News
Job Creation
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
ConAm Buys New Phoenix M-F Asset
By Liviu Oltean, Associate Editor ConAm Group of Cos. has increased its Greater Phoenix footprint with its $33 million acquisition of the Pointe at South Mountain, a 364-unit luxury apartment community. Located at 8809 S.Pointe Parkway East, the property represents ConAm Group’s tenth Phoenix multifamily acquisition. The Pointe at South Mountain features units with spacious […]
P&G Distribution Center in Union Nears Opening
Procter & Gamble is getting ready to open its massive, new distribution center in Union’s Global Logistics Airpark. The $89 million project is bringing 800 new jobs to the Dayton area.
Kamehameha Schools Sells Interest in Iconic Honolulu High-Rise
Kamehameha Schools, Hawaii’s largest private landowner, has sold the land under the 41-story mixed-use Executive Centre tower in downtown Honolulu.
Rouse Properties Completes Sale of The Shoppes at Knollwood
New York City-based Rouse Properties, Inc., a division of General Growth Properties (GGP) has completed the sale of The Shoppes at Knollwood in St. Louis Park, Minn.
CBRE Represents Price Development Group in Sale of Broadstone Colonnade in San Antonio
The Broadstone Colonnade apartment complex was sold to an anonymous buyer for an undisclosed price. The seller, Missouri-based Price Development Group, has been represented in the transaction by CBRE Capital Markets through Charles Cirar, Ryan Epstein, and Michael Wardlaw.
Beachwood Developer Plans 200,000-SF Distribution Center in Solon
ORG Holdings LLC intends to build a 200,000-square-foot warehouse on an 11-acre site located at 6801 Cochran Road.
Trammell Crow Residential, Bluerock to Develop Luxury Apartments Near Texas Medical Center
Trammell Crow Residential (TCR) and Bluerock Residential Growth REIT have joined forces for the development of a new, 269-unit apartment community in Houston. Dubbed Alexan Blaire House, the luxury community will be developed on a 4.2-acre tract just two miles from the renowned Texas Medical Center.
First Ever Virgin Hotel Opens in Chicago
The first property to be part of Sir Richard Branson’s new Virgin Hotels brand opened its doors in Chicago, marking a significant milestone in the history of the Virgin Group.
Wood Partners Makes Progress on Luxury Apartment Community in Downtown Dallas
Atlanta-based Wood Partners recently started work on the development of Alta Farmers Market, a 313-unit apartment community in downtown Dallas. The developers expect to complete the project sometime in late 2015.