News
Central New Mexico Community College Undergoes $13M-Plus Renovation
Established in 1964, Central New Mexico Community College has today more than 29,000 students enrolled. This number makes it the largest higher education institution in New Mexico. Because with great power comes great responsibility, CNM has big plans for its campus, Albuquerque Business First reports.
Rosemont Takes Denver WTC for $176M
Rosemont Realty pushes its presence in the metropolitan Denver market by 770,200 square feet with the acquisition of the Denver World Trade Center.
NCC to Build $60M Housing at the Port of Copenhagen
Leading construction and development company NCC has been named turn-key contractor for an approximately $60 million project in the Port of Copenhagen. The development is part of the new Nordhavnen city district.
Innovative Student Housing, Harrison Street Acquire Student Housing in Georgia
Innovative Student Housing and Harrison Street Real Estate Capital formed a JV to acquire College Station at Valdosta, a student housing property less than one mile from Valdosta State University in Valdosta, Ga.
Economy Watch: Unemployment, Distressed Home Sales in Cali Dip; Uptick in Bank Failures
In March, 26 states and D.C. enjoyed unemployment rate decreases. The trend in distressed California home sales has been moving in a more positive direction. And there was a rash of bank failures on Friday.
Developers, City Move Forward on $54M Spec Office High-Rise in Downtown Raleigh
Locally based developer Dominion Realty Partners has joined Charter Square, LLC and the City of Raleigh to develop a speculative office project in the heart of the city’s downtown.
Construction on the first of the two Charter Square buildings in the 400 block of Fayetteville Street is expected to begin this fall and take about a year to complete. At 215 feet, the structure will be slightly taller than the Marriott City Center Hotel across the street.
LaSalle Group to Build City’s First Memory-Care Community
The LaSalle Group, a leader of the senior industry with over ten years of experience in the field, in partnership with MedProperties Investment Partners, LP, a private equity fund with specialized investment strategy in healthcare real estate, and Frost Bank, recently announced their plan to build the firm’s first memory care community in San Antonio. Called Autumn Leaves of Stone Oak, it will be located at 20272 Stone Oak Parkway and is expected to open in spring of 2014.
Ramada Suites Hotel Completes Renovation, Rebrands as Holiday Inn Express
Laurus Corporation, a real estate investment and development company has announced completing the renovation of the 130-key Ramada Suites Hotel at New Orleans Airport, as well the rebranding of the property as a Holiday Inn Express.
Weston Offers 93,000 SF of Industrial Space for Lease in Twinsburg
The Cleveland industrial market has had a good start to 2013. This is why Weston Inc., a commercial real estate company and one of Northeast Ohio’s largest privately held industrial building owners and managers, is offering 93,000 square feet of industrial space at its new facility in Cleveland’s Southeast Submarket.
Florence’s Village at the Mall Sold to Private Investor
The Village at the Mall, a retail center in the Cincinnati/Northern Kentucky metropolitan area, was sold to a private investor this month. The terms of the deal were not disclosed.