News
Market Snapshot: Steady Economy, Solid Gains in Employment = Positive Outlook on Boston’s RE Market
Improving employment trends and a positive outlook of the local economy make Boston one of the most stable markets in the nation, according to recent research data published by Marcus & Millichap.
Hillwood Investment Makes Official 4M-Plus SF Industrial Park
Hillwood Investment Properties officially announced its plan to develop a Class A business park in Olive Branch, MS. The project, dubbed Legacy Park, has the potential of bringing between 850 and 3,000 new jobs to the Memphis metropolitan area.
MC Cos. Buys 256-Unit M-F Complex in South Tulsa; Plans $2M Upgrade
MC Companies, a full-service real estate investment and management company headquartered in Scottsdale, Arizona has acquired The Galleria, a 256-unit, value-add apartment community located in South Tulsa.
Westwood Leases 47K SF Space to Publix at Steele Creek Crossing; Northlake Mall Sold in $1.4B Portfolio
Los Angeles-based Westwood Financial Corp. (WFC) recently announced the opening of a Publix grocery store at Steele Creek Crossing, a 77,301-square-foot retail center fully owned by WFC.
Capital Investment Breaks Ground on $80M Project in Newport
Cincinnati-based Capital Investment Group Inc. broke ground last week on the $80 million expansion of Newport on the Levee. Called Aqua on the Levee, it will bring apartments, retail, parking spaces and the region’s first Aloft hotel.
Hampshire Properties Buys The Seasons At Bel Air Apartments For $80M
Another Greater Baltimore area apartment complex has recently changed hands. CBRE Capital Markets announced last week that Hampshire Properties paid $80 million to buy the Seasons at Bel Air garden community.
UIP, Criterion Buy Two Apartment Communities Near Fort George G. Meade for $39.3M
Urban Investment Partners and Criterion Holdings have recently acquired two apartment communities located near Fort George G. Meade for a total of $39,340,000. Together, the two Baltimore/Washington Corridor properties have 385 units.
Empty Nesters and Millennials Drive Urban and Suburban D.C. Multifamily Market
The greater Washington D.C. area has more than 30,000 apartment units coming online, scaring some institutional investors.
New York City’s Iconic Payphones to Become Free Wi-Fi Hotspots
Last year more than two dozen solar powered charging stations were installed in various public parks across New York. What if the city took connectivity to another level?
BRA Approves 94-Unit Multifamily Project at 135 Bremen Street
For decades East Boston was known as a gritty, underdeveloped area in the city’s Innovation District. But as new developments started accommodating a wave of businesses in the area, Eastie turned into a promising neighborhood for real estate developers and investors.