News
Albuquerque Opens Public Comment Period for Apartment Development on Uptown Transit Site
The southeast corner of Albuquerque’s Uptown and American Parkway NE, the location of Uptown Transit Center, is this year in the attention of city officials interested in proposals from private developers for a new construction project. The desired development would be a mixed-use combining apartments, commercial space, and parking.
Gallery: MIPIM 2014
CPE associate editor Adriana Pop shares photos from MIPIM 2014. Be sure to catch up on her written coverage of the event!
CBRE to Sell Upscale Hotel in Midland Ireland
The Heritage Hotel, just an hour outside of Dublin, is being put up for sale by its current owner, and CBRE Hotels will be carrying out the transaction.
Large Office Transactions in Silicon Valley Reaffirm Market Appeal
The San Francisco Bay Area’s growing appeal is substantially improving the region’s office sector. The fact that the top three tech markets in the country are all located here, San Francisco, The Peninsula and Silicon Valley, is evocative of investor confidence, and as a result, development and asset acquisitions have ramped up during the past few years.
Baton Rouge Achieves LEED Silver with $28M The High Grove Luxury Apartments
New Orleans- and New York-headquartered The Domain Companies has announced the LEED Silver certification of The High Grove, making the 192-unit development the first luxury apartment project in Baton Rouge to achieve such a status.
Governor Quinn Announces New “Welcome Home Illinois” Home Loan Program for First-Time Buyers
Governor Pat Quinn recently announced the new Welcome Home Illinois program which aims to help Illinois’ first-time home buyers. The program provides $7,500 in down-payment assistance with an interest rate as low as 3.99 percent for a secure, 30-year fixed rate mortgage.
KTGY Group Inc. Announces Phase III of the Vallagio at Inverness
KTGY Group Inc., Architecture + Planning, recently announced that construction has started on Phase III of the Vallagio at Inverness. The transit-oriented master-planned development is located in southeast metropolitan Denver. Vallagio III, situated on the southeast corner of I-25 and Dry Creek Road, will add a total of 364 new homes to the project.
Madison International’s Fund V Closes Oversubscribed at $825M
Madison International Realty got more than it had originally anticipated for Madison International Real Estate Liquidity Fund V L.P. It closed with $825 million of equity commitments, marking a notable sum above its $750 million target.
Blackstone Acquires Nationwide Select-Service Portfolio
The Blackstone Group has acquired a 15-hotel portfolio comprising 1,856 keys located in Alabama, California, Connecticut, Florida, Pennsylvania and metropolitan Washington, D.C., from OTO Development.
Crow Holdings Capital Closes M-F Portfolio Sale
Crow Holdings Capital Partners continues making moves, this week announcing it has sold a 12-property Class A multi-family portfolio with 4,426 luxury units.