News
New Orleans Hotels Rebrand, Expand and Start Anew
It’s not breaking news that New Orleans is a thriving tourist hub. As such, hotel development is a big part of the city’s real estate business. Recently a string of new hotel development lit up the local real estate and tourism sectors.
JB Matteson Acquires Northshore Townhomes in Kenmore in $22M Deal
A rental condominium property in Kenmore, WA is the latest asset to become part of JB Matteson’s shopping spree on the West Coast. The San Mateo, CA-based private real estate investment manager recently acquired the Northshore Townhomes from seller Grosvenor Americas USA for a fee of $22.1 million. The property is the third multifamily asset acquired by the company during the past few years, joining the Langara Apartments in Issaquah and the Greenhouse Apartments in Seattle. The transaction was arranged by a CBRE team.
Hyatt Place Cleveland/Independence Sold to Lone Star Funds as Part of 38-Hotel Portfolio
The Hyatt Place Cleveland/Independence is changing hands. The Northeast Ohio property is one of 38 hotels Hyatt Hotels Corporation has agreed to sell to Texas-based Lone Star Funds for about $590 million.
Livability.com Ranks Arlington Third Best Place to Live
Arlington is one of the best places to live in the United States. The Northern Virginia community occupies third place in Livability.com’s second-annual ranking of the best small to mid-sized cities in the country, behind only Madison, Wisconsin, and Rochester, Minnesota.
American Traffic Solutions Picks Mesa Office Campus for 108 KSF Headquarters
American Traffic Solutions (ATS), a provider of traffic safety, mobility and compliance solutions, recently made public its plan to relocate over 600 employees to The Waypoint in Mesa, a new Class A office campus. The company will consolidate operations in one of two new buildings that are being developed by owner Harvard Investments and development partner Lincoln Property Company (LPC).
Hogan Assessments to Build $15M New Headquarters in Tulsa
Tulsa-based Hogan Assessments recently announced it has broken ground on a new headquarters at the northeast corner of First St. and Greenwood Ave.
Wilmington College Breaks Ground on $8.4M Center for Sports Sciences
Wilmington College broke ground last week on its Center for Sports Sciences, at the site of the former Charlie Gilhart Soccer Field, in Wilmington. The Clinton County college said it will invest $8.4 million in the project and that its new facility will be ”like no other.”
Community Health Network Announces $175M Investment in New Health Pavilions and Hospital Renovation
Community Health Network is planning to invest $175 million in the construction of three new health pavilions on the eastside of Indianapolis over the next few years.
McNeill Commercial Starts Preparations for $150M M-U Development in Germantown; Independence Realty Trust Acquires Cordova’s Property
By Liviu Oltean, Associate Editor McNeill Commercial Real Estate recently acquired 19 acres of land in Germantown for the development of a $150 million mixed-use complex. The project, carrying the name Thornwood, will be located at the northeast corner of Neshoba Road and South Germantown Road, according to the Memphis Business Journal. Thornwood will comprise […]
UCF – Valencia College Partnership Plans Shared Campus Downtown
The University of Central Florida has recently announced that they are planning to create a new campus in downtown Orlando. UCF will share space with Valencia College in the new facility.