News
Country Inn & Suites By Carlson Opens in Roseville
Country Inns and Suites By Carlson has announced the opening of Country Inn & Suites By Carlson in Roseville, Minn.
VIA Metropolitan Transit Announces Launch of Phase II of Multimodal Project
VIA Metropolitan Transit has begun the construction of the second phase of the Westside Multimodal Transit Center project. Part of VIA’s SmartMove initiative, the Westside Multimodal Transit Center is included in VIA’s 2035 Comprehensive Transportation Plan. This round of the development includes a new transit plaza.
Thai-Chinese Billionaire Invests $343M in Kauai’s Princeville Resort
A portion of the Princeville Resort on Kauai’s North Shore sold for $343 million.
The Paramount Starts Pre-Leasing; Market-Rate French Quarter Apartments Announced
By Eliza Theiss, Associate Editor Yet another apartment project has been announced for New Orleans’ highly desirable historic downtown core, but unlike most French Quarter developments, this residential project will feature market-rate residences instead of luxury units, reports Canal Street Beat. The 89-unit development is helmed by French Quarter Apartments LP, an entity that consists […]
HFF Secures $71M in Financing for Block 67 Project at Burnside Bridgehead
An apartment tower development project in downtown Portland is now underway as financing is now in place for the development team consisting of Guardian Real Estate Services and Key Development Corporation. The funds totaling approximately $71.75 million were provided by financing company Holiday Fenoglio Fowler.
Investors Strike Two New Deals in Downtown Cleveland’s Hot Apartment Market
Downtown Cleveland, with its steady economic growth, low apartment vacancy and numerous retail and hotel developments, continues to prove very attractive to investors. Recently, two new companies have made their presence known in the area, in attempts to take advantage of the 95%-occupied downtown apartment market.
Douglas Development to Build 11-Story Trophy Office Building at 10th and F Streets
Douglas Development plans to start work later this year on a 94,000 square-foot landmark office property at the corner of 10th Street and F Street. Although the developer did not disclose the cost of the project, it announced that delivery is expected in the summer of 2016.
Lease Deal Paves Way for $350M USA Place Project in Tempe
In August 2013, Commercial Property Executive reported on USA Place, a $350 million mixed-use project to be developed near Arizona State University in Tempe. After more than a year of planning, the project is moving forward as the developers managed to come to an agreement with ASU for a 99-year lease for the use of 10.7 acres located on the east side of the historic Mill Avenue.
In $183M Deal, Vail Acquires Park City Ski Resort from Powdr
Ending a legal battle, Vail Resorts is buying Powdr’s top-ranked ski destination in Park City, Utah, for $182.5 million..
Woodmont Plans $80M Retail Project at Hard Rock in Catoosa
CATOOSA, OK – Just one week after the Cherokees announced a $170 million development project in Tahlequah, Cherokee Nation Businesses (CNB) has announced a partnership with Woodmont Outlets to potentially develop ‘Cherokee Outlets’, an upscale retail project at Hard Rock Hotel & Casino Tulsa.