News
Yet Unfinished, The Rialto Already Builds Tenant Base
Finishing touches are still underway at The Rialto, this however didn’t stop Wood Partners from putting the a 200-unit mixed-use apartment community on the market in October. The company already brought in 30 leases, according to a recent news release.
Buckhead’s Crescent Terminus Sold to Berkshire Group Affiliate
An affiliate of Boston-based Berkshire Group has recently acquired the 355-unit Crescent Terminus Community, Crescent Communities announced in a news release. The three-building luxury apartment complex is located in Atlanta’s Buckhead neighborhood and it is currently pursuing the ICC-700 National Green Building Standard’s Bronze Level Certification.
New Hampton Inn & Suites Breaks Ground in Midtown Miami
The joint venture behind the new Hampton Inn & Suites hotel in Midtown Miami recently announced to begin the construction of the 151-room property. Mayan Properties partnered with 3H Group Hotels and Arti Hersi, Inc. for the development.
$900M Wanda Vista M-U Project Becomes Reality
CHICAGO – An 88-story, Jeanne Gang-designed supertall is coming to Chicago’s Lakeshore East.
Civitas Senior Living Announces Plans for New Senior Living Community in Southwest Austin
A new senior lifestyle apartment community will break ground in Austin, owned by Civitas Senior Living, LLC. Ledgestone Senior Living will offer not only independent and assisted living apartments, but also a memory care cottage; the complex will enter the construction phase in June 2015, becoming the seventh property in the company’s portfolio.
Bruno Acquisition, Upgrade of Oakmont Apartments Worth $24M
New Orleans-based Bruno, Inc. has acquired Oakmont – New Orleans, a 336-unit apartment community in Algiers, located just minutes from New Orleans’ booming downtown
Carespring, LTC Open $24M Rehab Facility In Northern Kentucky
The Northern Kentucky city of Cold Spring is now home to a new transitional care rehabilitation and nursing facility. Carespring Health Care Management developed the $23.5 million state-of-the art complex in partnership with LTC Properties, Inc.
CPA:18 – Global REIT Acquires Office Campus in Rotterdam
CPA:18 – Global, a non-traded REIT managed by W. P. Carey Inc., has acquired a two-building office campus in the Netherlands, in a sale-leaseback transaction with Royal Vopak, the world’s largest independent tank storage provider.
INTERNATIONAL: W.P. Carey Buys Build-to-Suit Distribution Facility in Poland
Global net-lease real estate investment trust W.P. Carey Inc. has acquired a new, 362,000-square-foot build-to-suit, light-industrial and distribution center in Opole, Poland.
Archer Daniels Midland Plans 2015 Opening for IT Center in Northern Ky.
Archer Daniels Midland Company, a Chicago-based global food-processing and commodities-trading corporation, plans to establish an IT center in the Northern Kentucky city of Erlanger. The project will create 200 jobs.