National
Multi-Million Dollar Upgrades Planned at Two Charlotte Student Housing Communities
The Preiss Company, the fifth largest privately held student housing corporation in the US and the largest off-campus student housing provider in Charlotte, has announced it will be investing an excess of $3 million in upgrades to two of its Charlotte assets: 49 North and University Village.
New Little Tokyo Apartment Community Breaks Ground as Downtown L.A. Continues Rise
With Koreatown communities in L.A. now moving and the submarket’s multifamily sector set for continuous growth, it is time to switch the focus shift to another community’s development endeavors, namely Little Tokyo. Residentinal developer SARES-REGIS Group recently announced that it has broken ground on a new mixed-use apartment development in the historic downtown community. The rental apartment complex was designed for SRG by TCA Architects, the company responsible for the six-acre master-planned community that the development is part of.
CyrusOne Expands Data Center in San Antonio
CyrusOne, one of San Antonio’s global colocation solutions providers, has purchased a 22-acre property as expansion of its data center campus. The remaining space in its existing facility, the equivalent of 19,500 square feet, was leased for the next 5 years to one single customer, identified as a Fortune 50 customer.
Affordable Public Housing Breaks Ground at Katrina-Marred Site
This week marked the start of yet another project that will erase some of the damage left behind by Hurricane Katrina.
MacFarlane Partners Sets Similar Development Plans for Two Multifamily Projects in South Lake Union
MacFarlane Partners has seriously ramped up its involvement in the Seattle area, specifically the booming neighborhood of South Lake Union, only recently announcing serious progress in the development of two different apartment projects. The investment management firm has recently announced a January 2013 deal for a parcel at 201 Westlake Avenue North where it intends to build a new apartment building, as well as the acquisition of the final parcel it required for its planned multifamily complex at 215 8th Avenue.
Downtown Cleveland Attracts Leasing but Loses Skylight Financial Group
Skylight Financial Group will move roughly 100 workers from the Skylight Office Tower at Tower City, in downtown Cleveland, to the United Bank Building at West 25th and Lorain Avenue, in Ohio City.
The Banks Development Team Announces Start Date for Construction on Phase IIA
The Banks will be Cincinnati’s largest single, mixed-use development with residential, office, hotel and retail components. In a recent release, the Banks’ master development team of Carter and The Dawson Company announced work will soon start on Phase IIA of the project.
Hawaii Pacific University Completes First Sale of Special-Purpose Revenue Bonds
Hawaii Pacific University has announced the successful sale of all the securities in the first $42 million issue of its special purpose revenue bonds. The funds will be used to finance the overall development of the university, particularly the Aloha Tower Marketplace project in downtown Honolulu.
CDC to Kick Off Phase One of Multi-Billion-Dollar Community in Houston
CDC Houston Inc., a subsidiary of Coventry Development Corp. of New York, unveiled plans for phase one of Springwoods Village, a $10 billion, 1,800-acre mixed-use community in Spring, just south of The Woodlands and 20 miles north of downtown Houston. Springwoods Village Town Center will include approximately 250 luxury apartment […]
Village Green Unveils Renderings for 254-Unit Mixed-Use Project in Saint Paul
Village Green Co. recently unveiled new renderings for its new market-rate housing development, The Penfield. Located on Robert Street between 10th and 11th Street in downtown Saint Paul, the 254-unit development is one of the first market rate mixed-use projects constructed in downtown Saint Paul in 20 years.