National
ARTIC Acquires St. Regis Bal Harbour Resort for $213M
Al Rayyan Tourism Investment Company (ARTIC) along with Starwood Hotels & Resorts Worldwide Inc. recently announced that ARTIC has purchased the St. Regis Bal Harbour Resort in Miami. The transaction was worth $213 million.
Brohn Homes Announces New Homes in Austin’s Pflugerville
Brohn Homes, a family operated and owned business with focus on custom home building, has announced the start of construction in Pflugerville’s established neighborhood The Commons at Rowe Lane. Prices start in the $220,000s.
70-Unit Affordable Housing for South Charlotte; NorthMarq Arranges Financing for Metrolina Apartments
Affordable housing could be on its way to South Charlotte, as Charlotte City Council has approved a rezoning request for a 7.23-acre site on Weddington Road, clearing the way for the Charlotte-Mecklenburg Housing Partnership (CMHP) to develop an up to 70-unit subsidized apartment complex.
Transit-Oriented Mixed-Use Project in Palo Alto Secures Financing from Canyon Realty
A transit-oriented development project is now underway after financing provider Canyon Capital Realty Advisors secured a loan on behalf of the developers. College Terrace Centre LLC is set to begin work on its project, a mixed-use development located near Stanford University and Stanford Research Park in Palo Alto. Handling development duties for the project will be developed by Redwood City-based, Twenty-One Hundred Ventures LLC.
BYTEGRID Holdings LLC Acquires 70,000 SF Data Center in Aurora
BYTEGRID Holdings LLC recently announced the acquisition of a 70,000-square-foot, Tier III data center in Aurora, Ill.
Pathfinder Partners Acquires M-U Development in Denver
San Diego-based Pathfinder Partners LLC has purchased the newly constructed King Lofts, marking the company’s 10th Colorado acquisition. Pathfinder partnered with Denver-based The Craft Companies LLC on the acquisition.
BRA Approves160-Unit Rental Building at 600 Harrison Avenue
A development proposal to build an apartment building at the corner of Harrison Avenue and Malden Street in Boston’s South End District was green lighted last week by the Boston Redevelopment Authority.
Joint Venture to Convert Vacant Baltimore Warehouse into Luxury Historic Lofts
The Raffel Building, a historic building currently sitting vacant in one of Baltimore’s most desirable neighborhoods, is on its way to becoming upscale apartments. Two local companies, Poverni Ventures LLC and Management Restoration Services LLC , have formed a joint venture to redevelop the abandoned warehouse at 111 W. Heath Street and turn it into the Heath Street Lofts.
Philadelphia Listed Among Top 10 Cities for Green Meetings
Though in recent years the meetings and events industry was badly impacted by the economic downturn, this sector is trying to regain its well-deserved place among the best performing industries in the country. To underscore these efforts, GreenBiz.com recently announced the Top Ten U.S. Cities for Green Meetings, a list developed based on industry standards for sustainable meetings and convention practices.
Non-Profit Continues Blight Fight in Brightmoor
The Detroit Blight Authority, a public-private initiative funded in 2013 and led by Bill Pulte, managing partner of private equity fund Pulte Capital Partners LLC, is moving forward with its plan to eradicate blight in Detroit.