News
In a First, Arizona Wins Place on LEED Top 10 List
A Tempe office building set a national ENERGY STAR record recently when it received its 15th consecutive ENERGY STAR certification. Now, Arizona won a new accolade as the state secured a position for the first time in the U.S. Green Building Council’s annual Top 10 States for LEED list.
SEG’s New Home in Tulsa Heads for June Debut
Construction is well underway at Society of Exploration Geophysicists’s new headquarters in Tulsa, FOX23 reports.
HID’s New, Green HQ Reaches Milestone
HID Global, a worldwide leader in secure identity solutions, has announced it has finalized the consolidation of its world headquarters and North American Operations Center located in Austin. In the following 12-18 months, the company has planned to pursue a number of additional security certifications for its operation.
CBL Disposes of Majority Ownership in Debt-Laden Mall Property in Raleigh
In a $181 million deal, CBL & Associates Properties and its 50-50 joint venture partner, The R.E. Jacobs Group, are selling the Triangle Town Center and the adjacent Triangle Town Place shopping center in north Raleigh to an institutional investor.
The Domain Companies Secures Construction Financing from First NBC Bank
The Domain Companies has secured financing for its second residential project in Baton Rouge, The Addison. The New Orleans and New York-based developer first announced its plans to build the $23 million development at the end of September. Construction started in November.
Clear Sky Capital Acquires Apartments in Albuquerque
Silverado Apartments has exchanged owners in a transaction handled by the rebranded Colliers HSK Multifamily Southwest Team, a partnership between Colliers International in Greater Phoenix and Collier’s office in Albuquerque. The buyer was Clear Sky Capital Inc. of Phoenix and the seller First Pacific Group, a real estate investment and management firm from San Francisco.
Lingerfelt Picks Up 2 Fairfield Inns
The 170-key Fairfield Inn & Suites by Marriott Orlando Lake Buena Vista and the 139-key Fairfield Inn by Marriott Orlando Airport changed hands, following Lingerfelt CommonWealth Partners’ recent portfolio acquisition.
Level 2 Plans 315-Unit Apartment Building at Union Market
Level 2 Development, LLC plans to bring an apartment building with more than 300 units in northeast Washington, D.C. The company has recently filed a Planned Unit Development Application with the Zoning Commission for a project called The Highline at Union Market.
Walton Street Capital, New Castle Hotels & Resorts Buy Downtown Hotels
As Mardi Gras continues to rage on in New Orleans, the city’s hospitality market is also having a blast, outpacing the national occupancy and RevPar average.
Lorain to Gain New Adult Rental Community
The Greater Cleveland area is about to get more residential units. Work is scheduled to start this winter on the The Village at Lighthouse Point, a new, upscale adult rental community which is expected to offer a much-needed rental alternative to those seeking residence in the city of Lorain.