News
$243M Financing Package Arranged for Trophy Office Building in DC
Republic Properties refinanced Portals III, a premier office tower in Washington D.C., for $243 million.
Transwestern Kicks Off 600 KSF Houston Office Project
Transwestern is developing a premier 660,000-square-foot office project in a joint venture with Miller Global.
Four Seasons to Open Flagship Hotel in Toronto
Four Seasons is opening a two-tower hotel in the heart of Toronto’s most fashionable neighborhood.
KKR, Beecken Petty O’Keefe, Coastwood Senior Housing to Invest $130M in Sunrise Senior Living
KKR and two other companies in a JV will invest $130 million in Sunrise Senior Living. The transaction is expected to close in the first half of 2013.
Economy Watch: Consumer Sentiment Up Unexpectedly
Consumer spending increased in the month of August; credit for spending is given to most of the prices not going up too high.
UT, Vanguard to Develop $350M Children’s Hospital
By Camelia Bulea, Associate Editor The University of Texas Health Science Center at San Antonio was authorized to execute an agreement with Vanguard Health Systems, according to which the two parties will co-develop a state-of-the-art children’s hospital in the Alamo City. The proposed $350 million, 250-bed facility, funded by Vanguard, will be designed and built […]
Stirling Properties Takes Over Summit Freamux
The long-delayed Summit Freamaux retail project in Slidell might finally be moving toward actual development
Woodinville Apartment Complex Latest Addition to Grosvenor’s Value-Add Portfolio
By Alex Girda, Associate Editor Grosvenor Americas recently announced the acquisition of the Waterford Place Apartments in Seattle’s Woodinville suburb for $58.4 million. The property group will now pursue a substantial property renovation to add value to the newest member of its portfolio. Upgrades are deemed necessary for most of the community’s amenities, such as […]
New KSU Hotel & Conference Center Project to Create Jobs, Economic Growth
By Adrian Maties, Associate Editor A new, $15.6 million Kent State University project will bring a hotel and conference center to downtown Kent and create hundreds of jobs, and spur regional tourism growth and economic development. The Kent State University Foundation, The Pizzuti Cos. of Columbus, the city of Kent, the Development Fund of the […]
Connor Group Breaks Ground on Award-Winning HQ
By Adrian Maties, Associate Editor The Connor Group, a real estate investment firm that deals exclusively in luxury apartments, has started work on its new state-of-the-art headquarters at Dayton-Wright Brothers Airport in Miami Township. Public and company officials attended the groundbreaking ceremony, held on Sept. 13. The new headquarters will have a 39,000-square-foot office building […]