News
Developers Plan Condo-Hotel Tower at King’s Village in Waikiki
A local development partnership between BlackSand Capital LLC, Kobayashi Group and The MacNaughton Group is planning the construction of a new mixed-use high-rise in Waikiki, on a site currently occupied by the King’s Village retail complex. Black Sand Capital purchased the property in 2012 for $41.25 million.
Stirling Continues Walgreens Developments with 14 KSF Drug Store in Metairie
Stirling Properties has announced it will be developing a new full-service Walgreens drugstore in the New Orleans suburb of Metairie, Louisiana.
New Housing Facility Breaks Ground at Cornish College of Arts Campus
Construction has begun on a new facility that will serve the Cornish College of the Arts in Seattle recently. The development team headed by Capstone Development Partners held a groundbreaking ceremony at the Residence Hall and Learning Center at 2025 Terry Avenue.
Developers Plan $130M, 28-Story Apartment Tower in University Circle
Cleveland is getting ready to say hello to a new residential tower, the first to be developed in the city in more than 40 years. The new high-rise will cost $130 million and will be located in the city’s University Circle neighborhood.
First Potomac Realty Trust Buys Iconic Art-Deco Office Building
A twelve-story office building in the heart of downtown Washington, D.C. now has a new owner. First Potomac Realty Trust bought the Tower Building from Guardian Realty Investors LLC for $58 million. The Bethesda-based real estate investment trust announced the acquisition on April 8.
Hotel Equities to Manage Wyndham Hotel on I-Drive
Hotel Equities has announced its arrangement with Wyndham Hotel Group to manage Wyndham Orlando Resort International Drive and a newly built hotel in Southwest Texas.
ULI Special Report: Smart Moves for Smart Capital
While institutional capital isn’t necessarily known for its flexibility and innovation, an environment of accelerating change in business conditions has some companies adjusting their strategies for securing high yields while minimizing risk. Mike Ratliff reports from ULI’s Spring Meeting in Vancouver.
Terwilliger Pappas Breaks Ground on $50M Buckhead Community
Terwilliger Pappas Multifamily Partners started site work on Solis Downwood, a 280-unit luxury apartment project in Atlanta’s Buckhead district.
Raleigh Offers $38M for State-Owned Dorothea Dix Property Near Downtown
City leaders have offered the state $38 million for the purchase of the 308-acre Dorothea Dix property near downtown Raleigh. The move would allow local officials to move forward with their plans of turning most of the former psychiatric hospital campus into an urban park.
Krystal Logistics Relocates, Staying Loyal to Flagler Station
Krystal Logistics has outgrown its current facility at 10301 NW 108th Avenue in Flagler Station and plans to move to a 78,000 square-foot distribution facility, up from 46,000 square feet, by the end of the year. The new lease is also part of Flagler Station, at Building 36, which has yet to be built.