National
Urban Future Lab Incubator Opens in Downtown Brooklyn’s Tech Triangle
The network of business incubators and accelerators is booming throughout New York City. A new facility designed to house startups and support sustainable infrastructure officially opened last week at in Downtown Brooklyn’s “Tech Triangle”.
Scannapieco Reveals Plans for $150 Million Ultra-Luxury Residential Tower in Old City
Plans for an ultra-luxury residential tower in Philadelphia’s historic Old City neighborhood were announced this week by Scannapieco Development Corporation, the developer behind the highly successful condos at 1706 Rittenhouse Square in Center City.
Developers Add More Housing Units to Growing Midtown Detroit
A Bingham Farms-based real estate management and development company will soon add twelve apartment buildings in the southwest corner of Midtown Detroit as another private developer is ready to commence renovations at the abandoned Tushiya United Hebrew School located on the 600 block of E. Kirby Street.
Viking Partners Pays $16M for Suburban Shopping Center
Cincinnati-based private equity real estate firm Viking Partners LLC has announced the acquisition of two high-potential shopping centers: Bluebonnet Parc in Baton Rouge, LA and Jackson Downs in Nashville, TN, spending $37.35 million.
Tucson Proposes to Become Home to Tesla’s 10-Million-Sq.-Ft. Lithium Battery Factory
The city of Tucson has made it public that luring electric car maker Tesla Motors’ $5 billion investment to the area among its top priorities for the couple of months. Besides accentuating Tucson’s tech presence in the Southwest, the investment would come with the benefit of creating 6,500 jobs in the area.
Del Webb Announces Its First Community in Albuquerque
Three years ago Del Webb was opening Alegria, its first active adult community in Bernalillo, adding it to its portfolio of over 50 communities spread across 20 states throughout the Southwest, coastal regions and Midwest. Now they’re planning their first community in the heart of Albuquerque.
City Committee Green Lights $81M MSA Apartment Tower Project in Indianapolis
Plans are moving forward for the $81 million, 28-story apartment high-rise Flaherty & Collins Properties intends to build on a portion of the former Market Square Arena (MSA) site in downtown Indianapolis.
Property Asset Management Affiliates Purchase Property, Files Loan in Memphis Market
Collier Village Apartments, a 100-unit Class C multifamily property in Collierville has sold for $4.4 million
New Development Breaks Ground in Historic Leon Springs
Three firms have joined forces to keep a promise to “do something special” between Leon Creek and historic Leon Springs, fronting Interstate Highway 10. San Antonio-based Embrey Partners, New York City-based Case Pomeroy Properties, and San Antonio-based Leon Creek, Ltd. have broken ground on a 15-acre, 320-unit, multi-family community as part of a larger, mixed-use development.
Starwood Announces Addition of Aloft Brand in CBD Adaptive-Reuse Project
Starwood Hotels & Resorts Worldwide, Inc. has announced it will be opening a 188-key Aloft hotel in the New Orleans Central Business District, converting a historic office building.