National
HFF Secures $105.8M in Financing for Thanksgiving Tower; US Commercial Sells Texas Properties
HFF arranged $105.8 million in acquisition financing for Thanksgiving Tower, a 1.37 million-square-foot, 50-story office building in the heart of downtown Dallas.
MetLife, Norges Bank Buy D.C. Trophy Office Building in First Major Transaction of 2014
A month after announcing the birth of their joint venture, MetLife, Inc. and Norges Bank Investment Management (NBIM), a Norwegian pension fund manager, have made public the names of their second and third investments. One of the properties is located in downtown Washington, D.C. and is one of the city’s largest office buildings.
Starwood to Open Landmark Canterbury Hotel Downtown as Le Méridien Indianapolis
Starwood Hotels & Resorts has announced that the iconic Canterbury Hotel in the heart of downtown Indianapolis will reopen under the company’s luxurious Le Meridien brand in November.
JBG, Klein Enterprises Unveil State-of-the-Art Social Security Administration Complex at 6100 Wabash Avenue
The JBG Companies and Klein Enterprises have unveiled last week 6100 Wabash Avenue, a state-of-the-art, twin-building facility for the Social Security Administration. Baltimore Mayor Stephanie Rawlings-Blake and Congressman Elijah Cummings were among the officials and community leaders present at the ribbon-cutting ceremony.
First Courtyard by Marriott Hotel Opens at Philadelphia Navy Yard
As the Navy Yard Corporate Center keeps growing and adding new businesses, the hospitality industry follows the same positive trend in this thriving business campus in South Philadelphia.
Revamped Cobo Center Shines Bright at Detroit Auto Show
With the 2014 Auto Show in full swing, Detroit’s painful financial decline that reached a climax last summer with the historic filing for bankruptcy seems like never really happened.
Developers Invest $19M in Acquisition and Renovation of Moorehead Tower in Pittsburgh
Beacon Communities Development LLC of Boston has partnered with local firm Ralph Falbo Inc. to purchase and renovate the Moorehead Tower, an iconic 141-unit affordable senior housing property in Oakland.
LaSalle Investment Management Buys West End Village for $51M
The recently-finished 244-unit West End Village, a high-density luxury apartment complex in Nashville’s West End has been sold for $51.25 million, or $210,000 per unit
School Wins Office Makeover by Goodmans Interiors Structures
The Edge School at Himmel Park has recently won Goodmans Interior Structures’ “Eye for the Good GuyS Board Governance Award.” The prize was a $20,000 office makeover that got the local nonprofit charter high school a bigger and more modern chamber to do business in. The institution now has a state of the art assembly hall with a capacity to seat 25 people, for example on the occasion of board meetings.
Signature Vacation Rentals Enters Tucson Market
Signature Vacation Rentals has expanded its operation by opening a new branch office in Tucson. Launched in 2011, the company is an affiliate of The Schwab Oranization which came to life in 2001 in Puerto Penasco Mexico and is dedicated to client services, community service and cross border business.