News
Behringer Harvard Buys 240-Unit Suburban Houston M-F Property
Behringer Harvard has expanded the portfolio of Behringer Harvard Opportunity REIT II Inc. with the acquisition of Parkside Apartments in Sugar Land, Texas, approximately 20 miles outside of Houston.
First Ritz-Carlton Hotel to Open in Tel Aviv
One of the largest luxury hotel groups is set to open its first Israeli location – The Ritz-Carlton Herzliya, in an upscale residential town north of Tel Aviv.
KTR Buys 543 KSF Industrial Project in Metro Dallas
An affiliate of KTR Capital Partners has closed on the acquisition of 600 109th St. in Arlington, Texas, a three-building, 543,000-square-foot project near State Highway 360 in the Lower Great Southwest submarket of Dallas.
Economy Watch: Recession Put Squeeze on American Optimism, Birth Rate
The recession is seen as the cause for almost half of the population believing that the economy is only “fair.” And the overall trend in the number of births is down for the recession and post-recession periods, having declined steadily from the historic high of 4.3 million in 2007.
BAM Fisher is NYC’s First LEED Gold Certified Theater
The US Green Building Council (USGBC) marked another milestone last week when it awarded the LEED Gold Certification for New Construction to the newest addition of the Brooklyn Academy of Music (BAM).
Developers Seek Approval for $140 M Green Mixed-Use Complex in Roxbury
Nuestra Comunidad Development Corporation and Windale Development are looking to redevelop an 8.59-acre urban wasteland in Roxbury into an innovative mixed-use, mixed-income complex that would serve as a link between the thriving Dudley Square area and the historic Fort Hill community.
Construction Begins on Second Austin Westin Hotel
By Anca Gagiuc, Associate Editor The Westin brand is coming to downtown Austin. White Lodging Services Corp. announced the groundbreaking of a second Westin hotel in a statement to the American-Statesman. The other Westin is an eight-floor, 241-room hotel located at the Domain. The new development is a joint venture between White Lodging, the Harry […]
Carmel Executive Park Sells for $25M
Adler Kawa Real Estate Advisors (AKREA), a joint venture between Adler Group and Kawa Capital Management, has announced the acquisition of Carmel Executive Park.
K2LA Luxury Development Selects Cobalt Construction for Second and Third Buildings
One of the largest luxury multifamily projects under development in Los Angeles now is the K2LA urban development. The project’s developer, Century West Partners, has recently announced that it has selected a company to handle the second and third phases of construction at the site. Cobalt Construction Company will take over the development of the second and third buildings located at 680 Berendo and 685 New Hampshire.
Columbia’s Rivers Business Commons Sold To Fernau LeBlanc Investment Partners
Cushman & Wakefield of Maryland, Inc. has recently sold Columbia’s Rivers Business Commons on behalf of Greenfield Partners. The price of the transaction was not disclosed. Fernau LeBlanc Investment Partners, a Washington, D.C.-based real estate owner and operator, was the buyer.