News
Historic Crosley Building Could Get New Life as Apartments
Throughout it’s long history, the Crosley Building, in Cincinnati’s Camp Washington neighborhood, has seen many things. It witnessed the rise and fall of important American companies and has experienced the same rise and fall itself. But its story is not yet over. An Indianapolis-based developer plans to bring new life to the ten-story, light industrial facility and turn it into apartments.
Construction on Deylen Realty’s Second Virginia Avenue Apartment Complex About to Begin
Local developer Deylen Realty is planning to start construction on a new mixed-use multi-family complex at 501 Virginia Avenue in Indianapolis this month.
64-Unit Hedgemoor Square, 161-Unit Heritage Place Sold to Out-of-Town Investors
Hedgemoor Square Apartments, a 64-unit East Memphis multifamily asset has been purchased by an affiliate of St. Louis-based Gateway Commercial for $3.6 million
Atlantic Station Gets More EV Charging Units
Electric car driving tenants, employees and visitors of the Atlantic Station mixed-use community in Atlanta can breath a sigh of relief knowing they will never again have to leave the complex with a dying battery. According to a recent announcement, four new Level 2 electric-vehicle charging units have been put in operation in the underground parking garage on P1, near the valet station.
NorthMarq Brokers $2.7M Acquisition Financing; HFF Arranges Infill Retail Asset Sales
NorthMarq Capital’s Charlotte-based regional office vice president Kevin Jenkins has arranged the $2.17 million acquisition of Northlake Plaza, the company announced.
Le Parc at Brickell Condo Developers Close on $19M Loan
A joint venture between ALTA Developers and Strategic Properties Group broke ground just last month on Le Parc at Brickell, a 12-story, 128-unit luxury condominium going up in Miami’s upscale Brickell Financial District at 1600 SW 1st Avenue. The companies have released a publication recently, announcing the closing of a $19 million construction loan from Banco de Crédito e Inversiones Miami Branch.
Riverside Resources Started Construction on Capital Ridge Office Development
The 38 acre office/hotel campus site located at the intersection of Loop 360 and Bee Cave Road has turned into a construction site that will give Capital Ridge, a 215,000 square feet 7-story Class A office building. The developer is Riverside Resources, specialized in investment, development, and management of commercial real estate in Central Texas.
Developers Offer Limited Time Move-In Incentives for Prospective Residents at The Maximilian
The Maximilian, one of the most stylish residential developments in the western-most part of Queens is now fully built, Real Estate Weekly reported. The announcement was made by McGowan Builders Inc. who served as general contractor and construction manager for the 12-story apartment building.
USGBC Awards LEED Gold Certification to Residence Inn by Marriott Hotel in Needham
Less than one year after construction was completed at the Residence Inn by Marriott in Needham, just 17 miles from Boston, the project’s developers announced the hotel was awarded LEED Gold Certification by the U.S. Green Building Council.
West Los Angeles Office Market Catches Attention of Sunrise Real Estate Group
A West LA office building was recently acquired for a reported fee of approximately $39 million. The off-market transaction was completed by a partnership consisting of Sunrise Real Estate Group with Robhana Group and 4M Investment Group who picked up the property from seller TPMC Realty Corp. Newmark Grubb Knight Frank representative Al Barasani handled the buyer’s end of the deal, while the seller represented itself. IDB Bank provided financing for the deal. The office asset last traded hands in 2008.