National
Belk to Spend $12M on CoolSprings Galleria Renovation and Expansion
Charlotte-based Belk, Inc. has announced plans for a grand $12.6 million renovation and expansion project for one of its Nashville stores, which will turn the location into the brand’s flagship in the metro Nashville region.
CWD Real Estate Has Plans for New Hotel in Downtown Grand Rapids
With business going strong in the Grand Rapids area, the demand of more hotel space is growing as well. A new hotel project was announced earlier this month by CWD Real Estate Investment, the city’s largest real estate investment and property management firm.
New Owners Announce Luxury Apartments for Avenue of the Arts Building
MRP Residential, a division of MRP Realty of Washington, D.C., and Des Moines-based Principal Real Estate Investors recently acquired the full, 209,000-square-foot residential component of the Avenue of the Arts Building in Center City Philadelphia, with plans to redevelop the asset into high-end apartments.
Lincoln Property Tapped to Develop Dallas Cowboys’ World HQs
Dallas-based Lincoln Property Company has been tapped to master plan, develop and lease the new Dallas Cowboys’ World Headquarters in Frisco.
Finmarc Management Sells Library of Congress-Occupied Property
Finmarc Management, Inc. has been very busy in the Washington D.C. area this February. The Bethesda-based commercial real estate firm started the month with an over $30 million acquisition and ended it with an over $30 million sale.
New Hyatt Place Hotel Planned at Southern Village in Chapel Hill
A new five-story Hyatt Place hotel will soon rise at the Southern Village community in Chapel Hill. According to the Triangle Business Journal, Bryan Properties and its development partner, Beacon ING of Charlotte, have recently finalized a management agreement with the Hyatt Hotels Corp.
SunEdison’s Solar Plant Juices Up Davis-Monathan Air Force Base
SunEdison and MIC Solar Energy Holdings have recently completed a 16.4 megawatt photovoltaic solar power plant on Davis-Monthan Air Force Base.
Edgewood Town Council Approves Master Plan for State Trust Land
By Anca Gagiuc, Associate Editor
After countless public meetings, the Edgewood Town Council signed the Joint Planning Agreement (JPA), approving the master plan for Edgewood Commons. State Land Commissioner Ray Powell and Edgewood Mayor Brad Hill have given the start to the revision of the master plan for the state trust land, also known as Section 16.
San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market
A Chicago-based real estate company has recently made its first move in the San Mateo County office market. Heitman, a global management firm, recently completed the purchase of an office complex in Foster City, CA from partnership between Harvest Properties and Invesco Real Estate. The transaction brings further proof that the San Francisco Peninsula is generating interest in the tech market, ranking in the top three markets for tech companies in the entire U.S.
Joint Venture Between Zocalo Community Development and Principal Real Estate Completes Sale of Residential Development at Union Station
Denver’s multifamily market recently recorded an important acquisition as an institutional client of Invesco Real Estate bought a residential complex from the partnership between Zocalo Community Development and Principal Real Estate Investors. The recently-completed apartment community is located in the city’s growing neighborhood of Union Station.