News
Forest City Enterprises Plans New Apartments, Offices and a Hotel at Station Square in Pittsburgh
Forest City Enterprises is planning to convert the east side of the waterfront Station Square complex in Pittsburgh into 300 apartments, offices and a hotel.
The Flats at Taylor Place Brings 283 Units to Germantown
Nashville’s apartment market continues to perform at a stellar rate. Thanks to a healthy economy and solid job growth, Music City continues to attract new residents at a rapid pace, thus fueling demand for apartment housing.
Lincoln Plaza in CBD Orlando Changes Hands
The 16-story, 246,000-square-foot Lincoln Plaza in Orlando’s Central Business District was picked up recently by Highwoods Properties, Inc. The company funded the acquisition with proceeds from non-core dispositions, its ATM program and borrowings under its revolving credit facility. No debt was assumed in connection with this transaction. The total investment is expected to be $68.3 million.
165-Key Warehouse District Hotel Rebrands, Starts $14M Reno
It looks like things are going to heat up even more for the Big Easy’s tourism industry.
The Clairmont Changes Hands, Rebrands as Madison Brookhaven
By Balazs Szekely, Associate Editor The 288-unit The Clairmont multifamily community in Atlanta was recently picked up by affiliates of Equus Capital Partners, Ltd., the company announced. The property has been renamed Madison Brookhaven, the acquisition was made on behalf of a discretionary fund managed by Equus, BPG Investment Partnership IX, LP commonly referred to […]
Miami Worldcenter Developers Outline Construction Timeline for Phase One
Miami Worldcenter developers have outlined an initial construction timeline for the first phase shortly after the City of Miami unanimously approved the zoning package and development agreement. Spread over 27 acres in downtown Miami, it is one of the largest private real estate developments currently underway in the nation.
DiNapoli Capital Partners Acquires Pearl District Residential Community in $37M Deal
Portland’s Pearl District is attracting a large amount of interest lately, with investors ready to move on any great opportunities. Honeymoon Hardware Lofts was recently sold by a joint venture between Seattle-based Security Properties Inc. and Lubert-Adler Partners from Philadelphia to buyer DiNapoli Capital Partners for a total fee of $37.05 million. Portland HFF representative Ira Virden led the team that handled the transaction for both parties.
Acadia Realty Trust Pays $144M for Prime Retail Asset on Chicago’s Mag Mile
Acadia Realty Trust, a New York-based equity real estate investment trust recently announced the acquisition of an 88.4 percent interest in 840 N. Michigan Ave., a prime street-retail property on Chicago’s Magnificent Mile, at a cost of $144.3 million.
Kent State to Invest More Than $142M in Construction, Renovation Projects
On Wednesday, December 3, Kent State University announced it will spend more than $142 million for the construction and renovation of several buildings on its campus.
Griffis Residential Acquires 512-Unit Premium Multifamily Community in Austin
Denver-based multifamily investment and management firm Griffis Residential announced the acquisition of Class A multifamily community, The Orchard Apartments. Post-acquisition, the complex has been renamed Griffis La Frontera to convey with the company’s persistent brand excellence and its location in the La Frontera commercial park.