News
JW Marriott, Pearl Hospitality Announce Grand Opening of JW Marriott Houston Downtown
JW Marriott Hotels & Resorts and Pearl Hospitality have recently held the grand opening of the 328-room JW Marriott Houston Downtown. The hotel is located at 806 Main Street in the historic Samuel F. Carter Building and it represents Marriott’s first adaptive reuse project in Texas.
Pillar Commercial, Original Capital Partners Acquire Collins Square in Richardson
A joint venture between Pillar Commercial and Original Capital Partners recently closed on Collins Square, a 4-story, 213,864-square-foot office building located in the Telecom Corridor in Richardson. The deal was announced by CBRE Capital Markets, which represented the seller, StremCo.
AMC Delancey Sells Radisson Largo-Washington, D.C., for $10.5M
A Washington, D.C.-area hotel has recently changed hands. Philadelphia-based AMC Delancey sold the Radisson Largo-Washington, D.C. to an unnamed buyer for $10.45 million or about $56,800 per room.
Halle Cos. Plans 300-Acre Mixed-Use Residential Development off Durham Freeway
A new mixed-use residential development could soon rise on a 300-acre site just off the Durham Freeway at the Ellis Road exit.
Glass Wholesaler to Relocate Manufacturing Facility to 41K SF Renovated Space in Baton Rouge
Governor Bobby Jindal announced on Monday, November 24, that ClearEdge Wholesale Glass is leaving New Orleans, but not the state of Louisiana. The glass wholesaler plans to relocate to Baton Rouge and expand its manufacturing operations.
Colliers Transacts Sale of 13.72-Acre Class A Shopping Mall Property
The Dove Mountain Centre shopping mall changed hands recently. The Colliers International team representing the seller included Executive Vice President Mindy Korth and Vice President Kirk Kuller of the company’s Greater Phoenix arm. Paul Schloss of Bourne Advisory Services, LLC represented the buyer in the transaction.
Gibson Rising to Welcome Chili’s and Chick-fil-A
Gibson Rising is a new 4.5-acre development located on Gibson Boulevard at the southeast corner of the Gibson/University intersection. The property will house two national retail chains, Chili’s and Chick-fil-A. A third restaurant will follow after signing the lease.
Value Place, Holladay Properties JV Plans 15 New Hotels in the Chicago Area
Value Place, the largest extended-stay hotel brand in the U.S. recently announced plans to build multiple hotels in the Chicago area within the next 60 months, in partnership with South Bend, Indiana-based Holladay Properties.
Griffis Residential Pays $40M for Strathmore Apartments in Lafayette, CO
Griffis Residential, a Denver-based multifamily investment and management company founded in 2012 recently announced the purchase of the 208-unit Strathmore Apartments community in the metro Denver area of Lafayette, Colorado.
Market Snapshot: Seattle One of Strongest RE Markets in the U.S.
Now that most analysts are calling the official end of the real-estate economic downturn, Seattle is one of the big winners among American cities.