News
DeWitt Carolinas Announces $50M Luxury Multi-Family Project in Wilmington
DeWitt Carolinas, Inc. of Raleigh has announced plans to develop a $50 million luxury apartment community along Port City Marina in downtown Wilmington. Construction is expected to begin this fall and be complete in about 16 months.
Developers Launch 71-Unit Public/Private Tax Credit Development Located in Downtown Albuquerque
About a year ago, Romero Rose in partnership with YES Housing Inc., have started constructing a three-building multifamily development at 215 Lead Ave. SW. This public/private partnership development was recently finalized and leasing is booming, already 51 percent occupied.
Value Place, Pure Strike to Develop 124-Key Hotel in San Angelo, Texas
Leading economy extended-stay hotel brand Value Place continues its rapid expansion across the U.S. with the development of a new property in Central Texas, in partnership with Pure Strike Development.
DLA Piper Leases 175 KSF of Office Space in Chicago’s West Loop
Global law firm with 4,200 lawyers DLA Piper has signed a 175,000-square-foot lease office space at River Point in Chicago’s West Loop area and will relocate its Chicago office.
E.CON Special Report: E-Commerce Users Demand BTS–With Flexibility
As the e-commerce market heats up, industrial developers are scrambling for a piece of the action. That was the word from “The End User’s Perspective” session at NAIOP’s brand-new E.CON e-commerce conference in Phoenix on Thursday.
Washington REIT Buys Army Club Building in DC for $79M
Washington Real Estate Investment Trust continues repositioning its portfolio with the acquisition of The Army Navy Club Building, a Class A office building in Washington, D.C., for $79 million.
Economy Watch: Economy Expands 2.6% in Q3; Pending Home Sales, Initial Unemployment Claims Drop
Real gross domestic product increased at an annualized rate of 2.6 percent in the fourth quarter of 2013. But the Pending Home Sales Index dropped to 93.9 from a downwardly revised 94.7 in January. Also, for the week ending March 22, initial unemployment claims were down by 10,000 from the previous week.
EAH Housing Awarded Contract to Develop New Transit-Oriented Affordable Housing Community in Emeryville
A new affordable housing project is set to near reality after the City of Emeryville announced that it had picked the company that would handle an important project for the community. According to a recently released press statement, Emeryville local authorities have selected EAH Housing, the oldest nonprofit housing management and development organization in the western US. EAH then went on to select the architecture firm that will provide the design for the project, and the developer settled on KTGY Group, Inc.
Governer Pat Quinn Praises 111 West Wacker Drive Development and Workers
As the long awaited 111 West Wacker Drive project gets closer and closer to completion, which is scheduled for this summer, Governor Pat Quinn recently saluted the developers and workers.
RingCentral Inc. Expands Denver Office
San Mateo-headquartered RingCentral Inc. recently announced that the company is expanding its Denver office. The company provides cloud business communications solutions and had opened the Denver office in 2011 to increase sales, technical and customer support personnel as the company expanded nationally.