News
Prometheus Gets $188M Mortgage for M-F Project in Silicon Valley
Prometheus Real Estate Group has secured a $188 million financing deal for Mansion Grove, a 1,000-unit apartment community in Santa Clara, Calif., in the heart of Silicon Valley.
Hurricane Sandy Rebuilding Task Force Releases New Strategy
One of the main messages of the 200-page report from President Obama’s Hurricane Sandy Rebuilding Task Force issued this week is that risks from extreme weather are growing more commonplace and federal, state and local governments must prepare for them by focusing on improving infrastructure, including electrical grids and telecommunications.
Economy Watch: Zillow Reports Higher Home Values; Economic Activity Still Historically Low
Zillow reported that its Home Value Index was up 6 percent year over year in July, to a value of $161,600. And economic activity is still below its historic trend, but not quite as far below in July as the month before.
Economy Watch Weekly: Homebuilders Happy; No Inflation
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Aug. 16.
USTA Unveils $550 Million Makeover of the National Tennis Center
One of the world’s most anticipated sports tournaments is right around the corner. The 2013 US Open has reached its 133rd edition and will run on outdoor hard courts from August 26 to September 9 at the USTA Billie Jean King National Tennis Center in Flushing Meadows, Queens. This year’s Grand Slam event was officially extended by one day because of the poor weather conditions which have caused delays for the past five years.
Boston University Adds 150,000 Sq. Ft. Research Facility to its 2013-2023 Master Plan
It’s another wrap up of a busy week for the Boston Redevelopment Authority! Hot on the heels of Harvard University’s proposal to expand its Allston campus, another higher education institution is asking the city to green light a new sciences and engineering building on a former parking lot along the Charles River.
Multi-Million Dollar Upgrades Planned at Two Charlotte Student Housing Communities
The Preiss Company, the fifth largest privately held student housing corporation in the US and the largest off-campus student housing provider in Charlotte, has announced it will be investing an excess of $3 million in upgrades to two of its Charlotte assets: 49 North and University Village.
New Little Tokyo Apartment Community Breaks Ground as Downtown L.A. Continues Rise
With Koreatown communities in L.A. now moving and the submarket’s multifamily sector set for continuous growth, it is time to switch the focus shift to another community’s development endeavors, namely Little Tokyo. Residentinal developer SARES-REGIS Group recently announced that it has broken ground on a new mixed-use apartment development in the historic downtown community. The rental apartment complex was designed for SRG by TCA Architects, the company responsible for the six-acre master-planned community that the development is part of.
GB Lodging, Provenance Hotels Grab 165-Room Ambassador Hotel in New Orleans
In their first transaction as partners, GB Lodging and Provenance Hotels have purchased the Ambassador Hotel in New Orleans, and together, the new owners will kick off an image-enhancing renovation of the 165-room lodging destination.
Harbor Group Sells Chicago Office Tower to Beacon for $113M
An affiliate of Harbor Group International has completed the sale, for $113 million, of 300 South Wacker Drive, a 35-story, 512,400-square-foot office building in downtown Chicago.
You must be logged in to post a comment.