News
JV to Invest $24M in Orlando’s Lake Eve Resort
According to an official announcement, the Arden Group, Inc. entered into a joint venture with Eightfold Real Estate Capital and Hostmark Hospitality Group to acquire the Lake Eve Resort in Orlando.
278-Unit Multifamily Development Proposed in Dorchester
Synergy Investments, a Boston development company, has filed a letter of intent with the Boston Redevelopment Authority (BRA) and is seeking approval to create a residential community on a vacant parcel located at 25 Morrissey Boulevard in Dorchester.
High-Profile Acquisitions Worth Over $400M Spice Up the Atlanta Office Market
In what seems to be a thriving week for Atlanta’s commercial real estate market, two major transactions brought new owners to both the Concourse Corporate Center—home to the “King and Queen” buildings—and Buckhead’s Prominence building. The seller of both properties is TIAA-CREF, a national financial services organization with $481 billion in combined assets under management, in partnership with Equity Office Partners.
Multifamily Portfolio in Lancaster is Acquired by MG Property Group
A Lancaster, CA multifamily portfolio was recently acquired by real estate company MG Properties Group from an unnamed seller. The San Diego-based company paid approximately 91.75 million for the four residential communities. The properties comprising the portfolio are Cordova Park, Granada Villas, Sienna Heights and Woodlands West, all of them located in the city of Lancaster.
Economy Watch Weekly: A Word This Week About Official Numbers
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Oct. 12
St. John Starts Work on 270,000 Sq. Ft. BWI Technology Park II in Anne Arundel County
St. John Properties, Inc. has started work on BWI Technology Park II, a 44-acre mixed-use business community located near BWI Airport in Anne Arundel County. This is St. John’s seventh business community developed in Anne Arundel County. The initial R&D/flex building is the company’s 100th commercial office or retail project in this jurisdiction.
Telecom’s Planned Data Center Joins Growing Local Pipeline
By Alex Girda, Associate Editor In the competition for data center development, Nevada has often come in second to Texas and other competitors. But the Silver State’s reputation as an also-ran in this field may be changing. Telecom Real Estate Services unveiled plans for the Block Data Center, a project that is set to offer […]
Lightstone Group Gets $51M Construction Loan for Upscale Multifamily Project in Queens
Manhattan-based development company The Lightstone Group, along with its branch Lightstone Value Plus Real Estate Investment Trust (LVPR), has recently closed a $51 million construction loan with the Canadian Imperial Bank of Commerce (CIBC) and plans to use the funds to create a multifamily complex in Queens Borough’s Long Island City. Work has already stated at the site with a delivery date set for April 2014.
Tezzaron Saves Austin Research Fab
Tezzaron Semiconductor Corp. has announced it will buy the wafer fabrication plant on Montopolis Drive in southeast Austin, preventing more than 100 layoffs. Continue reading →
Lights, Camera, Action: $40M Production Center Planned
By Alex Girda, Associate Editor Utah’s recently sweetened incentives for movie production are bearing fruit in the form of new development. Woodbury Corp. and Redman Movies and Stories plan to start construction early next year on a $40 million studio production in South Salt Lake. The joint venture will redevelop the 105-year-old Granite High School […]