National
Blue Ocean Realty Buys 720-Unit Millbrook Park Apartments in Pikesville
720 apartments. 73 buildings. 40 acres of land. Put them all together and you get the Millbrook Park Apartments in Pikesville. Blue Ocean Realty, one of the largest owner-managed investment companies in the Baltimore metropolitan area, recently purchased this massive complex.
Cantex Development Partners, Southwest Engineers to Develop Las Colinas Subdivision
The full-service civil and environmental engineering consulting firm Southwest Engineers Inc. announced its partnership with real estate development firm Cantex Development LLC to contribute in the development and civil engineering services for the new Las Colinas Subdivision in Karnes County, near San Antonio.
Kingfish Picks Up 133 KSF Kenner Office Building Near $826M Airport Expansion Site
Kingfish Development II, LLC, a real estate management and development company focused on the Gulf South office market, has announced the purchase of the former Rault Office Building in Kenner, La. for an undisclosed sum.
Buffalo Lodging Associates to Manage Hilton Garden Inn Akron
The Hilton Garden Inn Akron is scheduled to open this fall. The hotel is currently under development on three acres of land, on the former Goodyear world headquarters campus, at the corner of East Market Street and Kelly Avenue. It will be the first hotel constructed in Akron since 1980 and it will be managed by Buffalo Lodging Associates, LLC.
$500M Middletown Energy Center to Be Top Gas Power Plant
The city of Middletown, in Butler County, will be home to one of the most efficient natural gas-fired power plants in the United States. St. Augustine, Fla.-based NTE Energy announced last week its plans to develop, own and operate the power plant, which is expected to provide numerous benefits to the city, county and state economies. The massive project represents an investment of over $500 million.
Embassy Suites Orlando-Lake Buena Vista Sold, Awaits Renovation
Embassy Suites Orlando-Lake Buena Vista has recently changed hands, as Embassy Suites GF Management recently announced. The company’s affiliate, ESLBV Property Owner LLC has purchased the 334-room hospitality complex.
312-unit Grove Park Apartments Sold
PointOne Holdings recently acquired the 312-unit Grove Park Apartments community located in Metro Atlanta. The transaction is worth $12.75 million and marks the company’s sixth commercial acquisition in the past 1.5 years.
Four Seasons to Brand Fort Capital’s Luxury Oceanfront Mixed-Use Project
Fort Capital, has entered an agreement with Four Seasons to brand and manage The Surf Club, a luxury mixed-use property currently under construction on 9-acres of surfside land that Fort Capital acquired in 2012. Development started on the buildings in fall 2013 with Coastal Construction serving as general contractor. The project is on schedule to be completed in early 2016.
Emerson Opens Third Global Innovation Center in Austin
Emerson Process Management opened its third global Innovation Center – Process Systems and Solutions in Round Rock, near Austin. The other two centers are located in Marshalltown, Iowa – a unique research & development facility that develops and tests flow control applications and technologies – and in Pune, India – a center where world-class software application is developed.
Investors Add New Charlotte Apartment Projects Amid Rising Rents
Spectrum Properties is kicking off construction on its newest Charlotte project, a 177-unit luxury apartment complex in Uptown.