News
$70M Luxury Development Green-Lit by City Council
Following almost a year of negotiations and hammering out of details, the New Orleans city council has given its final approval to the development of 1031 Canal St., a 240-unit luxury mixed-use project.
Summa Health System Pays $6.1M for Former Roadway Express HQ
Summa Health System, Summit County’s largest employer, recently purchased the former Roadway Express Inc. corporate headquarters building just off Route 8 in north Akron.
Developers Plan 450 Apartments in West Chester
With vacancies dropping and rents growing, apartment construction is on the rise in the Cincinnati Metro Area, and Marcus & Millichap predicts that by year-end the stock will have increased by 1.1 percent as developers finish 1,000 apartments.
Phase Two of Ward Village Shops Welcomes New Tenants
By Adriana Pop, Associate Editor The Howard Hughes Corp. announced the first tenant for Phase Two of Ward Village Shops, a 57,000-square foot, two-level retail center along Auahi Street in the heart of the Kaka’ako district in Honolulu. Pier 1 Imports will occupy 12,688 square feet at the new retail center, which is scheduled to […]
Niagara Bottling to Build 356 KSF Facility in Lakeview Business Park
Niagara Bottling will soon be headed to the Houston area, as the bottling company recently purchased a 25.7-acre site in Trammell Crow Co.’s Lakeview Business Park in Missouri City, Texas.
Behringer Harvard Invests in Luxury Multifamily Project in Allen
Behringer Harvard announced that it has invested in a 444-unit luxury community through its subsidiary Behringer Harvard Multifamily REIT I Inc. The $50 million project is being built in Allen, a suburb approximately 20 miles north of Dallas.
New NYU Academic Center Opens–in Washington, DC
By Adrian Maties, Associate Editor New York University, the world’s first Global Network University, opened a new academic facility in Washington, D.C., on Sept. 24. It will give NYU students a chance to study “abroad” (or “study away,” as the case may be) in the nation’s capital. NYU president John Sexton and board of trustees […]
Thompson Thrift to Break Ground on Fishers Marketplace Mixed-Use Redevelopment
Terre Haute-based Thompson Thrift is set to break ground on the mixed-use Fishers Marketplace redevelopment at State Road 37 and 131st Street. The first phase of the project will include a luxury apartment complex and a retail center, the Indianapolis Business Journal reports. Construction of the Addison Landing at Fishers Marketplace, a 294-unit high-end apartment complex, is scheduled to begin before the end of the year. The $25 million project will include one- to three-bedroom apartments and will be developed on 17 acres of land owned by locally based Rookwood Builders. New York-based Create Architecture Planning & Design will give the structure a distinct, upscale look, Ashlee Boyd, senior vice president at Thompson Thrift, told the newspaper. The project should be completed by the end of 2013.
MAA Acquires 323-Unit Urban Mid-Rise in Kansas City
Memphis, Tenn.-based MAA has acquired Market Station, an upscale urban mid-rise apartment community in Kansas City.
Stirling Properties Picks Up Condo Community for $23.5M
A group of investors led by Stirling Properties has purchased the Tiger Manor Condominiums apartment community for $23.5 million, or $86,715 per unit, cash.