News
Griffis Residential Gets $48.8M for M-F Community in Colorado Springs
Denver-based Griffis Residential recently announced the sale of Sagebrook Apartments, a 314-unit Class A residential community in northeast Colorado Springs.
North Carolina and Raleigh Reach $52M Agreement on Former Dix Hospital Campus
After months of negotiations, state and municipal leaders have reached a deal that paves the way for the creation of the city’s own Central Park.
Wampold Cos. to Demolish, Rebuild on 5.5-Acre Apartment Site
Baton Rouge is getting a new luxury apartment complex. The Wampold Companies has finally started work on the Bayonne at Southshore, a new, luxury, rental community on Stanford Avenue.
Coronal-Panasonic Acquires Avalon Solar Project
The 35-megawatt Avalon Solar Project changed hands recently, the buyer – Coronal Group LLC – announced. While Coronal owns and manages the asset, Panasonic Eco Solutions, a unit of Panasonic Corporation of North America will oversee the operations and management of the project. Sumitomo Mitsui Banking Corporation was the financing provider for the sale.
R.R. Martin to Convert Former Bowling Space to Art Space
George R.R. Martin continues to pencil his role of protector of art while developing his landlord skills in the city of Santa Fe. After purchasing and bringing back to life the long-abandoned Jean Cocteau Cinema, he repeats the move by acquiring the former Silva Lanes property located at 1352 Rufina Circle in south Santa Fe.
Economy Watch: A Great Run for Apartments
For-rent multi-family is the darling property type of the entire decade of the 2010s and it’s not slowing down anytime soon.
Berkadia Taps Wheeler as New CEO
Newly appointed CEO of Berkadia Commercial Mortgage Justin Wheeler shares his 2015 market outlook with CPE.
INTERNATIONAL: Canada Pension Plan Investment Board Forms JV to Develop Massive M-U Project in China
The Canada Pension Plan Investment Board’s construction plan for a major mixed-use development in China’s Jiangsu Province marks the company’s first project of its kind in this part of the world.
GoldOller Picks North Houston Luxury Community for First Texas Buy
GoldOller Real Estate Investments, a Philadelphia-based owner and operator of apartment communities, recently entered the Texas market with the acquisition of the Trails at Dominion Park for $52.5 million. The 843-unit, luxury apartment complex is located on a 50-acre tract in North Houston, along the I-45 corridor.
Freeman’s Chicago Facility Earns LEED Silver Certification
The Freeman Company, a Dallas-based marketing and event firm recently announced that its industrial facility in suburban Chicago has achieved LEED Silver certification from the USGBC.