News
Weinstein Properties Buys 260-Unit Apartment Complex in Morrisville for $53M; Greystone Property Management Acquires Raleigh Multi-Family Portfolio for $18.4M
The newly built Bristol multi-family community within Morrisville’s 100-acre Park West Village retail and commercial center has a new owner.
Low Baton Rouge Apartment Vacancies Inspire Owners to Renovate, Expand Properties
In its most recent apartment market report, the real estate firm of Cook, Moore & Associates said vacancies in the Baton Rouge area have declined to 5.68%. This level is slightly lower than historical norms. It is not only encouraging developers to add more units to the area but it is also inspiring some owners to renovate or even expand their properties.
Mister Car Wash Opens New National HQ in Tucson
Mister Car Wash, the largest car wash company in the United States has opened its national headquarters recently, in mid-October.
Developers Release Renderings of California College of the Arts Affordable Student Housing Project
California College of the Arts recently released renderings for one of the most interesting student housing projects in the entire state of California. The university’s in-development Panoramic Residences is an affordable student housing development on which CCA has partnered with Panoramic Interests. The project is taking shape in San Francisco’s SoMa district, in the vicinity of Twitter’s current HQ, as well as the upscale apartment complex known as Nema. The property is on track for an official opening in the fall of next year.
Amazon to Invest $75M in First Illinois Facility
Amazon.com, Inc., together with Illinois state officials, recently revealed plans to develop the company’s first facility in The Prairie State.
U.S. Olympic Museum Design Team Revealed
U.S. Olympic Museum officials recently revealed the team chosen to handle the design and construction work for the country’s first Olympic Museum.
DeAngelis Diamond Healthcare Announces $10M Treatment Center in Albuquerque
The Naples, Florida-based DeAngelis Diamond Healthcare Group, LLC has announced the development of a new residential treatment center in Albuquerque for Acadia Healthcare. The construction of the facility will be divided into two phases.
2 ARCP Execs Resign in Midst of Accounting Errors, Stock Plummets
The CFO and top accounting executive at American Realty Capital Properties resigned Wednesday after ARCP admitted there were errors in its financial statements as recently as this year’s second quarter that “should no longer be relied upon.”
Armada Hoffler’s Tony Nero Talks About the 3200 St. Paul Development and Student Housing in Baltimore
Johns Hopkins University has recently announced that Armada Hoffler Properties Inc. and Beatty Development Group LLC could start work on a mixed-use development in Baltimore’s Charles Village neighborhood by next April. The project has not yet been named and is only referred to as 3200 St. Paul. It calls for the construction of a 12-story building, with 157 student apartments and 31,500 square feet of commercial space.
Two Prime Retail Properties in Manhattan Sell for Nearly $50 Million
Maguire Capital Group affiliate buys retail condo at 245 Seventh Avenue, Harbor International Group sells 1420 Broadway.