National
Abandoned Peanut Factory to Be Transformed into Residential Complex
Not far from San Antonio’s urban core sits an abandoned peanut factory; previously here was a peanut processing and storage warehouse facility. At the beginning of next year it will be transformed into Peanut Factory Lofts, a 90-unit apartment and townhome complex with the help of civil engineering firm Big Red Dog.
Techno Bonanza in Mid-City Apartments
A curiously named new project is about to hit the New Orleans apartment market. Dubbed Mid City iLofts, the boutique apartment project has started leasing recently.
First Hill Residential Tower Gets Approval from City’s East Design Review Board
The frantic pace of development that Seattle is witnessing in its multifamily sector is set to see another spike after news recently hit regarding a brand new residential tower project on First Hill. According to the Department of Planning and Development’s website, an application was accepted for a multifamily project at 800 Columbia Street. The developer for the intriguing project is Alecta, a European pension fund that currently has no less than three different multifamily developments in the pipeline for Seattle.
CNL Healthcare Properties Buys Elyria Medical Building for $20M
The Cleveland Clinic Elyria Family Health and Surgery Center has a new owner. Orland-based CNL Healthcare Properties Inc. has acquired the property as part of a six-building portfolio for which it paid a total of $59.5 million.
U Square @ the Loop Finally Open
U Square @ the Loop, the largest local project besides The Banks to break ground since the recession, is finally finished. The $78 million development opened on Thursday, August 22. UC President Santa Ono, Vice Mayor Roxanne Qualls, CHCURC Director Matt Bourgeois, Uptown Consortium CEO Beth Robinson, Al. Neyer Executive Vice President Jim Neyer and many others were present at the ribbon cutting ceremony.
A&B’s The Collection Condominium High-Rise in Kakaako Draws Good Response from Buyers
A&B Properties’ latest condominium development slated to rise at 600 Ala Moana Blvd. in Honolulu’s Kakaako neighborhood has registered strong sales. According to the Pacific Business News, about 60 percent of the 397 units in The Collection have been sold during the opening sales weekend.
Hyatt Regency Minneapolis Hotel Completes Second Phase of Renovation, Expansion
Hyatt Regency Minneapolis hotel has recently announced it has completed Phase II of its renovation. Phase II included a major expansion which sees the Hyatt Regency Minneapolis, one of the largest hotel properties in the Twin Cities, add over 20,000 square feet of event space and an extra 112 new guestrooms and 54 high-end suites.
$30 Million Office Development Broke Ground at Fifth Street and Congress Avenue
At 501 Congress Avenue, where the former annex of the Bank of America used to be, recently broke ground a $30 million office development. Stream Realty Partners purchased the site back in April in a partnership with four other firms.
Concord Business Park Welcomes Second August Addition
OILES Corporation of Japan subsidiary OILES America Corporation has announced completing its newest expansion at the Concord, N.C. corporate headquarters.
Interpark Holdings Buys 300 East Pratt Street in Baltimore
Cushman & Wakefield of Maryland Inc. recently arranged the sale of 300 East Pratt Street, a fully automated surface parking lot located in the heart of the Baltimore Central Business District. The price of the transaction was not disclosed.