National
Morgan to Break Ground on Luxury Apartment Community
The Morgan Group, Inc., a leader in high-end multifamily development, construction, and property management, announced plans to add another amenity-rich residential complex to its Houston portfolio under the Pearl brand.
CBRE Announces Sale of Two Office Buildings at Excelsior Crossings
CBRE recently announced the sale of two office buildings located in Hopkins, Minnesota. The seller, Real Estate Capital Partners on behalf of IVG Institutional Funds GmbH, was represented by the CBRE Institutional Group in Minneapolis led by Steven Buss, Tom Holtz, Ryan Watts and Judd Welliver.
C&W Wins Leasing of Uptown Trophy Tower; SoCal Investor Grabs 622-Unit Dallas Portfolio
Miami-based Parmenter Realty Partners has selected Cushman & Wakefield of Texas, Inc. (C&W) to provide leasing services for The Tower At Cityplace, a recently acquired 1.3 million-square foot, Class A, office building located in Dallas’ Uptown.
Terreno Realty Buys Lanham, MD, Industrial Building for $5.6M
Terreno Realty Corporation has recently announced the acquisition of a new industrial property located in Prince George’s County, Maryland. The deal was closed on December 11, 2013. San Francisco-based Terreno Realty purchased the property for approximately $5.6 million. According to PropertyShark.com, the total market value of the property is $7 million.
Orlando’s Bala Sands Apartments Community Changes Hands
Cushman & Wakefield of Florida recently announced the sale of Bala Sands Apartments in Orlando, Fla.
FrontDoor Adds CopperLeaf Community in Cobb County
FrontDoor Communities further expands its presence in Georgia by building a new neighborhood in Cobb County. The new 24-unit community will be called CopperLeaf and will feature five floor plans, from 2,800 to 4,000 square feet.
South Atlanta’s first Staybridge Suites Hotel Opens
InterContinental Hotels Group announced the opening of their latest Staybridge Suites location in the Atlanta Metro Area. The company has previously launched seven Staybridge Suites hotels in the state, three of which are located in Metro Atlanta.
Development Starts on New Hyatt Place Near MIA
Construction is beginning on a new Hyatt Place property near Miami International Airport. Located at 3549 Le Jeune Road near the intersection of State Road 112, the 135-room Hyatt Place Miami Airport will be the first newly built Hyatt Place in Miami. The development is a joint venture between Mayan Properties, Concord Hospitality and Travelers Hotel Group.
MetLife Announces Stake in Joint Venture that Will Develop 42-Story Residential Tower in Rincon Hill
As the San Francisco Bay Area’s office market took off just before the end of the year, a major boost was also given to the area’s luxury residential market. MetLife, the provider of insurance, annuities and employee benefits, has announced its commitment in the development of a brand new multifamily high-rise building that would set the bar for luxury apartment units in San Francisco.
$21M Shopping Center Sale and Downtown Grocery Store Announcement Heat Up Baton Rouge Retail Market
Shopping center sales, new retail developments, including a downtown option – Baton Rouge has seen them all recently.