News
Inland Snags Two Luxury Bohemian Hotels in Orlando
Inland American Lodging Group, Inc.—a wholly owned subsidiary of Inland American Real Estate Trust—recently announced purchase agreements with acclaimed hotelier and developer Richard Kessler to acquire two Orlando-area luxury hotels, and one in Savannah, Ga.
$8.35 Million Condo Project Completed in Brookline
Nauset Construction Corporation, headquartered in Needham, MA, recently completed a $8.35 million condominium project at 2-8 Olmsted Road in the Fisher Hill Neighborhood of Brookline. The announcement comes more than one year since the joint venture between Nauset (serving as the general contractor) and Boston-based developer New Atlantic Development Corporation obtained approval for construction from the Brookline Public Works Department.
NAP Breaks Ground on 276-Unit Gen Y Community in Historic Fourth Ward
October 3 marked the official groundbreaking for Atlanta’s newest luxury multifamily project—North American Properties’ $35 million BOHO development.
Kilroy Expands SoCal Portfolio With Media-Centric Office Acquisitions
Real estate investment trust Kilroy Realty Corp. has further increased its Southern Californian footprint by completing the acquisition deal for Columbia Square, a Hollywood media campus. The company is also in final stages on the acquisition of Tribeca West, an entertainment-oriented office property in West L.A.
St. John Properties Breaks Ground on New R&D/Flex Office Building in Maple Lawn
St. John Properties, Inc. started construction at the end of September on a 42,620 square foot single-story building in its Maple Lawn Corporate Center park in Maple Lawn, a 600-acre mixed-use business community located in Howard County. This is the company’s final R&D/flex office product constructed in the Maple Lawn Corporate Center.
Nationwide Insurance Opens Fortified for Safer Business Campus
Nationwide Insurance officially opened its new campus in Westover Hills, making it the first-ever FORTIFIED for Safer Business campus in the United States. The 280,000-square-foot sales and operations center was built to the Institute for Business and Home Safety’s disaster-resistance standards, meaning it is able to withstand disasters such as hurricanes, wildfires and windstorms.
Ascend Hotel Collection Continues Expansion
The Ascend Hotel Collection, the international network of historic, boutique and unique upscale hotels offering an authentic, local experience, with upscale amenities and services, continues to expand.
Noble Investment Group Buys Embassy Suites Cleveland-Beachwood
Atlanta-based Noble Investment Group, a leading private lodging and hospitality organization, has purchased the Embassy Suites Cleveland/Beachwood hotel in Beachwood. It is the investor group’s sixth acquisition this year.
Downtown Office Complex to Hit the Auction Block This Month
Two downtown Cincinnati office buildings are going on the auction block this month.
Weidner Adds Chandler Complex to Growing Arizona Portfolio
In a $27.3 million deal, an affiliate of Weidner Apartment Homes has acquired Dobson Towne Centre, a 240-unit luxury apartment property in Chandler. CBRE Group Inc. represented Weidner in the transaction, which was financed with a $20.7 million Fannie Mae loan.