News
Lennar, Richmond American Homes Puchase Finished Lots
Lennar Homes, a subsidiary of Miami, Fla. – based Lennar Corporation, has expanded its Tucson footprint by acquiring control of 108 finished residential lots in Block 18 at Star Valley, a master planned community off Camino Verde and Los Reales on the southwest side.
One Call Services Preserves Historical Architecture in Renovation
One of the top commercial and residential contractors in Albuquerque, One Call Service, Inc., is making a big change in the home remodeling domain by trying to change as little as possible through preservation of the original architectural details. Ranked second highest by the Better Business Bureau, the company brings 25 years of combined experience and a GB98 license.
Insight Development Opens 155-unit Mixed-Income Apartment Community in Downtown Indianapolis
by Adriana Pop, Associate Editor Insight Development Corp., the development arm of the Indianapolis Housing Agency, has announced the official opening of 16 Park Apartments, an eco-friendly residential community located in the city’s downtown area. The $34 million redevelopment project has turned the 35-year-old Caravelle Commons housing cooperative along 16th Street into 155 mixed-income residences. […]
Honey Bee USA Plans July Start for $20M Mixed-Use Harbor Project
Japan-based Honey Bee USA Inc. is about to break ground on its $20 million Waikiki Landing redevelopment project. According to the Pacific Business News, the developer will reconvert a portion of the Ala Wai Small Boat Harbor, where it plans to build two wedding chapels, restaurants, retail and office space, along with a boat repair facility and fuel dock.
Houston Takes Third Place Among Forbes’ Top Development Markets
In a recent Forbes ranking of metro areas where construction is booming, Houston landed an honorary third place, with only New York and Dallas scoring higher.
Minneapolis Officials Weigh Mortenson’s Proposal for Downtown Hampton Inn
Mortenson Construction is proposing a new 210-room Hampton Inn & Suites which could become the largest new hotel development in downtown Minneapolis since the recession.
Fort Worth’s West Seventh Urban Village Earns CLIDE Award
In a milestone for sustainability and smart growth, the City of Fort Worth and the Cultural District Alliance have received a 2013 Celebrating Leadership in Development Excellence Award for the redevelopment of West Seventh Urban Village in Fort Worth.
Ireo to Manage India’s First Ascott-Branded Serviced Residence
Ireo, India’s first and largest private equity fund dedicated to the Indian real estate market, has entered into management agreements with serviced residence provider, The Ascott Limited, for India’s first Ascott-branded serviced residence in the master-planned Ireo City complex in Gurgaon.
Tishman Speyer, China Vanke Break Ground on Luxury Condos in San Francisco
A JV between Tishman Speyer and China Vanke has begun construction on Lumina, a community of 655 luxury condominiums with retail and parking on the San Francisco waterfront.
Clarion Grabs One Oak Park, Expands Westchase Park in Houston
Clarion Partners has acquired One Oak Park, a six-story, 153,342-square-foot, Class A office building in the Westchase submarket of Houston, where it is also planning to expand the Westchase Park property it bought six months ago.