National
Milhaus Plans Second Phase of Artistry Apartment Development in Downtown Indianapolis
Milhaus Development is seeking city approval to begin construction on the second phase of its Artistry apartment project in downtown Indianapolis.
Ramco-Gershenson Properties Acquires Maplewood Shopping Center for $24M
Ramco-Gershenson Properties Trust recently announced the acquisition of the Deer Creek Shopping Center in Maplewood, Missouri, a densely-populated suburb of St. Louis.
Lodging Capital Partners and Lubert-Adler Team Up On Embassy Suites Memphis Acquisition
Real estate investment banking firm RobertDouglas announced it has advised Chicago-based Lodging Capital Partners LLC and Philadelphia-based Lubert-Adler Management Co. on the $22.6 million acquisition financing of the 220-key Embassy Suites Memphis.
SouthStar Announces Three New Neighborhoods in New Braunfels Community
SouthStar, the fully integrated real estate investment, development and management firm with focus on the residential market, following strong sales in the Vintage Oak community, has announced plans for three new neighborhoods in the city of New Braunfels, northeast of San Antonio. This master planned community is on the market since 2006 and only in the past 10 months it announced the sale of more than 100 housing lots.
Housing Authority of New Orleans Seeks Affordable Housing Developers
The Housing Authority of New Orleans’ (HANO) first attempt to scale down its small housing asset portfolio has proven successful, receiving bids on 95 of the 115 properties put up for sale in October
Planned Legacy Community to Draw on Appeal of Silicon Canal
As the tech cred of Seattle continues to improve, the city is witnessing an escalation in the number of residential projects designed and built in order to accommodate the young professionals that will be populating the new office complexes. To that effect, Legacy Partners Residential has lined up a new multifamily development project for the increasingly tech-driven Stone Way area. The company is set to develop its new community near the Google offices in the area.
Starwood Buys Two Northeast Ohio Malls as Part of $1.6B Deal
Starwood Capital Group, a Greenwich, Conn.-based investment firm, has completed last week the acquisition of seven dominant regional malls in four states, on the West Coast and in the Midwest. The deal was announced in September. Two Northeast Ohio shopping centers are also included in the portfolio.
Downtown Cincinnati’s dunnhumby Centre Reaches Key Milestone in Construction
and the Cincinnati Center City Development Corporation (3CDC) broke ground on the dunnhumby Centre project in downtown Cincinnati. After almost ten months of work, the project reached an important milestone in its construction, as it received its first concrete pour at street level on November 14. Also, at the start of the month, the Cincinnati Urban Design Review Board approved the design for the new building.
City Council Green-Lights Castle & Cooke’s Koa Ridge Master-Planned Development
The Honolulu City Council has approved the rezoning of agricultural land in Central Oahu, the Pacific Business News reports. The decision paves the way for the development of Castle & Cooke Hawaii Homes’ Koa Ridge master-planned community, which calls for 3,500 single- and multifamily homes, a medical center, a mixed-use village center, shopping outlets, a hotel, light industrial, recreation areas, as well as churches and open space. The project is slated to rise across 576 acres of land located between Mililani and Waipio.
MetLife Provides $161.5M in Financing for Houston Office Tower; Noble Energy Center One Changes Hands
MetLife, Inc. has provided $161.5 million in financing to CBRE Strategic Partners U.S. Value 6, a fund sponsored by CBRE Global Investors that has acquired Marathon Oil Tower in Houston.