News
School District Sells Surplus Sites; Retail Center Fetches $27M
However, two board members blocked the sale of the Mission Beach site on the ground that finding a development partner would be a better option for the district than selling the property. The board ordered district staff to find an alternative site to sell from among seven designated for disposition.
Providence’s Waldorf Capital Buys M-F Asset in Fall River
Tag Fall River Real Estate III LLC, a division of Providence-based Waldorf Capital Management LLC, has purchased a 49-unit apartment complex in Fall River, Mass. for $3.42 million, the Boston Business Journal reported. NAI Hunnema’s investment sales team represented the seller, Clearview Investments, and procured the buyer. Tag Fall River Real Estate III LLC., the affiliate that acquired the property for Waldorf Capital, bought the property at a discount of about 30 percent from the property’s most recent sale price in 2007. Located at 4000 North Main Street, Clearview Apartments is comprised of two three-level buildings containing 42 two-bedroom units and seven one-bedroom units. The apartments feature a balcony or ground-level patio overlooking the Tauton River.
Home Prices Continue 8-Month Rebound: Realtors Report
Continuing its turnaround, Las Vegas’ housing market has recorded eight consecutive months of increasing prices, a trend fueled mainly by diminishing supply and a record number of short sales, the Greater Las Vegas Association of Realtors reported..
Residents Arrive at Grandview Yard’s First M-F Complex
Residents have started moving into the Apartment at the Yard complex, the initial multi-family component of the Grandview Yard mixed-use development in Grandview Heights.
Mills Properties Plans to Build $60M Apartment Community Featuring a 30,000-Sq.-Ft. Whole Foods Grocery
Locally-based Mills Properties recently announced plans to build a new apartment community in the Central West End neighborhood of St. Louis.
Fairfield Residential Moves Forward with $29M Project in Baton Rouge
One of most major projects proposed for Baton Rouge is moving forward. Irving, Texas-based Fairfield Residential Company LLC’s $29 million student/multifamily apartment project has received approval from the city-parish Planning Commission
Times Square Prepares for New Hyatt Place; $16 Million Renovation Completed at Hilton Long Island
Developer 41st Midtown LLC has reached a management agreement with Stanford Hotels Corp., an affiliate of Chicago-based Hyatt Hotels Corporation, to build a new Hyatt Place hotel in New York’s vibrant Times Square and within walking distance of Avenue of the Americas, one of the densest office corridors in the city.
USAA Grabs 3 MSF Metro Atlanta Industrial Portfolio
USAA Real Estate has gotten its hands on a big piece of the Atlanta area’s industrial inventory–a 3 million-square-foot piece, acquired from Prologis.
International Developer Gets Approval for $412M Downtown Mixed-Use Project
Espacio USA will soon move forward with its first major US investment, as the company’s latest mixed-use project—planned for Downtown Miami’s Omni area—recently received city approval.
HID Global Picks Austin for $36M Plant
HID Global Corp. has chosen Austin for its new manufacturing and distribution facility. After months of negotiations, which began early this year, the identity security company announced the decision to build a 200,000-square-foot operations center in Northeast Austin. Continue reading →