National
Liberty Trust to Acquire Operating Partnership of Cabot Industrial Value Fund III
Liberty Property Trust recently announced it has entered into a definitive agreement to acquire the operating partnership of Cabot Industrial Value Fund III.
UDR, MetLife Form Partnership for Luxury Development in Addison
Denver-based UDR Inc. formed a partnership with MetLife Inc. to own and further develop the master-planned community known as Vitruvian Park in Addison.
The Woodley to Bring 212 Apartments in Northwest D.C. next March
In a July news story, CBS MonyWatch ranked apartment rents in the Washington, D.C. area as the fourth highest in the nation, behind San Francisco, New York and Boston but ahead of Los Angeles or Miami. And Marcus&Millichap reports that rents will continue to grow throughout the year. Bad news for renters but great news for developers such as the JBG Companies. The Chevy Chase-based private real estate development firm plans to bring 212 high-end units to Northwest Washington D.C.’s desirable Woodley Park neighborhood in March 2014.
Office Building in Rio Rancho is For Sale for $5M
At Quantum Road and NM 528 there is a five-story complex of 50,000 square feet that has just been listed for sale. The building used to belong to AMREP Southwest who is now the main tenant.
Ridge Flats Net-Zero Energy Community in East Falls Gets the Green Light for Construction
Onion Flats’ efforts to build Philadelphia’s first Passive House Certified and Net-Zero-Energy mixed-use community will finally come to fruition. Almost two years after the local developer was selected by the Philadelphia Redevelopment Authority (PRA) to create the most innovative, energy-efficient housing development in the East Falls section of Northwest Philadelphia, the project received the green light from the City Planning Commission and a final OK from the Zoning Board of Adjustment.
Three Detroit-area Companies Receive MEDC Incentives, Expected to Invest $10.8 Million in the Region
he Michigan Economic Development Company (MEDC) announced last week that it has awarded $1.06 million in Business Development and Community Revitalization program incentives to three Detroit-area companies that plan to expand in the Southeast Michigan.
Yet Another Milpitas Multifamily Project Set to Take Shape as Silicon Valley Ramps up Housing
The rise of Silicon Valley has been a long process, and now the incentive is there for housing to fulfill the expectations of hordes of young professionals looking to relocate to the area as Google, Apple and a myriad of other tech companies continue their expansion. One of the cities in the Silicon Valley area is Milpitas, home of companies such as Maxtor, Adaptec, Cisco Systems and SanDisk.
Coworking Office Concept Opens Second Phase; Hines Picks Up Suburban Retail Center
Nashville has new office space to boast with, but it’s something different than the run of the mill office space that abounds in urban cores, while Hines acquires 750,000-square-foot shopping center
JEDA Bonds Make Renovations Possible at Charleston Airport Radisson
Described as “innovative”, bond financing from the South Carolina Jobs-Economic Development Authority (JEDA) has helped a property investor purchase and renovate the 159-key Radisson Hotel Charleston Airport.
Joint Venture Acquires 300,000 SF Suburban Chicago Office Park
Transwestern Investment Group recently announced it has acquired two Class A office buildings in the East-West Corridor office market outside Chicago. The properties were acquired by a joint venture between Transwestern Sponsorship Equity Partners and Soundview Real Estate Partners for an undisclosed amount.