News
New Condo Building in First Hill Announces Construction Start Date; Hospitality Market Continues to Raise Interest
As Seattle’s multifamily market soars with a large number of projects currently going and a backed up development pipeline for the next five years, a new project has popped up in First Hill. Developer Lowe Enterprises Investors has announced the start of construction on its Seneca St. condominium project some time during the middle of 2014.
Cleveland Named Most Affordable Housing Market in United States
Looking to buy a house in Cleveland? You’re in luck! The Northeast Ohio city is the most affordable housing market in the nation, according to an annual report by Coldwell Banker Real Estate, the oldest national real estate brand in the United States.
$13M Project to Deliver 129 Apartments to Cincinnati’s Northside in 2015
A new development will bring 129 apartments and 8,000 square feet of commercial space to Cincinnati’s historic Northside neighborhood in summer 2015. The project was announced a few months ago and now it finally has a name: the Gantry. According to Milhaus Development’s website, the Gantry is the first new construction project of its magnitude in the diverse Northside community.
Partners Purchase Leasehold Interest in Ohana Waikiki West Hotel; FBI Building Achieves LEED Gold
Boston-based Rockpoint Group, local firm BlackSand Capital and California-based management firm Evolution Hospitality have announced the leasehold purchase of the 659-room Ohana Waikiki West hotel in Honolulu.
New Class A Office Building Tops Out at BriarLake Campus
Dallas-based TIER REIT announced the topping out of Two BriarLake Plaza, a 12-story, 332,000-square-foot office tower in the heart of Houston’s Westchase District.
Riverside Plaza Earns National Trust/HUD Secretary’s Award for Excellence in Historic Preservation
The historic housing development in Minneapolis, Riverside Plaza, has earned the 2013 National Trust/HUD Secretary’s Award of Excellence in Historic Preservation.
Hanover Launches New Luxury Multifamily in Uptown
Houston-based The Hanover Company has opened a new luxury apartment complex in Uptown Dallas.
DC Metro Area Attracts Steady Pace of Office Investment Sales
In recent months, an important number of office properties changed hands in the Washington, D.C. area. There have been a lot of big transactions (Read about some of them here and here) and even some huge transactions(You can find some of them here, here, here and here), but, according to a report by Marcus&Millichap, over the past year, investors have been more interested in purchasing properties worth between $1 million and $10 million.
HFF Secures $54M Construction Loan for San Antonio’s Historic Joske’s Building
Joske’s Building at the RiverCenter Mall in San Antonio is ready for its redevelopment. Ashkenazy Acquisitions Corp., owner of the historic 500,000-square-foot property, has obtained a $54 million construction loan to finance a rebirth.
Strategic Storage Trust Acquires 9 Facilities for $64M
In separate transactions, Strategic Storage Trust acquired five self-storage properties located in the greater Dallas/Fort Worth and Midland, Texas markets and four self-storage properties located in Alabama and Tennessee, for a total of approximately $64 million.