News
Mapleton-Fall Creek and BWI Plan $20M Senior Housing and Retail Project to Regenerate Bilghted Area in Indianapolis
A $20 million senior housing and retail project planned by the Mapleton-Fall Creek Development Corp. in partnership with local affordable housing developer BWI Development & Management Inc. could soon rise on a five-acre site north of downtown Indianapolis.
266 Developer Moving Forward with Mixed-Use Project for Downtown Memphis
Downtown Memphis might become home to a new, mixed-use project at the southeast corner of Dr. Martin Luther King Jr. Avenue and South Front Street. Operating under an entity called 266 Developer, LLC, Robert Mallory, John Dicken and Vince Smith have just made a request for a 10-year payment in-lieu-of-tax incentive to the Center City Revenue Finance Corp (CCRFC) for the development of a 145-unit residential complex.
108KSF Northlake Commons Fetches $31.5M, While 65KSF Terraces at University Place Sells for $8.2M
Charlotte’s retail market continues to be red-hot. Most recently an affiliate of Lincoln Property Co. picked up the Northlake Commons retail center for $31.5 million
Colliers Expands European Footprint with Acquisition of France’s AOS Group
Colliers International has just boosted its presence in the EMEA region by 20 percent–and established a notable base of operations in France and Belgium–with the acquisition of a controlling interest in Paris-based AOS Group.
INTERNATIONAL: Marriott to Open 30 Hotels Across Africa by 2020
The world’s largest hotel company, Marriott International, is opening 30 new properties across the African continent by 2020, nine of them slated to open by the end of 2015.
MetLife, Panattoni JV to Develop 900 KSF of Industrial Parks in Seattle Area
MetLife is partnering with Panattoni Development to build three new industrial distribution parks in the Seattle area for $63 million.
Henry S. Miller, TriVest, WholeLife Reposition Ownership
WholeLife Cos. has acquired the multi-family property contracts and assets of the Henry S. Miller Realty Management portfolio for an undisclosed price.
Economy Watch: Residential Price Increase, Unemployment Claims
Asking prices for U.S. residential properties rose 0.8 percent in September. For the week ending Oct. 4, initial unemployment claims decreased by 1,000 from the previous week.
Record $1.8B Apt. Portfolio Sale to Lone Star Includes 7 Triangle Properties
Seven Triangle apartment properties were part of one of this year’s largest multi-family transactions, the Triangle Business Journal reports.
India-Based Stixis Technologies To Open First U.S. Development Center in Baton Rouge’s Louisiana Technology Park
Another technology company is coming to Baton Rouge, following on the footsteps of IBM, EA, Gameloft, GE Capital and many others. The new addition is India-based Stixis Technologies Inc. It announced last week it will open its first U.S. development center at the Louisiana Technology Park.