News
HCDA Green-Lights First of Three Howard Hughes Residential Projects in Downtown Honolulu
The first of the three residential towers proposed by the Howard Hughes Corporation in Honolulu’s Kakaako neighborhood has been approved by the Hawaii Community Development Authority.
NYLO Dallas South Side Hotel Earns LEED Gold
In a milestone for sustainability and adaptive reuse, NYLO Dallas South Side has been awarded LEED Gold certification by the U.S. Green Building Council.
D.C.’s Washington Harbour Sells to South Korean Investors
D.C.’s Washington Harbour has a new owner. Principal Real Estate Investors acquired the asset for a consortium of South Korean investors advised by Simone Investment. Holliday Fenoglio Fowler represented the seller, a joint venture between Rockpoint Group and MRP Realty, and announced the closing of the sale on July 22.
Two Roaring 20s Landmarks Reinvented as Hollywood Studio, Event Space
Yes, you got that right! Hollywood! The Big Apple will soon have its first and only outdoor studio set on 36th Street between 34th and 35th Avenues in Astoria. Kaufman Astoria Studios, a historic film and media production facility that was established more than 90 years ago as Paramount’s east coast production arm, is looking to expand and bring a little bit of that Hollywood magic in this section of Queens.
JV to Build 300,000 Sq. Ft. Mixed-Use Complex in Forest Hills
Forest Hills Arborway, LLC, a joint venture between Beacon Hill-based The Brennan Group and real estate development and investment firm John M. Corcoran Company plans to create a 300,000-square-foot residential and commercial complex in Jamaica Plain’s Forest Hills area. The development team filed this week a Project Notification Form with the Boston Redevelopment Authority (BRA).
Austin’s Lotus Village for Sale Exclusively through Marcus & Millichap
A new apartment complex has been put for sale on the market as exclusive listing for Marcus & Millichap on a cash-to-existing-note basis. Lotus Village, built on 8.1 acres at 300 Fergusson Drive in north central Austin in 2012, has 222 units and is currently at 98 percent occupancy.
Special Feature: Living with Art
Earlier this year, Meta Housing Corp. introduced its third seniors housing residence with an arts orientation, this one featuring a professional theater. CEO John Huskey talks about the company’s efforts to expand its arts- and education-oriented portfolio in this article and podcast.
Live/Work Community in Studio City Secures Recapitalization Deal Worth $37 Million
One of the city’s strong points will always be linked to the film industry and that appeal is precisely what prompted Cahuenga Pass Development’s Universal Lofts project. The company recently completed a recapitalization on the project, secured by locally-based real estate investment banking firm, Dekel Capital. The company arranged for a total of $37.5 million in bridge and mezzanine debt for Cahuenga.
Apartment Projects Approved by Baltimore’s Urban Design and Architecture Review Panel
Baltimore will soon say hello to a new high-rise building. Developer David S. Brown Enterprises Ltd. of Owings Mills has plans for a 30-story mixed-use development on the eastern edge of the University of Maryland, Baltimore campus.
Nationwide Readies Fall Kickoff for 230-Acre Mixed-Use Project in Gilbert
Nationwide Realty Investors Ltd. plans to kick off construction this fall of one of the biggest mixed-use projects in the Gilbert area, a 230-acre development at Gilbert Rd. and the Loop 202 freeway.