News
Roberts Tower to Feature 132 Upscale Apartments; St. Louis Zoning Panel Green Lights Apartment Building in Dogtown
The St. Louis Land Clearance for Redevelopment Authority has nominated STL Tower Partners as the preferred developer of the vacant Roberts Tower in downtown St. Louis.
182-Unit Multifamily Complex Planned, LSU Foundation Considers New HQ at Nicholson Gateway
Zachary, LA might see some new multifamily development in the near future, as a permit application has been filed for a 182-unit apartment complex between Barsket Road and Bur Oak Drive, on Mount Pleasant Zachary Road
Long Island City Building Gets $120M Financing; The Edge Is Top Selling Building in NYC
By Veronica Grecu, Associate Editor One of the leading commercial real estate finance companies in the U.S., Walker & Dunlop LLC of Bethesda, Md., recently announced that it provided $120 million financing for a high-rise apartment building in Long Island City, N.Y. The financing team lead by Walker & Dunlop’s Steven Heller arranged a 10-year […]
CMA Plans Spring Launch for $38M Final Phase of Renovation
The Columbus Museum of Art (CMA) is ready to start work on the last phase of its three-part Art Matters renovation and expansion project. The central Ohio museum presented plans for its new wing to the City of Columbus Downtown Commission on January 22 and expects to break ground in late Spring of this year.
High-end Bal Harbour Shops to Co-Develop Retail Component of 2.9MSF Brickell CityCentre
The 2.9 million-square-foot Brickell CityCentre has added a valuable name to its development team; Bal Harbour Shops has joined Hong Kong-based Swire Properties in co-developing the retail part of the project currently under construction in downtown Miami.
Silverstein Team Buys Beekman Tower, Plans Renovation
The Beekman Tower Hotel in Midtown Manhattan has found a new owner and will soon find a new life. Silverstein Properties and a group of partners have acquired the 174-room hotel from Lone Star and will transform it into a luxury corporate apartment destination.
Last Lots in Twin Creeks Development Sold; Builders to Break Ground on New Homes
Standard Pacific Homes and Ryland Homes have purchased the remaining 201 lots in the Twin Creeks master-planned community located in the Cedar Park area. Together the builders will develop The Reserve at Twin Creeks, the last section that remains undeveloped of the Twin Creeks subdivision, which currently counts for 800 homes.
Lynd Residential Acquires 438-Unit M-F in Houston
Lynd Residential Properties acquired the Limestone, a 21-building, 438-unit apartment complex in the Briar Forest-Ashwood submarket of Houston, with plans to upgrade the property and thus increase its value.
Brookdale Senior Living Therapy Clinics Upgraded; Historic Building Becomes Medical Office Suite
Robycross, a national retirement community and healthcare center renovation company has announced completing renovation work started in mid-2012 on eight Brookdale Senior Living communities in North Carolina.
MEPT Obtains $105M Mortgage for Chicago’s 200 W. Madison
More than a year after paying $217.5 million in cash for 200 W. Madison, a Class A office tower in Chicago’s West Loop, Multi-Employer Property Trust has taken out a $105 million mortgage on the 928,040-square-foot property.