News
Darling Homes Opens New Community in Southlake; Greysteel Selected to Market Multifamily Asset in Euless
Dallas homebuilder Darling Homes announced the opening of its newest community in Southlake, one of the fastest-growing suburbs of the Dallas-Fort Worth Metroplex.
Developers Break Ground on Trophy Office Building in Downtown D.C.
The JBG Companies has partnered with ICG Properties and Rittenhouse Partners to develop a new trophy property, meant to enhance Washington’s lower 16th street corridor. On April 22, representatives from the three companies were joined by city officials for the groundbreaking of 900 Sixteenth Street, a new Class A building located just two blocks from the White House.
The Army Builds Its Largest-Ever Solar Project in Southern Arizona
Development of a solar array in southeast Arizona is about to start, according to a written announcement recently released by the U. S. Army. The plant is designed to meet about 25 percent of the annual installation electricity requirement of Fort Huachuca, one of the United States Army’s busiest transient installations.
LinkedIn’s Lease at Tishman’s San Francisco Tower—Trend Among Tech Companies
Technology companies continue to power the hot office market in San Francisco, with LinkedIn announcing it is leasing the entire 26-story office building Tishman Speyer is constructing at 222 Second St.
Virgin Hotels Plans 240-Key Location on Music Row
Virgin Group’s lifestyle hotel brand Virgin Hotels has announced plans to open and operate a new hotel in Nashville, Tennessee.
Following Mission Bay Campus Success Alexandria Real Estate Acquires Prime Development Spot in SoMa
Alexandria Real Estate Equities, a company that focuses on a dominant market presence in the state-of-the-art, highly collaborative urban science and technology campus, has added yet another property to its portfolio. The company recently acquired the property at 500 Townsend Street in San Francisco for a reported fee of around $50 million. The development site is set to provide the entity with an opportunity to further expand its current assets in the South of Market area.
Amata Opens New Shared Office Center at 150 South Wacker Drive
Amata Office Centers has recently announced it is opening its sixth shared office center in Chicago featuring 16,950 square feet of space. Occupying the entire 24th floor of the building located at 150 South Wacker Drive in the West Loop neighborhood, the shared office center is scheduled to open May 1.
HFF Secures Financing for Hudson’s Bay Centre in Denver and Bella Springs in Colorado Springs
HFF recently announced that it has secured $21.5 million in financing for the Hudson’s Bay Centre. Working on behalf of the borrower, a 50/50 partnership between MDC Realty Advisors USA Inc. and Artis REIT, HFF placed the seven-year, 3.76 percent, fixed-rate loan with Principal Real Estate Investors. The loan proceed were used to acquire the Class A, 172,912-square-foot office building.
Federal Capital Partners, Roi-Tan JV Buys Historic Cigar Factory in Charleston, SC
The historic Cigar Factory building in Charleston, S.C., is destined for a major makeover now that joint venture partners Federal Capital Partners and Roi-Tan Investments have acquired the 245,000-square-foot office structure and announced plans for its $55 million transformation into a premier mixed-use office and retail property.
Cardinal, Capital Solutions Receive Financing for East Denver M-F Community
A joint venture between Cardinal Group Investments and Capital Solutions has secured a 12-year fixed-rate loan for financing for Fairways at Lowry, a 450-unit multi-housing community in the Lowry submarket of Denver.