News
Emerson Opens Third Global Innovation Center in Austin
Emerson Process Management opened its third global Innovation Center – Process Systems and Solutions in Round Rock, near Austin. The other two centers are located in Marshalltown, Iowa – a unique research & development facility that develops and tests flow control applications and technologies – and in Pune, India – a center where world-class software application is developed.
Investors Add New Charlotte Apartment Projects Amid Rising Rents
Spectrum Properties is kicking off construction on its newest Charlotte project, a 177-unit luxury apartment complex in Uptown.
Inland American and Kessler Enterprises Develop $25M Charleston Luxury Boutique Hotel
Inland American Real estate Trust, Inc. in a joint venture with Kessler Enterprises has announced the development of the 50-key Grand Bohemian Hotel Charleston, the first luxury hotel to be developed in Charleston in ten years.
Four Metro Orlando Office Buildings Sold
In two major investment sales, four of metro Orlando’s office buildings changed hands recently using the brokerage services of Lincoln Property Company Southeast. The properties totaling more than 182,000 square feet sold for an aggregate of $8.7 million.
Buckhead Tower Earns LEED Gold Certification
Another Parmenter Realty Partners office building recently earned the LEED Gold Certification for Existing Buildings. The company’s array of LEED certified buildings broadened with Buckhead Tower at Lenox Square in January.
Prospective Buyer Terminates $142M Deal to Acquire City-Owned Affordable Housing
The $142 million leasehold sale of 12 city-owned affordable rental complexes located in various parts of Oahu has been canceled. According to the Honolulu Star-Advertiser, the group of investors that agreed to purchase and manage the properties in the summer of 2012 will not be able to make a $35 million payment to the city by the March 31 deadline.
Second SkyHouse Luxury Community to Break Ground in Houston
A joint venture consisting of Simpson Housing, LLLP of Denver, Atlanta-based Novare Group, Batson-Cook Development Company and Houston-based Peter W. Dienna announced plans to break ground on SkyHouse River Oaks, a 25-story, 352-home luxury apartment community in Houston’s River Oaks neighborhood.
Billingsley Co. Moves Ahead on 1,000-Acre Master-Planned Development in North Dallas
Construction is marching ahead as planned for Billingsley Company’s 1,000-acre master-planned development in North Dallas. Dubbed Cypress Waters, the property is conveniently located within five minutes of the DFW International Airport and near heavily sought-after demographic areas such as Coppel, Southlake and Irving.
Lerner Starts Vertical Construction of State-of-the-Art Office Tower in Tysons Corner
Lerner Enterprises announced last week it started construction on 1775 Tysons Boulevard, an 18-story state-of-the-art office tower in Tysons Corner. The project is expected to be completed in late 2015. It will be the fifth premier office tower within The Corporate Office Centre at Tysons II master planned development.
Tax Credit Housing Gets $14M Financing From Magna Bank and Metropolitan Bank
Magna Bank and Metropolitan Bank have engaged in $14 million of financing for the Second Phase of Crescent Bluff Apartments affordable housing project in the South Main district of Memphis, announced developer Elmington Capital Group