News
New Senior-Living Community to be Developed in San Antonio
The Public Finance Authority has approved a $120 million bond to finance qualified costs associated with the acquisition, construction, installation, and equipping of two new senior living communities, one in Cibolo Canyon in San Antonio and the other in Chattanooga, TN. The owner is Samarian Housing and the developer is WholeLife Companies; the new properties will be built under its WholeLife Traditions concept.
Developers Break Ground on Ambitious Spring District After Six Years in the Pipeline
One of the most high-profile development projects in the Puget Sound area is definitely Wright Runstad & Company’s ambitious Spring District. The intensely scrutinized transit-oriented urban neighborhood, as it has been called by its developers, recently held a groundbreaking ceremony at the Bellevue site. Mayor Conrad Lee as well as Wright Runstad President, Greg Johnson both held speeches regarding the importance of the project for the area after which guests were invited to roll up their sleeves and contribute to the demise of the first warehouse that is set to go down and make way for the Spring District.
Clean Coal Technologies Starts Building Pilot Plant in LeFlore County
Clean Coal Technologies Inc. has recently announced that it has entered into the construction phase of its pilot plant project in LeFlore County, Oklahoma. The energy company utilizes patented technology to convert raw coal into a cleaner burning and more efficient fuel.
Gelt Buys Tempe M-F Complex for $15M; IHG Opens Holiday Inn Express in Scottsdale
In a $15 million deal, Gelt Inc., has purchased Versante Apartments, a 240-unit multi-family complex in Tempe. The Tarzana, Calif.-based company made the value-add transaction with Prudential Real Estate Investors.
Unilever Announces $108M Expansion; Olive Branch Gets 25KSF HomeGoods
The Greater Memphis Area is about to be one retail option richer, with a HomeGoods store set to open in early October in the submarket if Olive Branch.
Lower East Side Mega-Project Includes New Andy Warhol Museum
Could New York City get more pretentiously artistic than it already is? The answer is yes. There’s always room for more art in this city than anywhere else in the world.
New City Plan Will Reduce Boston Homelessness by 2016
After detailing the $16.5 billion “Housing Boston 2020” plan that calls for 30,000 new residential units completed by 2020, Mayor Thomas M. Menino announced this week another housing strategy that aims to fight homelessness in Boston.
New Mixed-Use Project Coming to Glendale, Bringing Residential Units to Growing Market
Yet another mixed-use development is popping up in the L.A. real estate market as Camden USA recently announced the groundbreaking of the Glendale Triangle project. The developer is bringing a brand new construction that will add new residential units to the Glendale submarket. According to the developers, the project will be aimed at Gen Y residents and will include a number of resident amenities to attract the young crowds to the Tri-Cities area.
Brandywine RT and DRA Advisors LLC Form Joint Venture on $330 Million Office Properties
A new joint venture appears in Austin’s commercial sector. Brandywine Realty Trust, specialized in the ownership, management and development of urban, town center and office properties, has announced the newly created entity with DRA Advisors LLC. ‘The Venture’ will acquire Brandywine’s entire office portfolio from the Southwest submarket of Austin and each will own a 50 percent interest.
Metro Crossing Luxury Apartments Open in Owings Mills
The Metro Crossing luxury apartments opened last Thursday, September 19, in the Metro Centre at Owings Mills, Baltimore County’s first transit-oriented development. Baltimore County Executive Kevin Kamenetz and other officials were present at the event.