National
Lowe Enterprises Acquires Garden-Style Apartment Complex in Everett
A real estate investment management services company recently ramped up its activity in the Pacific Northwest with a multifamily acquisition, following a number of deals in the area’s commercial sector. Lowe Enterprises Investors recently announced its acquisition of a residential complex in the city of Everett, WA on behalf of an investment client. The property in question is the Covington Farms community located 25 miles away from Seattle. ARA Northwest representative Gail Neuburg handled the transaction on behalf of the seller.
Noble Investment Group Buys Four Residence Inn by Marriott Hotels in Greater Cleveland
Noble Investment Group announced last week the acquisition of four Residence Inn by Marriott hotels in the greater Cleveland metro area. The Atlanta-based company did not disclose how much it paid for the properties.
UGN to Build $50M Plant in Monroe, Create 150 Jobs
UGN Inc., a manufacturer and supplier of auto parts, has announced last week its plans to build a $50 million facility in Monroe, Ohio. Ground breaking is scheduled to start next month, depending on the final approval of state and local incentives.
$350M International Market Place Redevelopment Begins in Waikiki; Castle & Cooke, Kamehameha Schools Develop Workforce Housing in Kakaako
Michigan-based developer Taubman Centers, Inc. and its partners, CoastWood Capital Group, LLC of San Francisco and landowner Queen Emma Land Company of Honolulu, have celebrated the groundbreaking of the new International Market Place in Waikiki.
Crescent to Break Ground on New Class AA Office Building in Houston’s CBD
Fort Worth-based Crescent Real Estate Holdings LLC plans to commence development of 6 Houston Center, a Class AA 600,000-square foot office building to be located in the east side of Houston’s central business district.
Laurus Corp. Enters Minneapolis Area with Acquisition of Woodlake Centre
Laurus Corporation, a private real estate investment and development firm, recently announced the acquisition of Woodlake Centre, marking the firm’s first acquisition in the Minneapolis area.
Mill Creek, AEW JV Acquires 352-Unit Lakewood Garden Community
Mill Creek Residential and its joint venture partner AEW Capital Management, L.P. (AEW) have completed the acquisition of Lakewood on the Trail, a 352-unit garden-style community in the highly sought after Lakewood area of Dallas.
PREIT to Purchase Springfield Town Center for $465M
A large, D.C. area retail property is getting ready to welcome new owners. Pennsylvania Real Estate Investment Trust (PREIT) has announced on March 3, it has entered into an agreement with Vornado Realty Trust to buy the Springfield Town Center in Springfield, Va. The price of the transaction is huge, $465 million.
$225 Million Mixed-Use Tower to Revitalize Downtown Jamaica
Greater Jamaica Development Corp. has plans for a mixed-use tower that is expected to revitalize an underdeveloped site at 93-01 Sutphin Boulevard and the corner of Archer Avenue, near the Jamaica AirTrain Station area and across from the Long Island Rail Road station.
Boston Medical Center to Break Ground on $270 Million Redesign Project
Boston Medical Center (BMC), the largest safety-net hospital in New England, is moving forward with a multi-million-dollar plan to consolidate and renovate its two hospitals in the South End campus over the next three years.