News
Hyatt Regency Cincinnati Completes $23M Renovation; $8.4M Holiday Inn Planned by Casino
The Hyatt Regency Cincinnati announced last week the completion of renovations to its lobby and existing 486 guest rooms. At a cost of $23 million, the project also called for the addition of five new rooms, to bring the hotel’s total to 491 guest rooms.
Forest City Hawaii’s $734M Master-Planned Community Breaks Ground on Big Island
Construction on the roadways and infrastructure of a $734 million master-planned residential community in Kailua-Kona on the Big Island is under way.
Village Green Unveils New Renderings for 254-Unit Luxury Rental Community
Village Green Co. recently unveiled a new set of renderings to promote their Soo Line Building City Apartments.
Florida Investor Gets $24M Loan for Dallas Office Tower
Investor interest in the Dallas/Fort Worth Metroplex is rising as the local economy shows signs of strength. Miami, Florida-based Parmenter Realty Partners expanded its portfolio with the acquisition of 7557 Rambler Road, a 14-story, 310,771-square-foot office building in Dallas.
83 Luxury Apartments on the Market in DC’s West End
Washington, D.C.’s apartment market is adding 83 elegant and contemporary apartments. They are available for rent at The Bond, a newly renovated complex located at 1230 New Hampshire Avenue, in D.C.’s sought-after West End neighborhood.
Behringer, Wood Partners Kick Off $191M Suburban Boston M-F Project
Behringer Harvard and Wood Partners have commenced construction of 22 Water St., a luxury apartment community in Cambridge, Mass., just outside of downtown Boston.
Starwood Expands Turkish Portfolio with Addition of 2 New Properties in Bursa
Starwood Hotels & Resorts Worldwide plans to expand its presence in Turkey with the opening of two new properties: the Sheraton Bursa and the Aloft Bursa hotels.
Silverman Buys Third NJ Office, Rebrands Trio as Corporate Campus
Call it the opportunistic office park. Having just purchased the 133,000-square-foot office building at 106 Allen Road in Basking Ridge, N.J., The Silverman Group will now rebrand that building, and two adjacent ones it bought in the last few years, into The Offices at Liberty Corner, a 525,000-square-foot Class A corporate campus.
Economy Watch: Gas Prices, PPI Up; Consumers Grumpier
Gas prices have risen from $3.474 a year ago to $3.60 today for a gallon of regular gas. The official Producer Price Index for finished goods increased 0.8 percent in June. And consumer sentiment saw a downtick in mid-July.
Alliance Residential Grabs High-End Chandler M-F Asset for $37.5M
In a $37.5 million deal, Phoenix-based Alliance Residential Co. has acquired Villa Pallavicini, a 290-unit high-end rental apartment community located about two miles north of Chandler’s Price Corridor. The sales price equates to $129,310 per unit.