News
Investment Property Advisors Plans More Apartments in Downtown Indianapolis; Edward Rose Seeks Bond Financing for Major Mixed-Use Project in Carmel
Investment Property Advisors of Valparaiso is about to complete a large-scale apartment complex along the Central Canal in downtown Indianapolis and, according to the Indianapolis Business Journal, the company is seeking city approval to begin construction on the project’s second phase.
Apartment Complex Breaks Ground Next to University of Memphis; Germantown Welcomes New $4.1M Medical Office Building
California-based Rael Development Corp. recently began the construction of an $8 million apartment complex near the University of Memphis. The company hired Montgomery Martin Contractors LLC to build the four-story complex, and has recently requested a $200,000 building permit for the laying of the foundation of the property.
Sealed Air and Spectra Group Bring 1,500 Jobs to Charlotte
North Carolina Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker recently made two major announcements concerning Charlotte’s job market, which will grow by over 1,500 positions thanks to a corporate relocation and an expansion.
Taylor Morrison Announces New Phase for The Fairways at Crystal Falls Northwest of Austin
Arizona-based builder and developer Taylor Morrison announced the start of a new phase of home sites available at Leander’s Fairways at Crystal Falls. The new phase starts on July 26, offering 20 lots in an impasse area overlooking open space.
Tishman Speyer to Build 30-Story Office Tower in Buckhead, Atlanta
To take advantage of Atlanta’s tightened office market, Tishman Speyer is moving forward with construction plans for a 30-story office tower, which will complete its Three Alliance Center development in Atlanta’s Buckhead submarket.
Brighton Marine, WinnCompanies Plan to Build Affordable Housing for Veterans in Brighton
A joint venture between WinnCompanies and non-profit organization Brighton Marine Health Center is looking to redevelop part of the 8.3-acre Brighton marine Campus into a mixed-use complex that will include housing units for veterans and their families.
KB Homes Returns to Playa Vista with New Skylar and Asher Neighborhoods
KB Homes has unveiled two new communities in the Playa Vista submarket. The company, one of the largest home builders in the United States, recently presented its plans for Skylar and Asher, two communities totaling 129 new residential units that will be added to the area’s housing stock upon completion.
JLL Secures $152M in Debt for 1 MSF California Center Office Campus in East Bay Area
JLL has obtained $152 million in debt financing from Starwood Property Trust for Swift Real Estate Partners’ acquisition of the 1 million-square-foot California Center office campus in Pleasanton, Calif.
Staten Island Mall to Expand by 445,000 Sq.Ft.
It’s been almost two years since Superstorm Sandy hit New York City and all of its five boroughs are still working hard to recover after the disaster. Staten Island, the most badly damaged of them, is bustling with growth and development projects that are meant to revitalize the area and attract more residents and tourists.
AEW and Redgate to Break Ground on a 285,000 Sq. Ft. Industrial Facility in the Baltimore-Washington Corridor
A new industrial distribution facility is coming to the Baltimore-Washington Corridor. AEW Capital Management and Redgate Capital Partners, two Boston-based companies, plan to take advantage of the hot Baltimore-area industrial market and start construction on a 285,000-square-foot building in the fourth quarter of the year.