National
Othello Partners Awaits Design Review on New Rainier Valley Residential Project
Local developer Othello Partners is once again looking to develop a residential complex, in the vicinity of another high-profile project that the company debuted two years ago. Station at Othello Park was in itself an ambitious project, announced and developed in a time of uncertainty for the national residential market. Now the company will follow the Station with its new, Othello Station North.
Nonprofit FHI 360 Opens New HQ at American Tobacco in Durham
International nonprofit organization FHI 360 has opened its new headquarters at the recently completed LEED-certified Diamond View III building within the American Tobacco Campus in downtown Durham.
URS Enters Florida Market with Acquisition of 108-Unit Complex
South Point Place Apartments has recently changed hands as URS Capital Partners acquired the 108-unit Jacksonville apartment complex. Officials stated that the company intends to update and rebrand the property.
Downtown Condos Expected to Sell Out Fast
Downtown Tucson Partnership has high expectations of the Flats at Julian Drew Block Condominiums community as all 53 units at 128 S 5th Avenue of are now listed for individual sale and the partnership anticipates great interest from buyers.
NextCare Opened its Second Clinic in Albuquerque
A new urgent care clinic opened in Albuquerque as result of a partnership between Phoenix-based NextCare Holdings Inc. and Lovelace Health System. This is the second clinic the two companies opened in the last months; the first one had the ribbon- cutting ceremony on October 1st.
Methodist Hospital Announces $200M Expansion
The Methodist Hospital opened in 1963 in the South Texas Medical Center with 175 beds and 272 employees. These days, the hospital has 882 beds and a staff of 3,538 members; recently they’ve announced a significant expansion of $200 million that will start in early 2014 and be completed in 2017.
Columbia Residential Opens $24M Luxury Seniors Housing
Heritage Senior Residences at Columbia Parc, one of the most highly anticipated projects in New Orleans has celebrated its grand opening in Gentilly, with the first residents expected to move in starting March 2014.
Seattle’s Tallest Skyscraper Announced; HFF Finances Yakima Valley Retail Properties
As the city skyrockets in terms of development, a big change was recently announced to its skyline. Earlier this week, local developer Greg Smith expressed plans to build the city’s tallest building, setting a new bar for new developments in terms of both height and ambition. According to the Puget Sound Business Journal, should the development come to reality, the process would be time consuming as the necessary design approvals and paperwork would take at least a year.
Devonshire REIT Buys Mentor’s Great Lakes Plaza for $8M
Another Cleveland-area shopping center has changed hands. A few weeks ago, Starwood Capital Group has completed the acquisition of two Northeast Ohio shopping centers, as part of a seven-property portfolio for which the Greenwich, Conn.-based investment firm has paid $1.6 billion to the Sydney, Australia-based Westfield Group. Now, Devonshire REIT, Inc. Has announced it has closed the purchase of Great Lakes Plaza.
Radisson Opens the Radisson Cincinnati North CoCo Key Water Resort
The Radisson Cincinnati North CoCo Key Water Resort opened last month. The full-service hotel boasts a 50,000 square foot indoor water park and is scheduled to undergo a comprehensive renovation project in the second quarter of 2014. It will remain open during the renovation.