News
Schneider Plans High-End Project in Madisonville
In its National Apartment Market Report for 2015, Marcus & Millichap said that household creation in Cincinnati will accelerate this year, as some of the metro’s Fortune 500 companies expand, thus creating demand for rental housing. One new project has already been announced.
UD, Concord Hospitality Buy Dayton Marriott
Last month, the University of Dayton announced that, together with Raleigh, N.C.-based Concord Hospitality, it has acquired the Dayton Marriott Hotel at the western gateway of its campus. The purchase price was $18.5 million. UD and Concord will jointly own the property.
Owens Realty Buys 2 Office Buildings in East Orlando
Two of Quadrangle Corporate Park’s single-story office buildings totaling 82,175 square feet have a new owner following a $13,570,000transaction. The value of the acquisition translates as $165 per square foot.
INTERNATIONAL: Skanska Secures Contract for Sports Hall, Supermarket in Stockholm
Skanska has inked an agreement for the construction of a new development project in the Huddinge municipality of Sweden’s capital.
Ashford Trust to Buy Lakeway Resort for $33.5M
The strong Austin economy and the sustained growth in the technological sector, mixed with increasing visitation, appeals more and more to investors. Recently, Dallas-based Ashford Hospitality Trust announced that it has signed an agreement to acquire Lakeway Resort & Spa for $33.5 million. The acquisition should close within the next 30 days, and Remington Lodging will take on the management responsibilities. The seller is the joint venture formed by Dow Hotel Co. and the Carlyle Group.
Fuyao To Put $130M More in New Moraine Plant
Fuyao Glass America Inc. plans to invest even more money in Ohio and add even more jobs. The company recently announced it has selected Moraine for its North American after-market automotive glass manufacturing. At the moment, all of Fuyao’s after-market glass production is located in China.
CBRE Adds UCR in Latest Expansion Effort
In order to strengthen its retail side, CBRE Group has acquired United Commercial Realty.
DTZ Represents ACH In Its Kentucky Portfolio Growth
DTZ helps Albanese Cormier Holdings acquire the Alexandria Village Green Shopping Center from Phillips Edison & Co to increase it’s Kentucky profile.
Pinnacle Development Investors to Develop Unique Luxury Residential Tower In Baltimore
Pinnacle Development Investors LLS plans to start work on a new, ultra-luxury residential tower within Baltimore’s HarborView Community. Called The Pinnacle, the project is unlike other residential developments, because the unit owners are also investors and developers.
Finmarc Management Sells Elkridge Warehouse Building for $12.5M
Finmarc Management, Inc., in partnership with Kodiak Properties, LLC, sold an Elkridge warehouse and distribution building last month, to Denver-based DCT Industrial Trust. The price of the transaction was $12.5 million.