News
Lehman Makes Room for Mixed-Use Development in Baltimore Area
A Lehman Brothers affiliate has sold a redevelopment site in College Park, Md., with a checkered history to give way to a mixed-use project.
E.Con Special Series—Part One: Automated e-Commerce—Are We Ready?
Automation is playing a growing role in the e-commerce movement, according to speakers at NAIOP’s E.CON conference. But it comes at a price.
Grosvenor Americas, McCaffery Interests Unveil F1RST Mixed-Use Project on Capitol Riverfront
On Wednesday, April 8, Grosvenor Americas and its partner, McCaffery Interests, celebrated the official groundbreaking for a major mixed-use development at the Capitol Riverfront, in southeast D.C. At the ceremony, the developers also unveiled the name of the new project: F1RST.
Austin Developer PSW Real Estate Begins Building the Olmos Drive Community
Austin-based developer of single-family homes, PSW Real Estate, recently announced that it has begun the construction of 26 green homes in Olmos Park. This is the company’s first development project in San Antonio, with two more following in Alamo Heights and South Town.
Commodore Waikiki Condo Project Hits Market
Sales have been launched at the Commodore Waikiki, a new low-rise condo conversion that overlooks the Ala Wai Canal at 1880 Kahakai Drive in Honolulu.
Urban Water Plan Wins National Environmental Planning Award
The New Orleans Urban Water Plan has been named winner of the American Planning Association’s (APA) 2015 National Planning Excellence Award for Environmental Planning, an accolade that celebrates efforts to create greener communities that reduce the impact of development on the natural environment and improve environmental quality.
LOCA Development on Portland’s Central Eastside Receives $74M in Construction Financing
U.S. Bank recently announced that it has closed on a $74 million construction loan with developer Killian Pacific for a Portland development project. A Central Eastside site that has stood unoccupied by nothing but a herd of goats, is now finally set to be developed. Killian is finally ready to commence construction of the LOCA mixed-use development at the site that is currently known by Portland residents as the “Goat Blocks”.
Asset Plus Buys Historic Heritage Hall for $4.5M
Out-of-state investors have scooped up another historic building in Cleveland. Houston-based Asset Plus Companies, Inc., the largest privately-owned student-housing company in the nation, has recently acquired the century-old Heritage Hall building at 2200 Prospect Avenue, in the city’s downtown. The price of the transaction was $4.5 million.
Low-Income Affordable Housing Project Underway in Brooklyn
Work is now underway on a new supportive housing development in Brooklyn’s Ocean Hill neighborhood.
CBRE Facilitates Sale of Multi-Family Portfolio in Central Florida
Acting on behalf of an unidentified seller, CBRE Capital Markets has orchestrated the largest apartment trade in Central Florida year to date.