News
Rosemont Realty Buys 1 MSF of Office Space at Warren Place
Rosemont Realty L.L.C. has acquired two office towers in Tulsa, adding more than 1 million square feet of Class A office space to its portfolio.
Rhode Island Housing Wins 2 Awards in National Competition
Rhode Island Housing has received the National Council of State Housing Agencies’ special achievement and communications awards. NCSHA cited the state agency’s comprehensive approach to foreclosure prevention and its efforts to forge human and electronic links with more than 60 local and national lenders in its special achievement award. Housing finance agencies nationwide compete for NCSHA awards in 18 categories. In the communications category, Rhode Island Housing was recognized for its Hardest Hit Fund Rhode Island outreach efforts. Through newsletters, targeted automatic phone messages and coordination with members of the General Assembly, the agency has encouraged attendance of free informational meetings. As a result, homeowners at risk of losing their home due to a sudden financial hardship were the beneficiaries of effective federal foreclosure assistance.
Contested $17M Senior Housing Project Breaks Ground in Mesa
Mesa officials broke ground Oct. 29 on a $17 million senior living center in the city’s Downtown. Dubbed the Residences at Center Street Station, the five-story project is being developed by Mesa Housing Associates and Encore and is scheduled for completion by October 2013, the East Valley Tribune reports.
Dispute Over Harmon Tower Reaches Nevada Supreme Court
The legal battle between MGM Resorts International’s CityCenter project and the general contractor on the troubled Harmon tower has reached the Nevada Supreme Court. According to VegasINC, the representatives of the $8.5 billion development have requested that the court overturn a ruling that would delay the demolition of the $275 million, 26-story Harmon tower.
CF Industries Announces $3.8B Expansion of Industrial Facilities
Deerfield, Illinois-based CF Industries Holdings, Inc. has announced expansions worth $3.8 billion at existing plants in Donaldsonville, La. and Port Neal, Iowa.
Bluerock Sells 269-Unit Stratford Community
Bluerock Real Estate L.L.C. announced the sale of The Stratford apartments, a 269-unit multifamily community in Northwest San Antonio. The company purchased the property in December 2008, in a joint venture with The Lynd Co. Lynd Co., the 34th largest apartment manager in the United States, managed the property on behalf of the partnership.
Eastern New Orleans to Get Walmart
The New Orleans City Council has given its approval for national retail chain Walmart to build a store in eastern New Orleans
Hyland Gets Tax Breaks for Westlake Expansion; Diebold Suspends Plans for New HQ
Earlier this month, the city of Westlake’s planning commission approved Hyland Software Inc.’s plans to build an office across the street from its headquarters on Clemens Road.
$25M Project to Transform Covington City Hall into Hotel Convington
Milwaukee-based Aparium Hotel has recently formed a partnership with the Salyers Group and the city of Covington to develop and manage The Hotel Covington, a luxury boutique hotel in downtown Covington.
Developer Plans Large Mixed-Use Community in Downtown Kihei on Maui
The Krausz Cos. is planning a 320,000-square-foot sustainable, mixed-use project in the city of Kihei, one of Maui’s most populated communities. According to the Pacific Business News, the proposed Downtown Kihei project calls for a village square; more than 200,000 square feet of office, medical office, retail and restaurant space; a 44,180-square-foot movie theater; a four-story, 150-room hotel; and more than 1,000 parking stalls. The new development will be built between the Piilani Village Shopping Center and the Longs and Azeka’s centers, on four parcels of land totaling 27 acres.