News
PRG Buys 396-Unit Raleigh Apartment Complex, Plans Major Upgrades
PRG Real Estate has acquired The Falls Apartment Homes, a 396-unit garden-style apartment community in northwest Raleigh.
Two Hospitals to Build New Cancer Center In Baton Rouge
Mary Bird Perkins – Our Lady of the Lake Cancer Center has once more joined forces with Woman’s Hospital in the battle against cancer. The two hospitals announced last week that they are teaming up to build a new cancer center in Baton Rouge and establish a new system of care that will promote a higher degree of physician collaboration, coordination and disease management for patients with breast and gynecologic cancers.
Micro-Hotel Format to Make its Capital Debut in Chinatown
A new type of hotel is coming to Washington, D.C. Monument Realty, Modus Hotels and Cafritz Co. have joined forces and now plan to start work on a micro-hotel in the District’s Chinatown neighborhood. The project is expected to cost $60 million.
Pair of Multibillion-Dollar Projects Gets Formal Launch
On March 25, Governor Larry Hogan celebrated Maryland Day by participating in milestones for two projects with significant economic impact for the state.
A&R, City Housing Authority Break Ground On $120M Project
A&R Development and the D.C. Housing Authority broke ground last week on the $120 million Capitol Gateway Marketplace. The mixed-use project will bring retail options to a place which some have until now called ”a food and retail desert.”
Intercontinental, MG Buy Big in SoCal
Intercontinental Real Estate and MG Properties Group are boosting their California holdings with a sizable purchase.
Kite Realty Flies to Upscale Dallas Retail
The purchase of Colleyville Downs is the third for Kite since its $2.1 billion merger last summer with Inland Diversified Real Estate Trust Inc.
Howard Johnson Hotel Trades at Miami Airport
The new owner, LCP Hialeah Gardens Hospitality, is likely to rebrand the 259-key property.
Economy Watch: Job Growth Hits a Bump
The economy wheezed a little in March, not producing as many jobs as expected, and fewer than at any time in that last six months or so. Could this be a sign of slowing growth?
International: Brookfield Tapped to Build Skyscraper in Sydney
Greenland Group has selected Brookfield Multiplex to build a tower in Sydney’s CBD for no small change.