National
Luxury 274-Unit Mixed-Use Project in the Pipeline for Oro Valley
Luxury apartments and a multi-tenant retail center are coming to North Oracle Road’s southeast corner with First Avenue in Oro Valley. The mixed use project, owned by Cañada del Oro, LLC will be built on a site that has been a planned area development since more than a decade, as Oro Valley approved it in 2002.
Georgetown’s Montrose Residences More Than 50% Pre-Sold
In spite of the booming apartment construction in the Washington, D.C., metro area, the condo market is tight, with just nine-and-a-half months of new inventory available in the region, on average, according to Marcus & Millichap Real Estate Investment Services. The demand to own condos in the market is high and growing. That’s why a historic building in the heart of Washington, D.C.’s Georgetown neighborhood is already more than 50 percent pre-sold, months before the completion of its renovation.
Edward Rose Plans $80M Mixed-Use Development in Carmel
A large-scale mixed-use complex could soon rise on one of the last remaining undeveloped sites in Carmel’s Old Meridian district. According to the Indianapolis Business Journal, a plan commission committee is currently reviewing the $80 million project proposed by Edward Rose Properties Inc. Plans call for 400 apartments, a four-story parking garage, above-ground-floor retail space, 65 single-family town homes, a senior-living community (with independent living, assisted living and memory care units) and a 100-plus-room boutique hotel.
Schnuck Markets Purchases Columbia Centre Market Place from Koppeis
Shnuck Markets Inc. recently announced the purchase of Columbia Centre Market Place Inc., a Koppeis family enterprise in Columbia, Illinois.
Crescent Bluff Apartments to Add 172-Unit Second Phase
Downtown Memphis is set to see new apartment development, with Phase II of Crescent Bluff Apartments, which will add 172 new units to the existing 72 of Phase I
Grubb Properties Acquires Beckanna on Glenwood Multi-Family Community in Raleigh
An affiliate of Grubb Properties of Charlotte has recently purchased the 254-unit Beckanna on Glenwood apartment complex in Raleigh. According to the Triangle Business Journal, an affiliate of Trade Street Residential of Aventura, Fla. sold the 1960s-era property at 3939 Glenwood Avenue for $8.8 million, or $34,646 per unit.
Parkway Acquires Jacksonville’s JTB Center in Multi-Asset Deal
The Christmas season was jolly at Parkway Properties as the investment giant has managed to add several landmark properties to its Florida portfolio besides announcing to be under contract for selling assets Houston, Texas and Phoenix, Arizona.
Pinellas Park’s Judy Ann Apartments Community Sold for $1.1M
Marcus & Millichap Real Estate Investment Services’ Tampa office has recently announced the $1,100,000 sale of a 20-unit Pinellas Park community, Judy Ann Apartments.
Renovation Completed on Heart and Vascular Institute at St. Mary’s Hospital
2013 marks a great leap forward for the Carondelet Heart & Vascular Institute as a major expansion took place both on crew- and infrastructural level, including some truly streamlined innovations such as the state-of-the-art hybrid operating suite.
Community College’s Technology Center Receives LEED Gold Certification
A $4.5 million renovation exceeded the expectations of the management team; the Central New Mexico Community College Advanced Technology Center (ATC) has been awarded by the U.S. Green Building Council, Leadership in Energy and Environmental Design (LEED) Gold Certification. ATC is the third CNM building and the second renovation project to receive the Gold position.