National
IRET Properties Sells Five-Building Portfolio to Altus Properties
Investors Real Estate Trust recently announced that its operating partnership, IRET Properties, has closed on the sale of five commercial office and industrial properties from its portfolio.
TDI Kicks Off Luxury M-F Development in Richardson; Renovated Lincoln Plaza Renamed Ross Tower
TDI Real Estate, a leader in the development of Class A multi-family housing, has broken ground on Jefferson Center, a 360-unit luxury apartment community in the fast-growing Richardson market, north of Dallas.
UIP Completes M-F Property Renovation, Drawn to Popular Adams Morgan Neighborhood
A $7.5 million renovation project has brought new life to an old apartment building located at 1841 Columbia Road, NW, in the heart of D.C.’s Adams Morgan neighborhood. Originally built in 1930, the building once known as “The Alcazar” now features energy-efficient HVAC systems, a green roof, residents’ roof deck with panoramic views of the city and much more.
Eight-Building Campus in San Jose Acquired by TMG Partners-Fortress Investment Group Joint Venture
A massive office campus deal was recently arranged by a joint venture between San Francisco-based TMG Partners and Fortress Investment Group LLC. The JV has acquired the current San Jose home of network solutions company, Cisco. The eight-building office/R&D campus was previously owned by the company which has already agreed to lease back the space once the deal is closed.
Montaño Transit Center Breaks Ground in Albuquerque
A $7.5 million project broke ground in Albuquerque that will serve both ABQ RIDE and New Mexico’s Rail Runner Express. The Montaño Transit Center will primarily favor the travelers in North Valley and Montaño/Montgomery river-crossing corridor.
New Players for Columbia Student Housing Site
Student Housing will after all come to the Corner of Blossom and Huger Streets, after a previous project never came to fruition.
Zurich North America to Acquire Land from Motorola Solutions and Develop New Headquarters in Schaumburg
Zurich North America recently announced it has signed a letter of intent with Motorola Solutions to acquire land for a new North American headquarters in Schaumburg.
Denver International Airport to Add Five New Gates with 39,000-SF Extension of Concourse C
The Denver International Airport has recently announced it has started construction on five new gates at the west end of C Concourse. The new 39,000-square-foot extension of the C Concourse is said to be designed as an airy, light-filled, easy-to-navigate space.
University of Memphis Breaks Ground on $53M Student Housing
University of Memphis has taken a major step towards the future by breaking ground on a new residency hall.
Former Broad Street Armory Building Demolished, Replaced by Apartments
The 127-year-old Broad Street Armory building, one of Philadelphia oldest constructions, is almost history. Less than one month after a crane started tearing down the long-vacant crumbling building located at 1221 South Broad Street in Passyunk Square, the Zoning Board of Adjustment approved a zoning variance to developer Michael Carosella’s plans to replace the property with a new, modern structure that will include 50 apartments.