News
Highwoods Breaks Ground on $110M Build-to-Suit Technology Hub for MetLife
MetLife has recently celebrated the groundbreaking of its new build-to-suit global technology hub in Cary.
HGI’s Recent Acquisition Includes Two Orlando Communities
Harbor Group International, LLC announced that affiliates of the company have acquired three Florida apartment communities. Two of the properties, the 272-unit West Winds and the 210-unit Verandahs at Hunt Club are located in Orlando, while the 146-unit Forestlake Apartments is in Daytona Beach, within walking distance from Daytona Beach International Airport and Bellevue Business Park.
Jonesboro’s Aslan on the River Sold For $20.2M
Hamilton Point Investments, based in Old Lyme, Conn., acquired the 324-unit apartment community in the Atlanta suburb of Jonesboro, Ga. Josh Goldfarb, co-founder and co-managing partner of Multi Housing Advisors was the only broker involved in the transaction, acting on behalf of the seller.
Parkland Senior Living Community Sold Under Pre-Recession Price
The Aston Gardens at Parkland Commons has been sold for $62.8 million. Boca Raton-based AG Parkland Senior Housing I, a branch of Kayne Anderson Real Estate Advisors bought the Class A facility from Discovery SAG Parkland Commons, affiliated with of Discovery Communities in Bonita Springs.
$60M M-F Project Green-Lighted for Raleigh’s Apartment Hungry Gen-Y
SkyHouse Raleigh, a 320-unit luxury high-rise, will soon sprout up downtown now that Novare Group, Batson-Cook Development Co. and Edison Land have issued a notice to proceed for the $60 million project.
Oracle Adds Third Office in Austin
The property at 7700 W Parmer Lane in Williamson County will accommodate Oracle’s new office. The building is currently occupied by Freescale Semiconductor Inc., who announced it would relocate its operations to South Austin by the end of 2013.
JV Breaks Ground on 331-Unit Apartment Project
1100 South Boulevard, Charlotte’s newest apartment development has broken ground, announced USAA Real Estate Co.
Oxley Buys 40-Acre M-U Site in London
Singapore-listed property developer Oxley Holdings Ltd. has acquired Royal Wharf, the largest mixed-use site in London since Battersea Power Station.
ULI Special Report: DC Falls in Investors’ Eyes
The 2014 Emerging Trends in Real Estate report contained few surprises, but traditionally durable Washington, D.C.’s drop to No. 22 in the ranking of cities with the best investment activity speaks volumes about the uncertainty the federal government has produced.
PhoenixMart Global Commerce Center Breaks Ground in Arizona
Construction has begun on PhoenixMart, a $150 million, 1.7 million-square-foot global commerce center in Casa Grande, Ariz., expected to bring more than 9,000 jobs to the region.