News
Mandel Group Expands Presence in Minnesota with Purchase of 282-Unit Lemay Lake Apartments in Eagan
Mandel Group, Inc., a Milwaukee-based real estate services company recently announced the purchase of Lemay Lake Apartments, a 282-unit market-rate apartment community in suburban Eagan, Minnesota.
Capital One M-F Finance Opens Orlando Office
Capital One Multifamily Finance has opened a new office in Orlando and chosen industry veteran Robert Nagel, newly appointed senior vice president of originations, to head up the new branch.
Connell Canyon Ridge Sells The Estates at Canyon Ridge in San Antonio
The Estates at Canyon Ridge in the Stone Oak master-planned community in North Central San Antonio has changed owners. The seller was New Jersey-based Connell Canyon Ridge, LLC, represented in the transaction by CBRE Capital Markets. California-based FSC Realty purchased the multifamily asset; details about the sale are undisclosed.
285-Key Loews New Orleans Completes $4M Update; 106-Key Pontchartrain Hotel Embarks on $10M Remodel
The 285-key Loews New Orleans, a landmark downtown New Orleans hotel has announced completing a $4 million renovation.
LMN Architects Reportedly Chosen as Lead for Washington State Convention Center Expansion
As Seattle continues to grow in terms of office and residential real estate, the city has for some time remarked the need of expanding its offering in terms of major events. To that effect, the Washington State Convention Center has announced that a team consisting of GGN, LMN Architects and SHoP is on track to win the competition meant to select an expansion of the center. According to recent reports, negotiations and a legal agreement are the only things keeping officials from an announcement.
Blackstone JV Sells 2-Building Portfolio; National, Bulfinch Sell Office Edifice, Both in Cambridge, Mass.
The weather might be cooling off a lot, but all that brainpower in Cambridge, Mass., seems to be heating up the CRE market there, since two office transactions were announced Friday that totaled three buildings and 670,000 square feet.
On the Ground: Downtown Detroit Today
Contributing editor Leah Etling paid a visit to Detroit in August. View her photos and read her commentary on the market.
Two New Hotels Open in Akron
On Friday, November 14, Homewood Suites by Hilton announced the opening of its newest property in the state of Ohio. Called the Homewood Suites by Hilton Akron Fairlawn, OH, it is the brand’s first hotel in the Akron area and its fifteenth in the state.
Smithsonian Unveils Plans for $2B South Mall Campus Renovation
By Adrian Maties, Associate Editor The Smithsoninan plans to renovate its South Mall campus. Last week, the institution unveiled a $2 billion master plan to revitalize the museums and gardens along Independence Avenue S.W., from Seventh to 12th streets. Denmark-based Bjarke Ingels Group, a noted international architectural firm, was hired to design the plan. It […]
Economy Watch: State Unemployment Rates, Mortgage Delinquencies, Road Travel
Thirty-four states and the District of Columbia had unemployment rate decreases in October compared with September. Mortgage delinquencies are are at their lowest level since November 2007. Travel on all roads and streets nationwide was up 2.3 percent in September year over year.