News
Pittman Partners Files Plans for $90M Mixed-Use Hub in Zionsville
Pittman Partners LLC is planning a $90 million commercial and residential hub in Zionsville, the Indianapolis Business Journal reports.
Development Group Plans Major Apartment Project East of Downtown Raleigh
The Florian Companies, along with Hyde Street Holdings and Banner Apartments are planning to develop a 224-unit, four-story apartment building near Moore Square in downtown Raleigh.
According to the NewsObserver, the project will be located on a vacant 2-acre lot currently owned by Gordon Smith III. The development group intends to close on the purchase of the site by the end of the summer.
Centerline Funds $6.7M Fannie Mae Loan for Jacksonville M-F Property
The 136-unit Pinewood Pointe Apartments has recently been refinanced by a $6.75 million Fannie Mae fixed-rate, affordable loan provided by Centerline Capital Group—a subsidiary of Centerline Holding Company.
Development to Move Ahead on 5,000-Acre, Long-Stalled, Former Ranch
A 5,000-acre master-planned community planned for the southeast fringes of metro Tucson is back on track. Dubbed Rocking “K” Ranch, the property was once an active cattle ranch, and adjoins the 66,947 acre Saguaro National Park East.
Memphis to Build Green Lanes; Student Hall Silver LEED Certified
It has been a great week for Memphis green initiatives. One of the biggest news for those with environmentally friendly mindset, was Memphis Mayor AC Wharton’s announcing plans to implement a network of protected bike lanes in Memphis as part of the city’s commitment to the Green Lane Project.
Luxury Orlando Apartment Community Changes Owners, Name
Leading national apartment investment and management company Bell Partners, Inc. has recently acquired the award-winning Landmarking at Universal Apartments in Orlando, Florida for an undisclosed amount.
Colonial Properties Shifts to Multifamily, Sells Three Ravinia Office Tower for $144M
Rumors that CBRE Global Investors may have purchased the 31-story Three Ravinia Drive office tower could be confirmed, as owner Colonial Properties Trust has just announced selling the building for $144.3 million.
Los Angeles Real Estate Maintains Buzz
The total value of the transaction was $21.5 million for the once foreclosed-upon properties.
Liberty Property Trust Acquires 18 Acres of Land in Hanover, Plans Another Speculative Industrial Project
Liberty Property Trust has announced on Tuesday, May 21, the acquisition of 18 acres of land at 7149 Ridge Road in Hanover, Maryland. The company owns and manages nearly three million square feet of office and industrial space in Greater Baltimore Metropolitan area and plans to use the land for the future development of a multi-tenant industrial building.
Health Centers Industry Sees Improvement in Suburban Philadelphia
A 43-acre retirement community in Doylestown is only weeks away from embarking on an extensive $11 million renovation project, PhillyBurbs.com reports.