News
Starwood Opens St. Regis Abu Dhabi, Features World’s Highest Hotel Suite
Abu Dhabi has welcomed its second St. Regis-branded hotel, courtesy of Starwood Hotels & Resorts, and the luxury hospitality project comes with a small perk–it features the world’s highest suspended hotel suite at 650 feet.
Greystar to Buy Portfolio of Student Housing Assets in UK
Greystar Real Estate Partners, in partnership with Goldman Sachs, has agreed to acquire a portfolio of U.K.-based student housing assets out of the bankruptcy administration proceedings for the Opal Property Group.
Economy Watch: Personal Income, Expenditures Up; Freddie Mac: Delinquencies Drop; Consumers More Pessimistic
U.S. personal income increased $57.2 billion, or 0.4 percent, in August compared with July. Freddie Mac reported that its single-family serious delinquency rate ticked down from 2.7 percent in July to 2.64 percent in August. And Reuters/University of Michigan reported that its final consumer sentiment index for September came in at 77.5, down from the August reading of 82.1.
Bosa Development Proceeds with Second Condo Tower at Insignia
News regarding new development projects in Seattle is extremely common these days, with the city experiencing a tech market boom and an increase in residential development that has the city sorted for the next few years. The most recent bits of news regarding the area’s condo market have revolved around Bosa Development Corp.’s Insignia project, and the project is now set to double down on its initiative, thereby completing the developer’s original plan. Another important development hotbed for the city is Pioneer Square where Stadium Place has recently lit the area up with its varied development projects. With a new mixed-use project on the pipeline for the area, it seems that the smallest of roadblocks might change the developer’s mind.
Traders Village San Antonio Announces Major Expansion
Two years after the grand opening of Traders Village San Antonio, the management announced a substantial expansion that is scheduled to be completed by spring 2014. Current vendors interested in pre-leasing can apply starting with October 1st and new vendors can do so starting October 8th.
Former Tremé School to Become $40M Live/Work Artists Community
The Andre J. Bell Junior High School campus located in the historic arts neighborhood Tremé is just one step away from being redeveloped into a live/work artist community.
Troubled Cleveland Shopping Center Going to Internet Auction
Retail Properties of America, one of the largest owners and operators of shopping centers in the United States, is trying to unload a five-story shopping center in University Heights, so it listed the property for sale on the Auction.com website.
City of Sharonville to Build Convention Center Hotel
The city of Sharonville recently announced its plans to build a hotel adjacent the newly expanded Sharonville Convention Center. The project is part of Sharonville’s revitalization plan, which also includes the expansion of the Northern Lights entertainment district and the $140 million Princeton School District complex.
LEED Silver Luxury Apartments Set to Open in Northeastern Charlotte
Charlotte is about to become one green apartment complex richer, as Fore Property Company (FORE) a full service, national real estate company, has announced the fast-approaching opening of the 176-unit Belle Haven, a LEED Silver Designed luxury apartment community in Charlotte.
Luxury Whitley Apartments for Sale with CBRE
The Class A residential high-rise located in the heart of the Austin central business district, Whitley, is now listed for sale under the representation of CBRE Texas Multi-Housing Group. The building is located at 301 Brazos and was completed in 2013.