News
Historic Brady Arts District Buildings to Get Makeovers
The George Kaiser Family Foundation has plans to renovate the Fox Hotel and the Universal Ford building located in Tulsa’s Brady Arts District.
Tempe Building Sets New ENERGY STAR Record
The U.S. Environmental Protection Agency (EPA) just awarded the U.S. Airway/American Airlines office building in Tempe its 15th consecutive ENERGY STAR label – an impressive milestone seeing as this is a first for Arizona and the country.
Crimson, USAA Realco Break Ground on Project in Northwest Austin
In Northwest Austin recently broke ground a new Class A office building. The new development, Aspen Lake Two, is a partnership between Crimson Real Estate and USAA Real Company.
Economy Watch: Real M-F Fixed Investment Grows
While GDP growth in general might seem sluggish, if you look closer, you’ll see that real residential fixed investment, such as multi-family structures, grew at 4.1 percent.
Dayton Housing Market Registers Strongest December Ever
The Dayton housing market continues to improve. According to a report from the Dayton Area Board of Realtors, home sales in the region finished strong in December. In fact, sales and average prices during December 2014 reached the highest level ever for any December in the Dayton area on record.
Duke Realty Taps JLL to Lease Cincinnati-Area Portfolio
Duke Realty Corp. has selected a new leasing team for its Cincinnati-area office portfolio. The Indianapolis-based real estate investment trust has hired Jones Lang LaSalle to find new tenants for all of its 19 buildings in the region.
Arlington County Approves 450-Unit Apartment Project
The Washington, D.C. area is about to get even more apartments. Last week, the Arlington County Board voted unanimously to approve the redevelopment of an old office building into more than 450 apartments.
Maysville Retail Property Draws International Bidders
Demand for retail assets in the Greater Cincinnati area is on the rise. And numerous buyers, national and international, are right now rushing to buy both single- and multi-tenant properties in the region. Most recently, a foreign investor has acquired the Maysville Shopping Center in Maysville, Kentucky.
Strategic Hotels ‘Breaks Record’ with Montage Laguna Beach Purchase
Strategic Hotels & Resorts Inc. has just turned the heads of everyone in the hotel real estate business with its acquisition of the 250-key Montage Laguna Beach in Laguna Beach, Calif.
CBRE Sells Legacy Heights Apartments to Cottonwood Residential
The multifamily team of CBRE Capital Markets announced another sale on behalf of an anonymous seller. The property in question is San Antonio’s Legacy Heights; the new owner is Cottonwood Residential of Salt Lake City, Utah. The price of the transaction was not disclosed.