News
Hilton Worldwide to Launch New Canopy Hotel Brand at Rockville’s Pike & Rose
Hilton Worldwide recently announced its plans to launch a new brand of lifestyle hotels, called the Canopy. In the next few years, the company will open eleven such hotel in the United States and England.
BKM Capital Acquires Black Canyon Business Park, Plans $5M Upgrade
BKM Capital Partners, a California-based collaborative investment firm, has recently acquired a three-property office portfolio for $42.8 million. The portfolio comprises the Black Canyon Business Park in Phoenix; the Hayden Island Business Park in Portland; and the Patrick Commerce Center in Las Vegas.
Milhaus to Build on Downtown Land Bought from City for $1; Annex Student Living Acquires Five Midwest Residential Properties for $41M
Milhaus Development LLC is planning the construction of an unusual apartment building on a thin block-long stretch of land in downtown Indianapolis.
Dawn Properties Acquires Memphis’ Long-Stalled Apt. Highrise for $13.5M
Cushman & Wakefield recently made public that they brokered the acquisition of Memphis’ Horizon, a 16-story, 155-unit high-rise that has remained unfinished for more than six years due to the financial crisis of 2008.
New Basketball Courts Debut at 3 Moore Schools, Gifts from Thunder
Three new basketball courts opened October 22nd for three schools damaged by last year’s tornado, through a donation from the Oklahoma City Thunder and its Thunder Cares Foundation.
Atlas Residential Picks Up Two Orlando Communities for $150M
Alexandria Parc Vue and Crowntree Lakes, two apartment communities in Orlando changed hands recently, Atlas Residential acquired the portfolio.
Steadfast Apartment REIT Acquires 696-Unit Portfolio
Steadfast Apartment REIT has recently picked up 696 apartment homes in North Gwinnett. The investment trust paid $98.5 million for the portfolio that is comprised of two adjacent communities originally constructed as stand-alone properties with 354, respectively 342 apartments.
BrickellHouse Condo Development Complete, Units Sold Out
BrickellHouse, Newgard Development Group’s brand new$190 million, 374-unit luxury condo tower is now completely sold out and has officially received its temporary certificate of occupancy. The developers started sales in October 2011.
Focal Point Plans Expansion at Chicago Production Center
Architectural lighting manufacturer Focal Point is planning to expand its headquarters at 4141 S. Pulaski Road in Chicago’s Southwest Side.
Ryan Cos. Reveals $210 Million Corporate Project in Austin
Minneapolis-based development and construction company, Ryan Cos., unveiled the impressive project it plans to develop on the south shore of Austin’s Lady Bird Lake. The Waterfront corporate development illustrates a 625,000-square-foot office development on 10 acres, west of Pleasant Valley Road.