News
Metro Charlotte Sees Growth in Spec Developments
Metro Charlotte is experiencing a growing trend of speculative developments of late.
Brennan Investment Group Acquires $20M Industrial Portfolio
Chicago-based private real estate investment firm, Brennan Investment Group recently announced it has acquired a $20 million, four-property industrial portfolio
$3M Senior Center to Replace Katrina-Marred Structure
The City of New Orleans, in partnership with FEMA, has broken ground on the new Carollton Hollygrove Senior Center at 3300 Hamilton Street in the Carollton Hollygrove neighborhood, announced the New Orleans Mayor’s Office.
Sound Transit Awards Mercy Housing Northwest Contract to Build Rainier Valley Affordable Housing
Mercy Housing Northwest has been selected by the Sound Transit to develop a new affordable, transit-oriented project in Southeast Seattle. The company has been tasked with the construction of a multifamily complex near the Othello Link light rail station. Mercy received the contract for the development after a selection process handled by Sound Transit.
Local Investors Buy Historic Aurora Inn, Plan Full Renovation
A group of local investors has acquired the historic Aurora Inn this month. Led by Dan Bliss, Stephen Mansfield and Matt Lopatin, Aurora Hotel Partners, LLC plans to invest into this well-known fixture in the center of Aurora’s historic district and give it a full makeover.
JBG Breaks Ground on 31-Story Residential Tower in Rosslyn
Earlier this year, at the start of February, the JBG Companies announced it has entered into a joint venture partnership with the State Teachers Retirement System of Ohio to develop a 31-story, glass residential tower in Rosslyn, Va. On Wednesday, April 23, the Chevy Chase-based developer officially broke ground on the project.
New Affordable Housing Community by Affirmed Housing Group Holds Opening Ceremony
A brand new affordable housing complex recently held an official grand opening recently in the presence of a number of local officials and backers. The Lotus Garden Apartments is Affirmed Housing Group’s latest affordable residential complex project in the L.A. metro area. The ceremony was attended by Councilman Gilbert A. Cedillo, the President and CEO of Affirmed Housing Group, James Silverwood, as well as Rushmore Cervantes, the executive director of the HCIDLA.
SS&C Technologies Targets Mortgage REITs with New Servicing Group
SS&C Technologies Holdings has expanded its business offerings to the real estate industry with the establishment of its REIT servicing group.
Armada Hoffler To Construct a 20-Story, Mixed-Use Tower in Baltimore’s Inner Harbor
In a couple of years, Baltimore’s waterfront will be home to a new, mixed-use tower. After a two-year pre-development effort, Harbor Point developer Beatty Development Group, LLC has selected Armada Hoffler Construction Company, a division of Virginia Beach-based Armada Hoffler Properties, for the construction of the tower. The construction contract is worth $165 million.
Brookdale, HCP Create $1.2B JV on Retirement Communities
Brookdale Senior Living and HCP are building on their existing relationship by creating a $1.2 billion strategic joint venture to own and operate entry fee continuing care retirement communities starting with 14 campuses.