News
Madison Marquette Grabs 202 KSF M-U Property in Seattle Suburb
Madison Marquette has teamed up with two foreign institutional investors in a JV to purchase the Bellevue Galleria, a 202,000-square-foot mixed-use project in the Seattle suburb’s downtown.
Weingarten Acquires 350 KSF Shopping Center in Austin
Weingarten Realty Investors has acquired Mueller Regional Retail Center, a 350,000-square-foot power center adjacent to I-35 in Austin.
Dune, Penzance JV Acquires 188 KSF Office Building in DC for $64M
Federal Capital Partners and Penzance have sold the office building at 1101 Connecticut Ave. NW, in Washington, D.C. to a new joint venture, well, half-new. Penzance teamed up with Dune Real Estate Partners to acquire the downtown asset for $64 million.
EXPO Real Special Report: Russia Tackling Housing Issue, Looking at Indian Project to Adopt PPPs
On the first day at EXPO Real 2013 in Munich, a panel of members from Russia’s legislative body spoke about its country’s challenges with housing issues, compliance with international law.
Hines to Develop 46-Acre Planned Community Inside Houston’s 610 Loop
Hines has acquired a 46-acre tract of land inside Houston’s 610 Loop at Interstate 10 that it will use to develop Somerset Green, a high-end planned community with detached townhome sites, water features and green spaces.
TIAA-CREF, Transwestern to Develop 600 KSF Class AA Office Tower in Houston
TIAA-CREF and Transwestern began construction this week on a 30-story Class AA office tower in Houston’s Galleria submarket that will house BHP Billiton’s growing petroleum business being fueled by its U.S. shale operation.
Economy Watch: Americans Nervous About Economy; Small Businesses More Pessimistic
Americans’ confidence in the economy has deteriorated more in the past week during the partial government shutdown than in any week since Lehman Brothers collapsed in Sept. 2008. And small-business owner optimism index dropped 0.2 points in September.
Huffines Communities Invests in Waterford at Lake Travis
Lago Vista, located northwest of Austin, offers many picturesque panoramic views of Lake Travis and the surrounding natural environment to its inhabitants and Huffines Communities knows it. For a second time, the Dallas-based real estate company stopped in the area to make investments; the first investment was the Waterford Marina, located on Lake Travis’ north shore at Mile Maker 21, an area popular for having the deepest water in the lake.
Big Red Dog Announces New Apartment Community in San Antonio
Besides the Abandoned Peanut Factory project, Big Red Dog announced the construction of their newest community in the city of San Antonio. The engineering firm is specialized in civil engineering, permitting, and land-use consulting for real estate and natural resource development has been expanding recently not only in the downtown area, but also in the suburbs. They will provide engineering and entitlements services for the Medical Center apartment project.
Multi-Housing Advisors Brokers Sale of Charlotte Apartment Communities for $24.2M
Multi Housing Advisors (MHA)has announced brokering the sale of six non-portfolio apartment communities in North Carolina totaling 1,261 units for a total of $34.4 million, of which $24.4 represented the total sale price of the Charlotte assets.