News
CWCapital Affiliates Buy 2 Foreclosed Office Buildings for $6.1M
Two buildings in Lenox Park, 3175 Lenox Park Drive and 6625 Lenox Park Drive have sold for $6.1 million following a foreclosure
Welcome Hotels Purchases Comfort Inn for $3.35M from Chapter 11 Trustee
MBA Hotel Brokers, Inc. has announced the sale of the 153-key Comfort Inn Carowinds in Fort Mill, South Carolina, in the Charlotte metro area.
Tulsa Wins State’s First Costco; Watermark Cos. Breaks Ground on M-F Complex in Glenpool
Tulsa City Mayor Dewey Bartlett and Tulsa City Councilor Phil Lakin recently announced that Costco will open a store at 103rd and Memorial in Tulsa.
Carter, Dawson Co. Launch Work on Banks Project
The Banks project includes residential, office, hotel and retail components and is Cincinnati’s largest single, mixed-use development. After many months of delay, work has finally started, on April 28th, on Phase IIA of the project.
Simon Property Group, Paragon Outlet Partners Announce Opening Date for Twin Cities Premium Outlets
Simon Property Group and Paragon Outlet Partners recently announced that the grand opening of the Twin Cities Premium Outlets will take place on August 14, 2014. The new 409,000-square-foot upscale outlet center will house over 100 outlet stores.
Heyco Energy Group Invests in Gas Converting Plant for Eagle Ford Shale Area
About an hour and a half east of San Antonio in Lavaca county on alternate U.S. Highway 77, Dallas-based Heyco Energy Group announced the development of a new plant. It will produce liquefied natural gas (LNG) which will be sold to fuel distributors, not directly to the public or LNG users.
State Agency Approves Joint Development Permit for Two Mixed-Use Residential Projects in Kakaako
Two adjacent residential and commercial projects proposed by Hawaii developer Stanford Carr and Oregon-based Gerding Edlen in Kakaako have been approved by the Hawaii Community Development Authority, the Pacific Business News reports.
New Orleans Investments Create Hundreds of New IT, Industrial Jobs
New Orleans recently saw a slew of investments worth tens of millions and several hundred new jobs for the Big Easy.
Schuster Group Sells Joseph Arnold Lofts in Belltown, While Lining Up More High-Rise Residential
A prominent Schuster Group-owned multifamily project in the Seattle neighborhood of Belltown recently traded hands. The Joseph Arnold Lofts traded hands for a fee of $68.2 million.
Developers Break Ground on $272M, 600-Room Hilton Cleveland/Downtown Convention Center Hotel
Cleveland is getting ready to say hello to a new skyscraper. On Monday, April 28, ground was broken on the new Hilton Cleveland/Downtown Convention Center Hotel, a massive structure, standing 32 stories tall. Cuyahoga County Executive Ed FitzGerald and Cleveland Mayor Frank Jackson joined Ted Ratcliff, Senior Vice President of Operations for Hilton Worldwide, for the groundbreaking ceremony.