News
The Howard Hughes Corporation, Kettler and Orchard Development Corporation Break Ground on $100 Million Metropolitan Downtown Columbia
Shovels broke ground on Monday, February 11, as work started on The Metropolitan Downtown Columbia, a $100 million mixed-use project in downtown Columbia’s Warfield neighborhood. Developers and county officials attended the ceremony.
Construction Underway at @1377, Hines’ First Atlanta Apartment Project
A new luxury apartment complex currently underway in Brookhaven, developed by international real estate firm Hines’s Multifamily Division, will add 215 units to the desirable neighborhood. Dubbed @1377, the multifamily community will take shape on Dresden Drive, only a short walk from some of Atlanta’s best home-grown restaurants and bars.
‘Philly Fringe’ Festival to Settle in New Home by Fall
A 10,000-square-foot red-brick structure at the corner of Race Street and North Columbus Boulevard is being transformed into the new home of Philadelphia Live Arts Festival and Philly Fringe, an annual festival that supports local, national and international artists of all disciplines and levels of achievement.
West End InterContinental Hotel Will Finally Happen
Nashville just can’t get enough of hotels it seems. After years of uncertainty an InterContinental hotel is finally coming to Music City’s West End Summit, the 900,000-square-foot office mega-development helmed by local real estate guru Alek Palmer.
Economy Watch: Foreclosures Plummet Because of California; Inventories, Jobless Claims Dip
U.S. foreclosure filings decreased by 7 percent, which is mostly attributed to a sharp drop in California notices of default in January, due to the state’s new law. Listing inventories nationwide decreased 16.5 percent year over year in January. And initial unemployment claims dropped from the previous week.
State Approves Massive Redevelopment Project Backed by “Magic” Johnson
The Michigan Land Bank Fast Track Authority voted unanimously in favor of a redevelopment plan that was proposed last year by a group of investors including basketball star Earvin “Magic” Johnson.
Multi Corporation Investing $950M in Turkish Retail Market
In preparation for the upcoming international real estate show (MIPIM), Multi Corporation has arranged a presentation including its ramped up investments in the Turkish retail market.
Marriott to Build Courtyard Hotel in Lima
Marriott International is set to expand its operations in the South American state of Peru with a brand new Courtyard by Marriott Hotel location in Lima, the country’s third largest city.
Doing Family Markets 42 Acres of Searchlight, a Small Mining Town With a Colorful Past
The number of available lots in the offering sits in the high 20s, with a series of intriguing properties set to catch the attention of both those interested and trivia enthusiasts. The town of Searchlight, home of former Senate Majority Leader and current senior Senator of Nevada Harry Reid, has had its fair share of history. Considered at one point to become the county seat of the newly formed Clark County at the turn of the 20th century, Searchlight is a little mining town built on the success of a gold vein. The 21-room El Rey Motel was formerly a brothel that constituted the main venue used by workers laboring at the Hoover Dam.
Embassy Suites Opening Marks Latest Milestone for $500M Fairbourne Station Makeover
Created and held under the wing of Hilton, the Embassy Suites brand is rapidly gaining popularity with its pre-opening recording the first “sold-out” moment during the time of the locally held Outdoor Retailers conference. The hotel’s guest amenity package features a fitness center, an indoor pool, laundry facilities accessible by all guests, 7,500 square feet of meeting space, made-to-order breakfast option and a daily event featuring snacks and drinks in the evening.