News
Alverno College Plans March Start for $30M Expansion and Renovation
Alverno College is planning a $30 million expansion and renovation of its campus at 3400 S. 43rd Street on the south side of Milwaukee. Construction on the project, which will bring the most significant enhancement in the institution’s 126-year history, is expected to begin in March.
Orlando’s Bala Sands Apartments Community Changes Hands
Cushman & Wakefield of Florida recently announced the sale of Bala Sands Apartments in Orlando, Fla.
FrontDoor Adds CopperLeaf Community in Cobb County
FrontDoor Communities further expands its presence in Georgia by building a new neighborhood in Cobb County. The new 24-unit community will be called CopperLeaf and will feature five floor plans, from 2,800 to 4,000 square feet.
South Atlanta’s first Staybridge Suites Hotel Opens
InterContinental Hotels Group announced the opening of their latest Staybridge Suites location in the Atlanta Metro Area. The company has previously launched seven Staybridge Suites hotels in the state, three of which are located in Metro Atlanta.
Development Starts on New Hyatt Place Near MIA
Construction is beginning on a new Hyatt Place property near Miami International Airport. Located at 3549 Le Jeune Road near the intersection of State Road 112, the 135-room Hyatt Place Miami Airport will be the first newly built Hyatt Place in Miami. The development is a joint venture between Mayan Properties, Concord Hospitality and Travelers Hotel Group.
MetLife Announces Stake in Joint Venture that Will Develop 42-Story Residential Tower in Rincon Hill
As the San Francisco Bay Area’s office market took off just before the end of the year, a major boost was also given to the area’s luxury residential market. MetLife, the provider of insurance, annuities and employee benefits, has announced its commitment in the development of a brand new multifamily high-rise building that would set the bar for luxury apartment units in San Francisco.
$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market
Shopping center sales, new retail developments, including a downtown option – Baton Rouge has seen them all recently.
KBS REIT III Acquires 500 West Madison and Names Transwestern Exclusive Leasing & Management Agent
Transwestern recently announced it has been named the exclusive leasing agent and property manager for Citigroup Center. Located at 500 West Madison Street in downtown Chicago, the 1.5 million-square-foot Class A mixed-use tower was purchased by KBS Real Estate Investment Trust III for around $425 million plus closing costs.
Gladstone Commercial Corporation Purchases Parkside Office Plaza; AWH Partners LLC to Acquire Eight Embassy Suites Hotels
Gladstone Commercial Corporation recently announced that it purchased Parkside Office Plaza, a 97,797-square-foot office building located in Englewood, Colorado.
Citigroup Signs $1B Lease Extension to Relocate Headquarters in Lower Manhattan
Citigroup Inc., the third-biggest bank in the U.S., and SL Green Realty Corp. recently signed a $1 billion lease agreement and renovation deal that will allow the financial giant to relocate its headquarters from the existing offices at 399 Park Avenue to a twin-building complex on Greenwich Street through December 31, 2035.