News
Brookwood Financial Partners Closes on Two Dallas Office Assets
Brookwood Financial Partners, a real estate investment and asset management company, announced that it has closed on two office assets in the Urban Center of the Las Colinas submarket in Dallas – 125 East John Carpenter Freeway and 5100 North O’Connor Boulevard.
$200M Monroe Street Market Mixed-Use Development Now Open in Washington, D.C.
Monroe Street Market, a $200 million mixed-use project developed by The Bozzuto Group, Abdo Development, and The Catholic University of America in the Brookland neighborhood of Northeast D.C. finally opened its gates to the public at the start of the month.
New Retailers Bring Balboa Mesa to 100% Occupancy
The owner of the Balboa Mesa Shopping Center has recently announced that new contracts have been signed at the facility, meaning that the shopping center is now fully leased. The San Diego-area retail property is currently under the ownership of national owner, operator and developer Regency Centers. The company’s local leasing agent, Eric Li, completed a total of 13 leasing agreements during the time that the property was in redevelopment.
Berkadia Secures $107M Financing Package for M-F Portfolio
Seven different multifamily properties located in the Las Vegas area recently received a financing boost. The Berkadia Commercial Mortgage LLC office in Orange County, CA issued a statement announcing that it had recently arranged financing worth a total of $102.9 million for a multifamily portfolio in the city.
Citrix Celebrates Opening of 170,000-Sq.-Ft. HQ in Downtown Raleigh
Citrix Systems held a ribbon cutting event for its new office building in the city’s downtown Warehouse District.
New, $20M Courtyard Marriott Hotel To Open in Downtown Baton Rouge
A new hotel is coming to downtown Baton Rouge. Windsor Aughtry Company, Inc. announced on Monday, October 13, its plans to construct a Courtyard Marriott Hotel right 260 Third Street, right in the middle of Downtown’s Historic Third Street Corridor.
City of Tucson Selects SMG to Manage Tucson Convention Center
Tucson Convention Center along with its three major performance venues, the 8920-seat Tucson Arena, the 2289-seat Tucson Music Hall and the 511-seat Tucson Leo Rich Theater is now part of SMG’s management portfolio following a “request for proposal” process conducted by the City of Tucson, the company announced. The contract took effect on October 1st.
Magnuson Hotels Announces the 400th Best Western Conversion, in New Mexico
The Magnuson Hotel and Suites Alamogordo, located south of Albuquerque, has recently been converted becoming the 400th Best Western the company is taking upon. Formerly the hotel was known as Best Western Desert Aire.
Alco Parking Owner Plans New Office Complex on Pittsburgh’s North Shore; Highwoods Properties, Soffer Organization Unveil Major SouthSide Works Office Project
Alco Parking president Merrill Stabile is planning a major office development and parking garage on the land he owns behind PNC Park on the city’s North Shore.
C.W. Driver Completes New Bloomingdale’s Store at Stanford Shopping Center
Contractor C.W. Driver recently completed work on the new Bloomingdale’s at the Stanford Shopping Center project in Palo Alto, Calif. The California-based company had been working on the project that replaced the old Bloomingdale’s store on El Camino Real since December 2013. The new retail building is an $18 million project that aimed at bringing a clean, modern design to the Stanford Shopping Center.