News
Rexford Industrial Acquires Fully Leased Industrial Property in San Fernando Valley for $30.5 Million
Southern California’s industrial market is clearly improving lately and Rexford Industrial Realty Inc. is also jumping on the bandwagon. The real estate investment trust recently announced the cash-funded acquisition of 9120 Mason Avenue in Chatsworth, CA for a reported fee of $30.5 million. The company specializes in owning and operating industrial properties located in SoCal infill markets.
Economy Watch: State Unemployment Levels, Household Net Worth
The Bureau of Labor Statistics reports that only 15 states saw unemployment decrease in August. Also, according to a new report by the Federal Reserve, the net worth of U.S. households has increased to a new high.
Duffy’s Enters Orlando Market and Plans Further Expansion
Duffy’s Sports Grill has recently announced the grand opening of their first location in Orlando.
Aloft South Beach Tops Off
Aloft South Beach, an adaptive reuse project announced earlier in May topped off according to JMH Development, one of the partners in the joint venture that develops the new 235-room hotel in the heart of Miami’s South Beach submarket.
RKF to Manage Lease of Historic 10 East Ohio in Chicago’s River North
New York-based RKF recently announced it has been selected as the exclusive leasing agent for 10 East Ohio, an architecturally and culturally significant property in Chicago’s River North neighborhood.
Summit Hotel Properties Acquires Hampton Inn & Suites for $53 Million in Downtown Austin
Summit Hotel Properties announced the acquisition of the Hampton Inn & Suites, the first property owned by the company in Austin, the home of their corporate offices. The new addition is located downtown, just one block from the Austin Convention Center and Lady bird Lake, in the central district. Summit Hotel Properties, Inc. has a portfolio consisted of 91 hotels, encompassing 11,589 guestrooms in 21 states.
Opus Completes 140-Unit Venue at Dinkytown
The Opus Group has completed the construction of Venue at Dinkytown, a 140-unit mixed-use development project located at 428 13th Ave. S.E. in Minneapolis.
Harbor Group International Announces Sale of Bella Madera Apartments
Harbor Group International, LLC announced the sale of the Bella Madera apartment community to affiliates of Falkin Platnick Realty Group. The property had been acquired by the current seller in November 2007.
$35M Low-Income Seniors Housing Facility Opens in New Orleans High-Rise
The Housing Authority of New Orleans (HANO) recently provided important updates on the efforts being made to provide safe, affordable and equitable housing to the residents of New Orleans, especially in the context of rebuilding after Hurricane Katrina.
The Studios Center for the Performing Arts Set for October Opening in Downtown Seattle
The Seattle arts scene is set to be expanded as a new performing arts center is ready for an upcoming opening. The Studios Center for the Performing Arts is the result of the work carried out by Ryan Waite and Shanna Waite, a Seattle-based couple with an interest in the area. The two are set to open the doors of the brand new facility at 1801 Fifth Avenue in a century-old building next month.