National
Los Angeles Area Residential Properties Secure Loan Deals
Top financing firm Johnson Capital recently announced that it has provided deals for a seven-property multifamily portfolio, including mobile home parks, a few of which are located around Los Angeles. The national real estate capital advisory firm recently released a statement pointing out the fact that a total of $174 million had been arranged for the properties by representatives from its Phoenix, AZ office. Dave Susank and Neal Churney are the two Johnson employees handling the financing deals.
Gardens at Market Square Mixed-Use Project Breaks Ground in Downtown Pittsburgh
Millcraft Investments recently held a groundbreaking ceremony for The Gardens at Market Square, a $100 million office, hotel and retail complex slated to rise on Forbes Avenue, between Market Square and Wood Street.
Silicon Valley Residential Market Sees Activity From Investors and Developers Alike
As the area’s office sector is set to greatly benefit from the fact that Silicon Valley is currently regarded as the most tech-friendly real estate market in the entire country, investors are taking some time to focus on an impending housing rise. Therefore, transactions and new development projects should pour in over the following timeframe as the area looks to fulfill its obvious potential.
Nashville to Spend Tens of Millions on Riverfront Redevelopment Projects
Recently named one to the 10 best cities for urban green spaces in America by USA Today, for its existing parks and trails, as well as the city’s commitment to add around 22,000 acres of green space in the city in the next 25 years, as well it’s recommitment to the cause after the 2010 flooding, Nashville is keeping its word.
Over $1B Investment Planned for Capital Region’s Manufacturing Industry
The Dow Chemical Company has officially confirmed the locations of it future expansions and investments in as Plaquemine, Louisiana and Freeport, Texas.
AFL-CIO Housing Investment Trust Provides Funding for $32 Million Rehabilitation of 2101 South Michigan Apartments
The AFL-CIO Housing Investment Trust has recently announced that, after working closely with PNC Real Estate and Developers Mortgage Corporation, it has provided $32 million of pension capital funding towards the major rehabilitation of Chicago’s 2101 South Michigan Apartments.
Kaiser Permanente Opens New IT Center in Greenwood Village
Officials from the Metro Denver business community and Kaiser Permanente executives gathered for the grand opening of the health care provider’s new information technology center in Greenwood Village.
Albuquerque’s Rock Climbing Gym to Expand to 23,000 Sq. Ft. after Relocation, $4M Renovation
New Mexico’s largest indoor rock climbing gym is soon to become the largest one in the Southwest. A $4 million renovation commenced for Albuquerque’s Stone Age Climbing Gym that relocates to the former Spa & Billiard World store at 4130 Cutler Ave. NE, just off of Interstate 40 and Carlisle.
San Antonio’s Waters at Northern Hills for Sale for $13.1M
The arranged sale of the 304-unit apartment complex located at 4031 Thousand Oaks Drive attracted the investment community of the area. Marcus and Millichap represented the seller, a 501c-3 nonprofit company, through Will Balthrope, senior vice president investments in Dallas, and Scott Lamontagne, vice president investments in Austin, both with Institutional Property Advisors, a division of the investment firm, and Zar Haro and Michael Moffitt, senior associates in Marcus & Millichap’s San Antonio and Austin offices, respectively.
Daly Sets Sights on Seven-Month Modular Construction for ‘N’ Habit
One of the hottest trends in building now is the use of prefabricated elements, banking on the effectiveness the medium offers. One of the first Seattle developers to jump on that bandwagon was Daly Partners. Normally, a mid-rise apartment community project rising in Seattle’s Belltown neighborhood would take around a year construction-wise, but contractor Charter Construction has set itself a seven-month deadline.