Features
Historic Tulsa Club Building Up For Sale For $1.35 Million
The fate of the historic Tulsa Club building is once again uncertain.
Apartment Complex Breaks Ground Next to University of Memphis; Germantown Welcomes New $4.1M Medical Office Building
California-based Rael Development Corp. recently began the construction of an $8 million apartment complex near the University of Memphis. The company hired Montgomery Martin Contractors LLC to build the four-story complex, and has recently requested a $200,000 building permit for the laying of the foundation of the property.
CNL Healthcare Buys Specialty Hospital for $76M
CNL Healthcare Properties, an Orlando-based REIT that focused on senior housing and healthcare facilities, recently announced the $76 million acquisition of the Houston Orthopedic & Spine Hospital campus (HOSH), representing the REIT’s largest single-property investment.
KPMG Centre to Gain High-Tech Transplants from San Diego
Omnitracs and ACTIVE Networks, two companies owned by Vista Equity Partners, a San Francisco-based private equity firm, recently announced their plan of relocating their HQ from San Diego to Dallas.
Construction Begins On Chicago’s New Wolf Point West Tower
Chicago officials gathered on July 18th to celebrate the start of construction on a new 48-story luxury residential tower. Developed by Hines in partnership with the Magellan Development Group, the building will be part of a larger master plan designed by Connecticut-based Pelli Clarke Pelli Architects
New Class AA Spec Building Coming To Denver’s Belleview Station
One Belleview Station, a Class AA, LEED Gold office building is coming to Denver’s downtown district. The transit-oriented, 16-story building will feature 310,000 square feet of office space and is a rare speculative development in the Denver area.
Consolidated Investment Group Buys Student Housing Property in Tempe for $38.7M
Denver-based Consolidated Investment Group (CIG) recently announced the $38.7 million acquisition and refurbishment plan of a 225-unit, 640-bedroom student housing property located near Arizona State University in Tempe. Renamed Regents on University, the property formerly known as Block 1949 will be reconditioned before the beginning of the new school year.
Carroll Organization Purchases Memphis’ Largest Multifamily Community for $46.5 Million
Atlanta-based Carroll Organization has increased its Southeastern footprint with the acquisition of an off-market, multifamily portfolio composed of Colonial Village at Inverness in Birmingham, Al; Greenbrook in Memphis, TN; and Colonial Village at Charleston Place in Charlotte, NC. The three assets, totaling at approximately 1,800 apartment units, will be rebranded as ARIUM Inverness, ARIUM Shelby Farms, respectively, ARIUM McAlpine Creek.
Woodbranch Plans New Residential High-Rise for Downtown Houston
The plethora of office projects that are either under construction or close to breaking ground in Houston has been giving incentive to real estate companies to focus on more and more residential projects. One such project is the Market Square Tower, a 40-story luxury high-rise, set to break ground in the following weeks and developed by Woodbranch Investments Corp.
Peloton Commercial Real Estate Appointed Manager of Bank of America Plaza
Metropolis Investment Holdings Inc. has recently appointed Peloton Commercial Real Estate as manager of Bank of America Plaza, one of Dallas’ most iconic skyscrapers. Encompassing over 1.8 million square feet of office and retail space, the 72-story tower substantiates not only Dallas’ tallest office building, but also the 3rd tallest building in Texas and the 22nd tallest in the United States.
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