News
New York Investor Sells Massive Industrial Asset in Pittsburgh
Rugby Realty Co. Inc. has recently closed on a major cash-out deal with the selling of the Amazon and ModCloth distribution center in Pittsburgh’s West End.
Nova Corp. to Open State’s Newest Data Center in Albuquerque
After more than six years of planning and development, NOVA Corp. is ready to open the first phase of its Innava Data Center, the state’s newest and largest data center. The official opening date is scheduled for June 3.
Value-Added Apartment Portfolio Sold in North Miami Beach
Three apartment communities in the North Miami Beach area changed hands recently, the seller Faith Investment Properties Group, announced. Grand Island Place I, Grand Island Place II, and Aventura Brentwood Apartments include 310 units and were sold for the total of $28 million.
Design Revealed for U.S. Olympic Museum and Hall of Fame in Colorado Springs
Architects at Diller Scofidio + Renfro of New York have revealed the preliminary design concept for the U.S. Olympic Museum and Hall of Fame to be located in Colorado Springs.
Aloha Tower Marketplace Dorms to Open in August
Hawaii Pacific University’s $50 million revitalization of the Aloha Tower Marketplace in downtown Honolulu is nearing completion.
Gemstone Shines in South Florida
Gemstone Hotels & Resorts has entered the South Florida market and collaborated with a prominent commercial real estate company.
International: Hines Trades Mexico City Shopping Center
A local REIT has taken a major retail property in Mexico City off of Hines’ hands.
Taconic, Ares Trade Brooklyn Asset
After improving and repositioning their joint asset, Taconic Investment Partners and Ares Management are now selling it.
Preiss Expands Texas Footprint
The Preiss Co. has expanded its student housing holdings in Texas.
French Quarter Inn Redevelopment to Go Under Review
In December 2013, NCE Realty and Capital Group L.L.C. acquired the long-vacant French Quarter Inn in Mid Town Memphis for $1.9 million. The development group initially planned to restore the hotel to its former glory; however, due to its decrepit state, finally decided against it.