News
240-Unit Luxury Community in Suburban Boston Changes Ownership for $59.5 Million
The Alta Legacy Farms apartment community in Hopkinton, Mass., has a new owner, one year after Wood Partners completed construction at the $45 million luxury complex.
Hartsfield–Jackson Area Warehouse Reaches Full Occupancy
Two new tenants have signed leases at the 278,000 square foot industrial building under 2000 Southpoint Drive in Atlanta, Liberty Property Trust announced in a press release issued in early May. UPS Supply Chain Solutions, Inc. and Southwest Surplus, Inc. occupied a total of 80,000 square feet. Liberty Property Trust owns the asset and the company was represented by Jones Lang LaSalle’s team of Vice President Rodney Davidson and Associate Reed Davis in both transactions. The two deals brought the building to 100% occupancy.
Units at Eighth & Grand Mixed-Use Community in Downtown L.A., Now Available for Pre-Lease
Eighth & Grand, a new mixed-use community that occupies a three-acre block in downtown Los Angeles, is now available for pre-lease. The developer, San Francisco-based Carmel Partners, has launched the property’s pre-leasing office at 433 West 7th St., effectively starting the occupancy process for the 700 luxury units. The community is located in the vicinity of the city’s South Park neighborhood, one of the fastest growing districts of L.A.
Tucker, Hutensky Grab Mixed-Use Center in Suburban Chicago
Tucker Development and Hutensky Capital Partners saw an opportunity in Wheaton, Ill. and took it.
PCCP, Panattoni Buy Land for Suburban Chicago Industrial Project
PCCP is working with a new partner, Panattoni Development Co., to create a new industrial park in Lockport, Ill.
Industrial Sees Highest Q1 Return in IPD U.S. Property Index
The results for all property types tracked by the IPD U.S. Quarterly Property Index for the first quarter of 2015 are in.
PayPal Expands in West Village, Manhattan
PayPal’s new office lease in Manhattan’s West Village will be more than double what the tech company occupies now.
International: Development Rebirth Underway in Malmö, Sweden
Located on the Southern end of Sweden, the city of Malmö is seeing a large amount of activity with a newly-announced residential development.
Signorelli Breaks Ground on 1.8 MSF Retail District
A tract located at the intersection of US 59 and the Grand Parkway in Porter will soon become a new retail district if everything goes as planned for The Signorelli Co. The Woodlands-based firm recently broke ground for Valley Ranch Town Center, a 240-acre, 1.8 million-square-foot retail district located within the master-planned community of Valley Ranch.
Starwood Debuts The Luxury Collection Brand in Chicago
Starwood Hotels & Resorts Worldwide has recently announced the debut of The Luxury Collection brand in Chicago, following the conversion of the Conrad Chicago hotel at 521 N. Rush St.