News
Illinois Medical District’s $300M Gateway Center Moves Forward
After an earlier proposal was withdrawn last year by its developer, a beefed-up 1.2 million-square-foot mixed-use project in the Illinois Medical District on Chicago’s West Side has been approved by the district’s coordinating body.
Economy Watch: Bank Failures Sluggish in ’14; Durable Goods Orders Bounce Back
Fewer banks failed in 2014 than during the recession. Durable goods orders were up 0.7 percent in June.
Luxury Apartment Community Aura at the Rim Breaks Ground in San Antonio
Northwest of San Antonio, a new luxury apartment community has broken ground. Aura at the Rim is being built by Dallas-based developer Trinsic Residential Group, LLC.
Affordable Housing Projects in Honolulu, Mililani Mauka Receive $4M in Tax Credits
The Hawaii Housing Finance and Development Corporation (HHFDC) has awarded a total of $4 million in federal and state Low-Income Housing Tax Credits for the construction of two affordable apartment complexes in Honolulu and Mililani Mauka.
Tulane Avenue Office Building Set for Apartment Conversion; Commerce Street Warehouse to Make Way for Apartments
By Eliza Theiss, Associate Editor The 10-story office building on the corner of Tulane Avenue and South Rampart Street is set to be redeveloped into apartments at a cost of $15 million. According to plans and permits filed with the city of New Orleans, the historic office building known as the California Building will be […]
German Investor Acquires The Station at Othello Park for $75M; Portland-Area Apartment Complex Trades Hands in HFF-Arranged Deal
The Pacific Northwest’s residential market continues to see a large amount of interest from inverstors in its multifamily market, as the overall real estate market continues its progression. This week, a transit-oriented community in South Seattle and a garden-style apartment complex in Clackamas near Portland traded hands in deals worth a combined $90 million.
All Pro Freight Systems Expands in Lorain County with 118,000-SF Industrial Lease
All Pro Freight Systems, Inc. is expanding its presence in Lorain County. The Avon-based transportation and logistics company has recently leased 118,000 square feet of space at the former Accutech/Cleveland Plastic Films facility, in Elyria.
TruAmerica Multifamily, Berkshire Group Pay $35M for Avenue 25 Apartments in Phoenix; Security Properties Buys Mesa M-F Asset
TruAmerica Multifamily and an affiliate of Berkshire Group, The Guardian Life Insurance Co. of America, recently announced the $35.4 million acquisition of Avenue 25 Apartments in Phoenix. The off market transaction was supported by a $24.78 million pre-stabilization debt financing provided by Capital One Commercial Bank.
Historic Tulsa Club Building Up For Sale For $1.35 Million
The fate of the historic Tulsa Club building is once again uncertain.
Metro Cincinnati’s Fourth Homewood Suites by Hilton Opens In Mason
Homewood Suites by Hilton has recently opened its newest hotel. Homewood Suites by Hilton Cincinnati Mason, OH is the fourth Homewood Suites by Hilton in the Greater Cincinnati area. It features 115 suites.