acre tract located at the southeast corner of Legacy Dr. and Highway 121 and will be 15 minutes away from the DFW Airport and the Addison Executive Airport and 25 minutes away from Downtown Dallas.
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.