News
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.
New Conrad Chicago Hotel Opening in 2016
Conrad Hotels & Resorts has recently reached an agreement with Geller Investment Co. and Wanxiang America Real Estate Group to open a new Conrad hotel in the Windy City.
Economy Watch Weekly: Commercial, Residential Markets Fare Well
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended May 22, 2015.
Flaherty & Collins Seeks Equity Partner for $85M-Plus Apartment Development
Flaherty & Collins Properties has recently completed the first phase of the Axis apartment community in downtown Indianapolis and is currently looking for an equity partner.
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