News
Presidium Group Acquires Villages of Cinnamon Creek
Dallas-based Presidium Group, LLC, announced the acquisition of the fourth residential property in the San Antonio area over the past six months. The other three apartment complexes are the 252-unit Oakwell Springs, the 81-unit Hunter’s Ridge Apartments, and the 123-unit Towne Oaks apartments.
City Breaks Ground on $9M Lafitte Greenway
The Lafitte Greenway Bicycle and Pedestrian Path, a 2.6-mile multi-use trail and linear park, has broken ground, announced the City Of New Orleans.
Radiator Building Signs First Major Tenant
One of Portland’s most ambitious office developments received a major boost with the completion of a major leasing deal being announced by the developer. Developer Kaiser Group Inc. has reportedly agreed a contract for a total of 14,000 square feet of space at one of the buildings in the One North Development with the Kartini Clinic, an entity that deals with the treatment of eating disorders in children and young adults. The new tenant will occupy the top two of the five floors of the Radiator building starting with March 2015.
American Greetings Prepares to Start Construction on New HQ, Crocker Park’s Third Phase
American Greetings Corp. has taken another important step towards moving from Brooklyn, Ohio, to Westlake’s Crocker Park. Along with Stark Enterprises and the city of Westlake, the greeting card company finalized last week the transaction to relocate its world headquarters.
TriHealth, Select Medical Plan to Open New Rehabilitation Hospital in Evanston
TriHealth, one of the largest health systems in the region, is looking to expand and open a new hospital in the Cincinnati area. Last week, TriHealth and Select Medical, one of the largest providers of acute care in the country, announced their plans to form a partnership and build and operate a new inpatient rehabilitation hospital in Evanston.
Forest City Hawaii’s Proposed West Oahu Rental Housing Project Clears Environmental Hurdle
Plans are moving forward for Forest City Hawaii’s 499-unit residential rental complex on West Oahu. According to the Pacific Business News, the Hawaii Housing Finance and Development Corp. (HHFDC) has determined that a supplemental environmental impact statement (EIS) would not be required for the proposed $140 million mixed-use apartment development known as Kapolei Lofts.
Crescent Communities Launches Phase One of Amenity-Rich Master-Planned Community
Greater Houston is home to several of the nation’s best-selling master-planned communities. Boasting a job-centric economy and growing demographics, the area is expected to experience further growth while fostering increased strength in the housing market.
Financial District Selected for IHG’s Fifth New York City Hotel Indigo
InterContinental Hotels Group (IHG) is set to expand its New York City footprint by opening a new Hotel Indigo in the Financial District, the company announced recently.
DoReMi Karaoke Studio in Allston to be Replaced by Apartments
The owners of the popular DoReMi Karaoke Studio located at 442 Cambridge Street in Allston plan to tear down the longstanding venue to make room for a small mixed-use building.
Oprah Winfrey Network Signs Lease for CIM Group-Owned Office Building at The Lot
Oprah can always make headlines by just appearing somewhere, but this time, her company, Oprah Winfrey Network is the one in the news. OWN recently completed a leasing deal for a large chunk of space in a new office facility developed by local real estate company, CIM Group.