News
Pipeline Grows in Jack London Square
Developer Austin Group has submitted plans to develop a new apartment community on the site of an R&B club. As Jack London Square becomes a development hotbed for the city of Oakland, the company is proposing the construction of a smaller scale community, right across the street from the Ellington condo building. The project would also include a commercial real estate component that would tap into the current growing potential of Jack London Square.
Resmark JV Announces Luxury Townhomes in South Bellevue
Although Expedia’s announcement that it will be moving to the Seattle waterfront has given Bellevue’s real estate market somewhat of a shock, investors continue to express interest in the city. A joint venture between The Resmark Companies and local development group Windward Real Estate Services is working on the development of Factoria, an infill luxury townhome community located in south Bellevue.
Inland, PGGM JV Buys Cedar Center North for $15.4M
The joint venture between Inland Real Estate Corporation and Dutch pension fund administrator PGGM continues to add more retail properties to its portfolio. Its most recent acquisition is a shopping center located in the east Cleveland suburb of South Euclid.
HFF Arranges Financing for Two Houston-Area Assets
HFF has kept busy in Houston this month. The Pittsburgh-based company recently announced that it has secured refinancing for One City Centre, a 608,660-square-foot office tower and two parking garages in Houston and that it has obtained a $6.15 million mezzanine loan for Kings Landing, a Class A multi-housing community in Kingwood, TX.
Jeanne Gang-Designed Skyscraper Could Become Chicago’s Third Tallest
A public meeting was recently held at Chicago’s Aqua Tower to discuss a $900 million mixed-use supertall proposed by The Dalian Wanda Group and Magellan Development for Lakeshore East.
Extensive Renovations Announced for The Shores at Las Colinas in Irving
LaSalle Investment Management, a Jones Lang LaSalle independent subsidiary, will soon begin work on the renovation of the recently acquired The Shores at Las Colinas, a 908-unit multifamily community located in the Urban Center of Las Colinas in Irving.
Monument Realty to Build New NAB HQ Next Spring
The National Association of Broadcasters is moving its headquarters to D.C.’s Capitol Riverfront neighborhood. NAB has recently reached an agreement with local developer Monument Realty and its investment partner, the New York-based Angelo, Gordon & Company, to purchase upon completion a new office building at One M Street. The move-in is scheduled for fall 2018.
Two Suburban Atlanta Apartment Communities Change Hands for $22M
Dallas-based The Milestone Group recently sold two Atlanta-area communities called Villas at Indian Trail and Shannon Chase to separate investors for the total amount of $22 million, ARA Newmark announced.
The Boulder Group Completes Sale of Newly Constructed Walgreens in Chicago Metro Area
The Boulder Group has recently brokered the sale of a newly constructed, single tenant net leased Walgreens property in Oak Lawn, Ill.
Newly Built Industrial Asset in Santa Fe Springs Signs First Major Tenant
A recently built Santa Fe Springs industrial asset completed a major long-term lease worth approximately $20 million. Gelson’s Markets recently inked an agreement for more of the available space at the Freeway Springs Logistics Center. The company will also take up a large component of the property’s available office space, where it will be relocating a large part of its staff. The transaction was arranged by two teams of Colliers representatives, rentv.com writes, with owner Freeway Springs LLC, a Golden Springs Development Co.