National
BRA Approves $63 Million Dorm for Emerson College
As the Menino administration is coming to an end, the Boston Redevelopment Authority (BRA) has been busy unloading a number of development projects from its plate before Mayor-elect Marty Walsh and his staff step in on January 2.
Flatiron-Shaped Condo Tower Underway in Soho
A 16-story residential tower is underway in Manhattan’s Soho neighborhood as the city Board of Standards and Appeals unanimously recently approved the construction project proposed by Madison Equities and Property Markets Group
WholeLife Cos. Buys Land for Premier Active Adult Community in Cibolo Canyons
WholeLife Companies is one step closer to starting construction on its planned $55 million active adult living community in Cibolo Canyons. On December 17, the developer announced it completed the acquisition of a 32-acre parcel of land just across the street from the entrance to the J.W. Marriott Hill Country Resort and Spa and the two PGA Tournament Players Club golf courses. It will be the future home of The WholeLife Traditions community.
Walker & Dunlop Arranges $43.5M Financing for Esplanade at City Park
Walker & Dunlop Inc. recently announced it provided $43.5 million for Esplanade at City Park, an apartment community located in New Orleans.
Investor Duo Buys Former SuperValu Warehouse in Xenia
Developers Stuart Lichter of Industrial Real Estate Group and Chris Semarjian of Industrial Commerce Limited have teamed up to acquire, develop and manage commercial and industrial real estate throughout the United States and are well-known for their ability to purchase large scale facilities and repurpose them for new tenants. This month, the duo has acquired the former SuperValu Warehouse in Xenia.
Exxon to Expand Houston Footprint, Inking 478,000-SF Lease
Exxon Mobil Corporation inked a deal to lease approximately 478,000 square feet of office space at Hughes Landing, a 66-acre mixed-use community situated on Lake Woodlands.
Hampshire, Lipsitz Companies Sell Vacant Retail Property in Monticello
Morristown, New Jersey-based The Hampshire Companies, a privately held, fully integrated real estate firm with equity assets valued at over $2.5 billion, in a joint venture with The Lipsitz Companies, a real estate investment holding group, have recently announced the sale of an 86,479-square-foot retail building.
Wheelock Street Capital Acquires 547-Room Dallas/Addison Marriott Quorum by the Galleria
Wheelock Street Capital recently announced that an affiliate of Wheelock has acquired the Dallas/Addison Marriot Quorum by the Galleria hotel. The 547-key hotel, located in the Addison/Galleria submarket in Dallas, Texas, was acquired from affiliates of Host Hotels & Resorts, a publicly traded REIT.
Wood Partners Starts Work on $60M Apartment Project in Germantown
A new apartment community is coming to Germantown, one of the fastest-growing jurisdictions in Maryland. Wood Partners, a national real estate company, has recently broken ground on Alta Liberty Mill, a LEED-certified midrise complex located just across from the Germantown MARC commuter rail station.
Greystone Lines Up Its First Multifamily Project in Miami Market, Near Miracle Mile
A new company is set to try the water in Miami as Greystone has lined up its first multifamily project for the area’s market. The financial services and private investment group has acquired a development site in one of the most sought after areas of Miami, Miracle Mile. Greystone is part of a joint venture that also includes local company Alta Developers and Strategic Properties.