News
Opus Development Plans New Luxury Apartments in Central Platte Valley
By Gabriel Circiog, Associate Editor
Opus Development Corporation recently unveiled plans to build a new, 10-story luxury apartment building in downtown Denver. The plans call for a 285-unit community to be developed at 1490 Delgany St. in partnership with Amstar, a […]
Panasonic Co-Develops Nation’s Largest Solar Farm in Pflugerville
By Camelia Bulea, Associate Editor
Panasonic Corp., one of the largest electronics manufacturers in the world, recently agreed to co-develop the largest solar farm in the U.S. along with RRE Austin Solar. The developer has announced a planned ground-breaking for June […]
CBL & Associates Sells Two North Carolina Retail Centers for $40M
CBL & Associates Properties Inc. has sold two grocery-anchored retail centers in metropolitan Greensboro, N.C., pocketing a total of $40.4 million on the two separate transactions. The properties, Westridge Square and Oak Hollow Square, account for an aggregate 354,000 square feet of retail space.
Demmon Partners Sells California Multi-Family Community for $48M
FPA Multifamily has picked up Meridian at Stanford Ranch, a 452-unit multi-family community in Rocklin, Calif., for $48.3 million from Demmon Partners. Institutional Property Advisors, a multi-family brokerage division of Marcus & Millichap, represented both buyer and seller.
Stonehenge Acquires Mixed-Use NYC Asset for $33.8M
Stonehenge has picked up the building at 364 W. 18th St. in Manhattan from Fortuna Realty Group for $33.8 million.
Decron Properties Spends $56M on Santa Clara Multi-Family
Decron Properties has acquired The Madison at Town Center, a Class A, 264-apartment community in Santa Clarita, Calif., for $56.5 million, continuing the firm’s recent focus on the multi-family market.
Economy Watch: Euro Zone Kicks the Greek Can Down the Road
Greece is getting a $172 billion infusion from the EU and the IMF. Residential delinquencies in the U.S. were down to 7.97 percent in January, a 0.18 percent drop from December. And the Chicago Fed said its National Activity Index showed growth in January.
Green Street Moves Forward With Ponce City Market Project
By Georgiana Mihaila, Associate Editor
The Ponce City Market project is one step closer to fruition, as developer Green Street Properties has officially announced that work will start this February on the removal of the 1960s parking deck from the site. […]
Grubb Files for Bankruptcy, Sells All Assets to BGC Partners
BGC Partners Inc., an intermediary firm to global financial markets, has just purchased “substantially all assets” of troubled commercial real estate services firm Grubb & Ellis Inc.
Campus Advantage, Pension Fund Complete $100M Student Housing JV
Student housing owner/manager Campus Advantage of Austin, Texas, has closed a $100 million joint venture with one of the nation’s largest pension funds following its recent acquisition of two properties, the company announced late last week.