National
Art Deco Berkeley Shore Hotel Sold After Nine Months On the Market
Two Argentina-based investors, Jorge Savloff and Marcelo Tenenbaum acquired the Art Deco Berkeley Shore Hotel in South Beach. The asking price, proclaimed in December 2012, was $13.78 million whilst the sale price was not yet published, only described as “very close” to the above figures.
$28M Luxury Housing Opens in Baton Rouge
By Eliza Theiss, Associate Editor The High Grove, the first mixed-use, environmentally sustainable, transit-oriented development in Baton Rouge is going live. According to the Greater Baton Rouge Business Report, residents have started moving into the first building at the $28 million luxury residential-retail project located near the Mall of Louisiana, off I-10. The second building […]
Huffines Communities Invests in Waterford at Lake Travis
Lago Vista, located northwest of Austin, offers many picturesque panoramic views of Lake Travis and the surrounding natural environment to its inhabitants and Huffines Communities knows it. For a second time, the Dallas-based real estate company stopped in the area to make investments; the first investment was the Waterford Marina, located on Lake Travis’ north shore at Mile Maker 21, an area popular for having the deepest water in the lake.
Big Red Dog Announces New Apartment Community in San Antonio
Besides the Abandoned Peanut Factory project, Big Red Dog announced the construction of their newest community in the city of San Antonio. The engineering firm is specialized in civil engineering, permitting, and land-use consulting for real estate and natural resource development has been expanding recently not only in the downtown area, but also in the suburbs. They will provide engineering and entitlements services for the Medical Center apartment project.
Multi-Housing Advisors Brokers Sale of Charlotte Apartment Communities for $24.2M
Multi Housing Advisors (MHA)has announced brokering the sale of six non-portfolio apartment communities in North Carolina totaling 1,261 units for a total of $34.4 million, of which $24.4 represented the total sale price of the Charlotte assets.
WTC Headed Toward $190M Luxury Hotel, Apartment Redevelopment
The 670,000-square-foot World Trade Center in New Orleans is two steps away from kicking off an adaptive reuse project that would transform it into a mixed-use luxury hotel and upscale apartment development.
Pierce County Gives Go-Ahead to Pre-Design Measures for New Facility
Tacoma’s office market might take a hit as reports claim that Pierce County is looking to consolidate its employees into one standalone office property. As county officials are currently occupying eight different office buildings throughout the city, there might be a number of owners who will scramble to find new tenants in order to fill up the space that Pierce County might be vacating.
Jacobs Real Estate Services Sells Acreage in Avon for New Marriott Hotel
A new hotel is coming to Avon next year. Westlake-based Jacobs Real Estate Services, an independent affiliate of The Richard E. Jacobs Group, announced on Tuesday, October 1, it has agreed to sell a 4.27-acre site on Just Imagine Drive to Emerald Hospitality Associates Inc. and Nimbus Investment Fund. The price of the transaction was not disclosed.
UC Releases New Renderings for Nippert Stadium Renovation Project
Bearcat fans rejoiced on Thursday, October 3, as the University of Cincinnati released new renderings and floor plans for the Nippert Stadium Renovation & Expansion project on Thursday, October 3. At a cost of $86 million, the privately funded project is scheduled to start construction in mid-December, this year. It is expected to be completed in August 2015.
RockBridge Capital to Renovate Iconic Canterbury Hotel in Indianapolis for $9.5M
Columbus, Ohio-based RockBridge Capital LLC is planning to close the historic 99-room Canterbury Hotel in downtown Indianapolis for a nine-month renovation and reopen the property under Starwood’s luxurious Le Meridien brand.