National
Procter & Gamble Selling Sycamore Building Downtown
Another high-rise building in Cincinnati’s CBD is on the market. Last week, I wrote about the Garfield Tower, an apartment building listed for sale by CBRE. Now, Procter & Gamble is selling its office property at 299 E. Sixth Street.
Los Angeles Apartment Communities Trade Hands as M West Expands Portfolio
The local multifamily market has had a good start to 2014, with a number of deals taking place since the beginning of the year. Recently, real estate investment services firm announced that it had arranged the sale of a three-multifamily property portfolio in the Santa Monica submarket of Los Angeles. Additionally, M West Holdings recently announced the acquisition of a number of residential properties, expanding its multifamily portfolio in the Los Angeles market.
LargaVista and Related Team Up to Create Mixed-Use Building in SoHo
A former BP gas station and two other derelict buildings at the corner of Houston and Lafayette streets in SoHo, Manhattan, will be replaced by 300 Lafayette, a boutique office and retail building by a joint venture between LargaVista Companies and Related Cos.
Waypoint Companies Set to Build 80-Unit Multifamily Building in Allston
The Boston Redevelopment Authority (BRA) recently approved a new residential project that will transform a 30,550-square-foot industrial site along the Massachusetts Turnpike in Boston’s Allston-Brighton neighborhood into a residential complex with retail and office space for start ups.
Arundel Village Plaza Shopping Center Sold for $6.5M
An Anne Arundel county shopping center changed hands last week. BTR Capital Group sold the Arundel Village Plaza Shopping Center to Oak Tree Management for $6.5 million. The Greysteel Company, a real estate investment services firm based in Washington D.C., served as exclusive advisor and agent.
Gerding Edlen Tapped to Develop Kamehameha Schools’ Workforce Rentals in Kakaako
Kamehameha Schools has selected Oregon-based Gerding Edlen to develop the 209-unit workforce rental project, which will be part of the company’s previously announced $300 million Keauhou Lane mixed-use residential development in Kakaako.
Balfour Beatty to Oversee Energy Center Four Construction; Luxury M-F Complex to Break Ground in Energy Corridor
Joint venture partners Trammell Crow Company and Principal Real Estate Investors have selected Balfour Beatty Construction as general contractor for Energy Center Four, a 22-story, Class AA office tower in the heart of Houston’s booming Energy Corridor.
Cheddar’s Becomes First Office Tenant at Cypress Waters
Billingsley Company announced plans to break ground on a new office building at Cypress Waters, its 1,000-acre master-planned development that straddles Dallas and Irving. The new compound will serve as Cheddar’s Casual Café corporate headquarters.
Montgomery County Council Approves Zoning for Clarksburg Premium Outlets at Cabin Branch
A large retail development in Clarksburg, Md., has taken another important step towards it becoming a reality. On Tuesday, February 4th, the Montgomery County Council voted almost unanimously to support the development of Clarksburg Premium Outlets at Cabin Branch. It will be the county’s first fashion outlet center. Eight council members were for the project, while one abstained.
Mainstreet Property Group Announces Series of New Medical Resorts in Indiana
by Adriana Pop, Associate Editor National health care developer Mainstreet Property Group has announced a significant pipeline of new medical resorts for seniors over the next three years in Indiana. Combined, these developments are expected to create 3,000 permanent jobs, 8,400 temporary jobs, and generate an economic impact to the region of about $3 billion. […]