News
Embrey Partners Breaks Ground on Dwell at Legacy in North San Antonio
A new Class A apartment development broke ground under the Embrey Partners, Ltd. umbrella. This was made possible after the developer received zoning approval to turn 8.28 acres of commercially-zoned land in the Legacy Shopping Center into an apartment community.
JW Marriott Ihilani’s Transformation into a Four Seasons Resort to Cost $500M
Hawaii real estate developer Jeff Stone has partnered with Canada-based Westbank to buy and re-brand the JW Marriott Ihilani hotel at the master-planned Ko Olina community in West Oahu into a Four Seasons resort. Cornerstone Real Estate Advisers LLC is the seller of the property.
202-Key Former Wyndham Rebrands as Omni Riverfront Hotel
By Eliza Theiss, Associate Editor The New Orleans hospitality market continues to stay white-hot, as yet another hotel switches between giants’ flags, proving the allure of owning a Big Easy lodging asset. The hotel, at 701 Convention Center Blvd. and known as the Wyndham Riverfront New Orleans only a few days ago, has become the […]
Alamo Drafthouse Cinema To Open In Baton Rouge in 2016
Alamo Drafthouse Cinema is coming to Louisiana. The cinema chain has selected Baton Rouge as the home of its first theater in the Bayou State.
MC Companies Picks Up 319-Unit Rock Ridge Apartments in Tucson
MC Companies has recently announced the acquisition of Rock Ridge Apartments in Tucson’s Oro Valley submarket. Rebranded as The Place at Rock Ridge, the community is the seventh residential rental property in the group’s Tucson portfolio.
Love’s Travel Stop & Country Store Acquires 11 Acres in Albuquerque for New Truck Stop
Family-owned Love’s Travel Stop & Country Store announced plans to expand in Albuquerque’s West Side by building a second, larger 24/7 truck stop at the Interstate 40 and Atrisco Vista Boulevard interchange. The company has purchased 11 acres of land near the Tempur-Pedic Mattresses facility.
Newport Crossing Community in Newcastle Sold by Security Properties
The Newport Crossing residential community in Newcastle, WA, was recently sold by owner Security Properties Inc. in a deal worth a reported $38.8 million. The company unloaded the community through its Security Properties Multifamily Fund, at a substantial hike from the fee that the multifamily real estate owner acquired the asset back in 2012, $30.35 million. The increase in transaction value was not only the result of the improving real estate market of the Pacific Northwest, but also of a value-add renovation program carried out at the property.
INTERNATIONAL: JW Marriott Launches 115-Key Luxury Resort in India
JW Marriott Hotels & Resorts has opened JW Marriott Mussoorie Walnut Grove Resort & Spa, the hotel giant’s sole resort in the country.
Investors Buy Two Cuyahoga Falls Shopping Centers
Two Cuyahoga Falls shopping centers have changed hands this month in two separate transactions. The Plaza at Chapel Hill and the Shoppes at Chapel Hill are both are located on Howe Avenue.
STORE Capital Prices Offering, Anticipates Half-Billion in Proceeds
STORE Capital Corp. is going public and the net-lease REIT recently announced the pricing of its initial public offering of 27.5 million shares at $18.50 per share.