News
Valencia, UCF Officials Dedicate New Building at Osceola Campus
Valencia College officials, along with officials from the University of Central Florida, dedicated the newest building on Valencia’s Osceola Campus on April 11, marking the expansion of the Valencia-UCF partnership in Osceola County.
Two Historic Multifamily Properties Trade Hands as 1920s Charm Makes a Comeback
Los Angeles’ residential market saw a recent upswing in interest for smaller multifamily properties as two deals were completed for properties bearing those traits. South Park Lofts in the South Park district and Avondale Apartments in Hollywood were snapped up by investment firms M West Holdings and Avondale Hollywood LLC, respectively. However, the two properties don’t only have their reduced number of units in common. Both South Park Lofts and Avondale Apartments are historic properties.
BRA Approves $150M Housing and Retail Development in Allston
The Boston Redevelopment Authority (BRA) board voted unanimously in favor of a $150 million mixed-use project that will redevelop a 2.67-acre parcel of land owned by Harvard University at the intersection of North Harvard Street and Western Avenue in the North Allston neighborhood.
Baltimore City Officials Celebrate Approval of $1.1 Billion School Construction and Renovation Plan
Mayor Stephanie Rawlings-Blake, City Schools CEO Andrés A. Alonso, School Board Chair Neil E. Duke, Maryland Stadium Authority Executive Director Michael J. Frenz and many others gathered on Wednesday, April 10, to celebrate the approval by the Maryland General Assembly of the Baltimore City Public School Construction and Revitalization Act of 2013.
CBRE Brokers $19M Outpatient Campus Sale, 400K SF Industrial Lease
A three-building outpatient campus located in Marietta has recently traded in a $19.2 million deal brokered by CBRE’s U.S. Healthcare Capital Markets Group.
Millennium Signs 125 KSF Lease, Jumpstarting $630M Boston Project
Millennium Partners has just landed a commitment that paves the way for the commencement of the Millennium Tower/Burnham Building project, the company’s $630 million redevelopment of the former Filene’s Department Store site in downtown Boston.
Google Expands $390M Data Center in Belgium
Internet search giant Google has announced a $390 million investment in the expansion of its data center in Belgium.
UNC, Admiral Capital Acquire Atlanta M-F Project
The University of North Carolina Kenan-Flagler Business School’s Real Estate Fund II (KFBS-REFII) has co-invested, along with Admiral Capital Group and Wood Partners, in Brookhaven, a 17-story, 209-unit Class A multi-family building in Atlanta’s Buckhead area.
Economy Watch: Retail Sales Off in March; Housing Inventories Up; Consumers Grumpier Again
Consumers pulled back their spending in March. Housing inventories saw an uptick month over month. And consumer sentiment has slightly decreased in April.
HFF Secures Financing for 194-Unit Student Housing Project
Holliday Fenoglio Fowler recently announced it has arranged construction financing along with joint venture equity for the development of Metro Park East, a 194-unit student housing project at the University of Minnesota – Twin Cities in Minneapolis.