News
Romania’s Second Largest City Welcomes First Green Luxury Residential Development
Cluj-Napoca, the second most populous city in Romania, is about to get its first green residential project: the 91-unit Riviera Luxury Residence condominium tower.
Economy Watch: Strong Jobs Numbers Broad Based; Mortgage Delinquencies Down Since Last Year
A lot of industries were hiring in June, with an increase of 288,000 workers. U.S. mortgage delinquencies in May were down by 3 percent compared to May 2013.
Vulcan, Plus Investment Target South Lake Union, Bellevue with Nearly 2,000 New Residential Units
Nearly 2,000 residential units might be added to the Puget Sound’s already well-populated development pipeline. Developers Vulcan Real Estate and Plus Investment USA have lined up large residential projects in South Lake Union and Bellevue, respectively, according to recent reports. The fast pace of job creation, a growing tech market appeal and a constant flow of new residential development projects have turned such parts of the greater Seattle area into white-hot markets.
1788 Holdings, Persimmon Capital Partners to Redefine Luxury Condo Living in D.C. with The Lauren
Another luxury condo development has broken ground in the Washington, D.C. area. Called The Lauren Residences, it will deliver 40 condominiums to downtown Bethesda in the early spring of 2016. 1788 Holdings and Persimmon Capital Partners are the project’s developers. With The Lauren, they plan to ”redefine Washington, DC’s concept of luxury condominium living.”
Gated Golf Course Community Opens in Orlando
The Reserve at Alaqua, a private golf course community in northeastern Orlando is now available to future residents. Located at 3109 Players View Circle in Longwood, within the Alaqua Country Club, the homes are close to Wekiva Preserve.
STORE Capital Acquired Advanced Control Systems Building
STORE Capital – an Institutional REIT, bought Advanced Control Systems Building a 49,436 square foot office/warehouse facility located in Norcross, enlisting the services of Stan Johnson Company. The transaction was worth $4.12 million and the property is leased back to Advanced Control Systems, Inc.
Gateway Center Doral Broke Ground
A brand new mixed use development is coming soon to Doral. DBH Properties, LTD broke ground on Gateway Center Doral in early June and the retail and high-end boutique office center will encompass 84,000-square feet in two buildings. The office component of the development totals around 43,000 square feet.
CBRE Represents Hamilton Zanze in the Sale of 600-Unit Multifamily Complex in Austin
One of Austin’s huge apartment complexes located near the Central Business District has a new owner. The Retreat at Barton Creek has been acquired by southern California-based Paydar Properties for an amount that remains undisclosed.
Presidium Group Acquires Sentinel Pointe in San Antonio, Quarters in Dallas
Presidium Group, LLC continues its series of investments in the state of Texas. Recently the company announced the acquisition of two additional residential communities in the state of Texas – Sentinel Pointe, a 91-unit apartment complex located in midtown San Antonio, and Quarters, a 208-unit property in Dallas.
Joint Venture Buys Cleveland-Area Shopping Center for $47M
A joint venture between two east coast companies has purchased the Golden Gate Shopping Center in Mayfield Heights. New York-based Hornig Capital Partners, LLC and Hutensky Capital Partners of Hartford, Connecticut, have paid $47.05 million for the premier retail plaza. Cleveland-based Forest City was the seller. The deal represents one of the largest single asset retail sales in the Cleveland market during the past two years.