News
Cleveland Institute of Art to Start Work on Phase II of $63.5M Expansion
An eight-year expansion and renovation project in Cleveland is heading into the final stretch. Ground will be broken next month on the second phase of Cleveland Institute of Art’s $63.5 million project in University Circle.
Mercer Garage Delivers 340 Parking Spaces to Cincinnati’s OTR
A new parking facility is now open in Cincinnati’s Over-the-Rhine neighborhood. The Cincinnati Center City Development Corporation(3CDC) opened the Mercer Garage to the public on May 9. The new addition arrives just in time as hundreds of new residential units in the area are getting ready to come online.
ULI Special Report: The Money Market
Investors on two ULI capital markets panels evaluate opportunities both domestically and abroad, and track the flow of foreign capital.
Paladin Realty, Altana Partner Again on $60M M-F JV in Brazil
Institutional real estate fund manager Paladin Realty Partners continues to answer the cry for multi-family housing accommodations in Brazil, with the closing of an investment in a homebuilding partnership with Construtora Altana.
Nordic PCL to Build $500M M-U Project in Downtown Honolulu
Nordic PCL Construction Inc. has been appointed general contractor for the $500 million 690 Pohukaina mixed-use project in Honolulu, the Pacific Business News reports. Forest City Hawaii has also selected Benjamin Woo Architects LLC as part of the development team.
Dynamic Week for Houston M-F; McCann Realty Builds, HGI Sells
Two recent events stand out as further indicators of the strength of the metro Houston multifamily market; while McCann Realty broke ground on its newest community, the 323-unit Retreat at Vintage Park in the Champions submarket of Houston, Harbour Group International found a buyer for its 696-unit Fairfield Creek Apartment community.
Ryan Cos. Unveils Plans to Build $400M M-U Development Next to Planned Vikings Stadium
Twin Cities developer Ryan Cos. recently unveiled plans to build a $400 million mixed-use development adjacent to the planned new Vikings stadium in downtown Minneapolis.
$500M Mixed-Use Development Planned for Westlake
After several months of discussions and meetings with residents, the Westlake town council has approved Centurion American’s concept plan for a $500 million, mixed-use development.
Lubert-Adler Buys Huntington Point Apartments for $78M, Amasses $2B M-F Portfolio
Lubert-Adler, a real estate investment company based in Philadelphia, recently purchased the Huntington Point apartment complex in Alexandria, Virginia. With this, its latest acquisition, Lubert-Adler has amassed a multifamily portfolio valued at approximately $2 billion for its domestic institutional investors.
ULI Special Report: Micro-Size It
Can apartments be too small? Developers are testing the boundaries, experimenting with layout and design to determine just how tiny and inexpensive a space they can easily lease.