News
Detroit Historical Museum and MOCAD Plan Exhibits Designed Evoke Detroit’s Spirit
Detroit may be facing its own financial crisis but this doesn’t mean Detroiters are giving up on their city. On the contrary, local companies and cultural institutions are asking for their help and engagement in various projects that are meant to bring back Motor City’s lost greatness.
SouthSide Works Apartments Coming as Restrictions End
In a couple of years, the SouthSide Works riverfront could welcome nearly 400 new apartments. According to the Pittsburgh Post-Gazette, three residential projects are about to break ground in this area of the city.
San Francisco Bay Area Submarkets Lead Nation in Terms of Tech Appeal, JLL Study Shows
Most of the coverage that the San Francisco Bay Area receives real estate-wise is tightly knit to the area’s office real estate market. And now, according to real estate company Jones Lang LaSalle, we have the main reason. The San Francisco Bay Area’s three markets: San Francisco, Silicon Valley and San Francisco Peninsula, in that order, have ranked first, second and third as the top three tech markets of the country as per JLL’s U.S. High-Technology Office Outlook for 2013.
Ethika Investments Allocates Capital for Laurus Corporation’s Acquisition of the Renaissance O’Hare Hotel
Ethika Investments LLC, has recently announced a capital allocation for the purchase of the Renaissance O’Hare Hotel in Chicago, Illinois, marking the sixth investment from Ethika’s Diversified Opportunity Real Estate Fund. Laurus Corporation, Ehika’s affiliate, a real estate investment and development company specializing in hotel and resorts, office buildings and mixed-use properties, recently completed the acquisition of the hotel.
Artis REIT Acquires Class A Office Building in Denver
Artis Real Estate Investment Trust has recently announced it has entered into an unconditional agreement to acquire a Class A trophy office building in Denver, Colorado. Known as 161 Inverness, the six-story office building was built in 1997 and features numerous tenant amenities, including 1,454 parking stalls for a ratio of 6 stalls per 1,000 square feet of leasable area.
Winthrop Realty Agrees to Acquire S. OK City M-F Property
Boston, Massachusetts-based Winthrop Realty Trust recently announced it has agreed to acquire, through a joint venture, Summit Pointe Apartments in Oklahoma City, Oklahoma.
Inland American Pays $103M for Student Housing Project in Tempe
One of Phoenix’s hottest property types, student housing, is on the rise thanks to constant demand and enrollment increases at Arizona universities.
Providence G, $20M Downtown Mixed-Use Project, Nears Fall Completion
The renovation of four adjoining structures along Dorrance and Weybosset streets in downtown Providence is slated to bring a mixed-use complex with 56 luxury apartments, 3 restaurants (including one on the roof), a 60-car garage and dry cleaners.
Browning Investments Obtain Preliminary Approval for $25M Mixed-Use Project Over Community Objections
A proposed $25 million residential and retail project in Broad Ripple has received its first approval from the Metropolitan Development Commission. According to the Indianapolis Business Journal, a final decision regarding the rezoning of the 2-acre property northeast of the intersection of College Avenue and the Central Canal is expected on Sept. 4.
Simon Opens Outlet Shopping Brand in Greater St. Louis
The retail real estate company, Simon Property Group, has recently announced it has brought one of the most popular brands of outlet shopping, Premium Outlets, to the Greater St. Louis area.