National
Transpacific Development Purchases 1.1M-Sq.-Ft. Distribution Center at AmeriPlex
Transpacific Development Co. of Torrance, California has recently purchased a 1.1-million-square-foot distribution center at the AmeriPlex Business Park. According to the Indianapolis Business Journal, the seller of the property at 9101 Orly Road was Metro Holdings One LLC of Columbus, Ohio.
Lenexa City Council Approves 203-Unit Apartment Project in Lenexa City Center
The City of Lenexa recently announced the addition of The Domain at City Center as part of their growing vision for the Lenexa City Center. The Lenexa City Council at their recent meeting gave preliminary plan approval for this new 203-unit luxury apartment building.
Mazuma Credit Union Invests $15.9M in New Corporate Headquarters
Mazuma Credit Union has broken ground on its new corporate headquarters in the Shoppes at Deer Creek Woods on the northwest corner of 135th Street and Metcalf Avenue in Overland Park, Kansas.
MVP REIT Picks Up Net-Leased Downtowm Parking for $5.8M
MVP REIT Inc., a Las Vegas-based hybrid REIT has recently acquired two downtown Memphis parking facilities along with a facility located in downtown Kansas City, MO for $5.8 million.
Lawmakers Back Controversial 167-Acre Mega Development South of Durham
751 South, a long-stalled residential and business mega development along the Durham-Chatham county line can finally move forward.
Capitol Broadcasting Acquires Old Bull and Noell Buildings at American Tobacco
Two historic apartment and retail buildings at the American Tobacco Campus in Durham have recently been purchased by the original developers of the 16-acre site. According to the Triangle Business Journal, an affiliate of Capitol Broadcasting Company known as ATC North Residential LLC has acquired the Old Bull and Noell buildings at 300 and 312 Blackwell Street for a combined $9.5 million.
Condos Priced from $140K-$360K Come to Market after Project Completion
Back in 2007 when the housing bubble had not yet burst, condominiums sprang up all across the country. That was the time when it was quite common for a land developer to be sued by his business partners because he had bankrupted several companies, dealing with accusations of defrauding the city to tune millions for past projects. That was the case for developer Vincent Garcia who back then was riding high on a nine-story mixed-use project, in downtown Albuquerque.
UDub Debuts New, Improved Husky Stadium During Game Against Boise State
As autumn arrives, it is time to kick-off every collegiate sport imaginable and throw on the war paint of your alma mater. But in order to do that, you need a venue, and the University of Washington has just unveiled its completely re-imagined Husky Stadium. The massive $280 million dollar investment has already hosted its opening game, in a 38-6 thrashing of the Boise State Broncos by the Washington Huskies. The newly re-opened football stadium has received very positive feedback from those participating at the event, The Seattle Times writes.
Rising Las Vegas Home Prices Lead U.S.: S&P/Case-Shiller Index
The Las Vegas housing market is going from strength to strength in terms of prices, being one of the driving forces behind what could shape up as a positive year for the U.S. The city has once again far outpaced the national average which, according to the Standard & Poor’s/Case-Shiller home price index, stood at about 12.1 percent over the values recorded in June 2012. Las Vegas saw very encouraging increases in home prices, with a year-over-year increase of 24.9 percent.
Related’s Stephen Ross Pledges $200 Million to University of Michigan
Stephen Ross, the founder and chairman of real estate development firm Related Companies and owner of the Miami Dolphins, made a historic $200 million donation to the University of Michigan—the largest single gift the university received since it was established in 1817.