News
USAA Buys 916 KSF Industrial Portfolio in California’s Central Valley
USAA Real Estate Co. has acquired two Class A modern bulk warehouse distribution properties totaling 916,035 square feet in Stockton, Calif., in a bankruptcy process.
One Santa Fe, Arts District’s Crown Jewel is Nearing Completion
One of the projects that marked a new uptick in development for Los Angeles is just months away from coming to the market. The One Santa Fe mixed-use development, featuring the backing of real estate company Canyon Capital Realty Advisors, will remodel an area of downtown L.A. The project, whose initial investor was Goldman Sachs Urban Investment Group, is now three quarters of the way into construction and will add retail, housing and art space to the area located between First and Fourth Streets, along Santa Fe Avenue.
Baltimore’s 1901 South Charles Wins USGBC Wintergreen Award
Owings Mills-based Chesapeake Realty Partners has seen its efforts to create an environmentally friendly building recognized. The 1901 South Charles apartments, one of Chesapeake’s newest apartment communities, has been awarded the United States Green Building Council Maryland 2013 Wintergreen Award for Excellence in Green Building.
Faros Properties Pays $44.9M to Acquire Massive Apartment Community in Downtown Pittsburgh
Real estate investment firm Faros Properties of New York has closed on the acquisition of the approximately 800-unit Allegheny Center Apartments on the North Side of Pittsburgh, perhaps the largest residential rental complex in the city and region.
Economy Watch: Fitch Affirms Stable Outlook for U.S. Debt; Trucking Index Edges Up in February
The rating agency Fitch affirmed various kinds of U.S. public debt at a rating of AAA, with a stable outlook. The for-Hire Truck Tonnage Index increased 2.8 percent in February.
Walmart, Green Manufacturing Announced for Nashville Metro
Retail giant Walmart is set to open another store in Metro Nashville, announced the city leaders of La Vergne, where to store is set to open.
Orion Investment Affiliate Acquires Restaurant Row Mixed Use Property
The Rialto, a 105,275-square-foot retail and office center changed hands in early March. The seller, The Wilder Companies, entrusted HFF with the marketing of the property and the sales team was led by senior managing directors Brad Peterson and Coleman Benedict and analyst Whitaker Leonhardt. The transaction was worth $31.7 million, according to Orlando Business Journal.
MHA Scores $39.85M Hat Trick in Atlanta
Multi Housing Advisors has recently announced the sales of three metro Atlanta apartment communities, 734 units combined. The transactions are worth a total of $39.85 million and representing the sellers Josh Goldfarb and Tyler Averitt of MHA were the only brokers involved.
Phase III of The Preserve at Mayfield Ranch Has Started
By Anca Gagiuc, Associate Editor Only twenty minutes away from Downtown Austin, between the Round Rock Mayfield neighborhood, Cedar Park, and Georgetown, is a gated, master-planned community that features an urban lifestyle and modern home designs. The developers recently announced the launch of Phase III of the project. After a successful Phase II, which is […]
Crescent Communities HQ Goes LEED Silver ; Cassidy Turley Brokers Office Lease and M-U Sale
Crescent Communities, a diversified real estate investment, development and operating company focused on creating sustainable communities has announced the LEED Silver certification for its renovated corporate headquarters in Charlotte.