News
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.
Freddie Mac to Buy Biggest Property on West Coast
Freddie Mac is about to purchase the biggest loan for one apartment community.
Liberty Property Trust Leases Sizeable Industrial Space in Illinois
Liberty Business Center has finally filled its most massive industrial vacancy in Romeoville, Ill.
Analysts Buzzing About GE Capital Acquisition
Analysts are still reeling from the surprising deal on Friday, which saw Blackstone and Wells Fargo acquiring billions in assets from GE Capital.