News
Marble Development Chosen to Develop the ‘Entertainment District’ on University of New Mexico Campus
The University of New Mexico’s plan to develop an entertainment district near its sports stadiums has officially kicked off. Marble Development has been chosen by the Lobo Development Corporation as the developer of the project located on the southeast corner of University Blvd. and Avenida Caesar Chavez. Negotiations on the ground lease have already begun.
BMW Group Breaks Ground for New Distribution Center
In an attempt to better serve the various BMW and MINI car dealerships scattered across Texas, Oklahoma, Louisiana and Arkansas, BMW Group recently broke ground for a new vehicle distribution center in Galveston, TX.
Metro Self Storage Pays $29 million for Self-Storage Portfolio in Suburban Philadelphia
A portfolio of self-storage properties changed hands this month in suburban Philadelphia in a transaction brokered by HFF on behalf of the seller, PFG Capital of York, PA.
Oak Grove Capital Secures Construction Financing for Logan Square TOD
Oak Grove Capital of St. Paul, Minn. has secured construction financing for a transit-oriented development in Chicago’s Logan Square neighborhood.
$35 Million Student Housing Complex Ready to Break Ground in Grand Rapids
A new housing complex designed for college students will soon break ground in Grand Rapids.
King Penguin to Acquire Second Office Tower in Downtown Pittsburgh
New York-based King Penguin Opportunity Fund has reached an agreement with Union Real Estate Company to acquire the 19-story Allegheny Building in downtown Pittsburgh.
MIG Real Estate Closes on Ninth Multifamily Asset in Texas
Newport Beach, California-based MIG Real Estate recently closed on its ninth multifamily investment in Texas. The firm acquired Regency at Stonebridge Ranch, a 301-unit townhome apartment community in McKinney, Texas.
Foreign Investor Purchases Portfolio of Nine Warehouses in $2.2M Deal
Doral 58th Street Warehouses, a portfolio comprised of nine warehouse properties was sold recently, as announced by Douglas Elliman. The $2.2 million transaction was negotiated by Douglas Elliman Commercial Division Associate while CCIM Miami District Director Mitash Kripalani represented the seller, 58 Street Warehouses LLC. A foreign investor acquired the complex; however, the buyer’s identity was not disclosed.
Two More D.C. Office Properties Change Hands
Two more D.C.-area office properties have changed hands this month.
23-Unit Affordable Housing Revitalizes North Nashville Site
Nashville’s low-income housing stock is set to expand with 23 new units, as the Metro Development and Housing Agency(MDHA), Urban Housing Solutions, the Barnes Housing Fund Commission and Nashville Mayor Karl Dean broke ground on 26th and Clarksville.