News
Costco and Trader Joe’s Detail Plans for Tulsa Stores
The first Costco and Trader Joe’s stores in the state of Oklahoma are scheduled to open in Tulsa in 2015.
Steadfast Apartment REIT Buys 192-Unit Asset
Steadfast Apartment REIT has made another multifamily acquisition in the Midwestern United States. At the end of February, the REIT announced it has purchased the Columns on Wetherington apartment community for $25 million. Steadfast has so far invested more than $290 million in eight apartment communities, in six Midwestern and Southern states.
LTC Properties Develops $10.7M Memory Care Community in Partnership with Anthem
California-based senior housing and healthcare property REIT LTC Properties, Inc. has announced the completion and opening of Greenridge Place, a 60-unit memory care community in Westminster, Colo.
LSU Delays Groundbreaking for $12M Tiger Athletics Nutrition Center
Louisiana State University will not start work on its new Tiger Athletics Nutrition Center this spring. Joe Alleva, LSU Vice Chancellor and Director of Athletics, has recently announced that the athletic department is going to delay breaking ground on the $12 million project until further notice.
Land & Houses USA Pays $74M for Upscale San Mateo Asset
As The Bay Area continues its growth in terms of the real estate markets, an important transaction was recently completed in San Mateo. Wood Partners received $73.6 million for its Mode by Alta community from buyer Land & Houses USA Inc. The deal was arranged by Institutional Property Advisors.
Oversized Brooklyn Warehouse Sells for $45 Million
A vacant industrial facility located at 29 Ryerson St. in the Wallabout/Clinton Hill section of Brooklyn changed ownership and is now preparing for a complex transformation.
Charlestown Gatehouse 75 Sold for $54.5 Million
A luxury rental community in the heart of Boston’s historic Charlestown neighborhood near the Gilmore Bridge was recently sold to an affiliate of the Berkshire Group.
Church Turns Into Multi-Tenant Retail Development
The relocation of the Christian Faith Fellowship Church to North Country Club Drive opened up a redevelopment opportunity at the religious organization’s former location at 5601 E. Broadway Boulevard. A local developer under the entity Broadway Festival, LLC picked up the two-acre property and marked it out for a multi-tenant retail project with three freestanding pads, one of which has already secured its first tenant.
SolarCity Enters New Mexico with New Center
Albuquerque will soon start shining again. Even though Tesla Motors CEO Elon Musk chose another location for the lithium-ion battery factory to the detriment of the Duke City, he observed another advantage the city offers: the shining sun. With his two cousins, Lyndon and Peter Rive, they are bringing to New Mexico one of America’s largest solar power provider.
iGlobal Forum Special Report: Secondary Markets, Prime Opportunities
How do you pick a secondary market? An expert panel offered answers to that pressing question at iGlobal Forum’s annual Real Estate Private Equity Summit.