News
Presidium Group Acquires Two Multifamily Communities in Austin
Austin not only won the title of the fastest growing metro area in Texas, but also is ranked as one of the fastest growing stable employment sectors in the nation, according to a Marcus and Millichap report. Investors are well aware of this fact and grow their portfolios; Presidium Group seems really focused in this regard.
Herman & Kittle Plans $28M Apartment Complex in Indianapolis; Steadfast Income REIT Acquires 222-unit Multi-Family Community in Fort Wayne
Herman & Kittle Properties Inc. is planning the construction of an apartment complex with 211 units in the Fountain Square area of downtown Indianapolis.
Crosstown to Redevelop Historic Retail Complex for $180M
It’s the time for massive redevelopment projects in Memphis it seems. Following the March announcement of the $100 million renovation of the iconic Union Planters Building, that will see the 792,000-square-foot office building turned into a hotel and upscale apartments, the Bluff City is now seeing the massive redevelopment of the Sears Crosstown move forward.
El Barrio’s Artspace PS109 will Bring Affordable Live/Work Units to Spanish Harlem
With the reconversion of the long-abandoned Public School 109 in the East Harlem section of Manhattan nearing completion, artists and low-income individuals and families looking for affordable housing have until July 14 to send their applications and become eligible for the housing lottery.
Silverstein Launches Sales Inside Tallest Downtown NY Condo Tower
Developer Silverstein Properties has launched the sales at 30 Park Place, Four Seasons Private Residences New York, Downtown, in the Tribeca part of Manhattan.
Retail Opportunity Investments Corp. Announces Purchase of Fallbrook Shopping Center for $210 Million
Retail Opportunity Investments Corp. recently made the announcement that it is set to become the new owner of a major retail center in the San Fernando Valley. The company has entered into a binding contract for the acquisition of the Fallbrook Shopping Center, for a purchase fee of $210 million in cash. The transaction will reportedly be closed by the end of this quarter.
YOTEL Plans to Open First Micro-Hotel Location in Boston
It’s been almost three years since the Menino administration began encouraging developers to create housing units as small as 375 square feet in the growing Innovation District. Following the success of micro-housing, a UK-based hospitality chain called YOTEL wants to bring a similar concept to the same area of the South Boston Waterfront.
Enterprise OpensThe Greens at English Consul Affordable Apartments For Seniors
Enterprise Homes celebrated last Tuesday, June 3, the grand opening of its latest senior community in Baltimore County. Called The Greens at English Consul, it is the first new construction in the Lansdowne/Baltimore Highlands neighborhood in almost 20 years.
RXR Secures $200M in Acquisition Financing for 787 KSF Lower Manhattan Office Building
RXR Realty has secured $200 million in acquisition financing for 61 Broadway, a 786,975-square-foot office building in downtown Manhattan.
NYU Langone Buys Leasehold Interest in Manhattan’s 333 E. 38th St. Office Building for $145M
NYU Langone Medical Center has completed the acquisition of the leasehold interest in Manhattan’s 333 E. 38th St., the 476,200-square-foot office building where it occupies more than 170,000 square feet, from SL Green.