News
Akron’s Newest Luxury Student Housing Community to Open in August
In May, 2013, the Cleveland-based NRP Group, one of the largest multifamily developers in the nation, started work on a 624-bed, four-story luxury student housing community in Akron. Called the Depot, the project is now nearing completion. It is scheduled to open for residents this August.
Greysteel Tapped to Sell Woodbridge’s Meridian Bay Apartments
The Meridian Bay Apartments, a 23-building garden-style community located in the Northern Virginia suburb of Woodbridge, is looking for new owners. Coastal Properties of Virginia, the current owner, has selected the Greysteel Company’s Mid-Atlantic multifamily investment sales team to sell the property. At the moment, no sale price was announced.
Indianapolis Announces Creation of New Cultural District
During a press conference held on April 16, the City of Indianapolis unveiled its plans of creating the Market East District, a new cultural district centered on the new developments at and around the former Market Square Arena site in the city’s downtown.
Making Inroads into Memphis, CLK Properties Buys 118-Unit Pinnacle Apartments for $3.8M
New York real estate firm CLK Properties has picked up yet another Memphis apartment, hot on the heels of its March purchase of Georgian Woods.
ULI Spring 2014: UniverCity Property Tour Slideshow
CPE had the opportunity to tour the model sustainable community UniverCity while visiting Vancouver for ULI’s 2014 Spring Meeting.
Parkway Takes Ownership of One Orlando Centre
Parkway Properties, Inc. has announced the acquisition of One Orlando Centre. The company has also simultaneously restructured the existing first mortgage loan.
Berkley Specialty Underwriting Managers Consolidates Operations at Ravinia
Berkley Specialty Underwriting Managers has recently signed a long-term office space lease in Atlanta’s Central Perimeter submarket at Two Ravinia Drive. The property is part of the 42-acre Ravinia complex which consists of three Class A towers and a 500-room Crowne Plaza Hotel.
Golden Sands Oceanfront Development Site in Miami Beach Sold
CBRE Hotels has recently announced the sale of the former Golden Sands development site.
International: Cadillac Fairview to Build Massive M-U District in Downtown Montreal
The real estate arm of Ontario Teachers’ Pension Plan Cadillac Fairview has revealed plans to develop Quad Windsor, a new residential and commercial district in downtown Montreal.
Terwilliger Pappas Breaks Ground on 184-Unit Solis Dilworth
Terwilliger Pappas Multifamily Partners has broken ground on Charlotte’s newest apartment community, the 184-unit Solis Dilworth.